Repper

How to Save the U.S. Economy

"GM/F/C have sold on price and rebates, not quality, for years. just
> like ATT and MCI, when they ruined long distance by competing on
> price, and TOY/HON have just made fortunes and increased share. Even
> Hyundai is perceived as better than GM now, as a former Auto Loan
> repo guy in a bank, we would never even repo a hyundai 10yrs ago,
> it was not worth it. Now Hyundai is a great car with increasing market
> share."

I'm SO sick of people blasting the products produced by the US automakers. The OBJECTIVE TRUTH is that they are building world class quality cars and trucks with world class fuel efficiency. Compare styling and they blow Toyota away. GM’s products are the benchmark in many segments. Look at the data! And [really] look at the cars!
The problem is the perception that keeps getting perpetuated that they don't build good cars and trucks. Many won't even look at them because of this ridiculous, pervasive misconception.
Yes, they had problems in the 70’s, 80's and early 90's. They got very complacent, and their products suffered. The companies have changed drastically since then, they HAVE BEEN doing the right things, but since so many consumers have written them off for past sins, they are having trouble getting some people to even look at domestic vehicles. Now with this perfect storm of the economy, and their legacy costs they are obviously hurting.
Letting them fail would truly send the economy into deep depression. Apparently most don't realize how much this manufacturing base effects every part of our economy. Yes, it hurts to say we're gonna "bail them out", but all they need is affordable loans to continue on the RIGHT path of building great vehicles and getting ahead of the competition with alternative fuel technologies. The American public would do the most for their economy if they would just CONSIDER buying American. It would help 'themselves' as well because the government can make a good deal of money from these loans (see the Chrysler "bailout" of the early 80s).
Before blindly bashing, please give a real look at the products that are being produced today and educate yourself with the facts. Try visiting gmfactsandfiction.com/.../ . Yes, it is compiled by GM, but all the facts included are from third-party sources to which links are provided. Dispel your misinformed misconceptions about GM and the other domestic auto makers.


On Nov 12 09:10 AM Beabaggage wrote:

> GM/F/C all need to go into bankruptcy with govt assistance to bring
> them into the millenium with PBGC taking over pensions, removing
> legacy costs, hiring Toyota or Honda managers to run it and keep
> the industry vital. Assure payments to suppliers, back warranties
> so people will buy. Cut brands- Mercury, Ford and Lincoln products
> are all the same? who needs all these brands? same with Chevy,Pontiac.
> Cut out the management. Set up an ESOP, let the employees that remain
> participate in growth, work for it.
>
> GM/F/C have sold on price and rebates, not quality, for years. just
> like ATT and MCI, when they ruined long distance by competing on
> price, and TOY/HON have just made fortunes and increased share. Even
> Hyundai is perceived as better than GM now, as a former Auto Loan
> repo guy in a bank, we would never even repo a hyundai 10yrs ago,
> it was not worth it. Now Hyundai is a great car with increasing market
> share.
>
> No one bailed out Steel, it was let to fail in the 70-80s, the survivors
> are strong and can compete.
>
> Stronger dollar will also help kill the autos. CN and MX plants looking
> good now.
> LONG PAL, SWC and ZINC, all which would benefit from a stable industry.
> But when things recover, Hyundai, Hon/Toy/VW all can sell cars and
> will need this Plat/Pall and who cares who buys it. The auto market
> is all about the 3rd world anyway now, not the US.