Quote:
Originally Posted by dsq
gm is doomed...they have never moved beyond the 70s.They hate change.Listen to the ceo's of gm over the last 30 yrs and they are a bunch of crusty old men, their mentality/attitude is stuck in 1965.Bob lutz who is head of product development thinks like gas is 25cents and climate change is a conspiracy.GM is a dinosaur that will die because it refuses to adapt.In the 70s jap car companys seized the opportunity of high oil prices by producing gas miser cars.It took american cars at least 5yrs to get with the program.In that time jap car makers got their foot in the door.Right now gas is at record prices and the japs have responded by making hybrids for the last 5 yrs or so...Meanwhile gm is promoting gas hogs and their hybrids are SUV's...Unbeleivable...So its no wonder toyota now is the no 1 car maker in the world.
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I told ya,GM is unofficially bankrupt now.
GM currently from an operational view, is bankrupt without the 8billion bailout received from taxpayers a month ago.They would have filed chap11 without that 8bil handout.Now the big 3 are all asking for a 50billion handout.Personally,if they get this bailout i say all the ceo's and boards should be fired/ replaced.They are no longer capitalistic enterprises.They are govt run programs.Bob lutz the putz and rick wagoner,2 idiots now asking you the taxpayer for money.Nardelli from chrysler drove home depot into the ground and then stole a 250million dollar severance paycheck from the shareholders.Morons.