GM CEO Rick Wagoner Resigns -- US Govt Presses On: General Motors  -- Cars Discussion Forum and Review GM CEO Rick Wagoner Resigns -- US Govt Presses On: General Motors -- Cars Discussion Forum

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 03-30-2009, 13:16 Post: 161532
DennisCTB

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 GM CEO Rick Wagoner Resigns -- US Govt Presses On

Here is a copy of a blog post I saw commenting on today's Auto industry bailout situation:



"I think we learned that one presidentís deadline is not the same as another presidentís deadline. There are two big holes in Chryslerís plan. One is that if Fiat takes control of 35 percent of Chrysler, Daimler still owns 19 percent. Technically, Fiat becomes a foreign-owned company propped up with $6 billion U.S. dollars. The second big gaping hole in a Chrysler-Fiat plan is that historically, American car dealers have never been able to successfully sell foreign cars. The scrapyard of failed attempts to sell foreign cars at U.S. dealers includes the Nash Metropolitan, Dodge Cricket, Plymouth Sapporo, Plymouth Arrow, Ford Cortina, Ford Capri, Mercury Capri (from Australia), Ford Pantera, Opel, Buick/Opel by Isuzu, and more. Chrysler even attempted to sell Alfa-Romeoís on their lots in the early 1990s. Of course, some folks will say, ďThis time itís different,Ē which is what they said when Renaults made in Kenosha were supposed to save AMC. Anyone who believes that Fiats made in North America can compete against Hondas and Toyotas made in the US on the sales floor is mistaken. Chrysler-badged Fiats will also have to traverse an enormous speedbump of negative equity branding. There are enough of us who remember Fiats from 20 years ago as cars that never completely passed their reliability tests because they rusted out.

Then, thereís GM, and that situation isnít much better."






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 03-30-2009, 13:29 Post: 161533
greg_g



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 GM CEO Rick Wagoner Resigns -- US Govt Presses On

"Resigning" puts a happy face on what really happened. King Obama and Chancellor Geithner fired him. Not that firing Wagoner is a bad thing - the GM board should have done that years ago. The bad thing is the King and Chancellor part

That said, I owned an Alfa-Romeo years ago - a 1972 Montreal. It was without a doubt THE most fun car I ever owned. Ran circles around my 1977 TransAm. Lasted longer too. The TA ended up in a German junkyard in 1985, couldn't handle the autobahn speeds. I sold the Montreal in 1988, for nearly twice what I paid for it.

//greg//






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 03-30-2009, 16:24 Post: 161540
Murf

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 GM CEO Rick Wagoner Resigns -- US Govt Presses On

I'm not convinced of the "American car dealers have never been able to successfully sell foreign cars." part.

For instance, in 2008 Mercedes Benz sold 225,128 vehicles in the US, and that's down 11.2% over 2007's 253,433 vehicles.

BMW sold 336,265 cars in 2008 in the US.

Those two alone account for 7.7% of the entire amount of 7,667,066 vehicles sold in the US.

That's a pretty significant number considering that is only two of the import car companies.


Best of luck.






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 03-30-2009, 16:35 Post: 161541
earthwrks

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 GM CEO Rick Wagoner Resigns -- US Govt Presses On

Other than this I gots nutin' to say. I'm hiding and watching to see how long it takes for other industries to be told what they can and can't do and how much their workers are allowed to make.






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 03-30-2009, 19:43 Post: 161546
DennisCTB

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 GM CEO Rick Wagoner Resigns -- US Govt Presses On

Quote:
Originally Posted by Murf | view 161540
I'm not convinced of the "American car dealers have never been able to successfully sell foreign cars."



I think what is being referred to is when a car manufacturer tries to supplement the shortcomings of its line by implanting another line in. Bad example but take the Izuzu Passport as an SUV in Honda's line, or the Mitsubishi line in Chrysler.

Nonetheless exactly what is a US car manufacturer anyway, the Detroit auto companies have operations all over the world are they really US, or just had their roots in North America.






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 03-30-2009, 21:19 Post: 161549
kwschumm



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 GM CEO Rick Wagoner Resigns -- US Govt Presses On

No time to respond here, too busy stocking up on food and ammo.






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 03-31-2009, 07:41 Post: 161561
hardwood

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 GM CEO Rick Wagoner Resigns -- US Govt Presses On

I don't like to be an "I told You So" person, but I'm beefing up my ammo supply too since the "Change" is coming about.






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 03-31-2009, 09:27 Post: 161565
Murf

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 GM CEO Rick Wagoner Resigns -- US Govt Presses On

There's lot's of space up here in Cannuckistan, the banks are still making huge profits, the economy is slow but better than down there and there's good indicators we will rebound ahead of the rest of the economy's.

Laughing out loud

Best of luck.






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 03-31-2009, 12:28 Post: 161575
harvey



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 GM CEO Rick Wagoner Resigns -- US Govt Presses On

Murf will they let me bring my safe? Several large cal handguns several Bolt rifles many shotguns and several AR's plus 1500+ lbs of ammo, bullets, primers, powder. I'll leave tools tractor and rest of stuff here. I'm only moving with the important stuff. Maybe I'll squeeze in my reloading stuff also.






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 03-31-2009, 17:45 Post: 161583
earthwrks

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 GM CEO Rick Wagoner Resigns -- US Govt Presses On

N-o-t s-o f-a-s-t Murf ol' boy. I watch more Canadian TVOntario and The CBC than US. You Canucks are just as worried about your economy as we are ours. Yes your banks are in better shape, but as far as employment goes there are BIG worries about the auto-related industries--such as Chrysler completely pulling out and perhaps GM too if contracts aren't revisited.






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