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205 Comments
- inactive, on 07/11/2009, -13/+90So do they have a new line of electric, hydrogen, or fuel cell cars that I am not seeing? The only thing that changed with this bankruptcy is the US taxpayers and GM shareholders got sexually assaulted in the anal cavity.
- Doubledown, on 07/11/2009, -9/+51Who here thinks Government Motors will make a profit???? They will do just as good a job on GM as they did for Amtrak or the Post Office
The very definition of insanity is doing the same thing over and over and expecting different results - neonoodle, on 07/11/2009, -4/+43The cold war's over. Get over it, comrade.
- DirtyVicar, on 07/11/2009, -3/+37Wait, CEO Fritz Henderson was vice president and CFO of GM from 2006-2009... someone please tell me why it's a good idea to put the crew of the sinking ship back on the bridge.
- WolfnArmour, on 07/11/2009, -7/+34Actually a lot of things changed, GM is reducing its eight U.S. brands to four — Chevrolet, Cadillac, Buick and GMC. It wasn't able to do this earlier due to being legally tied down by it's franchise agreements with the car dealerships, the reason this was impossible before was state laws protected the franchisee, the "little man". The only way for GM to get out of these contracts would be to pay back all the money the car dealer paid for the franchise agreement, which is more costly than to just keep producing these mediocre car lines. So imagine, having some ***** car that produces no profits but being unable to discontinue this line due to the fact that it would cost to much. There's also legacy costs, the amount of money GM pays each retired worker, similar to the problem facing state governments, the cost is so high, it eats profits like crazy, but the unions make it impossible to change. Hopefully the bankruptcy changed this, but I haven't read about it yet.
And then there's also the fact the GM got lazy and arrogant and decided it was to powerful to be hurt, and kept producing the same ***** cars, year after year, while Honda and Toyota came out with more efficient, superior vehicles. So why yes, I agree with you on the fact the GM needs to innovate, I do think you are wrong the the outcome of the bankruptcy. - fyreboltx, on 07/11/2009, -3/+24Instead of talking about making a profit, how about paying back all those loans which were supposed to allow GM to avoid bankruptcy?
I'm sorry but I just don't think GM will be profitable in the long run. - theaceoface, on 07/11/2009, -4/+21Gm hasn't fixed it rigid top down management problems
they haven't fixed their unproductive workforce problems
So they haven't really become that much more competitive. I don't want to completely downplay the restructuring, there is a lot they did, but really the only reason they survived is because the government decided to make sure they did. So now we have the same bad company but subsidized by the government - setabs, on 07/11/2009, -5/+19Scary less then 10% of the company will be held by the old owners. The rest belonging to the union, U.S. Govt. and Canadian Govt..
Just sad. - Shiftgood, on 07/11/2009, -5/+19you're a lunatic.
- DonAlfred, on 07/11/2009, -3/+17Too big to fail. That's how we do business in the US. Bigger is better.
- sockpuppets, on 07/11/2009, -5/+19The very definition of insanity is doing the same thing over and over and expecting different results
- Twirex, on 07/11/2009, -3/+17The very definition of insanity is doing the same thing over and over and expecting different results
- mjk340, on 07/11/2009, -3/+17The very definition of insanity is doing the same thing over and over and expecting different results
- Buelldozer, on 07/11/2009, -0/+13No, and neither does any other major manufacturer...and NO Tesla is not a "Major Manufacturer".
- nudedos, on 07/11/2009, -4/+17Suuuuuurreeeeeee.
- jdames1980, on 07/11/2009, -10/+23It's been 40 days. Give them a chance before you judge them. I mean sure, their history hasn't been great and I have my doubts that they will really change, but at least give them some time.
- DickyT83, on 07/11/2009, -1/+14They do have the Chevy Volt coming out in 2010.
- PhantomZmoove, on 07/11/2009, -5/+17You don't have to give it to them. That is the point to this whole deal. Enough people already decided to stop giving them money. (buying products) Now we are just forced to give them cash, except this time we don't even get a car to show for it.
- BinaryFragger, on 07/11/2009, -3/+14Now that the union owns part of the company (17.5%), I wonder how it'll affect contract negotiations.
UAW: Here is our massive list of unreasonable and greedy demands.
UAW/GM: Yeah whatever.
UAW: That's it, we're going on strike... oh wait... - earthwormzim, on 07/11/2009, -3/+14When losing their own money isn't enough of an incentive to run their business efficiently...who thinks putting taxpayers' money on the line is going to incentivize them any better?
- Mankind121, on 07/11/2009, -2/+13I think those people didn't want it to become an 'investment' to begin with
- neonoodle, on 07/11/2009, -4/+14Unless you were born in some unknown jungle and survived solely by the sweat of your brow in that darkest of places, you have benefited from social services your whole life. You wouldn't have your job if you didn't go to a school subsidized by your neighbors. You wouldn't even be able to get to your job if you didn't have a subsidized road that leads right to it's doorstep. The job wouldn't be there if they didn't have an inexpensive post office that will deliver their business letters at a reasonable rate to any destination in the US. Your home and workplace is being protected from fire by subsidization. We live in a subsidized world built by our grandfathers and great grandfathers before them, and we're adding to that world through our own work. Don't give me some ***** on whether my children will want to subsidize some car manufacturer - they will be doing it in some form or fashion for their whole lives as well. That's the price we pay for living in civilized society. These huge corporations who are too big to fail are only in existence not because the owners are the hardest working people on the planet, but because they've lobbied for subsidization for years, either through tax breaks or loopholes or whatever. There is no free market. As such, I'd rather have all of those subsidies out in the open and under the control of people that I put into power through my vote. I know, what a radical ***** concept.
- Richandler, on 07/11/2009, -1/+10No one is going to buy that $40,000 vehicle.
