Poor GM...

I'll make a deal with you SF.

If GM files for bankruptcy within the next six months I'll pay you $100. If not, you pay me $100.

Are you man enough to agree?
 
Pretty short on facts, but that isn't really a surprise.

US/Asia sales of GM are strong. Europe/South America are dragging the numbers down, even though said numbers are better than analysts projected.
 
Howey said:
I'll make a deal with you SF.

If GM files for bankruptcy within the next six months I'll pay you $100. If not, you pay me $100.

Are you man enough to agree?
Click to expand...

Try reading the article. Then read what I stated. Where did the article or I state anything about it failing within six months?

I bet you $1 million they don't fail within the next six minutes... are you man enough to agree?
 
Althea said:
Pretty short on facts, but that isn't really a surprise.

US/Asia sales of GM are strong. Europe/South America are dragging the numbers down, even though said numbers are better than analysts projected.
Click to expand...

You understand the concept of market share, do you not?
 
Bankruptcy is not failure, it is a restructuring of debt. People really need to get past that it means the business closes or something. Many, many, many businesses who are now successful have filed for bankruptcy in the past. Some of the most prominent being Trump and Disney...
 
Superfreak said:
You understand the concept of market share, do you not?
Click to expand...
I understand that American manufacturers can't compete with the quality of foreign manufacturers, which is why I drive a VW. My work truck will always be American made.

If market share is the issue, then why is GM doing fine in America? Their numbers are off, because they got a bump last year from the anti Toyota braking system propaganda.

Your article reads more like a Car and Driver piece on the new Malibu. It is short on facts re. GM's financial issues.
 
Damocles said:
Bankruptcy is not failure, it is a restructuring of debt. People really need to get past that it means the business closes or something. Many, many, many businesses who are now successful have filed for bankruptcy in the past. Some of the most prominent being Trump and Disney...
Click to expand...

Well, it depends on the type of bankruptcy. Not all types of bankruptcies lead to businesses closing, but some do.
 
General Buck Turgidson said:
Well, it depends on the type of bankruptcy. Not all types of bankruptcies lead to businesses closing, but some do.
Click to expand...

Right. However, there was a post earlier talking about failure along with a bankruptcy bet. I just wanted to tell people that bankruptcy does not necessarily mean failure.
 
Althea said:
I understand that American manufacturers can't compete with the quality of foreign manufacturers, which is why I drive a VW. My work truck will always be American made.

If market share is the issue, then why is GM doing fine in America? Their numbers are off, because they got a bump last year from the anti Toyota braking system propaganda.

Your article reads more like a Car and Driver piece on the new Malibu. It is short on facts re. GM's financial issues.
Click to expand...
WHAT? You have a hell of a lot to learn about American manufacturers. Can we compete with Asia for making cheap OEM's like refrigerators, Air conditioners, bicycles and washing machines? No, we can't compete with their cheap labor but guess what? US Manufacturers lead the world in heavy industry, basic materials and technology, all of which have much larger margins and spin off economy than low value added OEM's. Not only that but most modern quality managment systems used in manufacturing today were developed here in the good ole US of A. So get it straight. Made in the USA is still the gold seal of quality in manufacturing.
 
Althea said:
I understand that American manufacturers can't compete with the quality of foreign manufacturers, which is why I drive a VW. My work truck will always be American made.
Click to expand...

Quality in American vehicles has risen to and exceeded Japanese, German, and others in the past couple of years. However, that's a loaded statement since most Toyotas, etc., are built in America.
 
Howey said:
Quality in American vehicles has risen to and exceeded Japanese, German, and others in the past couple of years. However, that's a loaded statement since most Toyotas, etc., are built in America.
Click to expand...
ay what you want to about American worker being the highet paid in the world but they're alo the mo$t productive and $killed worker in the world (my $ key on my keyboard $eem to have died on me.).
 
Superfreak said:
Try reading the article. Then read what I stated. Where did the article or I state anything about it failing within six months?

I bet you $1 million they don't fail within the next six minutes... are you man enough to agree?
Click to expand...

Sorry. I don't have the kind of money you and dicksee have.
 
I found it incredibly funny that when I clicked the Forbes link I had to wait for an ad to load before I could continue.....it was an ad for Ford.....
 
Mott the Hoople said:
WHAT? You have a hell of a lot to learn about American manufacturers. Can we compete with Asia for making cheap OEM's like refrigerators, Air conditioners, bicycles and washing machines? No, we can't compete with their cheap labor but guess what? US Manufacturers lead the world in heavy industry, basic materials and technology, all of which have much larger margins and spin off economy than low value added OEM's. Not only that but most modern quality managment systems used in manufacturing today were developed here in the good ole US of A. So get it straight. Made in the USA is still the gold seal of quality in manufacturing.
Click to expand...
It isn't about the manufacturing. It's about design, features, and a business model.

Why do you think Toyota/Honda/VW numbers are up right now? Because they build a quality product that outperforms the Big 3 American manufacturers.


Go and price an American car, vs a comparable foreign car. Personally, I'm only familiar w/VW, cuz I wouldn't drive a Japanese vehicle.

But....the American manufacturers typically offer a stripped down version, that you can add options to. Foreign manufacturers include many nice features in the base price.
Granted...if you're sending your kid off to college, and want to put them in a low priced vehicle, the base vehicles are a nice idea.
In the end, both cars cost about the same, but my preference stays with the German engineering over the Americans.

While all manufacturers are posting gains in this country, the foreign manufacturers are doing much better.

Howey said:
Quality in American vehicles has risen to and exceeded Japanese, German, and others in the past couple of years. However, that's a loaded statement since most Toyotas, etc., are built in America.
Click to expand...
Again...it isn't about who actually builds them. All cars are made to the specs of the company. The problem with the American cars, is their business model. They rode the wave of American gluttony, and are eons behind now that people are looking for economy.
 
Althea said:
Again...it isn't about who actually builds them. All cars are made to the specs of the company. The problem with the American cars, is their business model. They rode the wave of American gluttony, and are eons behind now that people are looking for economy.
Click to expand...

I agree that short years ago your statement was correct. Not anymore...

The Comeback of the American Car
As the 2012 Detroit Auto Show approaches, the American auto industry looks to be stronger than it has in many years.

Massive restructurings, helped by government-run bankruptcies, helped GM and Chrysler improve their balance sheets, but product turnarounds at all three domestic automakers have been in the making for far longer and are now bearing fruit.

American cars have improved to the point that drivers can no longer simply assume that a similarly priced Toyota (TM) or Volkswagen (VLKAF) vehicle will be better.

But, since CNNMoney's last report on Detroit's quality comeback, some surprising trends have emerged. Ford, long the industry leader in quality, has stumbled while Chrysler, which has lagged the industry even longer, is coming on strong. (Detroit carmakers are (finally!) making profits)
Click to expand...

But then, I drive a Subaru. :)
 
a few years ago they built a battery plant here in Holland to produce batteries for the Chevy Volt.....my son worked there until a few weeks ago......yesterday he talked to a friend who is still there......they are crating up all the equipment to ship it back to Korea......in a year and a half they produced not a single battery for production runs.......
 
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