Bush: I can't boost automaker profits

[Fenixgoon]

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.

bingo. people hear "bankruptcy" and think "FVVVVVVCK, GM is going under!"