Joey's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/223228/comments http://seekingalpha.com/article/123360-how-to-deal-with-the-automakers-crisis-in-confidence?source=feed#comment-409466 409466
Douglas Korthof 33 Comments WebsiteAny money given to GM must be on condition that ALL current management be FIRED and replaced with competent execs.

It's not the union that brought GM down, it's stupid management that thinks it needs to shrink.

Incompetent bozos like Wagoner and Lutz.]]> Mon, 02 Mar 2009 11:44:56 -0500
Douglas Korthof 33 Comments WebsiteAny money given to GM must be on condition that ALL current management be FIRED and replaced with competent execs.

It's not the union that brought GM down, it's stupid management that thinks it needs to shrink.

Incompetent bozos like Wagoner and Lutz.]]> http://seekingalpha.com/article/122826-auto-manufacturing-what-does-buy-american-even-mean?source=feed#comment-404230 404230 Thu, 26 Feb 2009 08:40:39 -0500 http://seekingalpha.com/article/122826-auto-manufacturing-what-does-buy-american-even-mean?source=feed#comment-404212 404212 Thu, 26 Feb 2009 08:31:56 -0500 http://seekingalpha.com/article/122826-auto-manufacturing-what-does-buy-american-even-mean?source=feed#comment-404149 404149 Thu, 26 Feb 2009 07:55:25 -0500 http://seekingalpha.com/article/122787-as-gm-goes-so-goes-the-nation-part-2?source=feed#comment-404147 404147 Thu, 26 Feb 2009 07:53:09 -0500 http://seekingalpha.com/article/120633-gm-may-be-considering-bankruptcy-at-last?source=feed#comment-390321 390321 GM Board of Directors
Percy N. Barnevik; Erskine B. Bowles; John H. Bryan; Armando M. Codina; Erroll B. Davis, Jr.; George M.C. Fisher; Karen Katen; Kent Kresa; Ellen J. Kullman; Kathryn V. Marinello;
]]> Mon, 16 Feb 2009 09:39:08 -0500 GM Board of Directors
Percy N. Barnevik; Erskine B. Bowles; John H. Bryan; Armando M. Codina; Erroll B. Davis, Jr.; George M.C. Fisher; Karen Katen; Kent Kresa; Ellen J. Kullman; Kathryn V. Marinello;
]]> http://seekingalpha.com/article/120633-gm-may-be-considering-bankruptcy-at-last?source=feed#comment-390320 390320
GM Board of Directors
Percy N. Barnevik; Erskine B. Bowles; John H. Bryan; Armando M. Codina; Erroll B. Davis, Jr.; George M.C. Fisher; Karen Katen; Kent Kresa; Ellen J. Kullman; Kathryn V. Marinello;
]]> Mon, 16 Feb 2009 09:37:38 -0500
GM Board of Directors
Percy N. Barnevik; Erskine B. Bowles; John H. Bryan; Armando M. Codina; Erroll B. Davis, Jr.; George M.C. Fisher; Karen Katen; Kent Kresa; Ellen J. Kullman; Kathryn V. Marinello;
]]> http://seekingalpha.com/article/120723-when-will-gm-hit-zero?source=feed#comment-390310 390310
GM Board of Directors
Percy N. Barnevik; Erskine B. Bowles; John H. Bryan; Armando M. Codina; Erroll B. Davis, Jr.; George M.C. Fisher; Karen Katen; Kent Kresa; Ellen J. Kullman; Kathryn V. Marinello;
]]> Mon, 16 Feb 2009 09:30:36 -0500
GM Board of Directors
Percy N. Barnevik; Erskine B. Bowles; John H. Bryan; Armando M. Codina; Erroll B. Davis, Jr.; George M.C. Fisher; Karen Katen; Kent Kresa; Ellen J. Kullman; Kathryn V. Marinello;
]]> http://seekingalpha.com/article/120723-when-will-gm-hit-zero?source=feed#comment-390306 390306

GM Board of Directors
Percy N. Barnevik; Erskine B. Bowles; John H. Bryan; Armando M. Codina; Erroll B. Davis, Jr.; George M.C. Fisher; Karen Katen; Kent Kresa; Ellen J. Kullman; Kathryn V. Marinello; ]]> Mon, 16 Feb 2009 09:28:41 -0500

GM Board of Directors
Percy N. Barnevik; Erskine B. Bowles; John H. Bryan; Armando M. Codina; Erroll B. Davis, Jr.; George M.C. Fisher; Karen Katen; Kent Kresa; Ellen J. Kullman; Kathryn V. Marinello; ]]> http://seekingalpha.com/article/120723-when-will-gm-hit-zero?source=feed#comment-390298 390298
GM Board of Directors
Percy N. Barnevik; Erskine B. Bowles; John H. Bryan; Armando M. Codina; Erroll B. Davis, Jr.; George M.C. Fisher; Karen Katen; Kent Kresa; Ellen J. Kullman; ,Philip A. Laskawy; Kathryn V. Marinello; Eckhard Pfeiffer; ]]> Mon, 16 Feb 2009 09:19:35 -0500
GM Board of Directors
Percy N. Barnevik; Erskine B. Bowles; John H. Bryan; Armando M. Codina; Erroll B. Davis, Jr.; George M.C. Fisher; Karen Katen; Kent Kresa; Ellen J. Kullman; ,Philip A. Laskawy; Kathryn V. Marinello; Eckhard Pfeiffer; ]]> http://seekingalpha.com/article/115796-chrysler-fiat-deal-is-horrible-for-gm-and-ford?source=feed#comment-365558 365558 Sun, 25 Jan 2009 11:06:15 -0500 http://seekingalpha.com/article/109774-detroit-s-failure-and-the-dollar?source=feed#comment-324564 324564 How to Fix GM – Plan One
1) Sell All of GMAC and the Insurance Business (Ditech)
2) Cut down from five regional offices to two. One in Atlanta (east of the Mississippi River)and one in LA (west of Mississippi River). That means Chicago, New York, and Dallas are closed. With about 250 people working in each location (750 total) at an average of $100,000 each, that is a yearly savings of $75 million. Operation cost (rent, equipment, etc.) at the three locations will save another $1.8 million. Benefits for the 750 employees will save another (at $20,000 each) another $15 million.
3) Next, there is an average of three offices per state (local offices in cities across the country), if we close them, that is another $3 million in office space.
4) Next, the District Managers work out of their house and the Zone Managers (or whatever term is given to them), could be let go. They make around $150,000 a year and there are about 75 of them. Again, a savings of $11.25 million. With benefits, a total of $12.75 million in savings.
5) Next, cut around 150 jobs at the Detroit GM Headquarters. A savings of around $18 million with benefits.
6) Next, cut Buick down to two cars (Enclave and Lucerne), cut Pontiac to one (G6), cut GMC to two (Yukon and Sierra), cut Saturn to one (Vue) – and put all cars to a new umbrella called “United GM”. This will save GM billions. Also cut back on two Chevy models and two Cadillac models.
7) Next, cut advertising in December, January, February, March, April, and May (with the exception of auto show advertising for a three week period during the show and its incentives). This will save GM around $1.4 billion.
8) Sell all five planes. This will save GM $100 million in sales and another $100 million in yearly travel expenses for a total savings of $200 million dollars.
9) Change the Union rule from 90% of pay for one year if someone is laid off to 70%of pay for 9 months. This alone, if an employee was making $72,800 a year (which is equal to $35 per hour), this would save GM $27,300 per union employee laid off. If there are around 30,000 union employees laid off from the brands closing, that is a savings of $819 million dollars .
10) Get rid of any health care benefits for those 65 and over. Medicare will cover them.
11) Change the 90% of pay for a year factory workers laid off to 70% of pay for seven months. At a salary of about $75,000, this will be a savings of $36,875 per employee. For every 10,000 people laid off, this will be a savings of $369 million.


