GM's new plan to survive - Page 4

*Camaro_Corvette* · 12-03-2008, 09:15 AM

It sounds horrible to say, but I glad that GM is finally cutting some dealerships, not that it is good for the workers, but it is good for GM. I have 20 Chevrolet dealerships within a 20 mile radius of where i live. Are you serious, WHY! We don't buy vehicles everyday, this is not walmart, Yes its bad for the workers that work at these dealerships, but these are dealerships that should not have been started in the first place. We have nothing but highways here in Indiana, Highways and corn, It is quite obvious that we can get to places really fast. GM has needed to cut off the fat for years, and I for one, am happy to see some cutting. Let the restructuring commence, In the end we will have a much better GM, and hopefully someday the Z will be in our future. But i didn't expect them to possibly put up saturn, that was a surprise.

*Mr. Wyndham* · 12-03-2008, 10:31 AM

well...overall...like I know anything

. I'm pleased. Less brands, less dealers, less models = more money, and better focus on what counts. The "core brands".

It sounds like Buick is to GM what Mercury is to Ford...I can see that.
Pontiac sounds like it's going to be sent to a much smaller, and higher-priced market...think American BMW or Audi...maybe.

The loss of Saturn is unfortunate. I like them...but, I don't buy their stuff...that's part of the problem. If you really think about it, if you want a family sedan from GM...you can choose from a nearly-identical Saturn, Pontiac, Buick or Chevrolet. That means 3 out of 4 of those brands AREN'T going to get your money, and will instead sap off of the Chevy(for instance) sale to live. Doesn't make sense, does it?

If they loose Saturn, and shrink Pontiac, then you're choice is now a Chevy or a Buick...two different-enough brands that deciding between the two is a legit question.

Leaner, meaner, and more profitable by 2012...I wish it was sooner, but this is a good plan...

Now it's up to congress to get their heads out of their a$$es and approve the loans. If they do...and this recession eases in the later half of 2009, we will see a New General Motors...one that Toyota doesn't have a chance against.:flag2:

Angrybird 12 · 12-03-2008, 10:43 AM

Quote:

Originally Posted by storm79

just to let you know buick only has 2 cars, well technically but they have 3 vehicles but they got the Lucerne and the Lacrosse and those are their cars and they have the Enclave which is a hit crossover. So I'd leave the Buick brand alone because they are selling good. Also the new Lacrosse is supposed to be extremely luxurious and nice

I don't see that many Buick Enclaves around here I see many more Saturns and GMC's of the same style.

Let Caddy have the Luxury SUV market, Chevy have the Bread and butter family SUV market.

Angrybird 12 · 12-03-2008, 10:48 AM

Quote:

Originally Posted by Dragoneye

The loss of Saturn is unfortunate. I like them...but, I don't buy their stuff...that's part of the problem.

If they loose Saturn, and shrink Pontiac, then you're choice is now a Chevy or a Buick...two different-enough brands that deciding between the two is a legit question.

Quote:

Under its franchise agreement with Saturn dealers, GM will seek a new course for that brand, Henderson said. Asked whether GM would sell or fold Saturn, he said he would not eliminate any options.

As you can see here he did not say that they are going to lose Saturn but seek a new course for the brand. (something I thought they were already trying to do for the last 3 years) But selling or folding the brand is probaly a last ditch option.

Speedy1975 · 12-03-2008, 12:26 PM

[quote=camaro&T/A;206672]

Quote:

Originally Posted by teamlynn1

Wagoner has agreed to accept a salary of $1 next year.

one dollar????

You realize his normal salary is $21,000,000 / year right? I mean this guy could work for free for the rest of his life and neither he nor his family would ever want for anything. Makes me wonder how much the other execs make.

Quote:

Originally Posted by The_Blur

They are not suggesting nationalizing GM. Taxpayers will own a small stake in GM to hold it accountable. That is all.

This is something I'm curious about. If I have a stake in these companies (AIG, GM, whomever) what does that mean for me? When they become profitable will I get a check in the mail?

Design1stCode2nd · 12-03-2008, 01:15 PM

I still don't see how they close a brand without lawsuits ala Oldsmobile or lots of money which they don't have. Also they can't cut dealers due to franchise laws so... this should be interesting.

Hylton · 12-03-2008, 01:31 PM

Quote:

Originally Posted by Dragoneye

well...overall...like I know anything

. I'm pleased. Less brands, less dealers, less models = more money, and better focus on what counts. The "core brands".

It sounds like Buick is to GM what Mercury is to Ford...I can see that.
Pontiac sounds like it's going to be sent to a much smaller, and higher-priced market...think American BMW or Audi...maybe.

The loss of Saturn is unfortunate. I like them...but, I don't buy their stuff...that's part of the problem. If you really think about it, if you want a family sedan from GM...you can choose from a nearly-identical Saturn, Pontiac, Buick or Chevrolet. That means 3 out of 4 of those brands AREN'T going to get your money, and will instead sap off of the Chevy(for instance) sale to live. Doesn't make sense, does it?

If they loose Saturn, and shrink Pontiac, then you're choice is now a Chevy or a Buick...two different-enough brands that deciding between the two is a legit question.

Leaner, meaner, and more profitable by 2012...I wish it was sooner, but this is a good plan...

