jd957 Posted November 21, 2005 Share Posted November 21, 2005 GM is set to close more assembly plants. How long until they file for bankruptcy? "General Motors Corp. Chief Executive Rick Wagoner, who said in June he would eliminate 25,000 North American manufacturing jobs by 2008, today said he will close 12 facilities and cut 30,000 jobs." General Motors' Wagoner to Close 12 North American Locations Link to comment Share on other sites More sharing options...
Whiffle Posted November 21, 2005 Share Posted November 21, 2005 They won't any time soon. They make alot more than just cars...like trains. And, cutting jobs may help them out, with the unions doing their crap and all.. Link to comment Share on other sites More sharing options...
Fred Derf Veteran Posted November 21, 2005 Veteran Share Posted November 21, 2005 The moves are designed to bring them back to profitability. 2005 is the first year in quite some time where they are expected to post a loss, AFAIK. Link to comment Share on other sites More sharing options...
Boffa Jones Veteran Posted November 21, 2005 Veteran Share Posted November 21, 2005 On top of the last two replies if they start in on getting awesome fuel efficiency that will probably help in the long run as well. Link to comment Share on other sites More sharing options...
davemania Posted November 23, 2005 Share Posted November 23, 2005 On top of the last two replies if they start in on getting awesome fuel efficiency that will probably help in the long run as well. 586835504[/snapback] That was the problem all along.The japanese focused on fuel efficiency while GM and Ford focused on putting TV on the back seat. Now they're paying for it. Link to comment Share on other sites More sharing options...
kennyout Posted November 27, 2005 Share Posted November 27, 2005 ^true....GM and Ford just did not care about safety and gas mileage well enough (I mean have you heard about the ignition switch thingy?....those house fires....tisk tisk, and gas mileage....sheesh...) and I remember on TV....Adam Carolla Show: the guy compared a 1970's VW VAN to current day Ford Explorer SUV....the VW seated like 7ish, and the Ford seats like 5....THE 1970's VW VAN GETS BETTER GAS MILEAGE THAN A CURRENT DAY FORD SUV.....30ish YEAR DIFFERENCE!, UNNACCEPTABLE .....FORD GRADE F and the truth be told, people realized that they don't need big gas gusling SUVs, when they have nothing to transport in them, let alone wasting so much money on gas.... but at the same time, what are we going to do when the Hybrids begin to die from age....i mean battery acid is a bitch But yes GM, FORD, and the rest are to blame for their own downfall....when you make too many of a product and it just sits there, you make no money, you loose money, and you advertize out the ass (Marketing costs money).....which means they can't pay their bills off in time, that hurts their parts supplyer , i.e. DELPI (who filed for Bankruptcy)....who then has to lay off people to meet costs, hurting their mini-suppliers..... and with those 3 main companies: GM, DELPI, FORD hurting, the American Ecconomy hurts Link to comment Share on other sites More sharing options...
Recommended Posts