Plan Two on Fixing GM
How to save GM
1) GM needs to cut their total car models to 25 (from 60). What they could do is get rid of all Buicks expect Lucerne and Enclave; get rid of all Pontiacs except G6; get rid of all GMCs except Sierra and Yukon; get rid of all Saturns except the Vue; get rid of Saab all together; get rid of at least three Chevy models; get rid of at least two Cadillac models.
2) Get rid of half the dealerships. Chevy seems to have the best distribution so change the Chevy dealerships to Chevy, BPG, Saturn, and Cadillac
3) Close at least three of the five regional offices
4) Close all Zone offices and have employees work out of their homes
5) Get rid of 50% or more of white collar workers in the field
6) The factories will close based upon which models will be discontinued
7) Have upper management take a 35% pay cut
8) Have middle management take a 20% pay cut
9) Cut advertising from $2.3 billion per year to $750 million
10) Get rid of advertising groups and have national advertising only
11) Get rid of co-op advertising dollars
12) Get rid of all promotional advertising
13) Cut all regional and national meetings that cost more than $100,000
14) No parties for auto shows
15) Have special cash incentives for cash only purchases
16) Once the Volt battery is discovered, convert at least half the cars and trucks left after the cut to Hybrid
17) Move 1/2 the engineers to be used to discover more fuel efficient standards and more alternative fuel / hybrid cars
18) Sell all five planes and travel coach (a $100 million savings from cost of planes and a $100 million savings in yearly air cost for a total savings of $200 million).
19) Change the Union rule from 90% of pay for one year if someone is laid off to 70%of pay for 9 months. This alone, if an employee was making $72,800 a year (which is equal to $35 per hour), this would save GM $27,300 per union employee laid off. If there are around 30,000 union employees laid off from the brands closing, that is a savings of $819 million dollars .
]]> Tue, 09 Dec 2008 09:55:58 -0500 How to Fix GM – Plan One
1) Sell All of GMAC and the Insurance Business (Ditech)
2) Cut down from five regional offices to two. One in Atlanta (east of the Mississippi River)and one in LA (west of Mississippi River). That means Chicago, New York, and Dallas are closed. With about 250 people working in each location (750 total) at an average of $100,000 each, that is a yearly savings of $75 million. Operation cost (rent, equipment, etc.) at the three locations will save another $1.8 million. Benefits for the 750 employees will save another (at $20,000 each) another $15 million.
3) Next, there is an average of three offices per state (local offices in cities across the country), if we close them, that is another $3 million in office space.
4) Next, the District Managers work out of their house and the Zone Managers (or whatever term is given to them), could be let go. They make around $150,000 a year and there are about 75 of them. Again, a savings of $11.25 million. With benefits, a total of $12.75 million in savings.
5) Next, cut around 150 jobs at the Detroit GM Headquarters. A savings of around $18 million with benefits.
6) Next, cut Buick down to two cars (Enclave and Lucerne), cut Pontiac to one (G6), cut GMC to two (Yukon and Sierra), cut Saturn to one (Vue) – and put all cars to a new umbrella called “United GM”. This will save GM billions. Also cut back on two Chevy models and two Cadillac models.
7) Next, cut advertising in December, January, February, March, April, and May (with the exception of auto show advertising for a three week period during the show and its incentives). This will save GM around $1.4 billion.
8) Sell all five planes. This will save GM $100 million in sales and another $100 million in yearly travel expenses for a total savings of $200 million dollars.
9) Change the Union rule from 90% of pay for one year if someone is laid off to 70%of pay for 9 months. This alone, if an employee was making $72,800 a year (which is equal to $35 per hour), this would save GM $27,300 per union employee laid off. If there are around 30,000 union employees laid off from the brands closing, that is a savings of $819 million dollars .
10) Get rid of any health care benefits for those 65 and over. Medicare will cover them.
11) Change the 90% of pay for a year factory workers laid off to 70% of pay for seven months. At a salary of about $75,000, this will be a savings of $36,875 per employee. For every 10,000 people laid off, this will be a savings of $369 million.


