G.M. demise

[Kenneth B.]

Re: G.M. demise

I'm not sure what to think anymore. I know that when i was growing up my dad told me something that i hold dear till today. "Don't count on anyone but yourself". I Don't think the government is responsible to bail anyone out. The big 3 has made all the problems by themselves.How long would it take them to burn through the 25 billion? Not very long. Then what? Ask for more...I just don't know anymore. Maybe the government should not have bailed anyone out ....I think it will just cause more companies to ask for more..

The goverment bailed out the S&L's years ago. Got nothing. Bailed out Chrisler & it made money. Please semy post BIG 3 BAIL OUT. This is not about a bail out but whw will pay. The big 3 will not fold but with no help it will be small business that will be left holding the bag when they don't pay there suppliers when they go chapter 11
KEN

[Martin T.]

Re: G.M. demise

Now here is a car on e-bay that may help the big three out: http://cgi.ebay.com/ebaymotors/ws/eB...link:middle:us

[Steven B.]

Re: G.M. demise

From what I understand, Dec. 2 is the day those 3 CEO's return to DC (hopefully flying coach) and present a plan of where the money would be going for. I'm sure they won't even present a plan to cut x number of $'s from management, expenses etc as a show of good faith. Knowing what they need the money for is really a key point, whether you agree with the bail out or not. Would like to find out why they're short, and what the money will do. Apparently, they talked about needing the money for the short term because the long term isn't as bad. As someone up top pointed out, managing a building with 13 managers and asking to cut one of 12 workers without touching the management side is like leaving the fox guarding the hen house. Where is Lee Iaccoca when you need him? My only question is, if this was happening to the auto industry while the rest of the economy was humming along, I'd say, let them reorganize. But with such an economic climate now, can you imagine the market reaction to one of the 3 going bankrupt! I just worry about the world market reaction and the possible freefall. If you don't want to bail them out, then prepare for a further, more drastic drop when one or all goes belly up.

[Clem Z.]

corvette related

i understand that GM has told suppliers of the special parts that go into the new ZR1 to stop producing them as the sales have fallen off to zero and the the dealers that have them are selling at close to sticker.

[Duke W.]

Re: G.M. demise

Current Corvette supply is over 200 days - greater than most SUVs and trucks!

Duke

[Stuart F.]

Re: G.M. demise

I like the idea of the big three CEO's going to DC flying coach on the 2nd of December. Flying out of Detroit Metro via NWA ought to make them say 3 to 4 hours late. By that time Nancy and Harry will be having a snit and the whole thing will fall through!

Stu fox

[Bill M.]

Re: G.M. demise

To continue our current course (standard of living elevated above the rest of the world to the extent it is), we need to create 3-4 new Bill Gates types each generation. I fear that won't happen without the next generation(s) WAKING UP to the fact that there are many in the 3rd world with the basic educational tools to effectively compete with them, work for less, work harder/longer days, deliver world class products & services and the desire to eat our lunch...

When we have a 'new' industry/technology/service that's in high demand, it IS possible to ride high on the learning curve, extract price/profit premiums and not have to sweat the cost accounting details of optimizing to the 3rd or 6th decimal place. But, when that industry/technology/service becomes a rote commodity those with superior source cost structures reap a competitive advantage that can be KILLER issues.

You got that right!