Re: RIP GM


"F. George McDuffee" <gmcduffee@xxxxxxxxxxxxxxxxxxxxxx> wrote in message
news:m7ke259gjf1hm4jf0f2eog2p9gi76csll9@xxxxxxxxxx
On Wed, 03 Jun 2009 21:16:06 -0700, brewertr@xxxxxxx wrote:

On Wed, 03 Jun 2009 22:43:58 -0500, F. George McDuffee
<gmcduffee@xxxxxxxxxxxxxxxxxxxxxx> wrote:

A film clip of interest about the new 2011 GM cars.

Unka' George [George McDuffee]

Didn't they say they didn't want to interfere with auto company
operations? Short lived promise it seems.

http://www.washingtonpost.com/wp-dyn/content/article/2009/06/03/AR2009060303877.html
========
You are aware this is a spoof?

FWIW -- Not wanting to interfere and having to interfere are 2
very different things.

If there had been a general "housecleaning" where the existing
directors, officers and cadre management had been terminated as
part of the bk process, for having driven the bus over the cliff
in the first place, there might be some hope for "hands off" and
"management by exception," but if the existing management is so
good at their jobs, why did their companies go bust?

As it is, all we can expect is "more of the same only better,"
and "business as usual." "When you always do what you have
always done, you will always get what you always got."


Let's review history for a minute here.
When gasoline hit $4.00 plus per gallon, You couldn't get a Prius Hybrid
without paying a 25 percent premium and even then the wait was long. Honda,
Toyota, Hyundai, Smart, Lexus, Aptera, Tesla and a host of others all had
either all electric or Hybrids for sale during this period. The Roewe 750
Hybrid made it's debut in China at this time.


General Motors, the company that had Hybrid (Stirling/Electric) vehicles
under test as long ago as 1969

http://www.treehugger.com/files/2009/05/gm-hybrid-car-ad-1969-stirling-engine.php
http://www.treehugger.com/files/2008/09/1969-gm-hybrid.php

and leased units (EV1) in the field in 1999 which they destroyed at the end
of the lease cycle
http://www.greencar.com/articles/20-truths-gm-ev1-electric-car.php

was losing one billion dollars per month on operations, didn't have a Hybrid
car for sale at all and was losing $2,500.00 per vehicle on the gasoline
powered models they did build that got great gas mileage and for which there
was demand. GM did, however, make their 2008 Tahoe, Yukon, Sierra and
Silverado models avaliable as a V8 Hybrids and Saturn had their half assed
AURA model.

For 2009, GM's Hybrid capacity doesn't exist at all.because they aren't
building vehicles of any sort. Not really anyway.
Ford, Honda, Lexus, Saturn, Mercury, Aptera, Fisker, Bright and Phoenix
MotorCars all have Hybrids in production, many are plug in Hybrids while GM
has staked its future on the Cheverolet Volt, a vehicle that has everything
except the electromotive force needed for it to be built and will have to
compete with thns like the 2009 Nissan Cube for market share.

Finally, GM makes money in every market but North America. Their Chinese
sales are both growing and profitable. Holden and Opel are solid companies


Given all of that, GM ought to be able to save themselves by simply pulling
out of North America after having dumped their baggage in Federal Bankruptcy
Court. Vehicle sales are down so there would be a tough year or two but so
what.

Someone please explain to me why the American taxpayer ought to go on the
hook to the tune of $50 Bn to delay GM's second and possibly third trip
through the courts.

JC


.

Relevant Pages

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