Plan Two on Fixing GM
How to save GM
1) GM needs to cut their total car models to 25 (from 60). What they could do is get rid of all Buicks expect Lucerne and Enclave; get rid of all Pontiacs except G6; get rid of all GMCs except Sierra and Yukon; get rid of all Saturns except the Vue; get rid of Saab all together; get rid of at least three Chevy models; get rid of at least two Cadillac models.
2) Get rid of half the dealerships. Chevy seems to have the best distribution so change the Chevy dealerships to Chevy, BPG, Saturn, and Cadillac
3) Close at least three of the five regional offices
4) Close all Zone offices and have employees work out of their homes
5) Get rid of 50% or more of white collar workers in the field
6) The factories will close based upon which models will be discontinued
7) Have upper management take a 35% pay cut
8) Have middle management take a 20% pay cut
9) Cut advertising from $2.3 billion per year to $750 million
10) Get rid of advertising groups and have national advertising only
11) Get rid of co-op advertising dollars
12) Get rid of all promotional advertising
13) Cut all regional and national meetings that cost more than $100,000
14) No parties for auto shows
15) Have special cash incentives for cash only purchases
16) Once the Volt battery is discovered, convert at least half the cars and trucks left after the cut to Hybrid
17) Move 1/2 the engineers to be used to discover more fuel efficient standards and more alternative fuel / hybrid cars
18) Sell all five planes and travel coach (a $100 million savings from cost of planes and a $100 million savings in yearly air cost for a total savings of $200 million).
19) Change the Union rule from 90% of pay for one year if someone is laid off to 70%of pay for 9 months. This alone, if an employee was making $72,800 a year (which is equal to $35 per hour), this would save GM $27,300 per union employee laid off. If there are around 30,000 union employees laid off from the brands closing, that is a savings of $819 million dollars .
]]> http://seekingalpha.com/article/109876-auto-industry-rescue-delays-the-inevitable?source=feed#comment-324556 324556
How to Fix GM – Plan One
1) Sell All of GMAC and the Insurance Business (Ditech)
2) Cut down from five regional offices to two. One in Atlanta (east of the Mississippi River)and one in LA (west of Mississippi River). That means Chicago, New York, and Dallas are closed. With about 250 people working in each location (750 total) at an average of $100,000 each, that is a yearly savings of $75 million. Operation cost (rent, equipment, etc.) at the three locations will save another $1.8 million. Benefits for the 750 employees will save another (at $20,000 each) another $15 million.
3) Next, there is an average of three offices per state (local offices in cities across the country), if we close them, that is another $3 million in office space.
4) Next, the District Managers work out of their house and the Zone Managers (or whatever term is given to them), could be let go. They make around $150,000 a year and there are about 75 of them. Again, a savings of $11.25 million. With benefits, a total of $12.75 million in savings.
5) Next, cut around 150 jobs at the Detroit GM Headquarters. A savings of around $18 million with benefits.
6) Next, cut Buick down to two cars (Enclave and Lucerne), cut Pontiac to one (G6), cut GMC to two (Yukon and Sierra), cut Saturn to one (Vue) – and put all cars to a new umbrella called “United GM”. This will save GM billions. Also cut back on two Chevy models and two Cadillac models.
7) Next, cut advertising in December, January, February, March, April, and May (with the exception of auto show advertising for a three week period during the show and its incentives). This will save GM around $1.4 billion.
8) Sell all five planes. This will save GM $100 million in sales and another $100 million in yearly travel expenses for a total savings of $200 million dollars.
9) Change the Union rule from 90% of pay for one year if someone is laid off to 70%of pay for 9 months. This alone, if an employee was making $72,800 a year (which is equal to $35 per hour), this would save GM $27,300 per union employee laid off. If there are around 30,000 union employees laid off from the brands closing, that is a savings of $819 million dollars .
10) Get rid of any health care benefits for those 65 and over. Medicare will cover them.
11) Change the 90% of pay for a year factory workers laid off to 70% of pay for seven months. At a salary of about $75,000, this will be a savings of $36,875 per employee. For every 10,000 people laid off, this will be a savings of $369 million.
Plan Two on Fixing GM
How to save GM
1) GM needs to cut their total car models to 25 (from 60). What they could do is get rid of all Buicks expect Lucerne and Enclave; get rid of all Pontiacs except G6; get rid of all GMCs except Sierra and Yukon; get rid of all Saturns except the Vue; get rid of Saab all together; get rid of at least three Chevy models; get rid of at least two Cadillac models.
2) Get rid of half the dealerships. Chevy seems to have the best distribution so change the Chevy dealerships to Chevy, BPG, Saturn, and Cadillac
3) Close at least three of the five regional offices
4) Close all Zone offices and have employees work out of their homes
5) Get rid of 50% or more of white collar workers in the field
6) The factories will close based upon which models will be discontinued
7) Have upper management take a 35% pay cut
8) Have middle management take a 20% pay cut
9) Cut advertising from $2.3 billion per year to $750 million
10) Get rid of advertising groups and have national advertising only
11) Get rid of co-op advertising dollars
12) Get rid of all promotional advertising
13) Cut all regional and national meetings that cost more than $100,000
14) No parties for auto shows
15) Have special cash incentives for cash only purchases
16) Once the Volt battery is discovered, convert at least half the cars and trucks left after the cut to Hybrid
17) Move 1/2 the engineers to be used to discover more fuel efficient standards and more alternative fuel / hybrid cars
18) Sell all five planes and travel coach (a $100 million savings from cost of planes and a $100 million savings in yearly air cost for a total savings of $200 million).
19) Change the Union rule from 90% of pay for one year if someone is laid off to 70%of pay for 9 months. This alone, if an employee was making $72,800 a year (which is equal to $35 per hour), this would save GM $27,300 per union employee laid off. If there are around 30,000 union employees laid off from the brands closing, that is a savings of $819 million dollars .


]]> Tue, 09 Dec 2008 09:47:49 -0500
How to Fix GM – Plan One
1) Sell All of GMAC and the Insurance Business (Ditech)
2) Cut down from five regional offices to two. One in Atlanta (east of the Mississippi River)and one in LA (west of Mississippi River). That means Chicago, New York, and Dallas are closed. With about 250 people working in each location (750 total) at an average of $100,000 each, that is a yearly savings of $75 million. Operation cost (rent, equipment, etc.) at the three locations will save another $1.8 million. Benefits for the 750 employees will save another (at $20,000 each) another $15 million.
3) Next, there is an average of three offices per state (local offices in cities across the country), if we close them, that is another $3 million in office space.
4) Next, the District Managers work out of their house and the Zone Managers (or whatever term is given to them), could be let go. They make around $150,000 a year and there are about 75 of them. Again, a savings of $11.25 million. With benefits, a total of $12.75 million in savings.
5) Next, cut around 150 jobs at the Detroit GM Headquarters. A savings of around $18 million with benefits.
6) Next, cut Buick down to two cars (Enclave and Lucerne), cut Pontiac to one (G6), cut GMC to two (Yukon and Sierra), cut Saturn to one (Vue) – and put all cars to a new umbrella called “United GM”. This will save GM billions. Also cut back on two Chevy models and two Cadillac models.
7) Next, cut advertising in December, January, February, March, April, and May (with the exception of auto show advertising for a three week period during the show and its incentives). This will save GM around $1.4 billion.
8) Sell all five planes. This will save GM $100 million in sales and another $100 million in yearly travel expenses for a total savings of $200 million dollars.
9) Change the Union rule from 90% of pay for one year if someone is laid off to 70%of pay for 9 months. This alone, if an employee was making $72,800 a year (which is equal to $35 per hour), this would save GM $27,300 per union employee laid off. If there are around 30,000 union employees laid off from the brands closing, that is a savings of $819 million dollars .
10) Get rid of any health care benefits for those 65 and over. Medicare will cover them.
11) Change the 90% of pay for a year factory workers laid off to 70% of pay for seven months. At a salary of about $75,000, this will be a savings of $36,875 per employee. For every 10,000 people laid off, this will be a savings of $369 million.
Plan Two on Fixing GM
How to save GM
1) GM needs to cut their total car models to 25 (from 60). What they could do is get rid of all Buicks expect Lucerne and Enclave; get rid of all Pontiacs except G6; get rid of all GMCs except Sierra and Yukon; get rid of all Saturns except the Vue; get rid of Saab all together; get rid of at least three Chevy models; get rid of at least two Cadillac models.
2) Get rid of half the dealerships. Chevy seems to have the best distribution so change the Chevy dealerships to Chevy, BPG, Saturn, and Cadillac
3) Close at least three of the five regional offices
4) Close all Zone offices and have employees work out of their homes
5) Get rid of 50% or more of white collar workers in the field
6) The factories will close based upon which models will be discontinued
7) Have upper management take a 35% pay cut
8) Have middle management take a 20% pay cut
9) Cut advertising from $2.3 billion per year to $750 million
10) Get rid of advertising groups and have national advertising only
11) Get rid of co-op advertising dollars
12) Get rid of all promotional advertising
13) Cut all regional and national meetings that cost more than $100,000
14) No parties for auto shows
15) Have special cash incentives for cash only purchases
16) Once the Volt battery is discovered, convert at least half the cars and trucks left after the cut to Hybrid
17) Move 1/2 the engineers to be used to discover more fuel efficient standards and more alternative fuel / hybrid cars
18) Sell all five planes and travel coach (a $100 million savings from cost of planes and a $100 million savings in yearly air cost for a total savings of $200 million).
19) Change the Union rule from 90% of pay for one year if someone is laid off to 70%of pay for 9 months. This alone, if an employee was making $72,800 a year (which is equal to $35 per hour), this would save GM $27,300 per union employee laid off. If there are around 30,000 union employees laid off from the brands closing, that is a savings of $819 million dollars .


