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Design1stCode2nd · 03-30-2009, 12:23 PM

After reading of Wagoner’s resignation over the weekend I figured there would be a big thread on it here. And figured it would get locked too.

I don’t understand how you all can think of Wagoner as a scapegoat (same goes for the BoD that enabled him). He’s been in charge for what, 6-8 years and has seen his companies stock go from $70+ to $1. Who else do you hold accountable if not the man at the top? Remember the credit crunch is only a year or so old and GM has not been profitable for 3-4 years. How can you commend a man who did not close down brands that compete with each other when times were good and they could afford it?

You can say it’s the unions fault but you’d be wrong. It’s partly the unions fault but management had to agree to those terms. If you have a child that demands and demands and you give them what they want who is to blame? The child? No it’s the parent who must take responsibility. Lutz, Wagoner, Henderson and all the cronies on the board need to go. Someone like Mulally needs to be brought in and given the authority to affect real change. There are talented people in GM and they need to be allowed to do their jobs.

GM needs 2 brands, Chevrolet and Cadillac. Why make a car under several different nameplates even on the same platform that competes for the same consumer (G6/Aura, Traverse/Outlook/Acadia, etc). If Pontiac was to be a performance division then there would be no need of the Camaro and Corvette. If you have the Camaro and Corvette why have Pontiac? They could have made Saturn a green division but they have hybrids in Chevy and the upcoming Volt in Chevy so no need of that.

Expect to see a Chapter 11 restructuring of GM with federally backed warranties (as I suggested months ago) and a chapter 7 liquidation of Chrysler with only Jeep surviving or more bought by Chinese backed hedge funds. Why would Fiat marry into Chrysler when they could buy the manufacturing capacity and dealer network they want for pennies on the dollar in chapter 7?

GM has made this bed, not the government now it’s time for them to learn from their mistakes and emerge as a viable economic factor. That starts with good leadership and an unfortunate bankruptcy restructuring.

03-30-2009, 12:23 PM	#28
Design1stCode2nd Drives: four wheels Join Date: Oct 2007 Location: usa Posts: 585	After reading of Wagoner’s resignation over the weekend I figured there would be a big thread on it here. And figured it would get locked too. I don’t understand how you all can think of Wagoner as a scapegoat (same goes for the BoD that enabled him). He’s been in charge for what, 6-8 years and has seen his companies stock go from $70+ to $1. Who else do you hold accountable if not the man at the top? Remember the credit crunch is only a year or so old and GM has not been profitable for 3-4 years. How can you commend a man who did not close down brands that compete with each other when times were good and they could afford it? You can say it’s the unions fault but you’d be wrong. It’s partly the unions fault but management had to agree to those terms. If you have a child that demands and demands and you give them what they want who is to blame? The child? No it’s the parent who must take responsibility. Lutz, Wagoner, Henderson and all the cronies on the board need to go. Someone like Mulally needs to be brought in and given the authority to affect real change. There are talented people in GM and they need to be allowed to do their jobs. GM needs 2 brands, Chevrolet and Cadillac. Why make a car under several different nameplates even on the same platform that competes for the same consumer (G6/Aura, Traverse/Outlook/Acadia, etc). If Pontiac was to be a performance division then there would be no need of the Camaro and Corvette. If you have the Camaro and Corvette why have Pontiac? They could have made Saturn a green division but they have hybrids in Chevy and the upcoming Volt in Chevy so no need of that. Expect to see a Chapter 11 restructuring of GM with federally backed warranties (as I suggested months ago) and a chapter 7 liquidation of Chrysler with only Jeep surviving or more bought by Chinese backed hedge funds. Why would Fiat marry into Chrysler when they could buy the manufacturing capacity and dealer network they want for pennies on the dollar in chapter 7? GM has made this bed, not the government now it’s time for them to learn from their mistakes and emerge as a viable economic factor. That starts with good leadership and an unfortunate bankruptcy restructuring.