Bush: I can't boost automaker profits

[Ktulu]

Originally posted by: So
Ford might be worth bailing out...they're at least making an effort to be competetive, but GM...it's like they're not even trying.

are you kidding me?

 

[So]

Originally posted by: Ktulu

Originally posted by: So
Ford might be worth bailing out...they're at least making an effort to be competetive, but GM...it's like they're not even trying.

are you kidding me?

Not that I'd agree with a bailout in the first place, but just hypothetically, if you WERE already going to bail one out and not the other...

 

[So]

Originally posted by: JS80

Originally posted by: So
Ford might be worth bailing out...they're at least making an effort to be competetive, but GM...it's like they're not even trying.

I beg to differ. I believe this is GM management's shrewd tactic and strategery. They are purposely running it to the ground now so that they can do a Chatper 11 reorg and kill the unions and try to get out of the pensions. I think it just might work. I will put some money in GM stock right before it emerges from bankruptcy, if they succeed is those 2 things.

Interesting, I hadn't considered that. <strokes chin malignly>

 

[JS80]

Originally posted by: So

Originally posted by: JS80

Originally posted by: So
Ford might be worth bailing out...they're at least making an effort to be competetive, but GM...it's like they're not even trying.

I beg to differ. I believe this is GM management's shrewd tactic and strategery. They are purposely running it to the ground now so that they can do a Chatper 11 reorg and kill the unions and try to get out of the pensions. I think it just might work. I will put some money in GM stock right before it emerges from bankruptcy, if they succeed is those 2 things.

Interesting, I hadn't considered that. <strokes chin malignly>

It's done before. Kmart did it. Eddie Lampert, a hedge fund manager, bought $800 million in the bankrupt Kmart stock...which is now worth $10 Billion. He made > 10x his money in like 3 years. Not to mention he brokered the Kmart-Sears merger.

 

[spidey07]

Originally posted by: JS80

Originally posted by: So
Ford might be worth bailing out...they're at least making an effort to be competetive, but GM...it's like they're not even trying.

I beg to differ. I believe this is GM management's shrewd tactic and strategery. They are purposely running it to the ground now so that they can do a Chatper 11 reorg and kill the unions and try to get out of the pensions. I think it just might work. I will put some money in GM stock right before it emerges from bankruptcy, if they succeed in those 2 things.

I agree with your assessment and have believed this for a while. Seriously. It's just about their only hope.

When you're hemoraging cash with no way to reverse it, GM's strategy is really the only way.

oh - and I agree on the stock. One can make a killing on company's coming out of bankruptcy.

 

[MikeMike]

Originally posted by: Ktulu

Originally posted by: So
Ford might be worth bailing out...they're at least making an effort to be competetive, but GM...it's like they're not even trying.

are you kidding me?

yea, im confused on this as well.

GMT900 for example
Buick
Cadillac
Impala
HHR (huge sales success)
Upcoming Saturns

 

[ElFenix]

Originally posted by: JS80

Originally posted by: So
Ford might be worth bailing out...they're at least making an effort to be competetive, but GM...it's like they're not even trying.

I beg to differ. I believe this is GM management's shrewd tactic and strategery. They are purposely running it to the ground now so that they can do a Chatper 11 reorg and kill the unions and try to get out of the pensions. I think it just might work. I will put some money in GM stock right before it emerges from bankruptcy, if they succeed in those 2 things.

going into bankruptcy is about the last thing GM's management wants. they want the threat of chapter 11 reorganization there in the back, but it might be pyrrhic. if they go into bankruptcy people will be very reluctant to buy the cars because they don't want to buy something that might not have a warranty soon.

 

[ElFenix]

Originally posted by: JS80

It's done before. Kmart did it. Eddie Lampert, a hedge fund manager, bought $800 million in the bankrupt Kmart stock...which is now worth $10 Billion. He made > 10x his money in like 3 years. Not to mention he brokered the Kmart-Sears merger.

kmart was sitting on tons of assets (land) that had appreciated incredibly since the land was bought decades ago and placed on the books. ford isn't.