]]> http://seekingalpha.com/article/108381-pre-packaged-bankruptcy-is-gm-s-only-option-barron-s?source=feed#comment-317419 317419 1) Sell All of GMAC and the Insurance Business (Ditech)
2) Cut down from five regional offices to two. One in Atlanta (east of the Mississippi River)and one in LA (west of Mississippi River). That means Chicago, New York, and Dallas are closed. With about 250 people working in each location (750 total) at an average of $100,000 each, that is a yearly savings of $75 million. Operation cost (rent, equipment, etc.) at the three locations will save another $1.8 million. Benefits for the 750 employees will save another (at $20,000 each) another $15 million.
3) Next, there is an average of three offices per state (local offices in cities across the country), if we close them, that is another $3 million in office space.
4) Next, the District Managers work out of their house and the Zone Managers (or whatever term is given to them), could be let go. They make around $150,000 a year and there are about 75 of them. Again, a savings of $11.25 million. With benefits, a total of $12.75 million in savings.
5) Next, cut around 150 jobs at the Detroit GM Headquarters. A savings of around $18 million with benefits.
6) Next, cut Buick down to two cars (Enclave and Lucerne), cut Pontiac to one (G6), cut GMC to two (Yukon and Sierra), cut Saturn to one (Vue) – and put all cars to a new umbrella called “United GM”. This will save GM billions. Also cut back on two Chevy models and two Cadillac models.
7) Next, cut advertising in December, January, February, March, April, and May (with the exception of auto show advertising for a three week period during the show and its incentives). This will save GM around $1.4 billion.
8) Sell all five planes. This will save GM $100 million in sales and another $100 million in yearly travel expenses for a total savings of $200 million dollars.

Plan Two on Fixing GM
How to save GM
1) GM needs to cut their total car models to 25 (from 60). What they could do is get rid of all Buicks expect Lucerne and Enclave; get rid of all Pontiacs except G6; get rid of all GMCs except Sierra and Yukon; get rid of all Saturns except the Vue; get rid of Saab all together; get rid of at least three Chevy models; get rid of at least two Cadillac models.
2) Get rid of half the dealerships. Chevy seems to have the best distribution so change the Chevy dealerships to Chevy, BPG, Saturn, and Cadillac
3) Close at least three of the five regional offices
4) Close all Zone offices and have employees work out of their homes
5) Get rid of 50% or more of white collar workers in the field
6) The factories will close based upon which models will be discontinued
7) Have upper management take a 35% pay cut
8) Have middle management take a 20% pay cut
9) Cut advertising from $2.3 billion per year to $750 million
10) Get rid of advertising groups and have national advertising only
11) Get rid of co-op advertising dollars
12) Get rid of all promotional advertising
13) Cut all regional and national meetings that cost more than $100,000
14) No parties for auto shows
15) Have special cash incentives for cash only purchases
16) Once the Volt battery is discovered, convert at least half the cars and trucks left after the cut to Hybrid
17) Move 1/2 the engineers to be used to discover more fuel efficient standards and more alternative fuel / hybrid cars
18) Sell all five planes and travel coach (a $100 million savings from cost of planes and a $100 million savings in yearly air cost for a total savings of $200 million).

]]> Sun, 30 Nov 2008 09:04:17 -0500 1) Sell All of GMAC and the Insurance Business (Ditech)
2) Cut down from five regional offices to two. One in Atlanta (east of the Mississippi River)and one in LA (west of Mississippi River). That means Chicago, New York, and Dallas are closed. With about 250 people working in each location (750 total) at an average of $100,000 each, that is a yearly savings of $75 million. Operation cost (rent, equipment, etc.) at the three locations will save another $1.8 million. Benefits for the 750 employees will save another (at $20,000 each) another $15 million.
3) Next, there is an average of three offices per state (local offices in cities across the country), if we close them, that is another $3 million in office space.
4) Next, the District Managers work out of their house and the Zone Managers (or whatever term is given to them), could be let go. They make around $150,000 a year and there are about 75 of them. Again, a savings of $11.25 million. With benefits, a total of $12.75 million in savings.
5) Next, cut around 150 jobs at the Detroit GM Headquarters. A savings of around $18 million with benefits.
6) Next, cut Buick down to two cars (Enclave and Lucerne), cut Pontiac to one (G6), cut GMC to two (Yukon and Sierra), cut Saturn to one (Vue) – and put all cars to a new umbrella called “United GM”. This will save GM billions. Also cut back on two Chevy models and two Cadillac models.
7) Next, cut advertising in December, January, February, March, April, and May (with the exception of auto show advertising for a three week period during the show and its incentives). This will save GM around $1.4 billion.
8) Sell all five planes. This will save GM $100 million in sales and another $100 million in yearly travel expenses for a total savings of $200 million dollars.

