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Is GM going bankrupt?

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  • #16
    Yeh, well, we do everything big on this side of the border.
    I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891

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    • #17
      As if. I bet that GM's US manufacturing ops are at most 2 times its Canadian manufacturing ops.

      A lot of our trade surplus with you is automotive.
      12-17-10 Mohamed Bouazizi NEVER FORGET
      Stadtluft Macht Frei
      Killing it is the new killing it
      Ultima Ratio Regum

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      • #18
        The bean counters who add up all these big numbers are on this side of the border, though.

        In any event, this would hit Canada really hard too, if it came to pass. Maybe it would hit Canada harder than it would the US.
        I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891

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        • #19
          Yes, it would.
          12-17-10 Mohamed Bouazizi NEVER FORGET
          Stadtluft Macht Frei
          Killing it is the new killing it
          Ultima Ratio Regum

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          • #20
            I guess that other manufacturers would pick up the slack though.
            12-17-10 Mohamed Bouazizi NEVER FORGET
            Stadtluft Macht Frei
            Killing it is the new killing it
            Ultima Ratio Regum

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            • #21
              GM's also been on a buying binge over the last 20 years. Not only do they keep buying but they then ignore their existing brands, starve them for product, then watch them die like Oldsmobile. The would have been better off not buying even more brands and instead just built up existing brands like Toyota and Honda do.
              Try http://wordforge.net/index.php for discussion and debate.

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              • #22
                And they just refuse to learn don't they? They'll keep on building ****ty cars until the bitter end... what a waste.
                What?

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                • #23
                  Probably not. There is a fair amount of overcapacity in the car manufacturing business right now.
                  “It is no use trying to 'see through' first principles. If you see through everything, then everything is transparent. But a wholly transparent world is an invisible world. To 'see through' all things is the same as not to see.”

                  ― C.S. Lewis, The Abolition of Man

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                  • #24
                    Well, it will stop rotating layoffs at the other companies then.
                    12-17-10 Mohamed Bouazizi NEVER FORGET
                    Stadtluft Macht Frei
                    Killing it is the new killing it
                    Ultima Ratio Regum

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                    • #25
                      Has Saturn been their only successful brand lately?

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                      • #26
                        Even GM's "Product Csar" hasn't been able to change things because every change he makes gets second guessed by a dozen different people behind the scenes. The best thing GM could do is fire half of it management staff and hire new people on a 2 fired-1 new hire basis. Copy in every detail small team design method which Toyota, Honda, and DC use. Those three have a 20-30 man team which is responsible for every design desision in the car from start to finish where has GM shuffles designs between department to department where each department gets to make changes (thus sending it back to the previous department for redesign). This adds alot of wasted effort and slows down the design to production time considerably.

                        DC can get a new car from concept to dealer lot in 18 months and there goal is 15 months for the next product cycle. GM is pushing 24 months. That extra half year costs them big.
                        Try http://wordforge.net/index.php for discussion and debate.

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                        • #27
                          Originally posted by Geronimo
                          Has Saturn been their only successful brand lately?
                          Caddy, Hummer, GMC, and Chevy have all ben profitable. Mostly on the truck business. Buick breaks even while Saab, Holden, Deawoo, Opel/Vauxhall, and Pontiac have been losing money. Deawoo they plan to make money buy rebadging the line up as Chevrolets and selling them in Europe, China, and Latin America. They're more or less merging Saab into Opel/Vauxhall but there European opporations are still plagued with over capacity (just like everyone elses Euro ops) so it won't be profitable soon. Pontiac is going to stay a loser too since it can't sell trucks and GM's car line up blows; the new G6 is a loser (better then the car it replaces but specifications and the feel of the car is just to low to compete in the market) and a nitch market 2 door roadster will not save it.

                          GM's pretty much shot its load for the next four years on new models and other then the newer Caddies and the trucks nothing has been a market success. Caddy is building some nice cars now days but still a step behind Lexus.
                          Try http://wordforge.net/index.php for discussion and debate.

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                          • #28
                            Where are the major American companies that don't have a reputation for evilness or billions in debt?
                            meet the new boss, same as the old boss

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                            • #29
                              What about Little Debbie? That company isn't evil nor is it in debt.

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                              • #30
                                Originally posted by Verto
                                You bought a RAV4?
                                Probability of an Asian chick liking the RAV4 = 92%
                                We the people are the rightful masters of both Congress and the courts, not to overthrow the Constitution but to overthrow the men who pervert the Constitution. - Abraham Lincoln

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