wildcat

Detroit News: "GM will announce 'important changes'"

102 posts in this topic

The O.C.    2
The Detroit News revealed today that "GM will announce 'important changes' on Friday. To view the article, click here.

You think we'll hear anything about GM/Chrysler?

Considering that GM said they wanted to have such a deal, if possible, drawn up by the end of October.....

:deathwatch:

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smk4565    361

It better be real change, and not the "rearranging the chairs on the deck of the Titanic" crap they have been doing with the "new" G3 and Traverse or financing that fits and red tag sales. Rebadging and discounts is how they got into the mess, and they are still doing it.

This is staggering:

"GM's sales in the United States are down 20.3 percent this year and the automaker has lost approximately $70 billion since 2004."

Toyota has made $59 billion in profit since then, that is a $130 billion difference! GM at this point probably has to declare bankruptcy, get rid of the union, get new management, and start over from scratch with 3-4 brands.

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ZL-1    160

The issue with an OEM declaring bankruptcy is panic re warranties. People would think the company is tanking and would massively and suddenly go elsewhere.

I hope these major changes are related to NA operations and a plan to conserve cash. idk what such a plan would translate to in practical terms, but I'm curious to know what the news are...

Edited by ZL-1

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wildcat    0

Might they announce that GME will now oversee all future product design or perhaps the day-to-day operation of GMNA? I ask this particularly in light of a comment that was made today in the Buick forum here, after one poster derogatorily complained that car designers in Europe needed to improve their "vanilla" designs and someone responded that, after Friday, "you better get use to vanilla."

Edited by wildcat

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Could it be something as drastic as announcing GMNA cut to 4 brands by the end of the year? That would be a dramatic change.

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longtooth    0
Might they announce that GME will now oversee all future product design or perhaps the day-to-day operation of GMNA? I ask this particularly in light of a comment that was made today in the Buick forum here, after one poster derogatorily complained that car designers in Europe needed to improve their "vanilla" designs and someone responded that, after Friday, "you better get use to vanilla."

Nice detective work.

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Croc    268
Might they announce that GME will now oversee all future product design or perhaps the day-to-day operation of GMNA? I ask this particularly in light of a comment that was made today in the Buick forum here, after one poster derogatorily complained that car designers in Europe needed to improve their "vanilla" designs and someone responded that, after Friday, "you better get use to vanilla."

That was PCS. He likes to mindf@#k people here, so I wouldn't put blind faith into it until Friday comes along.

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daves87rs    354
Hmmm...I can only imagine it will be a Not Good announcement..more layoffs and plant closures? Models to be dropped?

Ummm.....yep- not good.

That's all I can say....

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Chazman    1
Hmmm...I can only imagine it will be a Not Good announcement..more layoffs and plant closures? Models to be dropped?

Me too. I can't imagine anything good being announced.

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4gm    0

If it's not good news it has to be more layoffs/ plant closings. A distant possibility is bankruptcy which I would actually welcome at this point. They could blame it on the economy and the Bush administration. Most people would go along with that.

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smk4565    361

My guess is layoffs, closing almost all the factories for "winter vacation" in December, and more of the same old cost cutting they've done in the past. Typical GM of trying to cure the symptoms and not the disease. I hope they address the real problem of too many models/too many brands, too big a dealer network, and union employees that are paid too much compared to Toyota/Honda workers.

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daves87rs    354
My guess is layoffs, closing almost all the factories for "winter vacation" in December, and more of the same old cost cutting they've done in the past. Typical GM of trying to cure the symptoms and not the disease. I hope they address the real problem of too many models/too many brands, too big a dealer network, and union employees that are paid too much compared to Toyota/Honda workers.

Be careful what you wish for.....

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gmcbob    0

I don't think it's going to be bankruptcy, that would be the kiss of death for their sales, and they know it big time. I think it's going to be killing some models or maybe even the consolidation of Saturn into the BPG "brand" or something, with the ultimate elimination of Pontiac. But bankruptcy, I highly doubt that.

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