Plan Two on Fixing GM
How to save GM
1) GM needs to cut their total car models to 25 (from 60). What they could do is get rid of all Buicks expect Lucerne and Enclave; get rid of all Pontiacs except G6; get rid of all GMCs except Sierra and Yukon; get rid of all Saturns except the Vue; get rid of Saab all together; get rid of at least three Chevy models; get rid of at least two Cadillac models.
2) Get rid of half the dealerships. Chevy seems to have the best distribution so change the Chevy dealerships to Chevy, BPG, Saturn, and Cadillac
3) Close at least three of the five regional offices
4) Close all Zone offices and have employees work out of their homes
5) Get rid of 50% or more of white collar workers in the field
6) The factories will close based upon which models will be discontinued
7) Have upper management take a 35% pay cut
8) Have middle management take a 20% pay cut
9) Cut advertising from $2.3 billion per year to $750 million
10) Get rid of advertising groups and have national advertising only
11) Get rid of co-op advertising dollars
12) Get rid of all promotional advertising
13) Cut all regional and national meetings that cost more than $100,000
14) No parties for auto shows
15) Have special cash incentives for cash only purchases
16) Once the Volt battery is discovered, convert at least half the cars and trucks left after the cut to Hybrid
17) Move 1/2 the engineers to be used to discover more fuel efficient standards and more alternative fuel / hybrid cars
18) Sell all five planes and travel coach (a $100 million savings from cost of planes and a $100 million savings in yearly air cost for a total savings of $200 million).

]]> http://seekingalpha.com/article/108372-friday-options-update-c-gm-f-ge-chk-aem?source=feed#comment-316910 316910 1) Sell All of GMAC and the Insurance Business (Ditech)
2) Cut down from five regional offices to two. One in Atlanta (east of the Mississippi River)and one in LA (west of Mississippi River). That means Chicago, New York, and Dallas are closed. With about 250 people working in each location (750 total) at an average of $100,000 each, that is a yearly savings of $75 million. Operation cost (rent, equipment, etc.) at the three locations will save another $1.8 million. Benefits for the 750 employees will save another (at $20,000 each) another $15 million.
3) Next, there is an average of three offices per state (local offices in cities across the country), if we close them, that is another $3 million in office space.
4) Next, the District Managers work out of their house and the Zone Managers (or whatever term is given to them), could be let go. They make around $150,000 a year and there are about 75 of them. Again, a savings of $11.25 million. With benefits, a total of $12.75 million in savings.
5) Next, cut around 150 jobs at the Detroit GM Headquarters. A savings of around $18 million with benefits.
6) Next, cut Buick down to two cars (Enclave and Lucerne), cut Pontiac to one (G6), cut GMC to two (Yukon and Sierra), cut Saturn to one (Vue) – and put all cars to a new umbrella called “United GM”. This will save GM billions. Also cut back on two Chevy models and two Cadillac models.
7) Next, cut advertising in December, January, February, March, April, and May (with the exception of auto show advertising for a three week period during the show and its incentives). This will save GM around $1.4 billion.
8) Sell all five planes. This will save GM $100 million in sales and another $100 million in yearly travel expenses for a total savings of $200 million dollars.
Plan Two on Fixing GM
How to save GM
1) GM needs to cut their total car models to 25 (from 60). What they could do is get rid of all Buicks expect Lucerne and Enclave; get rid of all Pontiacs except G6; get rid of all GMCs except Sierra and Yukon; get rid of all Saturns except the Vue; get rid of Saab all together; get rid of at least three Chevy models; get rid of at least two Cadillac models.
2) Get rid of half the dealerships. Chevy seems to have the best distribution so change the Chevy dealerships to Chevy, BPG, Saturn, and Cadillac
3) Close at least three of the five regional offices
4) Close all Zone offices and have employees work out of their homes
5) Get rid of 50% or more of white collar workers in the field
6) The factories will close based upon which models will be discontinued
7) Have upper management take a 35% pay cut
8) Have middle management take a 20% pay cut
9) Cut advertising from $2.3 billion per year to $750 million
10) Get rid of advertising groups and have national advertising only
11) Get rid of co-op advertising dollars
12) Get rid of all promotional advertising
13) Cut all regional and national meetings that cost more than $100,000
14) No parties for auto shows
15) Have special cash incentives for cash only purchases
16) Once the Volt battery is discovered, convert at least half the cars and trucks left after the cut to Hybrid
17) Move 1/2 the engineers to be used to discover more fuel efficient standards and more alternative fuel / hybrid cars
18) Sell all five planes and travel coach (a $100 million savings from cost of planes and a $100 million savings in yearly air cost for a total savings of $200 million).

]]> Fri, 28 Nov 2008 16:42:26 -0500 1) Sell All of GMAC and the Insurance Business (Ditech)
2) Cut down from five regional offices to two. One in Atlanta (east of the Mississippi River)and one in LA (west of Mississippi River). That means Chicago, New York, and Dallas are closed. With about 250 people working in each location (750 total) at an average of $100,000 each, that is a yearly savings of $75 million. Operation cost (rent, equipment, etc.) at the three locations will save another $1.8 million. Benefits for the 750 employees will save another (at $20,000 each) another $15 million.
3) Next, there is an average of three offices per state (local offices in cities across the country), if we close them, that is another $3 million in office space.
4) Next, the District Managers work out of their house and the Zone Managers (or whatever term is given to them), could be let go. They make around $150,000 a year and there are about 75 of them. Again, a savings of $11.25 million. With benefits, a total of $12.75 million in savings.
5) Next, cut around 150 jobs at the Detroit GM Headquarters. A savings of around $18 million with benefits.
6) Next, cut Buick down to two cars (Enclave and Lucerne), cut Pontiac to one (G6), cut GMC to two (Yukon and Sierra), cut Saturn to one (Vue) – and put all cars to a new umbrella called “United GM”. This will save GM billions. Also cut back on two Chevy models and two Cadillac models.
7) Next, cut advertising in December, January, February, March, April, and May (with the exception of auto show advertising for a three week period during the show and its incentives). This will save GM around $1.4 billion.
8) Sell all five planes. This will save GM $100 million in sales and another $100 million in yearly travel expenses for a total savings of $200 million dollars.
Plan Two on Fixing GM
How to save GM
1) GM needs to cut their total car models to 25 (from 60). What they could do is get rid of all Buicks expect Lucerne and Enclave; get rid of all Pontiacs except G6; get rid of all GMCs except Sierra and Yukon; get rid of all Saturns except the Vue; get rid of Saab all together; get rid of at least three Chevy models; get rid of at least two Cadillac models.
2) Get rid of half the dealerships. Chevy seems to have the best distribution so change the Chevy dealerships to Chevy, BPG, Saturn, and Cadillac
3) Close at least three of the five regional offices
4) Close all Zone offices and have employees work out of their homes
5) Get rid of 50% or more of white collar workers in the field
6) The factories will close based upon which models will be discontinued
7) Have upper management take a 35% pay cut
8) Have middle management take a 20% pay cut
9) Cut advertising from $2.3 billion per year to $750 million
10) Get rid of advertising groups and have national advertising only
11) Get rid of co-op advertising dollars
12) Get rid of all promotional advertising
13) Cut all regional and national meetings that cost more than $100,000
14) No parties for auto shows
15) Have special cash incentives for cash only purchases
16) Once the Volt battery is discovered, convert at least half the cars and trucks left after the cut to Hybrid
17) Move 1/2 the engineers to be used to discover more fuel efficient standards and more alternative fuel / hybrid cars
18) Sell all five planes and travel coach (a $100 million savings from cost of planes and a $100 million savings in yearly air cost for a total savings of $200 million).