 

[JS80]

Originally posted by: ElFenix

Originally posted by: JS80

Originally posted by: So
Ford might be worth bailing out...they're at least making an effort to be competetive, but GM...it's like they're not even trying.

I beg to differ. I believe this is GM management's shrewd tactic and strategery. They are purposely running it to the ground now so that they can do a Chatper 11 reorg and kill the unions and try to get out of the pensions. I think it just might work. I will put some money in GM stock right before it emerges from bankruptcy, if they succeed in those 2 things.

going into bankruptcy is about the last thing GM's management wants. they want the threat of chapter 11 reorganization there in the back, but it might be pyrrhic. if they go into bankruptcy people will be very reluctant to buy the cars because they don't want to buy something that might not have a warranty soon.

A car company undergoing reorg telling people their warranty is void would be equivalent to putting a gun to your head and pulling the trigger.

 

[MikeMike]

Originally posted by: ElFenix

Originally posted by: JS80

Originally posted by: So
Ford might be worth bailing out...they're at least making an effort to be competetive, but GM...it's like they're not even trying.

I beg to differ. I believe this is GM management's shrewd tactic and strategery. They are purposely running it to the ground now so that they can do a Chatper 11 reorg and kill the unions and try to get out of the pensions. I think it just might work. I will put some money in GM stock right before it emerges from bankruptcy, if they succeed in those 2 things.

going into bankruptcy is about the last thing GM's management wants. they want the threat of chapter 11 reorganization there in the back, but it might be pyrrhic. if they go into bankruptcy people will be very reluctant to buy the cars because they don't want to buy something that might not have a warranty soon.

bingo, GM recognizes this, Kekorians staff KNOWS this. Chrysler had the EXACT issue, it took someone known as Lee Iacocca to come out in advertisements and state to the public that Chrysler will be there for them. GM NEEDS to do this, they HAVE to show the U.S. public that they have their backs, they cant just advertise their cars, they need to advertise confidence in themselves.

 

[JS80]

Originally posted by: ElFenix

Originally posted by: JS80

It's done before. Kmart did it. Eddie Lampert, a hedge fund manager, bought $800 million in the bankrupt Kmart stock...which is now worth $10 Billion. He made > 10x his money in like 3 years. Not to mention he brokered the Kmart-Sears merger.

kmart was sitting on tons of assets (land) that had appreciated incredibly since the land was bought decades ago and placed on the books. ford isn't.

Yes, it is a different beast. However, I see GMAC as equivalent to kmart's real estate. Not only that, their goodwill and intangibles are worth a lot. I would buy a Cadillac if it were not built by union people.

 

[JS80]

Originally posted by: MIKEMIKE

Originally posted by: ElFenix

Originally posted by: JS80

Originally posted by: So
Ford might be worth bailing out...they're at least making an effort to be competetive, but GM...it's like they're not even trying.

I beg to differ. I believe this is GM management's shrewd tactic and strategery. They are purposely running it to the ground now so that they can do a Chatper 11 reorg and kill the unions and try to get out of the pensions. I think it just might work. I will put some money in GM stock right before it emerges from bankruptcy, if they succeed in those 2 things.

going into bankruptcy is about the last thing GM's management wants. they want the threat of chapter 11 reorganization there in the back, but it might be pyrrhic. if they go into bankruptcy people will be very reluctant to buy the cars because they don't want to buy something that might not have a warranty soon.

bingo, GM recognizes this, Kekorians staff KNOWS this. Chrysler had the EXACT issue, it took someone known as Lee Iacocca to come out in advertisements and state to the public that Chrysler will be there for them. GM NEEDS to do this, they HAVE to show the U.S. public that they have their backs, they cant just advertise their cars, they need to advertise confidence in themselves.

Not bingo. If anything GM would have an advertising campaign reassuring customers that warranties are still valid, that nothing would change except that they are killing the leeches that have plagued the company for decades.