Now it's up to congress to get their heads out of their a$$es and approve the loans. If they do...and this recession eases in the later half of 2009, we will see a New General Motors...one that Toyota doesn't have a chance against.:flag2:

*Mr. Wyndham* · 12-03-2008, 01:36 PM

Quote:

Originally Posted by Skyman 08

As you can see here he did not say that they are going to lose Saturn but seek a new course for the brand. (something I thought they were already trying to do for the last 3 years) But selling or folding the brand is probaly a last ditch option.

"loss" as in sale. I thought I read they were considering selling off the brand.

L. James · 12-03-2008, 01:43 PM

Quote:

Originally Posted by Skyman 08

It wasn't in the Saturn line, it was just leased at Saturn dealreships, the name saturn was not even on the car, and it was only available on the west coast. it was an experiment and when it was launched they said at that time that they were just going to be out for the terms of the leases, as the leases expired GM took the cars back and evaluated each one and they got the info from the cars and that info has been used in the development of the Volt. So to say they scrapped the idea is not very accurate. The car was not as efficent as the Volt will be, there was no backup power source, when you ran out of battery power you stopped... at least the Volt will be able to continue on.

It was the EV-1. And yes, they were leased just like the electric BMW minis. 850 a month for a year, and at the end of the lease, BMW gets the car back for evaluation just as GM did.

*DGthe3* · 12-03-2008, 01:45 PM

Quote:

Originally Posted by Speedy1975

This is something I'm curious about. If I have a stake in these companies (AIG, GM, whomever) what does that mean for me? When they become profitable will I get a check in the mail?

Well, I suppose you could ask for your part of the dividend, but if the government bought . . . 100k shares (purely a guess), multiplied by lets say each one pays a $5 dividend, divided the population of the United States, that works out to . . . about the cost of a stamp, give or take.

*Mr. Wyndham* · 12-03-2008, 01:54 PM

They cut dividends this past summer/fall as part of an emergency liquidation move.

When and if they decide to reinstate them, preferred stockholders will start getting checks in the mail again. But the gov't has to approve this loan, first.

GrnMchin · 12-04-2008, 11:42 AM

Quote:

Originally Posted by Design1stCode2nd

I still don't see how they close a brand without lawsuits ala Oldsmobile or lots of money which they don't have. Also they can't cut dealers due to franchise laws so... this should be interesting.

Could they just stop production or discontinue the line and force the dealers out? If there's no product then really there's nothing to sell. Or would it be a mutual agreement that all parties could agree to to save the Co? Because if GM fails all the lawyers in the world can't save the dealership:flag2:

12-03-2008, 09:15 AM	#43
Camaro_Corvette 36.58625, -121.7568 Drives: Team 1LE Join Date: Mar 2008 Location: Earth Posts: 23,710 View My Garage	It sounds horrible to say, but I glad that GM is finally cutting some dealerships, not that it is good for the workers, but it is good for GM. I have 20 Chevrolet dealerships within a 20 mile radius of where i live. Are you serious, WHY! We don't buy vehicles everyday, this is not walmart, Yes its bad for the workers that work at these dealerships, but these are dealerships that should not have been started in the first place. We have nothing but highways here in Indiana, Highways and corn, It is quite obvious that we can get to places really fast. GM has needed to cut off the fat for years, and I for one, am happy to see some cutting. Let the restructuring commence, In the end we will have a much better GM, and hopefully someday the Z will be in our future. But i didn't expect them to possibly put up saturn, that was a surprise. __________________ I am seriously never serious vv V vv Next order of business

12-03-2008, 10:31 AM	#44
Mr. Wyndham I used to be Dragoneye... Drives: 2018 ZL1 1LE Join Date: Jan 2007 Location: Buffalo, NY Posts: 31,873 View My Garage	well...overall...like I know anything . I'm pleased. Less brands, less dealers, less models = more money, and better focus on what counts. The "core brands". It sounds like Buick is to GM what Mercury is to Ford...I can see that. Pontiac sounds like it's going to be sent to a much smaller, and higher-priced market...think American BMW or Audi...maybe. The loss of Saturn is unfortunate. I like them...but, I don't buy their stuff...that's part of the problem. If you really think about it, if you want a family sedan from GM...you can choose from a nearly-identical Saturn, Pontiac, Buick or Chevrolet. That means 3 out of 4 of those brands AREN'T going to get your money, and will instead sap off of the Chevy(for instance) sale to live. Doesn't make sense, does it? If they loose Saturn, and shrink Pontiac, then you're choice is now a Chevy or a Buick...two different-enough brands that deciding between the two is a legit question. Leaner, meaner, and more profitable by 2012...I wish it was sooner, but this is a good plan... Now it's up to congress to get their heads out of their a$$es and approve the loans. If they do...and this recession eases in the later half of 2009, we will see a New General Motors...one that Toyota doesn't have a chance against.:flag2: __________________ *"Keep the faith."* - Fbodfather

12-03-2008, 01:54 PM	#53
Mr. Wyndham I used to be Dragoneye... Drives: 2018 ZL1 1LE Join Date: Jan 2007 Location: Buffalo, NY Posts: 31,873 View My Garage	They cut dividends this past summer/fall as part of an emergency liquidation move. When and if they decide to reinstate them, preferred stockholders will start getting checks in the mail again. But the gov't has to approve this loan, first. __________________ *"Keep the faith."* - Fbodfather

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12-03-2008, 01:15 PM	#48
Design1stCode2nd Drives: four wheels Join Date: Oct 2007 Location: usa Posts: 585	I still don't see how they close a brand without lawsuits ala Oldsmobile or lots of money which they don't have. Also they can't cut dealers due to franchise laws so... this should be interesting.