DTD

Let's Hope the Auto Bailout Has Failed for Good

Who are these "seeking alpha" clowns anyhow? They clearly lack a basic grasp of business and marketing.

"One crucial point widely ignored in all the talk of U.S. auto industry collapse is that in the current situation we're actually just talking about the collapse of the current major US auto companies, in their current form, and not necessarily the industry."

Really? Apparently these guys need to learn a little about how intertwined the industry really is and how slim the margins are for most of the suppliers out there. What happens when those suppliers (currently debtors to GM, F, & C) are forced to take cents on the dollar as payment? How many of THEM will collapse? I'm going with Mark Zandi's view of things being cataclysmic in the event of a bankruptcy.

Let's Hope the Auto Bailout Has Failed for Good

You're CLEARLY not paying a bit of attention to what's been going on.
Bonuses? Gone. Salaries for the CEO? $1 under the new plan. Options? Nope. Jets? Gone.


On Dec 12 08:15 AM jam221 wrote:

> hmmm, how about cuttin the fat from the top down, do they all need
> a half dozen private jets, how about the upper managements huge bonuses,
> when their companies are in the crapper, should these idiots at the
> top still get hundreds of thousands of dollars worth of stock and
> options, and instead of making millons of dollars a year for driving
> their companies into the dirt, maybe their wadges shouldnt be any
> higher than 25 percent above their top paid hourly workers, i mean
> really its not like management builds anything or even adds anything
> to the autos, Stop running car adds every few mins on all the tv
> channels, heck just doing that would get them back in the black,
> then maybe a car wouldnt have to sell for 30 grand, and the working
> man could afford to buy 1, maybe even pay his mortgage also if an
> auto didnt cost as much as a house

A GM Collapse Would Signal Hope for Robin Hood

Read that a few times and I'm still trying to figure out what point, if any, the article is trying to make.

I love how people in the auto-industry hate-club like Mr. Mulligan are quick to throw out numbers like $70 per hour when nobody else in the world has a realistic measure for their total hourly compensation. Why not use the numbers that people can actually relate to? Approx $28/hour plus a very nice benefit package. And then make sure you also mention that the new UAW contract has a two-tiered wage system where new hires receive about $17/hour with less of a benefit package.

Then there are all of the other cuts and restructuring that GM has been doing in recent years to remove billions of dollars in cost from the operation. How convenient to forget all of that when your intent is to criticize the industry/

Let GM Fail

Exactly!

What is with these idiots spouting off nonsense like "more cars that nobody wants or can afford to buy"?

Last I checked, GM sold over 9 million cars worldwide last year, and was the #1 selling company in the U.S. with nearly 1/4 of the market here. That's a whole lot more than "nobody".


On Nov 17 04:04 PM dpro0102 wrote:

> "if maintained by government money, can only churn out even more
> cars that nobody wants or can afford to buy"
>
> Start out with that comment - and it makes you a Moron. Pure and
> simple. GM outsells all comers in North America. Cars that Americans
> are buying. It's funny how we can't stereotype people any longer
> - as it's been proven that - for instance - calling all poor people
> stupid isn't all that truthful. Taking out your wide tipped marker
> and painting all of GM's vehicles as being 'cars nobody wants to
> buy' shows the same sort of stereotyping ,and a lot of ignorance.
> Get over yourself, and stop attempting to pass off your opinion as
> fact. Opinions are most often not fact. Especially in the case of
> yours'.
>
> There are plenty of Americans that want to buy a GMC Acadia. There
> a tons of them that want to buy a Chevy Malibu. Quite a few want
> a Cadillac CTS. The Buick Enclave is selling very well, under 30
> days of inventory even in these market conditions. Their pick-ups
> and Tahoes/Suburbans are the best of their breed. Look at the here
> and now, and not the 90's when trying to sum up GM's product offerings.
> The here and now is impressive.