 General Motors Going Bankrupt?
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Joined: Apr 2008
Posts: 78
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OP
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Joined: Apr 2008
Posts: 78 |
If GM doesn't get it's act together they are on a death watch for heading to bankruptcy for probably the most massive Chapter 11 in history. I can't begin to think of the ripple effect that would bring on the economy.
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Re: General Motors Going Bankrupt?
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Joined: Jun 2008
Posts: 34
Greenhorn
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Greenhorn
Joined: Jun 2008
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Maybe they should start making V8 motorcycles.... or better yet a radial engine motorcycle like this: 
Last edited by TenBears; 07/02/2008 7:54 PM.
Cheers, Sid
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Re: General Motors Going Bankrupt?
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Joined: Jan 2005
Posts: 8,639 Likes: 3
Old Hand
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Old Hand
Joined: Jan 2005
Posts: 8,639 Likes: 3 |
They've been close before but, this time, they don't have Durant or Walter Chrysler to save them. Unfortunately, their current business major management hasn't the sense to call on an engineer to straighten things out.
Let's hope there's intelligent life somewhere in space 'cause it's buggar all down here. -- Monte Python
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Re: General Motors Going Bankrupt?
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Joined: May 2006
Posts: 3,971
Loquacious
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Loquacious
Joined: May 2006
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I don't have a lot of sympathy for the US auto industry.
The way has been paved - quality and reliability will win over the masses.
Does anyone buy a Camry because of it's looks?
Few, I would imagine.
I do realize their pension loads are massive, but that doesn't explain it all.
They've failed to deliver.
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Re: General Motors Going Bankrupt?
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Joined: Nov 2006
Posts: 1,302
Learned Hand
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Learned Hand
Joined: Nov 2006
Posts: 1,302 |
speaking of the ripple effect, the local gm truck plant is down to one shift and will close in less than 2 years. The suppler companies that are also local have laid off their non essential workers too and so on. it doesn't look good here but they don't seem to have any fuel efficient vehicles,(should be a bunch) planned for any of these plants that are closing either.
mike
2006 neon blue speedmaster
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Re: General Motors Going Bankrupt?
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Joined: Jul 2007
Posts: 300
Adjunct
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Adjunct
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g.m.'s legacy is positivey what's killing them. i got a z-71 last year,,great truck,,, but,, 25% of the sale price goes into their legacy. does the old saying "painting yourself into a corner" still any validity?????
some people are like slinkies, they serve no purpose, but, they bring a smile to your face when you push them down the stairs.
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Re: General Motors Going Bankrupt?
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Joined: Apr 2008
Posts: 78
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OP
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Joined: Apr 2008
Posts: 78 |
It would take almost two years to re-tool the truck plants, and the next agreement with the Union is 18 months away. They don't have that much time!
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Re: General Motors Going Bankrupt?
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Joined: Jan 2006
Posts: 7,695 Likes: 22
Monkey Butt
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Monkey Butt
Joined: Jan 2006
Posts: 7,695 Likes: 22 |
They can crash and burn for all I care. They loved NAFTA and built 48 plants in Mexico leaving our workers broke and helpless. They built junk while Toyota and Honda built well. They built out of the country while Toyota used U.S. workers and made money. They pay themselves huge bonuses when they are in the red. They build SUVs!!!!! HELLO!!!!! Does nobody watch trends??
They deserve all the bad things that happen to bad management.
Hmmmm, Hey Mr. Bloor, I am thinking of you now too.
I try to aggravate one person a day. Today may be your day.
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Re: General Motors Going Bankrupt?
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Joined: Apr 2006
Posts: 2,623 Likes: 2
Loquacious
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Loquacious
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Kevin - Luceo Non Uro
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Re: General Motors Going Bankrupt?
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Joined: Feb 2005
Posts: 2,839 Likes: 3
Loquacious
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Loquacious
Joined: Feb 2005
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there are a whole list of reasons the American auto builders are in the trouble they are in, the unions, the government, the enviromentilist, the lack of foresite, design and engineering, and those greedy b-tards at the top looking only for the $$$. here where i live Mr. Roger Smith the x ceo of g.m.( you know, the one that michael moore was looking for) has a house (hahahahahaha can i say mansion), on the beach, he purchased the house next door for 8million and proceeded to tear it down and put exotic fish ponds in where the house was, it wasnt long and he realized the birds were eating his exotic fish so, he ripped them out and put tennis courts in their place. NOW, this is the man who was in charge at G.M and he has 8 and a half million bucks rapped up in tennis courts. can you tell me now why they are in trouble???? 
