GM Doomed to Failure

[Kid Vette]

The General Motors Company’s common stock will initially be owned by:

U.S. Department of the Treasury: 60.8 percent
UAW Retiree Medical Benefits Trust: 17.5 percent
Canada and Ontario governments: 11.7 percent
Motors Liquidation Company: 10 percent

Need I say more? I've owned nothing but GM vehicles since high school. As far as I'm concerned that company is GONE. Next purchase will be anything but GM.

 

[mrvette]

All these decades, the only NEW cars I have ever bought have been Chrysler, on price alone, '87 shadow ES turbo being the last one....D50 pickup and 78 Plymouth Arrow was the very first....

for a grand total of 3.....woopie doo....

find that on a cost/benefit basis, used vehicles are FAR superior.....and at that, domestics, even later ones are much better than imports....

:thumbs:

RONG, I forgot a 89 Dodge maxi van....POS....sold it for what I owed on it...got lucky....

 

[big2bird]

I don't foresee changing brands now. I've always owned Chevys, and that's that. Let the boy make the change.

 

[TimAT]

I don't foresee changing brands now. I've always owned Chevys, and that's that. Let the boy make the change.

I'm with the Bird. I'll keep buying Chevys until they take all the parts off the planet.

 

[73 Mike]

I think that there are enough people like Bird and Tim that will continue to buy GM to keep the company alive. Remains to be seen if it will thrive.

I do find it kind of sad that the new goals and target market for GM is the same as that of Saturn that they sold off among the first brands. We've had Saturn cars pretty much since the brand was launched. GM never really had a good plan for Saturn and couldn't manage it effectively. Now they are going to transform themselves into a clone of it.

 

[big2bird]

I think that there are enough people like Bird and Tim that will continue to buy GM to keep the company alive. Remains to be seen if it will thrive.

I do find it kind of sad that the new goals and target market for GM is the same as that of Saturn that they sold off among the first brands. We've had Saturn cars pretty much since the brand was launched. GM never really had a good plan for Saturn and couldn't manage it effectively. Now they are going to transform themselves into a clone of it.

The exact thought crossed my mind. Poncho I understood. It lost it's edge a long time ago. Saturn I felt was up and coming quite well.:huh:

 

[TimAT]

I heard something about Penske buyng the Saturn name. true or not, I don't know. I do know that he bought GM's Detroit Diesel/Allison and turned it around. The old 2 stroke Detroit Diesel engine was one you needed to slam your finger in the door so you'd be pissed before you every got in to drive. And then you had to drive it like you were trying to blow it up. The new Series 60 is a world away from that.
If Penske is in fact getting Saturn, I'd look for some pretty impressive stuff from them.

 

[BRUTAL64]

I heard something about Penske buyng the Saturn name. true or not, I don't know. I do know that he bought GM's Detroit Diesel/Allison and turned it around. The old 2 stroke Detroit Diesel engine was one you needed to slam your finger in the door so you'd be pissed before you every got in to drive. And then you had to drive it like you were trying to blow it up. The new Series 60 is a world away from that.
If Penske is in fact getting Saturn, I'd look for some pretty impressive stuff from them.

I'm not so sure of that. I believe Penske bought Saturn to get the Saturn dealer network. I've not seen a thing stating Penske is going to keep building Saturn vehicles.


We will see what he does.:bump:

 

[BBShark]

I'm not so sure of that. I believe Penske bought Saturn to get the Saturn dealer network. I've not seen a thing stating Penske is going to keep building Saturn vehicles.


We will see what he does.:bump:

Your right, Penske bought Saturn because of the stand alone dealer network. GM will supply cars for the next couple of years and Penske will buy the new Saturns from contract manufacturers in Korea and China.

It is puzzling that the "New GM" has a business plan that looks like the old Saturn business plan and yet they wanted to dump it. However, it makes about as much sense at a lot of things that our government (the owners of the New GM) are doing these days.

Seems like once a week you hear about some new policy that makes you think; WTF is that supposed to accomplish?

 

[mrvette]

I'm not so sure of that. I believe Penske bought Saturn to get the Saturn dealer network. I've not seen a thing stating Penske is going to keep building Saturn vehicles.


We will see what he does.:bump:

Your right, Penske bought Saturn because of the stand alone dealer network. GM will supply cars for the next couple of years and Penske will buy the new Saturns from contract manufacturers in Korea and China.

It is puzzling that the "New GM" has a business plan that looks like the old Saturn business plan and yet they wanted to dump it. However, it makes about as much sense at a lot of things that our government (the owners of the New GM) are doing these days.

Seems like once a week you hear about some new policy that makes you think; WTF is that supposed to accomplish?

Hey I spent 53 years in/near that town, and have had a total of 8 years, during Reagan's term that I felt the .gov may even actually have a chance....

from Kennedy onward, Ron was the only Prez worth a shit, and the damn liberals fought him tooth and nail.....but he still beat the SUnion.....maybe, if they don't resurrect, can't think of hardly anything outta there, especially Cap Hill, that I can support....nothing on the news wires anyway....

:clobbered: