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#1
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Look at GM
Almost $29 a share today!
I wonder if Kirkorian is gonna bail soon?
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1985 380SE Blue/Blue - 230,000 miles 2012 Subaru Forester 5-speed 2005 Toyota Sienna 2004 Chrysler Sebring convertible 1999 Toyota Tacoma |
#2
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Look at my thread on this. GM is going to be a great company. All this crap you hear about them is to break the Union. Once the Union is gone, they'll do great. I can't believe I'm saying this... but that's my theory. |
#3
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There was a story on 60 Minutes a little while back about GM. I was absolutely floored to learn that some assembly line workers in Wisconsin are pulling down six figures!
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#4
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But, that is what all this Woh-Is-Me crap is with them. They just want to reneg. the contracts. Take the position that either, the Union plays ball with them, or there will not be a court for them to play in at all. I always hated GM, but something made me keep buying the stock the worse they got. When you look at them as a company, they are too valuable to be this low. Brands, plants, etc. Once the leeches on the pension system die and the Union is weaker, you'll see money flow into RD, etc. and they WILL build cars that people will buy again. I honestly believe, that Americans WANT to buy Ford and GM, but they are such trash, that people feel safer with Honda. My 2 cents. Pete |
#5
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See www.thetruthaboutcars.com for an ongoing commentary by Rbert Farrago
about the ongoing problems with General Motors, and its management "GM Deathwatch" He feelsthey are really close to bankruptcy, the Delphi supplier situation is pushing it to the precipice, and while the Unions are partially to blame, for the most part GM is only putting 80% to 90% effort into updating its products, and the life cycle of the products is longer than the Japanese companies, the Honda Civic for instance has been more frequently updated than the Cavalier, and devaluing the worth of its products by discounting them so badly. There are individual exceptions, and likethe fabulous Corvette, of course, but for the bread and butter cars, they are catching up in quality and innovation, but the competition from Asia, especially Korea and Japan, are a moving target. They are still behind in the family sedans. I wish GM well and hope that they could get back on the ball and sell some great cars people would covet. They are doing all right in Europe Britain and Austgralia and the Middle East.
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1991 560 SEC AMG, 199k <---- 300 hp 10:1 ECE euro HV ... 1995 E 420, 170k "The Red Plum" (sold) 2015 BMW 535i xdrive awd Stage 1 DINAN, 6k, <----364 hp 1967 Mercury Cougar, 49k 2013 Jaguar XF, 20k <----340 hp Supercharged, All Wheel Drive (sold) |
#6
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__________________
Question Authority before it Questions you. |
#7
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GM has $5B(I think) maybe coming in from selling Delphi if my memory servs me. They have the cash, they need to bust the union now. Time to go union busting robber baron style.
GM still makes junk, Ford and GM make some truely junky and just old cars on the market. Sure they are reliable as of recently, but they are still dated. If GM had what they have now 5-7 years ago they would be in decent shape. The problem is that Honda and Toyota keep raising the bar, GM is playing catch up. The only GM sedan that can compete is that midsize car made by Saturn, thats a decent car.
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1999 SL500 1969 280SE 2023 Ram 1500 2007 Tiara 3200 |
#8
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Knowing that GM was/is going to bounce is not what I would consider inside information. GM can survive within the union but they can't do it making rental cars.
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#9
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__________________
Question Authority before it Questions you. |
#10
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well GM is failing .. Ford circled its problem.. and Dodge is doing decent
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#11
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There are a lot of hardworking, "little people" who think that unions are a blight upon our nation's economy (just before anyone jumps to another set of conclusions, I think that the steady decline in the number of good union jobs has had a deleterious effect on our nation). Just because Hattie thinks that GM ought to go union busting does not make him some sort of privileged, cake-eating bourgeois. I think that part of GM's problem is that it tries to be in too many markets. My wife's Yukon is a great piece of machinery. It is big, comfortable, cheap to maintain (not fuel economy) and has a nearly indestructible engine-tranny combo. On the other hand I had a 1999 Seville that I bought from my dad (who bought it new). The car was a major POS - real pretty to look at, but a real POS mechanicallyand electrically. I had to get rid of it. Maybe GM should stick to making trucks and SUVs. GM has made some bad business decisions along the way. Ford was smart and bought Volvo GM was dumb and bought (and then nearly killed) SAAB. As usual, there is no shortage of targets for all the finger-pointing.
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Current Benzes 1989 300TE "Alice" 1990 300CE "Sam Spade" 1991 300CE "Beowulf" RIP (06.1991 - 10.10.2007) 1998 E320 "Orson" 2002 C320 Wagon "Molly Fox" Res non semper sunt quae esse videntur My Gallery Not in this weather! |
#12
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At one point in time unions were needed, today they are a dinosor from the industrial age.
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1999 SL500 1969 280SE 2023 Ram 1500 2007 Tiara 3200 |
#13
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Well......It's both then.
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However - You should take a behind the scenes tour through an auto plant with a UAW member. Ask about their daily production (unit) quotas. Their time per unit(s) vs. shift durations. And, what they do when they meet their quotas. It could be an eye opening experience for you. I did. And it was.
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1980 300D - Veggie Burner ! |
#14
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Hopefully there will be more european influence in their offerings. Their US operation have been neglecting that obvious resource for ages.
__________________
1985 380SE Blue/Blue - 230,000 miles 2012 Subaru Forester 5-speed 2005 Toyota Sienna 2004 Chrysler Sebring convertible 1999 Toyota Tacoma |
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