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GM Death Watch

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http://www.thetruthaboutcars.com/content/1...27324/index.php

I enjoy reading this series because there's occasionally some insight to the bigger picture. Farago is rooting for GM despite the constant gloom. He's just as frustrated by the nasty combination of historic short-sighted and ill-visioned GM execs, legacy union issues, and increased competition as many of us are.

The prospect of Tower and Delphi not coming to a good-for-all-parties agreement with the UAW is troubling. Seems the UAW will run GM into the ground and there's nothing that either GM or the UAW leadership can do to stop it. People are just too fat at this point.

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ellives    0

If Wagoner has any balls he'll use the nuclear option. If GM survives that fiasco he should go after the next sacred cow. (We can debate on what that is later.)

http://www.thetruthaboutcars.com/content/1...27324/index.php

I enjoy reading this series because there's occasionally some insight to the bigger picture.  Farago is rooting for GM despite the constant gloom.  He's just as frustrated by the nasty combination of historic short-sighted and ill-visioned GM execs, legacy union issues, and increased competition as many of us are.

The prospect of Tower and Delphi not coming to a good-for-all-parties agreement with the UAW is troubling.  Seems the UAW will run GM into the ground and there's nothing that either GM or the UAW leadership can do to stop it.  People are just too fat at this point.

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CARBIZ    1

I am hardly pro-union, but what choice does the union have? It is political suicide to go to the membership, offering pay cuts of 30% or more. As with closing dealers, nobody wants to volunteer to be the first - yet all can see that it clearly is necessary.

The unthinkable is happening. Not too long ago, sub-30% market share seemed unthinkable; now, 20% is looming. At those numbers, GM has to get lean and mean - or die.

Dealers will have to go. Plants shuttered. Employees will have to give up lucrative pay that was won in a time when GM seemed unstoppable. Maybe even a car brand or two.

All of it will be painful.

2006 is going to be very, very interesting.

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FUTURE_OF_GM    26

GM’s entire supply chain will collapse.

Yeah, yeah.... We all know.... GM WILL die one way or another, everyone has made it PERFECTLY clear that SOMEONE (either the media, the street, the competition or the UAW) will pull the trigger. Right now, they're all just enjoying flipping the coin over it.

Once The General shakes off its union, deep-sixes its insufferable bureaucracy, dumps unnecessary brands and gets down to the business of building a limited number of great cars, it will build a limited number of great cars.

Oh, to hell with that :rolleyes:

This is GM, not Honda.....

So basically... Once GM gives in to the media war and bows it's head and backs down by reducing it's size and surrendering in the war to remain as the number one automaker in the world, they'll build a LIMITED number of good cars.... How stupid. GM isn't and never has been a novelty car maker.

If I were GM management, I'd RUN THE COMPANY INTO THE GROUND before I'd GIVE UP and GIVE IN to this 'force' that has almost ousted the company.

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