GM

sugarpop · 03-05-2009, 03:29 PM

More bad news...

General Motors Corp on Thursday said its auditors had raised "substantial doubt" about its ability to survive outside bankruptcy if it fails to stem its losses and stop burning cash...
http://www.comcast.net/articles/fina...USINESS-US-GM/

Bullitt · 03-05-2009, 03:49 PM

Survival of the fittest. To survive is to endure and prosper, if you can't tough luck you screwed up somewhere.

lookout123 · 03-05-2009, 05:01 PM

They should have gone into bankruptcy a long time ago. There is no news here.

HungLikeJesus · 03-05-2009, 06:16 PM

That reminds me, I haven't seen tw posting in a long time. I hope he's ok.

classicman · 03-05-2009, 06:52 PM

Quote:

Originally Posted by HungLikeJesus

That reminds me, I haven't seen tw posting in a long time. I hope he's ok.

Last Activity: 03-03-2009

DanaC · 03-05-2009, 06:20 PM

he posted recently didn't he?

Perry Winkle · 03-05-2009, 06:26 PM

Hopefully Amtrak will be next. Competition in rail travel in the US would be nice.

sugarpop · 03-05-2009, 06:42 PM

Quote:

Originally Posted by Perry Winkle

Hopefully Amtrak will be next. Competition in rail travel in the US would be nice.

There is supposedly some high speed rail tracks in the new stimulus or budget or something.

classicman · 03-05-2009, 06:50 PM

Sell off the pieces that are profitable and let the rest go.
Look what we've done to Ford. A company that probably could have taken the bailout money, and didn't. We kept a competitor (or 2) in the market that shouldn't have been there. Seems rather unfair to me.

TGRR · 03-05-2009, 08:15 PM

Dear GM:

Build cars that people want to buy. Get new engineers. Get the UAW under control. Don't show up for a bailout in a private jet.

Yours truly,
TGRRnotbuyingyourshittycars.

sugarpop · 03-07-2009, 12:25 AM

Quote:

Originally Posted by TGRR

Dear GM:

Build cars that people want to buy. Get new engineers. Get the UAW under control. Don't show up for a bailout in a private jet.

Yours truly,
TGRRnotbuyingyourshittycars.

OK, I have a real problem with people who want to beat up on the unions. If everyone's pay had kept pace with inflation over the years, then everyone would have really well-paying jobs like union jobs. The people at the top might not earn as much, but they earn too much anyway, so I wouldn't cry for them.

And, if the genuises at GM hadn't killed the electric car they built during the 90s and the early 2000s, they would be ahead of the game right now. WAY ahead. Corporations should do what Steve Jobs does, focus on a few things and do them very well, instead of spreading themselves thin and being mediocre.

TGRR · 03-07-2009, 12:40 AM

Quote:

Originally Posted by sugarpop

OK, I have a real problem with people who want to beat up on the unions. If everyone's pay had kept pace with inflation over the years, then everyone would have really well-paying jobs like union jobs. The people at the top might not earn as much, but they earn too much anyway, so I wouldn't cry for them.

And, if the genuises at GM hadn't killed the electric car they built during the 90s and the early 2000s, they would be ahead of the game right now. WAY ahead. Corporations should do what Steve Jobs does, focus on a few things and do them very well, instead of spreading themselves thin and being mediocre.

I am not beating up on Unions. I am beating up on ONE union, and it's one that richly deserves it.

xoxoxoBruce · 03-07-2009, 03:14 AM

Oh, why does this one union deserve it?
Because they amount to 10% of the cost of the car?

TGRR · 03-07-2009, 10:57 AM

Quote:

Originally Posted by xoxoxoBruce

Oh, why does this one union deserve it?
Because they amount to 10% of the cost of the car?

Does that include the actual wages of the hourly workers who build the car?

classicman · 03-05-2009, 08:48 PM

Amen - oops too late.

03-05-2009, 03:29 PM	#1
sugarpop Professor Join Date: Nov 2008 Location: the edge of the abyss Posts: 1,947	GM More bad news... General Motors Corp on Thursday said its auditors had raised "substantial doubt" about its ability to survive outside bankruptcy if it fails to stem its losses and stop burning cash... http://www.comcast.net/articles/fina...USINESS-US-GM/

03-05-2009, 03:49 PM	#2
Bullitt This is a fully functional babe lair Join Date: Mar 2004 Location: Akron, OH Posts: 2,324	Survival of the fittest. To survive is to endure and prosper, if you can't tough luck you screwed up somewhere. __________________ Kiss my white Irish ass.

03-05-2009, 05:01 PM	#3
lookout123 changed his status to single Join Date: Apr 2004 Location: Right behind you. No, the other side. Posts: 10,308	They should have gone into bankruptcy a long time ago. There is no news here. __________________ Getting knocked down is no sin, it's not getting back up that's the sin

03-05-2009, 06:16 PM	#4
HungLikeJesus Only looks like a disaster tourist Join Date: Feb 2007 Location: above 7,000 feet Posts: 7,208	That reminds me, I haven't seen tw posting in a long time. I hope he's ok. __________________ Keep Your Bodies Off My Lawn SteveDallas's Random Thread Picker.

03-05-2009, 06:50 PM	#9
classicman barely disguised asshole, keeper of all that is holy. Join Date: Nov 2007 Posts: 23,401	Sell off the pieces that are profitable and let the rest go. Look what we've done to Ford. A company that probably could have taken the bailout money, and didn't. We kept a competitor (or 2) in the market that shouldn't have been there. Seems rather unfair to me. __________________ "like strapping a pillow on a bull in a china shop" Bullitt

03-05-2009, 06:20 PM	#6
DanaC We have to go back, Kate! Join Date: Apr 2004 Location: Yorkshire Posts: 25,964	he posted recently didn't he?

03-05-2009, 06:26 PM	#7
Perry Winkle Esnohplad Semaj Ton Join Date: Feb 2005 Location: A little south of sanity Posts: 2,259	Hopefully Amtrak will be next. Competition in rail travel in the US would be nice.

03-05-2009, 08:15 PM	#10
TGRR Horrible Bastard Join Date: Feb 2009 Location: High Desert, Arizona Posts: 1,103	Dear GM: Build cars that people want to buy. Get new engineers. Get the UAW under control. Don't show up for a bailout in a private jet. Yours truly, TGRRnotbuyingyourshittycars. __________________ What can we do to help you stop screaming?

03-07-2009, 03:14 AM	#13
xoxoxoBruce The future is unwritten Join Date: Oct 2002 Posts: 71,105	Oh, why does this one union deserve it? Because they amount to 10% of the cost of the car? __________________ The descent of man ~ Nixon, Friedman, Reagan, Trump.

03-05-2009, 08:48 PM	#15
classicman barely disguised asshole, keeper of all that is holy. Join Date: Nov 2007 Posts: 23,401	Amen - oops too late. __________________ "like strapping a pillow on a bull in a china shop" Bullitt

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