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gm may sell more cars, but it doesn't seem to matter much. I mean, when you operate with all those companies for as long as they have, they're going to have redundant employees that are being paid full benefits and what not. It's just too big. It's counter productive. They have more cars and sell more cars, but they've fucked their own ass by narrowing the margins because of the corporate structure (and for reference I consider the corporate structure to be everything from the CEO down, benefits, wages, pensions, etc). I don't see how this conflicts with anything in the article. I mean it's the largest US Automaker and also the one in the most trouble, there is a connection there. And no, I don't think I ever said it was management vs. labor, good v. evil. Assumptions.
toyota is the largest auto maker in the world, i don't see how they're doing "everything" wrong. I suppose that was your only major criticism of what I was saying, and that's fair enough, but every company is going to have failures and disasters but I'm saying that Toyota is more streamlined and efficient than GM, but it's not a exactly a fair comparison since they're Japanese and have different rules for benefits and legacy cost. Ford is more streamlined than GM too but I didn't really talk about them much because their cars were such absolute shite in the 90s. |
i figured this thead got bumped for this:
GM told to prep for bankruptcy filing: report WASHINGTON, April 12 (Reuters ) – The U.S. Treasury Department is directing General Motors to lay the groundwork for a bankruptcy filing by June 1, even though the automaker has publicly stated it could reorganize outside of court, The New York Times reported on Sunday. GM is operating under emergency U.S. government loans. It has been told by the Obama administration's task force overseeing its bailout that it must cut costs and reduce its debts in order to continue to receive aid. The White House-appointed autos task force has given GM 60 days to come up with a restructuring plan and it is trying to determine whether the automaker can be a viable company. Quoting sources who had been briefed on the GM plans, the Times said the goal was to prepare for a fast "surgical" bankruptcy. The newspaper said preparations are aimed at assuring a GM bankruptcy filing is ready if the company is unable to reach agreement with bondholders to exchange roughly $28 billion in debt into equity in GM and with the United Automobile Workers union. A plan under consideration would create a new company that would buy the "good" assets of GM after the carmaker files for bankruptcy, the Times said. Less desirable assets, including unwanted brands, factories and health care obligations, would be left in the old company, which could be liquidated over several years, according to the paper. Treasury officials are examining one potential outcome in which the viable GM enters and exits bankruptcy protection in as little as two weeks, using $5 billion to $7 billion in federal financing, a person briefed on the matter told the Times. The Times sources declined to be identified because they were not authorized to discuss the process. Both GM and Treasury Department officials declined to comment, the newspaper said. Last week, GM's chief executive said the automaker wanted to restructure out of court, but also preparing for a bankruptcy filing. |
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Also GM's market share is plummeting, and has been. Oh and: Toyota outsells GM worldwide in first half - USATODAY.com If you're familiar with the automotive business, you'd know this, you pathetic GM fanboy. |
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...uh GM's still #2 dude.
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REPORT: GM already has nearly two year supply of Pontiac G3
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look up chevy
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March: Toyota outsold Chevy in the US
February: Toyota outsold Chevy in the US January: Toyota outsold Chevy in the US 2009 is lookin' good! |
I mean check out their percentage of sales decreases from previous years. Bigger than anyone's.
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wow, Kia, Hyundai, & Subaru are doing great
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Hyundai must be doing good because of F.O.L. amirite
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lol @ hummer
fuck those things are a joke good ol' gm "lets make the biggest, most wasteful piece of shit ever." "sounds great, will really appeal to the wastes of life demographic." |
boy audi's doing well in the luxury category, which seems to have 40-50% drops across the board other than BMW and Acura
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Toyota's North American cars are basically shit, fyi. We have a Rav4 built in Japan and you can feel the quality difference over the NA models.
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that was a decade ago man
i dunno how that qualifies as "recent" |
Depends on your definition of recently.
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I'm recent
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so how about that Chrysler/Fiat deal? Looks like it's a no go unless the union decides to give up some major shit. It will be interesting to see if Obama gives in and bails them out or if he will let it fail after telling them they haven't provided a sustainable plan out of the crisis they are in.
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Chrysler's trying to use Fiat here to make a point, and a dumb one at that. Chrysler recently unscrewed every other lightbulb in their headquarters.
Cerberus should've dismantled them last year while they had the chance. |
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Just to clarify: March: GM outsold Toyota in the US February: GM outsold Toyota in the US January: GM outsold Toyota in the US By your logic, nobody wants Toyota cars. |
what do you have against the japanese anyway corganist
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If anything is going to happen for Chrysler it has to happen this week. Looks like bankruptcy though, bond holders wont budge and neither will the union, both will lose out in the end. |
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I still think you're a GM fanboy, nobody in his right mind would defend such a company except for fanboys. I can't say I'm a Toyota fan at all, however, so much as someone who just wants idiots like you to get their facts straight. |
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