Comments on: GM to Shut Down? http://www.carblog.co.za/2008/11/20/gm-to-shut-down/ Car Blog covers the motoring industry featuring new car reviews, concept cars, exotic cars, F1 news, car videos and general motoring news. Tue, 20 Dec 2011 09:30:30 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Victoria http://www.carblog.co.za/2008/11/20/gm-to-shut-down/#comment-4740 Victoria Mon, 15 Jun 2009 14:07:29 +0000 http://www.carblog.co.za/?p=2229#comment-4740 What Can we common Poeple do about the Bailout? Nothing.. we just have to wait and see if the company comes up and develops new cars and prototypes to please the americal consumer What Can we common Poeple do about the Bailout? Nothing.. we just have to wait and see if the company comes up and develops new cars and prototypes to please the americal consumer

]]> By: Saab Fashionista, Green 2+2 Sport Coupe http://www.carblog.co.za/2008/11/20/gm-to-shut-down/#comment-4739 Saab Fashionista, Green 2+2 Sport Coupe Thu, 30 Apr 2009 08:42:27 +0000 http://www.carblog.co.za/?p=2229#comment-4739 [...] carbon fiber rims? A pretty amazing concept nevertheless, our main concern is that Saab and their GM parent company may not be in business by 2012, which would mean that the appealing design may never [...] [...] carbon fiber rims? A pretty amazing concept nevertheless, our main concern is that Saab and their GM parent company may not be in business by 2012, which would mean that the appealing design may never [...]

]]> By: Chrysler to File for Bankruptcy Protection http://www.carblog.co.za/2008/11/20/gm-to-shut-down/#comment-4738 Chrysler to File for Bankruptcy Protection Thu, 30 Apr 2009 07:14:32 +0000 http://www.carblog.co.za/?p=2229#comment-4738 [...] offer), tomorrow. It’s quite interesting to see what’s going to happen now with all the big boys in the auto industry. [via [...] [...] offer), tomorrow. It’s quite interesting to see what’s going to happen now with all the big boys in the auto industry. [via [...]

]]> By: GM and Segway unveil Project P.U.M.A: Urban commuter of the future http://www.carblog.co.za/2008/11/20/gm-to-shut-down/#comment-4737 GM and Segway unveil Project P.U.M.A: Urban commuter of the future Wed, 08 Apr 2009 10:00:52 +0000 http://www.carblog.co.za/?p=2229#comment-4737 [...] ultra-futuristic Jetsons-styled tomorrow with ease. Here is another addition to that list as both General Motors and Segway decided to bring the urban commuter of tomorrow into the New York Auto Show of this [...] [...] ultra-futuristic Jetsons-styled tomorrow with ease. Here is another addition to that list as both General Motors and Segway decided to bring the urban commuter of tomorrow into the New York Auto Show of this [...]

]]> By: Marc http://www.carblog.co.za/2008/11/20/gm-to-shut-down/#comment-4736 Marc Fri, 21 Nov 2008 05:55:40 +0000 http://www.carblog.co.za/?p=2229#comment-4736 Geez it's a tough one... Those big companies sink it will have massive global fallout (Think of all the franchises and service centre's in SA)... But having said that - Great businesses come and go all the time. Bailing them out will set a massive precedent for businesses of all shape and form to simply rely on governments to bail them out. Personal opinion is that it will be extremely hard to do but I think they should be sunk. Other car companies like Toyota, BMW and Volkswagen have shown they could adapt and provide a product and service that the client wants. They are not applying to government for help because they ran their businesses efficiently. Geez it’s a tough one… Those big companies sink it will have massive global fallout (Think of all the franchises and service centre’s in SA)…

But having said that – Great businesses come and go all the time. Bailing them out will set a massive precedent for businesses of all shape and form to simply rely on governments to bail them out.

Personal opinion is that it will be extremely hard to do but I think they should be sunk. Other car companies like Toyota, BMW and Volkswagen have shown they could adapt and provide a product and service that the client wants.

They are not applying to government for help because they ran their businesses efficiently.

]]> By: Hank http://www.carblog.co.za/2008/11/20/gm-to-shut-down/#comment-4735 Hank Thu, 20 Nov 2008 14:40:26 +0000 http://www.carblog.co.za/?p=2229#comment-4735 Read: . Wall StreetJournal November 19, 2008 Op-Ed Contributor By MITT ROMNEY . Let Detroit Go Bankrupt Read:
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Wall StreetJournal
November 19, 2008
Op-Ed Contributor
By MITT ROMNEY
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Let Detroit Go Bankrupt

]]> By: Adam http://www.carblog.co.za/2008/11/20/gm-to-shut-down/#comment-4734 Adam Thu, 20 Nov 2008 09:42:58 +0000 http://www.carblog.co.za/?p=2229#comment-4734 I do not think a rescue package is a good idea. Clearly, the management of these companies do not know how to run them. Maybe with the exception of Ford, who has enough money to keep on running until the end of 2009, these companies did little to provide for tough times. They're under bad, bad management, considering that Toyota does not seem to need a rescue package to survive within the same marketplace. And the bosses, who so proudly proclaim how difficult it is for their people, take back massive salaries which weren't cut in recent months. And to top all that, they arrived at the negotiations with private jets. As I said, I think they deserve to go down. Sad as it may seem for the workers. Any help now would be good money after bad... I do not think a rescue package is a good idea. Clearly, the management of these companies do not know how to run them. Maybe with the exception of Ford, who has enough money to keep on running until the end of 2009, these companies did little to provide for tough times. They’re under bad, bad management, considering that Toyota does not seem to need a rescue package to survive within the same marketplace. And the bosses, who so proudly proclaim how difficult it is for their people, take back massive salaries which weren’t cut in recent months. And to top all that, they arrived at the negotiations with private jets. As I said, I think they deserve to go down. Sad as it may seem for the workers. Any help now would be good money after bad…

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