ENJOY!!!!! NEWT!!!!!
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Re: General Motors Going Bankrupt?
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Joined: Jan 2005
Posts: 6,821
Bar Shake
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Bar Shake
Joined: Jan 2005
Posts: 6,821 |
Quote:
They can crash and burn for all I care. They loved NAFTA and built 48 plants in Mexico leaving our workers broke and helpless. They built junk while Toyota and Honda built well. They built out of the country while Toyota used U.S. workers and made money. They pay themselves huge bonuses when they are in the red. They build SUVs!!!!! HELLO!!!!! Does nobody watch trends??
They deserve all the bad things that happen to bad management.
Hmmmm, Hey Mr. Bloor, I am thinking of you now too.
+1 
Contra todo mal, mezcal; contra todo bien, también
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Re: General Motors Going Bankrupt?
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Joined: Jan 2005
Posts: 6,821
Bar Shake
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Bar Shake
Joined: Jan 2005
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Quote:
One word. Unions.
Contra todo mal, mezcal; contra todo bien, también
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Re: General Motors Going Bankrupt?
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Joined: Aug 2007
Posts: 10,730 Likes: 6
Should be Riding
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Should be Riding
Joined: Aug 2007
Posts: 10,730 Likes: 6 |
you can thank unions for the 8 hour work day, the 40 hour week and be thankful that your kids are not working at 10 years old because of unions. I consider myself to be lucky to be in a union that looks after my best interests, and I know that when I retire I will receive a pension because it was actually set aside, and not just promised to me by some corporate slob in a suit who took the money and ran. Greedy corporate pricks are the reason they go bankrupt, anything less than 100% profit is a loss in their minds. Dammit, now I have to go to bed pisst off
Always remember to be yourself. Unless you suck. Then pretend to be someone else.
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Re: General Motors Going Bankrupt?
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Joined: Mar 2006
Posts: 688
Adjunct
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Adjunct
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Bla bla bla bla bla. 
She's a Lady and the Lady is 100% mine !
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Re: General Motors Going Bankrupt?
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Joined: Jan 2005
Posts: 7,630 Likes: 7
Monkey Butt
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Monkey Butt
Joined: Jan 2005
Posts: 7,630 Likes: 7 |
Quote:
you can thank unions for the 8 hour work day, the 40 hour week and be thankful that your kids are not working at 10 years old because of unions. I consider myself to be lucky to be in a union that looks after my best interests, and I know that when I retire I will receive a pension because it was actually set aside, and not just promised to me by some corporate slob in a suit who took the money and ran. Greedy corporate pricks are the reason they go bankrupt, anything less than 100% profit is a loss in their minds. Dammit, now I have to go to bed pisst off
I always been amazed at how much labor unions give themselves credit for. I’m expecting them to say they wrote the Bill Of Rights and the Mayflower Compact, that they invented the wheel, fire and rock and roll. I’m sure, considering their record, they were behind Lindberg’s flight, Paul Revere’s ride and the voyages of Columbus. To hear them tell it, without unions the US would be a giant sweat shop looking back fondly to the days when Dickens wrote of a relative Eden. My brother is a big union guy and hates it when I ask him to back up his claims with a little fact. They’ve built up a myth that they’ve repeated so many times they’ve come to believe it.
We all like to think of ourselves as rugged individualists. But when push comes to shove most of us are sheep who do what we are told. Worst of all, a lot of us become unpaid agents of whoever is controlling the agenda by enforcing the current dogma on the few rugged individualists who actually exist.
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Re: General Motors Going Bankrupt?
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Joined: Jan 2005
Posts: 12,164 Likes: 1
Should be Riding
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Should be Riding
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Re: General Motors Going Bankrupt?
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Joined: Jan 2005
Posts: 6,821
Bar Shake
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Bar Shake
Joined: Jan 2005
Posts: 6,821 |
Quote:
Quote:
you can thank unions for the 8 hour work day, the 40 hour week and be thankful that your kids are not working at 10 years old because of unions. I consider myself to be lucky to be in a union that looks after my best interests, and I know that when I retire I will receive a pension because it was actually set aside, and not just promised to me by some corporate slob in a suit who took the money and ran. Greedy corporate pricks are the reason they go bankrupt, anything less than 100% profit is a loss in their minds. Dammit, now I have to go to bed pisst off
I always been amazed at how much labor unions give themselves credit for. I’m expecting them to say they wrote the Bill Of Rights and the Mayflower Compact, that they invented the wheel, fire and rock and roll. I’m sure, considering their record, they were behind Lindberg’s flight, Paul Revere’s ride and the voyages of Columbus. To hear them tell it, without unions the US would be a giant sweat shop looking back fondly to the days when Dickens wrote of a relative Eden. My brother is a big union guy and hates it when I ask him to back up his claims with a little fact. They’ve built up a myth that they’ve repeated so many times they’ve come to believe it.