 

[MikeMike]

Originally posted by: JS80

Originally posted by: ElFenix

Originally posted by: JS80

Originally posted by: So
Ford might be worth bailing out...they're at least making an effort to be competetive, but GM...it's like they're not even trying.

I beg to differ. I believe this is GM management's shrewd tactic and strategery. They are purposely running it to the ground now so that they can do a Chatper 11 reorg and kill the unions and try to get out of the pensions. I think it just might work. I will put some money in GM stock right before it emerges from bankruptcy, if they succeed in those 2 things.

going into bankruptcy is about the last thing GM's management wants. they want the threat of chapter 11 reorganization there in the back, but it might be pyrrhic. if they go into bankruptcy people will be very reluctant to buy the cars because they don't want to buy something that might not have a warranty soon.

A car company undergoing reorg telling people their warranty is void would be equivalent to putting a gun to your head and pulling the trigger.

thats not what he is talking about, he is talking about the public's fear the GM is going to collapse totally and never become a company again, that is the fear.

 

[MikeMike]

Originally posted by: JS80

Originally posted by: MIKEMIKE

Originally posted by: ElFenix

Originally posted by: JS80

Originally posted by: So
Ford might be worth bailing out...they're at least making an effort to be competetive, but GM...it's like they're not even trying.

I beg to differ. I believe this is GM management's shrewd tactic and strategery. They are purposely running it to the ground now so that they can do a Chatper 11 reorg and kill the unions and try to get out of the pensions. I think it just might work. I will put some money in GM stock right before it emerges from bankruptcy, if they succeed in those 2 things.

going into bankruptcy is about the last thing GM's management wants. they want the threat of chapter 11 reorganization there in the back, but it might be pyrrhic. if they go into bankruptcy people will be very reluctant to buy the cars because they don't want to buy something that might not have a warranty soon.

bingo, GM recognizes this, Kekorians staff KNOWS this. Chrysler had the EXACT issue, it took someone known as Lee Iacocca to come out in advertisements and state to the public that Chrysler will be there for them. GM NEEDS to do this, they HAVE to show the U.S. public that they have their backs, they cant just advertise their cars, they need to advertise confidence in themselves.

Not bingo. If anything GM would have an advertising campaign reassuring customers that warranties are still valid, that nothing would change except that they are killing the leeches that have plagued the company for decades.

you didnt get ElFenix;s point. the concern of the public is not bankruptcy, its the implosion of the company, the company NOT being a company anymore. thats why GM needs to go on a PR campaign about their confidence in themselves as a company.

Chrysler used the slogan "If you can find a better car, buy it" GM needs a slogan similar, and something very very powerful.

 

[JS80]

Originally posted by: MIKEMIKE

Originally posted by: JS80

Originally posted by: MIKEMIKE

Originally posted by: ElFenix

Originally posted by: JS80

Originally posted by: So
Ford might be worth bailing out...they're at least making an effort to be competetive, but GM...it's like they're not even trying.

I beg to differ. I believe this is GM management's shrewd tactic and strategery. They are purposely running it to the ground now so that they can do a Chatper 11 reorg and kill the unions and try to get out of the pensions. I think it just might work. I will put some money in GM stock right before it emerges from bankruptcy, if they succeed in those 2 things.

going into bankruptcy is about the last thing GM's management wants. they want the threat of chapter 11 reorganization there in the back, but it might be pyrrhic. if they go into bankruptcy people will be very reluctant to buy the cars because they don't want to buy something that might not have a warranty soon.

bingo, GM recognizes this, Kekorians staff KNOWS this. Chrysler had the EXACT issue, it took someone known as Lee Iacocca to come out in advertisements and state to the public that Chrysler will be there for them. GM NEEDS to do this, they HAVE to show the U.S. public that they have their backs, they cant just advertise their cars, they need to advertise confidence in themselves.

Not bingo. If anything GM would have an advertising campaign reassuring customers that warranties are still valid, that nothing would change except that they are killing the leeches that have plagued the company for decades.

you didnt get ElFenix;s point. the concern of the public is not bankruptcy, its the implosion of the company, the company NOT being a company anymore. thats why GM needs to go on a PR campaign about their confidence in themselves as a company.

