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Old 04-29-2010, 10:30 PM
 
Location: Texas
2,847 posts, read 2,123,949 times
Reputation: 1754

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Quote:
Originally Posted by MovedfromFL View Post
That new commercial about how great GM is and how they repaid the loan with interest is an outright lie to our faces.

GM makes nothing but junk that falls apart on you at 50k miles.

I remember when I was in school for my MBA back in the mid-1990's, the automakers were drooling over the China market.

I have talked with a several exec's from GM of past and I get the "call it spin or call it a lie" about the commercial.
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Old 10-03-2011, 12:58 PM
 
Location: Mid-Atlantic
1,820 posts, read 4,156,684 times
Reputation: 1911
Hmmm just read that the UAW is now going to pay their approx 48,000 members a $5k signing bonus and raises with their new contract?
REALLY?
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Old 10-04-2011, 10:24 PM
 
Location: Los Angeles area
14,017 posts, read 18,861,887 times
Reputation: 32438
Quote:
Originally Posted by Des-Lab View Post
Can anyone offer me some proof that the above is NOT true at least to some extent?

On that note, I noticed when I drove by my local Chevy/GM dealer this morning that there was not a single customer on the lot that I could see. Plenty of inventory. But nary a customer or saleperson in sight. Likewise, the "customer parking" lot didn't have a single car in it. And this was at 11:00 in the morning. That made me feel good. I was half tempted to pull in while driving my Mustang and rub their noses in it: I will never, EVER buy a GM product or give business to any establishment selling them.

Alas, I'm better than that and took the high road and drove on.

As I said above: GM is the embodiment of everything that is wrong with American business today: inefficient, mired in a cacaphony of shady "creative reporting" numbers trickery, stupendously arrogant and short sighted, and stuck in a bass-ackwards [sic] "But we've always done it that way" mentality.

Although I don't see it happening for now, I am still hoping and praying for a complete and total collapse of GM, taking everyone who is onboard that ship down with it. The company itself, the UAW, the dealers, the NASCAR loving-flag waving "Red-White-And-Blue" GM cheerleaders.....every last one of them. Buh-bye. -Good riddance.
Well, someone has revived this old thread, so I'll jump in too. The post above which I quoted is a year and a half old, but it is sometimes interesting to see where things have gone in that amount of time.

So, 18 months later I note that GM is doing fairly well and they have paid back more of their TARP money. They have had to make changes in order to survive, including becoming more efficient, and they deserve credit for that.

One does not have to be a GM fan - I am not - to recognize that the above poster has gone off the deep end with his excessive hatred of GM. I agree that GM was guilty of a number of things, but to wish failure on them is to wish a lot of pain on a lot of people who work for them. I currently drive a Mazda and my last two cars before that were Fords. Since I keep my cars a long time, that takes me back to about 1983. But if I were in the market for a new car (which I am not) I would not rule out GM products in my search.
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Old 10-04-2011, 11:19 PM
 
20,194 posts, read 21,503,459 times
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Quote:
Originally Posted by NYMD67 View Post
Hmmm just read that the UAW is now going to pay their approx 48,000 members a $5k signing bonus and raises with their new contract?
REALLY?
So what did GM learn after bankruptcy and everything? They learn to continue the same mistakes as they did in the past... they had all their debts wiped away and they get to keep all the stuff... its basically as if the major car companies functioned and someone took all their debts and poof it disappeared... get that.. who wouldn't do well after that... you would think that since they don't have all that debt anymore, they wouldn't need to borrow money again but they do.. but you got to remember the UAW helped Obama and Obama helped GM... of course, to show their gratitude, the CEOs of GM is going to give a bit of a payback to the UAW... so the corruption continues... GM can make whatever claims they want... after all, they don't have the debt that all the other car companies have and still compete... the other car companies didn't "cheat" their way like GM did... but cheaters never prosper...
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Old 10-05-2011, 08:31 PM
 