]]> http://seekingalpha.com/article/108372-friday-options-update-c-gm-f-ge-chk-aem?source=feed#comment-316909 316909 1) Sell All of GMAC and the Insurance Business (Ditech)
2) Cut down from five regional offices to two. One in Atlanta (east of the Mississippi River)and one in LA (west of Mississippi River). That means Chicago, New York, and Dallas are closed. With about 250 people working in each location (750 total) at an average of $100,000 each, that is a yearly savings of $75 million. Operation cost (rent, equipment, etc.) at the three locations will save another $1.8 million. Benefits for the 750 employees will save another (at $20,000 each) another $15 million.
3) Next, there is an average of three offices per state (local offices in cities across the country), if we close them, that is another $3 million in office space.
4) Next, the District Managers work out of their house and the Zone Managers (or whatever term is given to them), could be let go. They make around $150,000 a year and there are about 75 of them. Again, a savings of $11.25 million. With benefits, a total of $12.75 million in savings.
5) Next, cut around 150 jobs at the Detroit GM Headquarters. A savings of around $18 million with benefits.
6) Next, cut Buick down to two cars (Enclave and Lucerne), cut Pontiac to one (G6), cut GMC to two (Yukon and Sierra), cut Saturn to one (Vue) – and put all cars to a new umbrella called “United GM”. This will save GM billions. Also cut back on two Chevy models and two Cadillac models.
7) Next, cut advertising in December, January, February, March, April, and May (with the exception of auto show advertising for a three week period during the show and its incentives). This will save GM around $1.4 billion.
8) Sell all five planes. This will save GM $100 million in sales and another $100 million in yearly travel expenses for a total savings of $200 million dollars.
Plan Two on Fixing GM
How to save GM
1) GM needs to cut their total car models to 25 (from 60). What they could do is get rid of all Buicks expect Lucerne and Enclave; get rid of all Pontiacs except G6; get rid of all GMCs except Sierra and Yukon; get rid of all Saturns except the Vue; get rid of Saab all together; get rid of at least three Chevy models; get rid of at least two Cadillac models.
2) Get rid of half the dealerships. Chevy seems to have the best distribution so change the Chevy dealerships to Chevy, BPG, Saturn, and Cadillac
3) Close at least three of the five regional offices
4) Close all Zone offices and have employees work out of their homes
5) Get rid of 50% or more of white collar workers in the field
6) The factories will close based upon which models will be discontinued
7) Have upper management take a 35% pay cut
8) Have middle management take a 20% pay cut
9) Cut advertising from $2.3 billion per year to $750 million
10) Get rid of advertising groups and have national advertising only
11) Get rid of co-op advertising dollars
12) Get rid of all promotional advertising
13) Cut all regional and national meetings that cost more than $100,000
14) No parties for auto shows
15) Have special cash incentives for cash only purchases
16) Once the Volt battery is discovered, convert at least half the cars and trucks left after the cut to Hybrid
17) Move 1/2 the engineers to be used to discover more fuel efficient standards and more alternative fuel / hybrid cars
18) Sell all five planes and travel coach (a $100 million savings from cost of planes and a $100 million savings in yearly air cost for a total savings of $200 million).

]]> Fri, 28 Nov 2008 16:41:51 -0500 1) Sell All of GMAC and the Insurance Business (Ditech)
2) Cut down from five regional offices to two. One in Atlanta (east of the Mississippi River)and one in LA (west of Mississippi River). That means Chicago, New York, and Dallas are closed. With about 250 people working in each location (750 total) at an average of $100,000 each, that is a yearly savings of $75 million. Operation cost (rent, equipment, etc.) at the three locations will save another $1.8 million. Benefits for the 750 employees will save another (at $20,000 each) another $15 million.
3) Next, there is an average of three offices per state (local offices in cities across the country), if we close them, that is another $3 million in office space.
4) Next, the District Managers work out of their house and the Zone Managers (or whatever term is given to them), could be let go. They make around $150,000 a year and there are about 75 of them. Again, a savings of $11.25 million. With benefits, a total of $12.75 million in savings.
5) Next, cut around 150 jobs at the Detroit GM Headquarters. A savings of around $18 million with benefits.
6) Next, cut Buick down to two cars (Enclave and Lucerne), cut Pontiac to one (G6), cut GMC to two (Yukon and Sierra), cut Saturn to one (Vue) – and put all cars to a new umbrella called “United GM”. This will save GM billions. Also cut back on two Chevy models and two Cadillac models.
7) Next, cut advertising in December, January, February, March, April, and May (with the exception of auto show advertising for a three week period during the show and its incentives). This will save GM around $1.4 billion.
8) Sell all five planes. This will save GM $100 million in sales and another $100 million in yearly travel expenses for a total savings of $200 million dollars.
Plan Two on Fixing GM
How to save GM
1) GM needs to cut their total car models to 25 (from 60). What they could do is get rid of all Buicks expect Lucerne and Enclave; get rid of all Pontiacs except G6; get rid of all GMCs except Sierra and Yukon; get rid of all Saturns except the Vue; get rid of Saab all together; get rid of at least three Chevy models; get rid of at least two Cadillac models.
2) Get rid of half the dealerships. Chevy seems to have the best distribution so change the Chevy dealerships to Chevy, BPG, Saturn, and Cadillac
3) Close at least three of the five regional offices
4) Close all Zone offices and have employees work out of their homes
5) Get rid of 50% or more of white collar workers in the field
6) The factories will close based upon which models will be discontinued
7) Have upper management take a 35% pay cut
8) Have middle management take a 20% pay cut
9) Cut advertising from $2.3 billion per year to $750 million
10) Get rid of advertising groups and have national advertising only
11) Get rid of co-op advertising dollars
12) Get rid of all promotional advertising
13) Cut all regional and national meetings that cost more than $100,000
14) No parties for auto shows
15) Have special cash incentives for cash only purchases
16) Once the Volt battery is discovered, convert at least half the cars and trucks left after the cut to Hybrid
17) Move 1/2 the engineers to be used to discover more fuel efficient standards and more alternative fuel / hybrid cars
18) Sell all five planes and travel coach (a $100 million savings from cost of planes and a $100 million savings in yearly air cost for a total savings of $200 million).