Chrysler used the slogan "If you can find a better car, buy it" GM needs a slogan similar, and something very very powerful.

It's called Chapter 11 Reorganization. It's not Chapter 14 liquidation. The company operates as if nothing is wrong. They'll reorg the debt, kill the union contract, and try to kill the pensions. The general public will know that GM will still be up and running.

A Chapter 11 bankruptcy will be accompanied by a PR campaign.

 

[MikeMike]

Originally posted by: JS80

Originally posted by: MIKEMIKE

Originally posted by: JS80

Originally posted by: MIKEMIKE

Originally posted by: ElFenix

Originally posted by: JS80

Originally posted by: So
Ford might be worth bailing out...they're at least making an effort to be competetive, but GM...it's like they're not even trying.

I beg to differ. I believe this is GM management's shrewd tactic and strategery. They are purposely running it to the ground now so that they can do a Chatper 11 reorg and kill the unions and try to get out of the pensions. I think it just might work. I will put some money in GM stock right before it emerges from bankruptcy, if they succeed in those 2 things.

going into bankruptcy is about the last thing GM's management wants. they want the threat of chapter 11 reorganization there in the back, but it might be pyrrhic. if they go into bankruptcy people will be very reluctant to buy the cars because they don't want to buy something that might not have a warranty soon.

bingo, GM recognizes this, Kekorians staff KNOWS this. Chrysler had the EXACT issue, it took someone known as Lee Iacocca to come out in advertisements and state to the public that Chrysler will be there for them. GM NEEDS to do this, they HAVE to show the U.S. public that they have their backs, they cant just advertise their cars, they need to advertise confidence in themselves.

Not bingo. If anything GM would have an advertising campaign reassuring customers that warranties are still valid, that nothing would change except that they are killing the leeches that have plagued the company for decades.

you didnt get ElFenix;s point. the concern of the public is not bankruptcy, its the implosion of the company, the company NOT being a company anymore. thats why GM needs to go on a PR campaign about their confidence in themselves as a company.

Chrysler used the slogan "If you can find a better car, buy it" GM needs a slogan similar, and something very very powerful.

It's called Chapter 11 Reorganization. It's not Chapter 14 liquidation. The company operates as if nothing is wrong. They'll reorg the debt, kill the union contract, and try to kill the pensions. The general public will know that GM will still be up and running.

A Chapter 11 bankruptcy will be accompanied by a PR campaign.

thats not what the public thinks and thats the problem.

 

[JS80]

Originally posted by: MIKEMIKE

Originally posted by: JS80

Originally posted by: MIKEMIKE

Originally posted by: JS80

Originally posted by: MIKEMIKE

Originally posted by: ElFenix

Originally posted by: JS80

Originally posted by: So
Ford might be worth bailing out...they're at least making an effort to be competetive, but GM...it's like they're not even trying.

I beg to differ. I believe this is GM management's shrewd tactic and strategery. They are purposely running it to the ground now so that they can do a Chatper 11 reorg and kill the unions and try to get out of the pensions. I think it just might work. I will put some money in GM stock right before it emerges from bankruptcy, if they succeed in those 2 things.

going into bankruptcy is about the last thing GM's management wants. they want the threat of chapter 11 reorganization there in the back, but it might be pyrrhic. if they go into bankruptcy people will be very reluctant to buy the cars because they don't want to buy something that might not have a warranty soon.

bingo, GM recognizes this, Kekorians staff KNOWS this. Chrysler had the EXACT issue, it took someone known as Lee Iacocca to come out in advertisements and state to the public that Chrysler will be there for them. GM NEEDS to do this, they HAVE to show the U.S. public that they have their backs, they cant just advertise their cars, they need to advertise confidence in themselves.

