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Re: The American People have spoken.... [Mr_Shiftright]
by dtownfb on Thu Nov 13 12:56:52 PST 2008
I think the mistake GM is making is they have taken bankruptcy off the table. Quite honestly, that is not their decision. it bothers me that they feel they are "too big to fail" and are doing a full court press to pressure the government into bailing them out. I listened to the Cramer video. I agree that we need jobs but why is GM more important than the folks at Circuit City, Hershey Foods, LInen 'n things, Johnson controls, harley Davidson, etc.? Yes I know GM, the company, is bigger and tangentially supports more jobs but what about the 1.2 million workers who have lost their jobs this year? No one bailed out these companies. Even with a bailout of $50B (this number keeps going up), GM is going to have to re-structure their business. They think they are re-structuring but until they make the painful decision to cut unsustainable divisions like Saturn, they are still at the tip of the iceberg in my mind. Cutting shifts, cutting labor, cutting benefits, etc are reactionary items that any manager can do when sales go into the tank. A visionary realizes that moving forward we can't sustain 7 separate auto divisions when your market share continues to shrink. A smart manager looks at what his successful competitor is doing and adopts it to his/her company. You also announce this plan to everyone who will listen so maybe they will invest in your company. The dumbest thing Wagoner could have done is announce to the world that GM will run out of money by January. Who wants to invest in this company knowing that it is a better than average chance, it may not be around come 2009? Also he is using fear to pressure the government instead of using the supposed leadership skills he possesses to develop a plan. If I was on the board of directors, Wagoner would be gone!!! GM cannot be successful with him as the leader. If this is his best plan for GM to survive, they need a change of leadership. NOW! Wagoner should be shouting form the rooftops his plan to turn around the company. Going to all his top investors and showing them how GM return to profitability even in a down market. Instead his plan is to instill fear in the American people which is why people are saying "let them fail". GM needs to sit down with the UAW and have a heart to heart. Open all of their financial books and figure out a way with the UAW to make GM profitable. The UAW will have to make concessions but in return maybe Gm can offer employee ownership for the UAW (stock options) so the workers are invested in the company. GM succeeds, the worker succeeds. Also maybe for lower wages, they move the plants from Mexico back to the US so they can hire back some workers. Work with the dealerships to reduce the number of franchises based on fewer car divisions. How about selling the remaining 49% of GMAC to Cerebus and negotiate loosening the credit lines so more people qualify for loans. I think Ford is already on the right path and has taken drastic steps to return to profitability. They can make it and they do have the products in place. They just need the original $25B (I have no problem with this money since it is related to upgrading plants for fuel efficient cars) and maybe a safety net just in case things don't work out (car sales go lower next year). Offer Ford a line of credit. Chrysler/Cerebus: No money. Cerebus wants out of the auto industry. Let them sell Chrysler or individual divisions. They have no commitment to the workers, so no money. Plus they have money to invest and/or the ability to obtain it, they don't want to.
Harley-Davidson feels the pinch...
by lemko on Thu Nov 13 09:26:33 PST 2008
From the Philadelphia newspaper: http://www.philly.com/philly/hp/news_update/20081113_Harley-Davidson_feels_econo- my_s_pinch.html
Re: Stream of Consciousness Post on a Very Rainy Day... [blckislandguy]
by lexusguy on Mon Sep 29 19:39:30 PDT 2008
The not-all inclusive list of cars would include 'slades, Navigators, Jeep Wrangers driven by anyone born before 1975, 'Vettes, 911s, limited edition pickups like the Harley Davidson Edition, dualie pickups unless you have a current union card, etc. etc. How could you forget the Hummer H2? No single vehicle draws more ire, or has more of a chance of getting keyed or slashed tires.
Re: Stream of Consciousness Post on a Very Rainy Day... [laurasdada]
by blckislandguy on Mon Sep 29 18:02:59 PDT 2008
Gee, you just gave me an idea for a new Forum: Why We Drive Cars That People Hate. The not-all inclusive list of cars would include 'slades, Navigators, Jeep Wrangers driven by anyone born before 1975, 'Vettes, 911s, limited edition pickups like the Harley Davidson Edition, dualie pickups unless you have a current union card, etc. etc.
I have to admit that every once in a long while...
by iluvmysephia1 on Tue Sep 16 13:08:37 PDT 2008
I'll start up my electric chain saw for a small yard project. It sometimes is the best tool for the job. But a leaf-blower? What is the big thrill here? Maybe if I had a huge yard with maple leaves all over it or something, but that is fortunately not the case. fintail-I think you hit on it as to the leaf-blower thing. The Tim Allen/Harley Davidson crowd with Metallica still blasting in their ears get some kind of off-work enjoyment with these things. Yikes. :sick:
The Guy in the Prius...
by lemko on Sat Aug 30 09:48:24 PDT 2008
...often ends up in the Friend Zone!!!! :surprise: The bad boy in the 'Vette or Viper gets the girl! ;) If you want to be environmentally friendly and get the girl, I suggest a Harley-Davidson.

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