General Motors CEO - Rick Wagoner Resigns..

[goof2]

Originally Posted by Destitute

Hasn't it already died, and the government is giving it a second chance at life? If it wasn't for taxpayer money, GM would already be in bankruptcy.

I didn't realize the government was making product decisions, rather than just financial/organizational ones.

If they had died the American taxpayer would not already be $17+ billion in the hole. If the government is just going to keep these companies on life support with taxpayer money, while setting conditions that make the companies incapable of recovery I wish they would just let them fail now.

The financial/organizational decisions are directly tied to product decisions. The previously mentioned Chrysler/Fiat merger is a prime example. Apparently the administration feels that Fiat will magically be able to make their cars pass American emissions and crash testing while convincing Americans they want to spend $15k+ on a small 3 or 5 door hatchback with a 75 horsepower engine. I'm sure Americans will be happy to go along, even though the Honda Fit and Toyota Yaris are similarly sized, have more power, are the same price or less, and have better reliability reputations than Fiat.

If my guess is right though it doesn't really matter. I suspect the Obama administration is trying to drive GM and Chrysler into bankruptcy so they can get rid of their labor contracts. The difficulty is they are trying to do it on the sly, putting all the weight on management. If the administration just came out and said that one of the big problems with Detroit was crippling labor agreements you would see Obama's approval rating drop by 10% or more. Instead, the administration has decided to throw the future of hundreds of thousands of GM and Chrysler employees, as well as their suppliers and those employees in to turmoil in an (I believe futile) attempt to save the approval rating.

[zed]

and just think, if those jobs go overseas, those people couldn't make a decent living at those jobs anyway (according to obama's internet Town Hall meeting anyway).

[Smittie61984]

Originally Posted by zed

I have been told that every Honda RC51 that was sold, lost Honda money. don't know for sure thats the truth either but the guy has been in the business for a long time.

Not the way my local motorcycle store priced those bitches. It's why those fucks still have 4 in crates.

[101lifts2]

Interesting vid posted by Pauldun....I think GM will file for bankruptcy simply because the healthcare and retirement costs need to be curtailed heavily in order to make a profit for any of the vehicles GM sells.

[derf]

Originally Posted by goof2

If my guess is right though it doesn't really matter. I suspect the Obama administration is trying to drive GM and Chrysler into bankruptcy so they can get rid of their labor contracts. The difficulty is they are trying to do it on the sly, putting all the weight on management. If the administration just came out and said that one of the big problems with Detroit was crippling labor agreements you would see Obama's approval rating drop by 10% or more. Instead, the administration has decided to throw the future of hundreds of thousands of GM and Chrysler employees, as well as their suppliers and those employees in to turmoil in an (I believe futile) attempt to save the approval rating.

This is true of every move in the political world, not what is best for the country as a whole, but how good can our approval ratings be? And you are 100% right.

[pauldun170]

http://www.leftlanenews.com/congress...telfinger.html

[zed]

Originally Posted by Smittie61984

Not the way my local motorcycle store priced those bitches. It's why those fucks still have 4 in crates.

guess if they own them they can price them any way they want. thought Honda owned all the Honda's out till they were purchased by a customer.

[Rsv1000R]

Originally Posted by pauldun170

http://www.leftlanenews.com/congress...telfinger.html

I like that, what do you think the odds are though?

[zed]

slim to none

[goof2]

Slim left town.