- SScottAZ, on 07/11/2009, -0/+9Healthcare costs $8,000 to $10,000 per employee and rising. This is a big part of every US businesses' problems.
Only when we get employers out of the healthcare business will the US job market open up.
Relying on your boss for healthcare and never seeing a doctors bill yourself is not much of a free market. - inactive, on 07/11/2009, -4/+13Dear GM,
Your vehicles are big, worthless gas-guzzling pieces of *****
Nobody wants them. We have to eat.
Signed,
a 99%-er - Y0tsuya, on 07/11/2009, -1/+10The bondholders got royally screwed too. They got 13 cents on the dollar for their money. The only ones who came out ahead were the UAW who got 66 cents on the dollar, and the US government who received a majority stake in GM.
- Mankind121, on 07/11/2009, -1/+9Great news, now they'll be back to accepting government aid in no time
- inactive, on 07/11/2009, -17/+25I will never give another penny of my money to that POS company. ***** Government Motors!
- buzaman, on 07/11/2009, -4/+12But I though a GM bankruptcy was going to end the world? Or was that just the propaganda line 5-6 months ago. More looting please!
- rheaume, on 07/11/2009, -2/+9Yeah it really take a month or so to design revolutionary line of ***** vechicles. Are people really this ***** stupid or is this the internet's version of candid camera?
- S1ngular1ty1, on 07/11/2009, -0/+7There is no infrastructure to support hydrogen or fuel cell cars outside of major metropolitan areas. Most of the country can not use these cars. Get a clue.
- bdbr, on 07/11/2009, -0/+7Debts have to be paid before making a profit, so its all part of the same bottom line. "It will generate cash and repay billions in government loans ahead of a 2015 deadline."
- Buelldozer, on 07/11/2009, -6/+12You are an idiot then. They both make some fine vehicles.
- Doubledown, on 07/11/2009, -1/+7if you let GM shut down, do you honestly think that the people who design and engineer cars won't form their own companies, creating more competition while having to make 1-2 solid cars that people will buy????
How is that bad for the country??? - bdbr, on 07/11/2009, -7/+13I think its funny how many taxpayers, with a vested interest in GM, want it to fail just out of spite. Do you want all your other investments to fail, too?
- alappat1, on 07/11/2009, -2/+8They should have gotten someone from Toyota as a CEO or one of the top officers, those guys would rip into the faults of the company and get things ship shape pretty quick. Having someone from a successful company will allow for some introspection at a high level
- MattyDienhoff, on 07/11/2009, -0/+6And this is important... why, exactly?
Since when is the amount of money a car manufacturer spends on developing hybrids a primary indicator of how innovative they are? Hybrids a joke. GM failed for a lot of different reasons, but that they failed to embrace hybrids (or were at least late to do so) isn't a significant one.
Recommended reading:
http://www.dogandlemon.com/media/General%20Comment ... - axiomata, on 07/11/2009, -0/+6Too late.
I think you mean "they will not see a penny of my freely given money". - Doubledown, on 07/11/2009, -1/+7but then your taxes have to go up because those cars would be subsidized... hence, you will be paying for cars that you would never own
- BinaryFragger, on 07/11/2009, -1/+6You mean like the Chevrolet Aveo built in South Korea? Or the Chevrolet Camaro engineered in Australia and built in Canada? Or how about the Chevrolet HHR built in Mexico?
It's a shame to see all those foreign cars on American roads, like the Ohio-built Honda Accord, the Alabama-built Mercedes-Benz M-Class, the Texas-built Toyota Tundra, or the South Carolina-built BMW X5. - neonoodle, on 07/11/2009, -3/+8That fine for me. I've already subsidized a war that I didn't want, I might as well subsidize some cars that I do.
- kefkaantakrist, on 07/11/2009, -1/+6We actually have a pretty good post office. Granted, they do have to get congressional approval to raise rates. But, last I heard on the subject, they received no government money and were completely self-funded.
Amtrak on the other hand? I was looking at traveling from Indianapolis to San Diego and Amtrak would have taken a lot longer and cost about as much as flying. - Rantus, on 07/11/2009, -3/+8You guys are ***** retards. GM manufactures VEHICLES you bunch of childish *****. But you act like they make computer parts or something. Do you have any idea how complex it is to manufacture items like that on that kind of scale? And do you know what that means? That means that all you dickwads whining about the measily amount of money you had to pay in taxes that went towards GM's loans is reason for you to never buy another GM car ever again regardless of innovation or build quality. This after the banks caused the problem in the first place and robbed (and are still robbing) everyone blind.
I hope that none of you really have any serious responsibilities in your lives because you are all completely full of ***** and demonstrate the mentality of pre-pubescent teenagers. - inactive, on 07/11/2009, -0/+5what you guys - I voted against every single incumbent
- Stap1eGun, on 07/11/2009, -2/+7A plug in hybrid has been mass-produced before?
- digitaldivinci, on 07/11/2009, -0/+5Richandler, the estimated cost will be 32,500 after a government tax credit, but you are right it will be 40K even before paperwork.
- inactive, on 07/11/2009, -1/+6that was a hundred years ago bro.
- Stap1eGun, on 07/11/2009, -0/+4The EV1 is not the same as the Volt though. The EV1 was not a "huge hit" they only produced a somewhere near 1000 of them, and their range was not good, and if you're battery was low you had to find a place to charge. The Volt can be fueled from a gas station if you aren't near your house so it really doesn't have a range, it merely costs a little more to fuel it if you don't have a place to charge. Even then, it gets like 60 mpg I believe.
- Richandler, on 07/11/2009, -0/+4All for jobs right? Do you know what jobs are for? Ever heard the term waste of resources?
- ChileanGoD, on 07/11/2009, -1/+5*stand ovation* for neonoodle
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