GM Deathwatch

[70 copo]

This is a great read.... Guy nails it to the wall. Starts kind of slow but well worth the 2 minutes you will spend to have a look. Be sure to read down to the part where he trys to buy his lease- Priceless....

Here: http://foxforum.blogs.foxnews.com/20...d-foreign-car/

[PeteLeathersac]

The above link if all true is a perfect example that nicely sums up how GM has allowed their loyal customer base to erode...and foolishly continues to do so!.

I can't help but keep thinking of how this whole GM thing parallels the old children's rhyme Humpty-Dumpty...the last line especially so!.
Try Substituting General Motors for Humpty and saying it a couple o' times yourself..




~ Pete

[PeteLeathersac]

A deal for GM to unload Saab has been announced now too..

http://en.autos.sympatico.msn.ca/new...entid=20436005


~ Pete

[PeteLeathersac]

GM cuts Nascar budgets...

http://www.oncars.com/news-blogs/sto...p-NASCAR-Teams

[PeteLeathersac]

Lear files for Chapter 11...

http://finance.sympatico.msn.ca/inve...entid=20670915


~ Pete

[PeteLeathersac]

Looks like Magna's bid for Opel isn't solid yet as this competitive bid from the Chinese is being considered too?.

http://finance.sympatico.msn.ca/inve...entid=20672451


~ Pete

[70 copo]

Proposed House Bill Would Force GM, Chrysler to Reopen Dealers....

Trouble with the link so here is the cut and paste:

Thursday, July 09, 2009


Print ShareThisWASHINGTON — A House panel Tuesday night voted to require General Motors and Chrysler to restore franchise agreements with their dealers despite their dire financial condition.

The Appropriations Committee approved by voice vote a plan by Rep. Steve LaTourette, R-Ohio, to effectively force the two automakers to restore their prior franchise agreements with dealers as a condition of being partially owned by the U.S. government as they work their way through bankruptcy proceedings. The move came as the panel approved a spending bill to fund the Treasury Department and White House operations, among other programs.

Both General Motors Corp. and Chrysler LLC cut loose numerous dealers in cost-cutting moves, and many lawmakers are sympathetic since dealers are often leaders of local business communities. Many dealers have made recent investments only to be axed by the companies.

LaTourette said the companies were running roughshod over dealers and are skirting state franchise laws. Democratic Appropriations Chairman David Obey pressed for LaTourette's amendment, citing "legitimate concerns from a doggone good" car dealer in his northwestern Wisconsin district.

The plan faces uncertain prospects but reflects widespread sympathy for dealers among lawmakers in both parties.....

[Chateau Slate 66]

Typical government. Force GM to reopen unprofitable dealerships to keep their voter base, then slam GM leadership for losing more money.

Marketing the new Camaro to gay men, now this on top of everything else... you couldn't make it up if you tried.

Don't they realize that it is their constant turmoil that is hurting GM and Chrysler's bid to sell more cars? I wouldn't buy either brand until the smoke clears for a while and I know many others that feel the same way.

[70 copo]

Could be good news. I will bet the "tell Fritz" website gets some use.

Here: http://www.foxnews.com/story/0,2933,531369,00.html?
test=latestnews


AP


July 9: The General Motors headquarters is seen in Detroit.
DETROIT — The new General Motors will be far faster and more responsive to customers than the old one, and it will make money and repay government loans faster than required, CEO Fritz Henderson said Friday as the company emerged from bankruptcy protection.

Henderson said the automaker completed its 40-day stay under court supervision far faster than anyone thought it could, saying it would repay about $50 billion in government loans ahead of a 2015 deadline.

He told reporters the company now will focus more on customers, including a partnership with the online auctioneer eBay for people to buy vehicles by auction online.

The new GM will build more cars and trucks that consumers want and launch them faster than in the past, the CEO said.

"We recognize that we've been given a rare second chance at GM, and we are very grateful for that. And we appreciate the fact that we now have the tools to get the job done," he said.

He announced that the company's management ranks will be cut by 35 percent, or 450 executives, including the elimination of its North American president position. Henderson said he will take responsibility for North American operations.

Henderson also said the automaker was launching a "Tell Fritz" Web site to allow owners and the public to share their concerns with senior management and he planned to go out on the road every month. GM also planned to test a partnership with eBay that could "revolutionize" how people buy cars online, he said.

"We need to listen to the questions, ideas and the concerns of the people who matter the most," Henderson said.

The new company will focus on three top priorities, customers, cars and culture, Henderson said.

"If we don't get this right, nothing else is going to work," he said during a morning news conference at GM's Downtown Detroit headquarters. "Business as usual is over at General Motors."

[Mr70]

I wonder how this will affect the possible future finding/releasing of Chevrolets remaining,(Jim Mattison Venture),past VIN sales documents we have all been anticipating for so long.
Help it along?..
Hurt it's chances more so?..
No change what so ever?..