Yep, if ya can't beat the facts, set up a straw man 
Contra todo mal, mezcal; contra todo bien, también
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Re: General Motors Going Bankrupt?
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Joined: Jan 2005
Posts: 6,821
Bar Shake
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Bar Shake
Joined: Jan 2005
Posts: 6,821 |
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http://www.squidoo.com/AntiUnion
Now that's a funny web site Soren.
Set up by corporate fat cats trying to say that human nature has changed and if employees were unable to organize, it would be okay.
Contra todo mal, mezcal; contra todo bien, también
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Re: General Motors Going Bankrupt?
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Joined: Aug 2007
Posts: 380
Adjunct
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Adjunct
Joined: Aug 2007
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in the early 1900s the auto industry purchased ALL the cable cars through out the USA but 1 in San Fransisco so ppl would buy there cars. lobbiest in DC has killed higher millage cars and other means of transportation. can u say full circle! 
Last edited by oregonrider; 07/03/2008 1:02 AM.
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Re: General Motors Going Bankrupt?
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Joined: Feb 2005
Posts: 20,096 Likes: 2
Fe Butt
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Fe Butt
Joined: Feb 2005
Posts: 20,096 Likes: 2 |
Well, not exactly Scott. True, GM did purchase many of the electrically operated tolleys and rail services in many american cities, starting this buying process in earnest during the immediate post-war years. However, many if not most of these rail lines were beginning a long and torturous decline into red ink, because many of their riders were now beginning to move to the suburbs where rail lines did not exist. And thus, it became more convenient for these commuters to buy an automobile for their transportation needs.
But yes, after buying up these electric rail right-of-ways, GM didn't exactly go out of their way to upgrade or update this service, and found it more profitable all the way around by replacing those systems with their buses.
Last edited by Dwight; 07/03/2008 2:39 AM.
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Re: General Motors Going Bankrupt?
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Joined: Aug 2006
Posts: 2,555
Loquacious
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Loquacious
Joined: Aug 2006
Posts: 2,555 |
Quote:
One word. Unions.
2 words. bull sh...
The percentage you're paying is too high-priced
While you're living beyond all your means
And the man in the suit has just bought a new car
From the profit he's made on your dreams
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Re: General Motors Going Bankrupt?
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Joined: Jan 2005
Posts: 255
Adjunct
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Adjunct
Joined: Jan 2005
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I make 5 bucks an hr. over union scale just so the boss dont have to put up with some fat ****** that keeps his job for time put in instead of production put out...everybody should earn the bucks
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Re: General Motors Going Bankrupt?
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Joined: Aug 2006
Posts: 2,555
Loquacious
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Loquacious
Joined: Aug 2006
Posts: 2,555 |
Quote:
I always been amazed at how much labor unions give themselves credit for. I’m expecting them to say they wrote the Bill Of Rights and the Mayflower Compact, that they invented the wheel, fire and rock and roll. I’m sure, considering their record, they were behind Lindberg’s flight, Paul Revere’s ride and the voyages of Columbus. To hear them tell it, without unions the US would be a giant sweat shop looking back fondly to the days when Dickens wrote of a relative Eden. My brother is a big union guy and hates it when I ask him to back up his claims with a little fact. They’ve built up a myth that they’ve repeated so many times they’ve come to believe it.
3 words. More bull sh...
The percentage you're paying is too high-priced
While you're living beyond all your means
And the man in the suit has just bought a new car
From the profit he's made on your dreams
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Re: General Motors Going Bankrupt?
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Joined: Jul 2007
Posts: 6,060 Likes: 6
Worn Saddle
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Worn Saddle
Joined: Jul 2007
Posts: 6,060 Likes: 6 |
Quote:
Quote:
I always been amazed at how much labor unions give themselves credit for. I’m expecting them to say they wrote the Bill Of Rights and the Mayflower Compact, that they invented the wheel, fire and rock and roll. I’m sure, considering their record, they were behind Lindberg’s flight, Paul Revere’s ride and the voyages of Columbus. To hear them tell it, without unions the US would be a giant sweat shop looking back fondly to the days when Dickens wrote of a relative Eden. My brother is a big union guy and hates it when I ask him to back up his claims with a little fact. They’ve built up a myth that they’ve repeated so many times they’ve come to believe it.
