[stemmer]

GM's problems were not a lack of sales or poor quality... It was more due to the fact imports have an higher profit margin on their cars.... This can be attributed to the Big Three having an higher hourly wage and legacy costs of retirement pensions & healthcare benefits...

As many have already pointed out here GM's sales are #2 in the world only being slightly surpassed by Toyota in 2008... Prior to 2008 GM was the number one auto seller on the globe...

[poquas]

stemmer stemmer:

As many have already pointed out here GM's sales are #2 in the world only being slightly surpassed by Toyota in 2008... Prior to 2008 GM was the number one auto seller on the globe...

"Cheap" poorly built vehicles sold in high volumes still puts GM where they are today. Being number one prior to 2008 and being bankrupt in 2009 has to give you a hint that something has been wrong for a very long time.

[stemmer]

Again...the profit margin on domestic autos is a lot less then that on imports... Now please repeat this simple accounting principle until you clue in....

[ASLplease]

It wont surprise me if GM is still number 1 in truck sales for the next few years.

Do you guys remember what happened when the prices for CDRW drives got dropped to make way for new dvd technology? We bought into it so hard and heavy, it breathed life back into the market for many years.

[poquas]

stemmer stemmer:

Again...the profit margin on domestic autos is a lot less then that on imports... Now please repeat this simple accounting principle until you clue in....

Please cite your source. I think it's bullshit.

[ASLplease]

Same thing happened with sales for alberta beef. I filled my freezer, how about you?

[Mustang1]

stemmer stemmer:

GM's problems were not a lack of sales or poor quality... It was more due to the fact imports have an higher profit margin on their cars.... This can be attributed to the Big Three having an higher hourly wage and legacy costs of retirement pensions & healthcare benefits...

As many have already pointed out here GM's sales are #2 in the world only being slightly surpassed by Toyota in 2008... Prior to 2008 GM was the number one auto seller on the globe...

As per usual you're flat-ass wrong! Today's Globe and Mail business section + National Post + Fritz Henderson ALL attributed GM's woes to a lack of consumer confidence in the product. One of those contributing factors was POOR QUALITY. But hey, they're ALL wrong and you and Canadian Tire crew are right. Riiiiiight.

[Mustang1]

poquas poquas:

stemmer stemmer:

Again...the profit margin on domestic autos is a lot less then that on imports... Now please repeat this simple accounting principle until you clue in....

Please cite your source. I think it's bullshit.

Actually, i'm interested in seeing this too.

[OnTheIce]

Robair Robair:

Mustang1 Mustang1:

I don't want to see people out of work for GM's mistakes, but they are, in fact GM's mistakes, and now it's come back to bite them in the bankrupted ass.

No, actually, it's biting me in the ass. You too.

Any tax payer should be pissed about this. Unless they work at GM...

We'd be paying for them regardless either through EI and other assistance programs. Isn't it better to pay less and save an industry at the same time?

[poquas]

What we'd pay through social support would have been a fraction of what this has cost. Much like Fiat picking up Chrysler, someone would have picked up the pieces of GM twenty billion dollars ago.

Frankly, I'm not convinced the "new GM" has anything more to offer than the "old GM".

[OnTheIce]

poquas poquas:

What we'd pay through social support would have been a fraction of what this has cost. Much like Fiat picking up Chrysler, someone would have picked up the pieces of GM twenty billion dollars ago.

Frankly, I'm not convinced the "new GM" has anything more to offer than the "old GM".

Mostly your opinion, mind you.....that's ok though

[Robair]

OnTheIce OnTheIce:

Robair Robair:

Mustang1 Mustang1:

I don't want to see people out of work for GM's mistakes, but they are, in fact GM's mistakes, and now it's come back to bite them in the bankrupted ass.

No, actually, it's biting me in the ass. You too.

Any tax payer should be pissed about this. Unless they work at GM...

We'd be paying for them regardless either through EI and other assistance programs. Isn't it better to pay less and save an industry at the same time?

Huh? Either way that equates to a bite out of the taxpayers ass due to GM's mistakes... ...so I shouldn't be pissed at GM because...?

*shrug* maybe I'm missunderstanding your post, maybe you missread mine.

[OnTheIce]

Robair Robair:

Huh? Either way that equates to a bite out of the taxpayers ass due to GM's mistakes... ...so I shouldn't be pissed at GM because...?

*shrug* maybe I'm missunderstanding your post, maybe you missread mine.

Course we should be upset....but the ass bite is smaller taking this route than the other.

[Proculation]

OnTheIce OnTheIce:

Robair Robair:

Huh? Either way that equates to a bite out of the taxpayers ass due to GM's mistakes... ...so I shouldn't be pissed at GM because...?

*shrug* maybe I'm missunderstanding your post, maybe you missread mine.

Course we should be upset....but the ass bite is smaller taking this route than the other.

That is only your and the governement's opinion. That doesn't mean it's true. 13B$ was wasted here: there's no return on investment. Wow we own 12.5% of GM but owning an endebted company is not a very good idea IMO.

That's a vote buying scheme to "prove" the government is "in control". But the governement cannot control the economy. It can only take our money and give it to others to buy them.

[Bodah]

How many times have we bailed out the auto-industry ? This is like grandpa on life support pull the plug already.

Once they learn to start making cars that people actually want instead making cars they want to sell. They might actually get ahead. Electric Cars, make them. People want them.