]]> http://seekingalpha.com/article/107368-washington-s-foot-dragging-on-automaker-bailout-disappoints-markets?source=feed#comment-312674 312674 1) GM needs to cut their total car models to 25 (from 60). What they could do is get rid of all Buicks expect Lucerne and Terraza; get rid of all Pontiacs except G6; get rid of all GMCs except Sierra and Yukon; get rid of all Saturns except the Vue; get rid of Saab all together; get rid of at least three Chevy models; get rid of at least two Cadillac models.
2) Get rid of half the dealerships. Chevy seems to have the best distribution so change the Chevy dealerships to Chevy, BPG, Saturn, and Cadillac
3) Close at least three of the five regional offices
4) Close all Zone offices and have employees work out of their homes
5) Get rid of 50% or more of white collar workers in the field
6) The factories will close based upon which models will be discontinued
7) Have upper management take a 35% pay cut
8) Have middle management take a 20% pay cut
9) Cut advertising from $2.3 billion per year to $750 million
10) Get rid of advertising groups and have national advertising only
11) Get rid of co-op advertising dollars
12) Get rid of all promotional advertising
13) Cut all regional and national meetings that cost more than $100,000
14) No parties for auto shows
15) Have special cash incentives for cash only purchases
16) Once the Volt battery is discovered, convert at least half the cars and trucks left after the cut to Hybrid
17) Move 1/2 the engineers to be used to discover more fuel efficient standards and more alternative fuel / hybrid cars]]> Sat, 22 Nov 2008 19:17:22 -0500 1) GM needs to cut their total car models to 25 (from 60). What they could do is get rid of all Buicks expect Lucerne and Terraza; get rid of all Pontiacs except G6; get rid of all GMCs except Sierra and Yukon; get rid of all Saturns except the Vue; get rid of Saab all together; get rid of at least three Chevy models; get rid of at least two Cadillac models.
2) Get rid of half the dealerships. Chevy seems to have the best distribution so change the Chevy dealerships to Chevy, BPG, Saturn, and Cadillac
3) Close at least three of the five regional offices
4) Close all Zone offices and have employees work out of their homes
5) Get rid of 50% or more of white collar workers in the field
6) The factories will close based upon which models will be discontinued
7) Have upper management take a 35% pay cut
8) Have middle management take a 20% pay cut
9) Cut advertising from $2.3 billion per year to $750 million
10) Get rid of advertising groups and have national advertising only
11) Get rid of co-op advertising dollars
12) Get rid of all promotional advertising
13) Cut all regional and national meetings that cost more than $100,000
14) No parties for auto shows
15) Have special cash incentives for cash only purchases
16) Once the Volt battery is discovered, convert at least half the cars and trucks left after the cut to Hybrid
17) Move 1/2 the engineers to be used to discover more fuel efficient standards and more alternative fuel / hybrid cars]]> http://seekingalpha.com/article/107368-washington-s-foot-dragging-on-automaker-bailout-disappoints-markets?source=feed#comment-312673 312673 Sat, 22 Nov 2008 19:14:15 -0500 http://seekingalpha.com/article/107365-does-the-auto-industry-deserve-to-be-bailed-out?source=feed#comment-312672 312672 Sat, 22 Nov 2008 19:13:43 -0500 http://seekingalpha.com/article/107365-does-the-auto-industry-deserve-to-be-bailed-out?source=feed#comment-312671 312671
2) Get rid of half the dealerships. Chevy seems to have the best distribution so change the Chevy dealerships to Chevy, BPG, Saturn, and Cadillac

3) Close at least three of the five regional offices

4) Close all Zone offices and have employees work out of their homes

5) Get rid of 50% or more of white collar workers in the field

6) The factories will close based upon which models will be discountinued

7) Have upper management take a 35% pay cut

8) Have middle management take a 20% pay cut

9) Cut advertising from $2.3 billion per year to $750 million

10) Get rid of advertising groups and have national advertising only

11) Get rid of co-op advertising dollars

12) Get rid of all promotional advertising

13) Cut all regional and national meetings that cost more than $100,000

14) No parties for auto shows

15) Have special cash incentives for cash only purchases

Comment by Saving GM - November 22, 2008 at 7:02 pm ]]> Sat, 22 Nov 2008 19:12:03 -0500
2) Get rid of half the dealerships. Chevy seems to have the best distribution so change the Chevy dealerships to Chevy, BPG, Saturn, and Cadillac

