Does Anyone feel like Bailing

[tw]

Originally Posted by classicman

Perhaps you could provide a pie chart showing the costs of a vehicle broken down.

I don't think I'm reading what you're writing....
there is no way that they can "innovate" immediately - or is there?

The numbers were provided many times previously including number of man-hours in each car. One is expected to read those posts and grasp those numbers.

How did Iacocca turn Chrysler from record losses to repaying all bank loans (there were no government loans) in only four years? He started innovating immediately. Those stories have also been posted numerous times repeatedly. Why did Chrysler have record profits in only four years? Innovation typically takes four to ten years to appear on a spread sheet. Rather obvious is when innovation started.

[classicman]

Originally Posted by tw

The numbers were provided many times previously including number of man-hours in each car. One is expected to read those posts and grasp those numbers.

How did Iacocca turn Chrysler from record losses to repaying all bank loans (there were no government loans) in only four years? He started innovating immediately. Those stories have also been posted numerous times repeatedly. Why did Chrysler have record profits in only four years? Innovation typically takes four to ten years to appear on a spread sheet. Rather obvious is when innovation started.

I read your posts, ya friggin scrooge! I just wanted to see the info in a nice pretty colored pie chart.

The second part of my post was regarding innovation and you seem to have given a very political answer.
So your answer to my original question regarding innovation is "NO. There is no point in innovating. They apparently don't have 4 to 10 years."

[tw]

Originally Posted by classicman

So your answer to my original question regarding innovation is "NO. There is no point in innovating. They apparently don't have 4 to 10 years."

Obviously GM has 4 to 10 years if responsible management exists. 1979 Chrysler also did not have one year to survive. A claim shouted even louder when the government refused them any money. Chrysler had to get their loans from banks ... who were not then flush with hundred of $billions in free government money. Banks, in turn, demanded productive changes and a restructuring plan. Suddenly Chrysler no longer was leaching money everywhere.

Until Iacocca got there, bean counters were so dumb as to keep factories working. Chrysler even covered the entire Michigan State fairgrounds of thousands of cars sitting for so long that grass was growing inside on the carpet AND those unsold cars had started to rust. That was their plan because a bean counter's only solution is to throw money at it. Deja vue GM 2008. GM does not have four years as long as Wagoner remains throwing money at problems. GM easily has four years if GM starts now fixing themselves.

Obviously GM could easily survive with bank loans. Of course the banks already have hundreds of $billions that they should be loaning. But that means Wagoner would have to admit that GM products and manufacturing plants are in dismal shape. Better to beg to a mental midget who does not require any solutions (ie "Mission Accomplished", bin Laden, etc), and who believes "Reagan proved that deficits don't matter".

GM will burn through that government $billions in months and come begging again. How curious that Wagoner was only saying last summer that GM had plenty of reserves and would easily weather through this turmoil. So he did nothing. Suddenly the burn increased to $1billion per month. Then $2billion per month. And still he did nothing. Today he still has no restructuring plan because Wagoner says GM's only problem is the economic downturn - not bad GM products. Why then is GM on the verge of total bankruptcy? Because Wagoner still denies GM's problems. Only bankruptcy would get him off his ass and out the door.

Had Wagoner been honest (no Enron accounting), then GM had no profits in seven years. But Wagoner is educated just like George Jr. He is an MBA - well trained in the art of denial and saying the right things. Like "Mission Accomplished", Wagoner still has no plans and says his products are winning against imports. Only problem? GM loses money on every Chevy car such as the Chevy Cobalt. Their products are that crappy.

The only reason GM does not have another four years? Wagoner does nothing to save GM. His only solution is to throw more money at it. That is what MBA routinely do. That was Ross Perot's complaint. GM throws money like a grenade at problems. Wagoner still claims GM's only problem is directly traceable to the economy - not to GM products. And George Jr agrees - giving GM and Chrysler (a company owned by rich men who don't need the money) $18billion for free. As so again, all Americans will be screwed - especially GM employees.

[classicman]

Originally Posted by tw

Obviously GM has 4 to 10 years if responsible management exists.
Better to beg to a mental midget who does not require any solutions.

GM will burn through that government $billions in months and come begging again. How curious that Wagoner was only saying last summer that GM had plenty of reserves and would easily weather through this turmoil. So he did nothing.
Today he still has no restructuring plan because Wagoner says GM's only problem is the economic downturn - not bad GM products.
Wagoner still has no plans and says his products are winning against imports.
The only reason GM does not have another four years? Wagoner does nothing to save GM. As so again, all Americans will be screwed - especially GM employees.

Wow - after reading this you seem to be torn on whether or not they have time to implement your "innovation plan".

That was a very long post to address a simple yes/no question. I have to infer that you think they will not go bankrupt and therefore have the 4-10 years you are talking about to innovate.
On the other hand, you say tat as long as Wagoner is there they will not have that time unless we keep bailing them out.

We pretty much paid more for the damn company than they were worth. At this rate we should change the name to USA - Unites States Automotive or TFC - Taxpayer Funded Cars... The benefits for the union employees would then be altered to those of Gov't employees.

[tw]

Originally Posted by classicman

We pretty much paid more for the damn company than they were worth.

Rick Wagoner says GM's products are world class competitive. Anyone with minimal intelligence knows that is not true. Rick Wagoner says GMs only problem is the economy. So Rick Wagoner has no restructuring plans and it therefore given $10billion. GM is already making plans so that government can double down on a bad debt. Must be executed quickly because the White House will soon finally have someone with intelligence; not driven by blind loyality to a political agenda.