3 words. More bull sh...
I'd love to jump in here with some stuff, but I think it would be pointless. But I will say this much, and not a penny more. Any serious study of the labar movement and corporate business practices during the 19th century would support the efforts of the labor unions, even with their attendant evils. I personally think that GM could think their way out of this minor blip by hiring a couple hundred more vice presidents.
Fidelis et Fortis
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Re: General Motors Going Bankrupt?
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Joined: Apr 2006
Posts: 2,623 Likes: 2
Loquacious
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Loquacious
Joined: Apr 2006
Posts: 2,623 Likes: 2 |
Unions are the domains of losers. Period.
Building cars ain't working in a coal mine in the 19th century.
The UAW helped destroy US automakers with ridiculous demands over the years. And the union leadership lines their pockets.
I work in a white-collar joint where union membership is optional. The union survives with fear tactics and serves to protect the incompetent & lazy. There's only a small window every year that you can withdraw from the union and good luck trying to reach them those days. Bastages!
Are the Toyota, Honda and Hyundai plants in the USA unionized?
Last edited by Speedmaster05; 07/03/2008 6:26 AM.
Kevin - Luceo Non Uro
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Re: General Motors Going Bankrupt?
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Joined: Jan 2005
Posts: 7,630 Likes: 7
Monkey Butt
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Monkey Butt
Joined: Jan 2005
Posts: 7,630 Likes: 7 |
Quote:
Quote:
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you can thank unions for the 8 hour work day, the 40 hour week and be thankful that your kids are not working at 10 years old because of unions. I consider myself to be lucky to be in a union that looks after my best interests, and I know that when I retire I will receive a pension because it was actually set aside, and not just promised to me by some corporate slob in a suit who took the money and ran. Greedy corporate pricks are the reason they go bankrupt, anything less than 100% profit is a loss in their minds. Dammit, now I have to go to bed pisst off
I always been amazed at how much labor unions give themselves credit for. I’m expecting them to say they wrote the Bill Of Rights and the Mayflower Compact, that they invented the wheel, fire and rock and roll. I’m sure, considering their record, they were behind Lindberg’s flight, Paul Revere’s ride and the voyages of Columbus. To hear them tell it, without unions the US would be a giant sweat shop looking back fondly to the days when Dickens wrote of a relative Eden. My brother is a big union guy and hates it when I ask him to back up his claims with a little fact. They’ve built up a myth that they’ve repeated so many times they’ve come to believe it.
Yep, if ya can't beat the facts, set up a straw man
I’m sorry, I guess I forgot that only you and Dwight are allowed to be sarcastic.
We all like to think of ourselves as rugged individualists. But when push comes to shove most of us are sheep who do what we are told. Worst of all, a lot of us become unpaid agents of whoever is controlling the agenda by enforcing the current dogma on the few rugged individualists who actually exist.
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Re: General Motors Going Bankrupt?
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Joined: Feb 2005
Posts: 20,096 Likes: 2
Fe Butt
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Fe Butt
Joined: Feb 2005
Posts: 20,096 Likes: 2 |
Quote:
Quote:
Quote:
Quote:
you can thank unions for the 8 hour work day, the 40 hour week and be thankful that your kids are not working at 10 years old because of unions. I consider myself to be lucky to be in a union that looks after my best interests, and I know that when I retire I will receive a pension because it was actually set aside, and not just promised to me by some corporate slob in a suit who took the money and ran. Greedy corporate pricks are the reason they go bankrupt, anything less than 100% profit is a loss in their minds. Dammit, now I have to go to bed pisst off
I always been amazed at how much labor unions give themselves credit for. I’m expecting them to say they wrote the Bill Of Rights and the Mayflower Compact, that they invented the wheel, fire and rock and roll. I’m sure, considering their record, they were behind Lindberg’s flight, Paul Revere’s ride and the voyages of Columbus. To hear them tell it, without unions the US would be a giant sweat shop looking back fondly to the days when Dickens wrote of a relative Eden. My brother is a big union guy and hates it when I ask him to back up his claims with a little fact. They’ve built up a myth that they’ve repeated so many times they’ve come to believe it.
Yep, if ya can't beat the facts, set up a straw man
I’m sorry, I guess I forgot that only you and Dwight are allowed to be sarcastic.
THAT'S RIGHT, Larry!
(and don't you forget it EITHER!!!)