3) Close at least three of the five regional offices

4) Close all Zone offices and have employees work out of their homes

5) Get rid of 50% or more of white collar workers in the field

6) The factories will close based upon which models will be discountinued

7) Have upper management take a 35% pay cut

8) Have middle management take a 20% pay cut

9) Cut advertising from $2.3 billion per year to $750 million

10) Get rid of advertising groups and have national advertising only

11) Get rid of co-op advertising dollars

12) Get rid of all promotional advertising

13) Cut all regional and national meetings that cost more than $100,000

14) No parties for auto shows

15) Have special cash incentives for cash only purchases

Comment by Saving GM - November 22, 2008 at 7:02 pm ]]> http://seekingalpha.com/article/99633-big-three-automakers-desperation-for-survival?source=feed#comment-281265 281265 1) Sell All of GMAC and the Insurance Business (Ditech)
2) Cut down from five regional offices to two. One in Atlanta (east of the Mississippi River)and one in LA (west of Mississippi River). That means Chicago, New York, and Dallas are closed. With about 250 people working in each location (750 total) at an average of $100,000 each, that is a yearly savings of $75 million. Operation cost (rent, equipment, etc.) at the three locations will save another $1.8 million. Benefits for the 750 employees will save another (at $20,000 each) another $15 million.
3) Next, there is an average of three offices per state (local offices in cities across the country), if we close them, that is another $3 million in office space.
4) Next, the District Managers work out of their house and the Zone Managers (or whatever term is given to them), could be let go. They make around $150,000 a year and there are about 75 of them. Again, a savings of $11.25 million. With benefits, a total of $12.75 million in savings.
5) Next, cut around 150 jobs at the Detroit GM Headquarters. A savings of around $18 million with benefits.
6) Next, cut Buick down to two cars (Enclave and Lucerne), cut Pontiac to one (G6), cut GMC to two (Yukon and Sierra), cut Saturn to one (Vue) – and put all cars to a new umbrella called “United GM”. This will save GM billions. Also cut back on two Chevy models and two Cadillac models.
7) Next, cut advertising in November, December, January, February, March, April, and May (with the exception of auto show advertising for a three week period during the show and its incentives). This will save GM around $1.4 billion.
]]> Mon, 13 Oct 2008 10:47:46 -0400 1) Sell All of GMAC and the Insurance Business (Ditech)
2) Cut down from five regional offices to two. One in Atlanta (east of the Mississippi River)and one in LA (west of Mississippi River). That means Chicago, New York, and Dallas are closed. With about 250 people working in each location (750 total) at an average of $100,000 each, that is a yearly savings of $75 million. Operation cost (rent, equipment, etc.) at the three locations will save another $1.8 million. Benefits for the 750 employees will save another (at $20,000 each) another $15 million.
3) Next, there is an average of three offices per state (local offices in cities across the country), if we close them, that is another $3 million in office space.
4) Next, the District Managers work out of their house and the Zone Managers (or whatever term is given to them), could be let go. They make around $150,000 a year and there are about 75 of them. Again, a savings of $11.25 million. With benefits, a total of $12.75 million in savings.
5) Next, cut around 150 jobs at the Detroit GM Headquarters. A savings of around $18 million with benefits.
6) Next, cut Buick down to two cars (Enclave and Lucerne), cut Pontiac to one (G6), cut GMC to two (Yukon and Sierra), cut Saturn to one (Vue) – and put all cars to a new umbrella called “United GM”. This will save GM billions. Also cut back on two Chevy models and two Cadillac models.
7) Next, cut advertising in November, December, January, February, March, April, and May (with the exception of auto show advertising for a three week period during the show and its incentives). This will save GM around $1.4 billion.
]]> http://seekingalpha.com/article/99404-friday-options-update-ms-xlf-wfc-gs-zion-xray-fdry-ha-gm?source=feed#comment-279457 279457 Fri, 10 Oct 2008 19:34:30 -0400 http://seekingalpha.com/article/99404-friday-options-update-ms-xlf-wfc-gs-zion-xray-fdry-ha-gm?source=feed#comment-279287 279287 1) Cut down from five regional offices to two. One in Atlanta (east
of Lake)and one in LA (west of Lake). That means Chicago, New York,
and Dallas are closed. With about 250 people working in each location
(750 total) at an average of $100,000 each, that is a yearly savings
of $75 million. Operation cost (rent, equipment, etc.) at the three
locations will save another $1.8 million. Benefits for the 750
employees will save another (at $20,000 each) another $15 million.
2) Next, there is an average of three offices per state (local
offices in cities across the country), if we close them, that is
another $3 million in office space.
3) Next, the District Managers work out of their house and the Zone
Managers (or whatever term is given to them), could be let go. They
make around $150,000 a year and there are about 75 of them. Again, a
savings of $11.25 million. With benefits, a total of $12.75 million
in savings.
4) Next, cut around 150 jobs at the Detroit GM Headquarters. A
savings of around $18 million with benefits.
5) Next, cut Buick down to two cars (Enclave and Lucerne), cut
Pontiac to one (G6), cut GMC to two (Yukon and Sierra), cut Saturn to
one (Vue) – and put all cars to a new umbrella called “United
GM”. This will save GM billions
6) Next, cut advertising in November, December, January, February,
March, April, and May (with the exception of auto show advertising
for a three week period during the show and its incentives). This
will save GM around $1.4 billion.
Total Savings for GM = $123.75 million in salaries for # 1-4, $1.4
million in savings for #6, and for #5, I do not know the exact number
but it should be a savings of around $25 billion.
]]> Fri, 10 Oct 2008 15:38:18 -0400 1) Cut down from five regional offices to two. One in Atlanta (east
of Lake)and one in LA (west of Lake). That means Chicago, New York,
and Dallas are closed. With about 250 people working in each location
(750 total) at an average of $100,000 each, that is a yearly savings
of $75 million. Operation cost (rent, equipment, etc.) at the three
locations will save another $1.8 million. Benefits for the 750
employees will save another (at $20,000 each) another $15 million.
2) Next, there is an average of three offices per state (local
offices in cities across the country), if we close them, that is
another $3 million in office space.
3) Next, the District Managers work out of their house and the Zone
Managers (or whatever term is given to them), could be let go. They
make around $150,000 a year and there are about 75 of them. Again, a
savings of $11.25 million. With benefits, a total of $12.75 million
in savings.
4) Next, cut around 150 jobs at the Detroit GM Headquarters. A
savings of around $18 million with benefits.
5) Next, cut Buick down to two cars (Enclave and Lucerne), cut
Pontiac to one (G6), cut GMC to two (Yukon and Sierra), cut Saturn to
one (Vue) – and put all cars to a new umbrella called “United
GM”. This will save GM billions
6) Next, cut advertising in November, December, January, February,
March, April, and May (with the exception of auto show advertising
for a three week period during the show and its incentives). This
will save GM around $1.4 billion.
Total Savings for GM = $123.75 million in salaries for # 1-4, $1.4
million in savings for #6, and for #5, I do not know the exact number
but it should be a savings of around $25 billion.
]]> http://seekingalpha.com/article/99089-bargain-hunting-oracle-symantec-tata-go-shopping?source=feed#comment-278979 278979 Fri, 10 Oct 2008 11:28:42 -0400 http://seekingalpha.com/article/98985-it-is-darkest-before-dawn?source=feed#comment-278977 278977 Fri, 10 Oct 2008 11:27:46 -0400 http://seekingalpha.com/article/99089-bargain-hunting-oracle-symantec-tata-go-shopping?source=feed#comment-277646 277646 Thu, 09 Oct 2008 09:36:19 -0400 http://seekingalpha.com/article/98431-10-ways-the-financial-meltdown-impacts-tech?source=feed#comment-276183 276183 Tue, 07 Oct 2008 17:02:30 -0400 http://seekingalpha.com/article/98269-auto-industry-recovery-once-again-postponed?source=feed#comment-274254 274254 Sun, 05 Oct 2008 19:12:16 -0400 http://seekingalpha.com/article/98416-september-auto-sales-why-was-ford-hit-so-hard?source=feed#comment-272535 272535 Fri, 03 Oct 2008 09:49:57 -0400 http://seekingalpha.com/article/97764-oracle-ready-to-spend-billions-on-m-a?source=feed#comment-269056 269056 Mon, 29 Sep 2008 19:25:50 -0400