Not bingo. If anything GM would have an advertising campaign reassuring customers that warranties are still valid, that nothing would change except that they are killing the leeches that have plagued the company for decades.

you didnt get ElFenix;s point. the concern of the public is not bankruptcy, its the implosion of the company, the company NOT being a company anymore. thats why GM needs to go on a PR campaign about their confidence in themselves as a company.

Chrysler used the slogan "If you can find a better car, buy it" GM needs a slogan similar, and something very very powerful.

It's called Chapter 11 Reorganization. It's not Chapter 14 liquidation. The company operates as if nothing is wrong. They'll reorg the debt, kill the union contract, and try to kill the pensions. The general public will know that GM will still be up and running.

A Chapter 11 bankruptcy will be accompanied by a PR campaign.

thats not what the public thinks and thats the problem.

People who are going to plunk several thousand dollars on a car will do their due diligence and know this. Although the average person is not very bright, the general public is not as clueless as you think.

Besides, once they emerge from bankruptcy it will be business as usual.

 

[RU482]

MIKEMIKE
your retarded sig makes this thread annoying to sift through. please consolidate or eliminate it

 

[MikeMike]

Originally posted by: redly1
MIKEMIKE
your retarded sig makes this thread annoying to sift through. please consolidate or eliminate it

how bout no

 

[JackBurton]

Originally posted by: KLin

Originally posted by: SampSon

Originally posted by: MIKEMIKE

Originally posted by: SampSon

Originally posted by: MIKEMIKE

Originally posted by: SampSon
I bet that if Bush made the Corvette Z06 the only American car available to the public, sales would pick up. Right MIKEMIKE?

with its snap oversteer, you would see a quick demise of the U.S. public.

So you've taken one out on a track I see?

nope, just relating what i have read from magazines about its snap oversteer, and the fact that 95% of the U.S. population wouldnt know what to do if the car DID snap oversteer, or 50% of the U.S. wouldnt know how to drive a standard.

I read one time in a magazine that toyota is a crappy auto maker and that 67% of stats are made up on the spot!

99.65% of AT members just don't give a sh!t about this thread topic.

And 99.999999999% of AT members don't give a sh!t about what MIKEMIKE has to say.

 

[ElFenix]

Originally posted by: JS80

It's called Chapter 11 Reorganization. It's not Chapter 14 liquidation. The company operates as if nothing is wrong. They'll reorg the debt, kill the union contract, and try to kill the pensions. The general public will know that GM will still be up and running.

A Chapter 11 bankruptcy will be accompanied by a PR campaign.

a chapter 11 bankruptcy for an airline is one thing. airline finds that reorg doesn't work, the passengers are maybe out a little bit of money (if any at all), and have to get a fare on another plane. reorg doesn't work for GM, and people could be faced with a car that has no warranty. plus, people hear 'bankruptcy' and they think something. an ad campaign isn't going to cure that.

 

[ElFenix]

Originally posted by: JS80
Yes, it is a different beast. However, I see GMAC as equivalent to kmart's real estate. Not only that, their goodwill and intangibles are worth a lot. I would buy a Cadillac if it were not built by union people.

no one wants to buy GMAC. GM has been shopping it around. (the problem is that GM doesn't want to give up all of its cash cow, but no one wants to go into a billion dollar partnership with GM). yes, the goodwill and intangibles are worth something, but that is already accounted for in the stock price. kmart's assets weren't accounted for in the stock price.

 

[Pocatello]

It's so simple, make the products that are appealing so that people are willing to part their hard earned cash. Pontiac Aztek wasn't it. Ford and GM can't even produce a minivan to compete with the Kia Sedona, let alone something from Chrysler or Honda.

 

[StrangerGuy]

Since when a President is responsible for profit making in companies?

 

[ElFenix]

Originally posted by: Pocatello
It's so simple, make the products that are appealing so that people are willing to part their hard earned cash. Pontiac Aztek wasn't it. Ford and GM can't even produce a minivan to compete with the Kia Sedona, let alone something from Chrysler or Honda.

hard to do when you're $2500 in the hole to begin with. how much is toyota's profit per vehicle? probably less than that.