(oh...and I ALSO have a patent on the overuse of the parenthetical AND the uppercase TOO...so don't forget THAT either!!!)
Yep! Just like a good Single Malt Scotch, you might call me "an acquired taste" TOO.(among the many OTHER things you may care to call me, of course)
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Re: General Motors Going Bankrupt?
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Joined: Feb 2005
Posts: 20,096 Likes: 2
Fe Butt
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Fe Butt
Joined: Feb 2005
Posts: 20,096 Likes: 2 |
And I forgot to say that I'd like to put my two cents in this Union thing here, but MY Union has put me on probation because they felt that I was showin' up everybody else by workin' much too hard to find the absurdist joke in everything!!!
(AND they said I was ALSO p*ssin' off The Management TOO)
Last edited by Dwight; 07/03/2008 12:38 PM.
Yep! Just like a good Single Malt Scotch, you might call me "an acquired taste" TOO.(among the many OTHER things you may care to call me, of course)
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Re: General Motors Going Bankrupt?
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Joined: Feb 2005
Posts: 20,096 Likes: 2
Fe Butt
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Fe Butt
Joined: Feb 2005
Posts: 20,096 Likes: 2 |
Okay! And now BACK to GM's woes here.....
I tend to agree with Greybeard's assessment on this. Once the so-called "Car Guys" turned the operation over to the "Bean Counters" around the early 1970s, in order to pacify the shareholders concerns about their SHORT TERM quarterly profits, often going the diversification route instead of reinvesting in their core product(a very "american" business mindset, ya know), it's been a steady downhill plummet towards mediocracy.
(at least, that's MY, and I think GB's, take on this whole debacle anyway)
Last edited by Dwight; 07/03/2008 12:59 PM.
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Re: General Motors Going Bankrupt?
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Joined: Aug 2006
Posts: 2,555
Loquacious
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Loquacious
Joined: Aug 2006
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Quote:
Okay! And now BACK to GM's woes here.....
I tend to agree with Greybeard's assessment on this. Once the so-called "Car Guys" turned the operation over to the "Bean Counters" around the early 1970s(to pacify the shareholders concerns about their SHORT TERM quarterly profits, a very "american" business mindset, ya know), it's been a steady downhill plummet towards mediocracy.
(at least, that's MY, and I think GB's, take on this whole debacle anyway)
+1
My company right now is sliding into the abyss thanks mainly to the clueless bean counters that now run the
joint.
oh and its NOT A UNION shop, so you anti labor elitists throw your bull sh.. on somthing else.
Last edited by oneijack; 07/03/2008 1:04 PM.
The percentage you're paying is too high-priced
While you're living beyond all your means
And the man in the suit has just bought a new car
From the profit he's made on your dreams
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Re: General Motors Going Bankrupt?
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Joined: Jan 2005
Posts: 6,681 Likes: 1
Bar Shake
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Bar Shake
Joined: Jan 2005
Posts: 6,681 Likes: 1 |
I don't need no freakin union. I'm a public servant and work for the state.
"Catching a yellow jacket in your shirt at seventy miles per hour can double your vocabulary" Author unknown
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Re: General Motors Going Bankrupt?
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Joined: Feb 2005
Posts: 20,096 Likes: 2
Fe Butt
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Fe Butt
Joined: Feb 2005
Posts: 20,096 Likes: 2 |
Ya know Jackson, while I mostly agree with you here, AND while I know that last line o' yours was not directed towards me personally, I sure wish people would STOP bandying around the term "elitist" in this friggin' undereducated country!!!
Because, the term "elitist" does NOT ONLY mean someone who thinks they are superior in their intellectual abilities or some other pursuits, but ALSO MEANS that because they feel this way they deserve some special social priviledges or some favored status in the world.(at least according to my "American Heritage Dictionary of the English Language", anyway)
And I haven't as of yet seen anybody in this thread propose that any class of people here "deserve any preferential treatment" in any manner whatsoever. Though, I have seen a whole lot o' people(myself included)say in essence, "It's that other guy's fault!", here.
And sooooo, I invite you to be among the vanguard of Americans who will start using this word(and MAYBE a "few" of the other words in our glorious language) correctly.
(now I hope that didn't "hurt too badly" there, because the above was NOT MEANT FOR YOUR EYES ONLY, ya know!!!)
Last edited by Dwight; 07/03/2008 3:01 PM.
Yep! Just like a good Single Malt Scotch, you might call me "an acquired taste" TOO.(among the many OTHER things you may care to call me, of course)
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