GM CEO forced out as U.S. readies autos aid...

[Fritzo]

Originally posted by: flashbacck

Originally posted by: Lothar
How moronic.
Rick Wagoner is probably the best CEO of the big 3.

Even if he's the best of the 3, how is it not his fault that his company is failing? The buck's gotta stop somewhere.

Originally posted by: WingZero94
...
"We are fast approaching the stage of the ultimate inversion: The stage where the government is free to do anything it pleases, while the citizens may act only by permission ? which is the stage of the darkest periods of human history, the stage of rule by brute force."

This doesn't even apply. The government only gets to tell GM what to do because GM wants the government's money. It's only because Wagoner (and his predecessors) made poor decisions that they're in this position now. Why would you want him in charge of your taxpayer money?

Is Rick Wagoner really a good CEO? He put all of GM's eggs in one basket in the early 2000's by making most of GM's product line sub 20MPG SUV type vehicles. Then gas hit over $2, and he said "Well...they're still selling, so let's stay here." Then gas hit $3, and instead of pumping out designs for fuel efficient cars, he had them buy a design from Toyota (the Matrix = Vibe), and they threw out a crappy Aveo they had in their back pocket, but continued to focus on SUVs. Rick Wagoner was very short sighted, IMO. He had several market indicators to work with, but chose to keep doing what they were doing.

Meanwhile, Ford was basing cars around it's Focus to experiment with fuel efficent cars and younger crowd sales. They threw out the Mustang to wow customers back to the brand, and focused on increasing quality. If you ask me, Alan Mulally is the best CEO of the 3.

Chrysler is a disaster. It had problems before the economy tanked, mostly because of screwups from that LLC transfer, management that didn't care about what they were making, a poor overpaid workforce, and lackluster products. Within the last year or two, they're trying to get back to their roots with the Challenger (one f***in AWESOME car), the Charger, and a few others, but over all, their boxy sloppy designs are not something people want to buy. I think Jeep is mostly giving them their income at this point.

So, don't cry about Obama telling Rick to GTFO- he had it coming, and Obama is calling him out on his mistakes.

 

[K1052]

Originally posted by: Fritzo

Is Rick Wagoner really a good CEO? He put all of GM's eggs in one basket in the early 2000's by making most of GM's product line sub 20MPG SUV type vehicles. Then gas hit over $2, and he said "Well...they're still selling, so let's stay here." Then gas hit $3, and instead of pumping out designs for fuel efficient cars, he had them buy a design from Toyota (the Matrix = Vibe), and they threw out a crappy Aveo they had in their back pocket, but continued to focus on SUVs. Rick Wagoner was very short sighted, IMO. He had several market indicators to work with, but chose to keep doing what they were doing.

The other automakers did the same thing. Ford just happened to have less debt than the other two. The Japanese spent the lat 20 years and billions of dollars to crack into the US truck and SUV market because it was that lucrative. Had not rampant unchecked oil speculation driven prices to $120 per barrel we wouldn't be here right now.

The small car offerings from GM/Ford/Chrysler pale in comparison to their Japanese counterparts and always have. GM's greatest strength was turned into a massive liability in too short a period of time for them to do much of anything about. Granted that management definitely messed up in not investing more R&D into small cars and fuel efficency which would have hedged their bet somewhat.

 

[ElFenix]

Originally posted by: Fritzo
Then gas hit $3, and instead of pumping out designs for fuel efficient cars, he had them buy a design from Toyota (the Matrix = Vibe), and they threw out a crappy Aveo they had in their back pocket, but continued to focus on SUVs. Rick Wagoner was very short sighted, IMO. He had several market indicators to work with, but chose to keep doing what they were doing.

GM and toyota have been selling the matrix/vibe since long before gas hit $3. not like GM and toyota hadn't collaborated on cars before that either.

Chrysler is a disaster. It had problems before the economy tanked, mostly because of screwups from that LLC transfer, management that didn't care about what they were making, a poor overpaid workforce, and lackluster products. Within the last year or two, they're trying to get back to their roots with the Challenger (one f***in AWESOME car), the Charger, and a few others, but over all, their boxy sloppy designs are not something people want to buy. I think Jeep is mostly giving them their income at this point.

i blame merc for chrysler. in 10 years of ownership they came out with 1 decent car. just 1.

 

[ballmode]

Blame obama for forcing the out, why not just force them into bankruptcy... see how they restructure after that and then fire the CEO if needed.

 

[Fritzo]

Originally posted by: ballmode
Blame obama for forcing the out, why not just force them into bankruptcy... see how they restructure after that and then fire the CEO if needed.

MSNBC: BREAKING NEWS: Obama says that government will back GM and Chrysler warranties

I think that pretty much means "Go bankrupt already".

 

[Modular]

This whole bailout thing is so annoying. Let capitalism work fackers!

 

[tboo]

I guess this means no Z28?

 

[sciwizam]

Gibbs getting grilled at the daily briefing.

 

[lifeobry]

I don't get why he had to go. Some of the things Obama is doing confuse and trouble me. Oh well, still better than Bush.

 

[MotF Bane]

Originally posted by: boomerang

Originally posted by: Ultralight
Remember how people were screaming about the loss of civil liberties under the Bush Administration? Where are they now? Obama's Administration is stepping way over the line and they are trying to gain even more power for the Executive Branch unprecedented.

The people that were screaming then are very supportive of this administration. See, it's different now.

Yep, this is change.

 

[frostedflakes]

Originally posted by: Modular
This whole bailout thing is so annoying. Let capitalism work fackers!

You mean like we did with Lehman Brothers? :roll:

Lehman's collapse was disastrous. I don't think our economy could have handled multiple large financial institutions filing for bankruptcy over such a short period of time.

I don't like bailouts either, but I look at them as a necessary evil.

 

[WingZero94]

Originally posted by: Fritzo

Originally posted by: ballmode
Blame obama for forcing the out, why not just force them into bankruptcy... see how they restructure after that and then fire the CEO if needed.

MSNBC: BREAKING NEWS:.

That says it all...... OBAMA MSNBC: BREAKING NEWS ON OUR SAVIOR IN CHIEF:


LOL

What a worthless 'propaganda' organization

 

[Fritzo]

Originally posted by: WingZero94

Originally posted by: Fritzo

Originally posted by: ballmode
Blame obama for forcing the out, why not just force them into bankruptcy... see how they restructure after that and then fire the CEO if needed.

MSNBC: BREAKING NEWS:.

That says it all...... OBAMA MSNBC: BREAKING NEWS ON OUR SAVIOR IN CHIEF:


LOL

What a worthless 'propaganda' organization

But, that's what he said. How would you have worded it?