N.Y. Times: G.M.’s Secret Success

[boxmonkeyracing]

Hmmm guess people have the woole pulled over their eyes. Ok yea.

Guess we'll see what happens in a few much.

[DGthe3]

I'm kinda late to this party but here we go

Originally Posted by Hylton

I like him but Wagoner has to go. Todays successful global businesses need to be dynamic in a constantly changing world. Difficult to do when you have an "up from the ranks" guy running the biz.

GM needs an outsider who can bring new ideas and concepts into the company. Someone with experience managing a global company who has had to merge various international divisions while not impacting daily sales. Besides, should we really reward someone who is just fixing his wrong doings anyway?

So what you propose is bringing in someone who has no idea and no experience with how the auto industry operates during its biggest crisis? And what are these wrong doings of Wagoners that hes now fixing? The quality of cars from the 80's? The tens of thousands of workers who were hired in the 70's and have since retired? The international brands that were acquired decades ago? Perhaps its the generous UAW (and CAW) contracts that were signed when GM had a 40% market share? Maybe its rampant badge engineering? Crippling franchise laws? Wait, how long has Rick had the job . . .

Give me 5 things that Wagoner did to hurt GM that he did not inherit from previous CEO's. His mistakes that he is now cleaning up.

Originally Posted by Hylton

^ GM has 700 billion dollars of debt and is widely viewed as one of the worst run auto companies in the world. Anyone running any publicly traded company is going to be held accountable. Welcome to capitalism my freind. Your point is?

700B? Please explain because the biggest 'red' number that I've heard about GM is ~200B which is their approximate annual operating cost which includes payroll, R&D, etc.

I will concede that GM is one of the 10 worst run auto manufactures in the world. That is rather pointless concession though considering that there are only about 10 big auto manufactures in the world anyway.


As an aside, there was a lot of talk about badge engineering/platform sharing. GM is, always has been, excessive when it comes to rebadging a platform. I always maintained that doing things like Enclave and Traverse are good because there is a clear difference in the look, feel and value of the vehicle. Tossing in a Saturn and a GMC isn't such a great idea. And a lot of the international rebadging (Holden->Pontiac, Saturn<-Opel->Vauxhaul) requires minimal cost as there isn't much that differs but the cars will never be on the street together so it doesn't matter.

[One Mean Chevy]

Amazing how Sloooow Good news about GM travels and Bad travels at Light Speed.

Dollar Near 5-Week High After GM Says May Not Need More Funds

http://www.bloomberg.com/apps/news?p...Kww&refer=home
http://www.gminsidenews.com/forums/f...n-given-73681/