48,508 posts, read 88,431,788 times
Reputation: 18187
Quote:
Originally Posted by rarrazz View Post
Not really.
They've legitimately paid back the money.. catch is, that's not all there is to it..
There's still a huge investment in GM by the US Government. GM won't fully own their company again until they go public and buy it back.
The governamnt bought stock really which no one else would do. The real losers are bondholders thast included pension plans who took the hircuts . The union were moved ahead of bondholders ulike normal bankrupsy. All of the Big 3 are still reliant on truck and SUV sales for their profits is the scary part.Remmber the money spent was sold to cobngress originally has being the second half of TARP that was to go to help housing crisis.After the bankrupsy no private party would joi with the tresury in Geitheners hoisn fplan he annouced after Obama was elected.
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Old 10-05-2011, 09:55 PM
 
8,265 posts, read 11,193,943 times
Reputation: 4788
Quote:
Originally Posted by NYMD67 View Post
Hmmm just read that the UAW is now going to pay their approx 48,000 members a $5k signing bonus and raises with their new contract?
REALLY?
The consensus seems to be that this is a win for GM. The bonus is in place of cost-of-living increases (which obviously would get paid every year going forward) and much of the terms involve replacing the veteran expensive workers and bringing in new ones that will start at half as much.
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Old 10-07-2011, 06:46 PM
 
Location: Mid-Atlantic
1,820 posts, read 4,156,684 times
Reputation: 1911
Quote:
Originally Posted by slackjaw View Post
The consensus seems to be that this is a win for GM. The bonus is in place of cost-of-living increases (which obviously would get paid every year going forward) and much of the terms involve replacing the veteran expensive workers and bringing in new ones that will start at half as much.
Oh well... Welcome to the real world where people aren't getting cost of living increases or bonus checks... Don't forget, many of those UAW workers received a compensation for their concessions years ago. They are still getting more than many other people these days...
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Old 10-07-2011, 06:51 PM
 
48,508 posts, read 88,431,788 times
Reputation: 18187
Quote:
Originally Posted by slackjaw View Post
The consensus seems to be that this is a win for GM. The bonus is in place of cost-of-living increases (which obviously would get paid every year going forward) and much of the terms involve replacing the veteran expensive workers and bringing in new ones that will start at half as much.
The real wi was that the union memebe3rs actaully abonadon new hires so as to keep mre themselves. I the future contract will be much less expensive unless they just do it agin by aqgreeig to union terms. perhaps by tehn most of thsier profits will come form overseas operation anyway in emerging markets witht eh real future growth.
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Old 10-07-2011, 08:04 PM
 
Location: Los Angeles area
14,017 posts, read 18,861,887 times
Reputation: 32438
Default Bias in favor of Ford

Quote:
Originally Posted by Escort Rider View Post
But if I were in the market for a new car (which I am not) I would not rule out GM products in my search.
I should have added to that sentence in my post, but it's too late so I'll do it this way via a new post: If I were in the market for a new car I would not rule out GM products in my search, but I would be biased in favor of Ford (other things being equal) because Ford did not take bailout money. They had their act together much better much earlier.
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Old 10-07-2011, 08:19 PM
 
Location: Lafayette, Louisiana
14,089 posts, read 25,074,596 times
Reputation: 8016
What soured me towards GM, besides being Government Motors, is how they dealt with their mistakes. Instead of tracking a new problem, finding a solution to the problem, and correct the problem both on the assembly line and on already produced vehicles; they would ignore the problem unless it received a large amount of press coverage. Sometimes they would blame the drivers instead of admitting fault. My 2003 Malibu was new in 1997. I was a fool to think that GM had worked out the bugs in this 2003 model, the last year this body style wore the Malibu name. Instead I had the same problems as those first Malibus as well as the other GM vehicles on this platform. Problems lime warping brake rotors, HVAC control panel so sensitive it turns on or off with bumps in the road, leaking intake gasket due to DexCool coolant, and GM's Pass Lock Theft Deterrent system stop recognizing my key (this last is so common among GM vehicles that there are websites and instructional videos on how to bypass the system). GM knew about all these problems and not only did nothing to fix the problem, but would blame the vehicle owner for some of them.
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