Pontiac may be dead by monday..

[camarojoe]

In regards to the 97-02 Camaro/Firebird...bottom line is that if the car was making them any money they wouldn't have killed it. Whatever the reason it wasn't making them any money can be argued all day, but the fact remains that if it was profitable it would not have been killed. I worked part time at a Pontiac dealer in 98-02, and Trans Ams/Firebirds sat on the lot a LONG time before they were ever sold, and half the time they were just dealer traded to someone else. Sure they were cool, but no one actually bought any. Same fate will come of the new Camaro within a few years I'm afraid....if it even makes it that long.

I'm a die hard Chevy/GM guy, and have been all my life, but I'd buy a 6 speed Challenger R/T tomorrow if I had the coin. To say this car is not direct competition with the Camaro and Mustang is rediculous. Not only is it competition for unbiased consumers, but its also cool enough to convert lifelong Ford/Chevy guys to go Mopar.

[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???