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GM's Mark LaNeve Drops Dealer Missive Begging Congress For Mercy, Serious Financial Help
Detroit, 12:53 PM
Sun Nov 15
9 posts in the last 24 hours
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GM's Mark LaNeve Drops Dealer Missive Begging Congress For Mercy, Serious Financial Help |
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11/13/08
It's not like the Japanese have been propping up their auto/export industry with current manipulation and protectionist laws. It's not like the EU will be bailing out their auto sector with a 50 billion euro package.
What? You mean this has/will happen? OMG, I must be so completely clueless.
11/13/08
The difference is that GM will keep biting the hand that feeds them. GM and Ford were both vehemently opposed to Chrysler receiving loans in the eighties, but now all of a sudden government interference is alright?
And if the Japanese or German government interferes to save a company from toppling over in a time of crisis - that's their right. But for us to be shovelling money into an organization that can barely stay upright at the very best of times yet has displayed unparallelled greed in the past is not right.
See it as a business deal. Would you lend GM your own money? Didn't think so.
11/13/08
11/13/08
Yes, GM is a massive company, but filing for bankruptcy isn't the end of the world, not by a long shot. They claim it will hurt their image in some way and lead people to not buy their cars, but one of the reasons they're in this mess is no one's buying them anyway.
So fine, give 'em $25 billion. We'll see how long it keeps them from the inevitable. At the end of the day, GM cannot be treated any differently from United or Circuit City or Bloomingdale's. They're not that important, and even if they were, the sensible thing would be to either partially or fully nationalize it in order to protect the thousands of employees GM is no longer capable of compensating the way they have in the past.
GM needs to get over itself. I daresay it needs to be taken down a peg or two. Their arrogant assertion (threat?) that their bankruptcy will cause another Great Depression is blowing things way out of proportion...like the company itself is.
11/13/08
They have such a large impact in this country that going under right now would not be good. I don't really want GM to stick around. I just don't want them to make the weak economy any worse.
11/13/08
For some reason I just can't get enough of reading about British Leyland lately.
11/13/08
11/13/08
Prop up our failing business with Money we don't deserve.
Blah, Blah, Blah
All of these car plants and brands are not going to vanish. They are going to be gobbled up. How does the Toyota Corvette and Renault Volt sound?
11/13/08
Really.. I used to live in Elyria Ohio and that place looked like a bomb hit it. Found out after a few months that GM had left years earlier.. needless to say no one took their place.
Renault and Toyota will build their own plants, with good reason. (apparently it takes 25 billion to reconfigure them)
11/13/08