Originally Posted By vbdad55 If there is a less effective senior management team than General Motors I want to see them. Most recent announcement today again hits one group of people - their workers. Retirees see ing huge incresases in medical costs to them ( again renegging on the promises made to workers just like this who have eliminated pensions after people have been promised them for 25 years) - with the stated intent to have the retirees opt out of the GM plans they earned. I understand passing alongsome costs - but to try and force peopleout- and forthe most part people who can least afford it on a fixed income - and likely to old to get employed again. Meanwhile the articles again bring up their whining how they have to support 8 brands marketing wise while Toyota only has 3. Well DUH ! take a freakin hint guys. Toyota has entry - Scion / family - Toyota & Luxury- Lexus and is kicking your proverbial backsides. Meanwhile GM keeps around nameplates that no one wants - Buick / Pontiac have seen their day come and go. Hummer - at least they put that for sale. Saab - what the hell were they thinking here? Make Saturn the entry platform / Chevrolet the family platform, and Cadillac theluxury platform and try and compete for God's sake. Cutting all the white collar jobs anbd benefits will not make the company get wellif no one wants the product. Business 101. so very very sad. <a href="http://www.mlive.com/business/index.ssf/2008/07/gm_retiree_health_cuts_will_ca.html" target="_blank">http://www.mlive.com/business/..._ca.html</a>
Originally Posted By trekkeruss At least they are starting to build some decent cars. Recently I had to rent a car, and ended up with a Chevy Cobalt. In the past, the GM cars I have rented all had major deficiencies compared to Hondas, Toyotas, etc., but this Cobalt seemed fairly competent for a budget vehicle.
Originally Posted By Mrs ElderP I was looking up a different "old" thread, and saw this one. There recent loss does seem to bear out the title.
Originally Posted By Sport Goofy Meanwhile there are some very good firesale prices on GM vehicles running through the auctions right now. You can buy a fully loaded Cadillac Escalade with under 10K miles at auction for under $30K. You can get the same Chevy Suburban at auction for about $5K less. Good times if you are in the market for a SUV.
Originally Posted By alexbook Meanwhile, GM has been discussing selling off Hummer to an Indian company, Mahindra, which recently bid on Land Rover but lost out to Tata, another Indian company. So, does this mean that the Indians know something we don't, or are they just repeating our mistakes?
