Pontiac may be dead by monday..

[Dayton]

I read where GM is going to idle their plants for 9 weeks this summer. The employees will draw unemployment. The difference between unemployment and the employees regular paycheck will be made up by GM, What the hell?? No wonder this company is circling the drain. Once upon a time, GM was the largest corporation in the World!

[The Dude]

[ QUOTE ]
I read where GM is going to idle their plants for 9 weeks this summer. The employees will draw unemployment. The difference between unemployment and the employees regular paycheck will be made up by GM, What the hell?? No wonder this company is circling the drain. Once upon a time, GM was the largest corporation in the World!

[/ QUOTE ]

Know, what THEY STILL ARE!! THEY STILL MAKE THE MOST VEHICLES IN THE WORLD TODAY!!!

Toyota has temporarily idled many of their plants here in the US. Know what they did with the workforce? PAID THEM NOT TO WORK. Yes, when the San Antonio TX plant was idled for three months last year Toyota paid the workers not to work. In Japanese culture it is forbidden to lay off a permanent team member. You are employed for life, no matter how bad the market or economy gets. Imagine the UAW demamding that here in the states.

[Dayton]

[ QUOTE ]
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GM was the largest corporation in the World!

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Know, what THEY STILL ARE!! THEY STILL MAKE THE MOST VEHICLES IN THE WORLD TODAY!!!

[/ QUOTE ]


When I said they "used to be the largest corporation in the world", I'm not talking about cars produced, I'm talking about "market cap". As of close on friday, GM's market cap was $1.03 billion. Is any company that is only worth $1.03 in billion market cap, and declining, worth losing many billions of dollars a month for several years trying to save???