GM goes back on Opel decision......

Status
Not open for further replies.
I have said it tome and time again. They should never have been bailed out. Only by allowing them to fail totaly would they cut out the cancer and reform as a lean competitive company. GM is like a 700lbs. man that keeps promising to lose weight and each time they restructure the man lose's 5 lbs and declares himself victorious even though he is still 600+ lbs of fat and morbidly obese! The entire culture at GM and athe way in which they think on both sides of the fence on the managment side and the Union side booth need to go the way of the Dodo bird or the Dynasaur.

It wills till happen they will still fail. GM's problem has been for years that they do not build anything that people will pay full price for. No one expect their truck buyers really likes what they make but once they start rebating them it get's to be a deal they just can not pass up. So they have trained their owners to wait for rebates,incentives etc........ When you sit down at a table the first thing they do at the dealership before you even start talking is they start discounting their vechile from MSRP with out even making so much as a peep about price! In the 20 year it has been almost unheard of for anyone to pay less then sticker on a Toyota if you did get it for less then sticker it was not much less and it was part of a national adverttised sale.....

The difference is that Toyota has built things that their customer base and conquest customers are willing to pay full price for. That is a huge difference.

Toyota also use's a lot of platforms not models per say that are globaly and that is a huge saving for them. Same thing goes for engines you can have mild modifications for different markets but should not have to have completely different engines for each market......IN GM's case they would not be able to compete in Europe at all ifnot for Adam Opel's engine line up! GM's 60° V6 does not sell well in Europe and they do not have a light weight high reving turbo diesel in their domestic market at all.On top of that many European and Asian countries have engine displacement tax's starting on anything larger then 1.8-2 Liters in displacement depending on the country domesticly GM has never offered an engine that small that I am aware of?

THe GTO was Autrailian and I think they did a poor job of marketing it! It would have sold like hot cakes with some push behind it. THe Astra should have done great as a Saturn and again no real push.....

Their has always been a "Not Invented Here" mentality with GM and it can not even get along with it's own divisions in other countries! Their has always been to much of the "good ole boy system" at work with in GM instead of everyone asking what is best for my company it is always "what is best for me"!For 7 years I put up with that nonsense! I was tempted to quite because I was getting so tired of it! I even started looking at Toyota North America hoping I could get in with them! In my mind a true profeessional always does what is best for his companies long term survival but I am a rare person I am told.
 
Originally Posted By: JohnBrowning


THe GTO was Autrailian and I think they did a poor job of marketing it! It would have sold like hot cakes with some push behind it. THe Astra should have done great as a Saturn and again no real push.....

Their has always been a "Not Invented Here" mentality with GM and it can not even get along with it's own divisions in other countries! Their has always been to much of the "good ole boy system" at work with in GM instead of everyone asking what is best for my company it is always "what is best for me"!For 7 years I put up with that nonsense! I was tempted to quite because I was getting so tired of it! I even started looking at Toyota North America hoping I could get in with them! In my mind a true profeessional always does what is best for his companies long term survival but I am a rare person I am told.


Throughout the years GM's Opel division has always offered very small displacement 4 cylinder engines to suit the market... I think of late 1.4L and 1.6L has been common but in the past there have been others around the same displacement. Often times they are quite good units...One of the great things about small displacement 4s (less than 1.8L) is how smooth, free revving, and quiet they tend to be, no matter who makes them.

Ah yes you are talking about "turf protection" it has always been a big thing especially at GM in Detroit, and Ford in Dearborn....I am certain that over the years they have put a wrench in the wheels to stop great product from their European divisions from becoming successful here and of course it worked more often or not whether it involved squeezing the marketing budgets of such products (Saturn Astra) or [censored] the product itself by way of dumbing it down for "US tastes" eg.. Ford Contour (Mondeo) Ford Focus MKI, Merker Xr4Ti ( Ford Sierra)
Buick Opel GT, Opel Kadett, Caddy Catera (Opel Omega)
 
Last edited:
Originally Posted By: JohnBrowning
I have said it tome and time again. They should never have been bailed out. Only by allowing them to fail totaly would they cut out the cancer and reform as a lean competitive company. GM is like a 700lbs. man that keeps promising to lose weight and each time they restructure the man lose's 5 lbs and declares himself victorious even though he is still 600+ lbs of fat and morbidly obese! The entire culture at GM and athe way in which they think on both sides of the fence on the managment side and the Union side booth need to go the way of the Dodo bird or the Dynasaur.

It wills till happen they will still fail. GM's problem has been for years that they do not build anything that people will pay full price for. No one expect their truck buyers really likes what they make but once they start rebating them it get's to be a deal they just can not pass up. So they have trained their owners to wait for rebates,incentives etc........ When you sit down at a table the first thing they do at the dealership before you even start talking is they start discounting their vechile from MSRP with out even making so much as a peep about price! In the 20 year it has been almost unheard of for anyone to pay less then sticker on a Toyota if you did get it for less then sticker it was not much less and it was part of a national adverttised sale.....

The difference is that Toyota has built things that their customer base and conquest customers are willing to pay full price for. That is a huge difference.

Toyota also use's a lot of platforms not models per say that are globaly and that is a huge saving for them. Same thing goes for engines you can have mild modifications for different markets but should not have to have completely different engines for each market......IN GM's case they would not be able to compete in Europe at all ifnot for Adam Opel's engine line up! GM's 60° V6 does not sell well in Europe and they do not have a light weight high reving turbo diesel in their domestic market at all.On top of that many European and Asian countries have engine displacement tax's starting on anything larger then 1.8-2 Liters in displacement depending on the country domesticly GM has never offered an engine that small that I am aware of?

THe GTO was Autrailian and I think they did a poor job of marketing it! It would have sold like hot cakes with some push behind it. THe Astra should have done great as a Saturn and again no real push.....

Their has always been a "Not Invented Here" mentality with GM and it can not even get along with it's own divisions in other countries! Their has always been to much of the "good ole boy system" at work with in GM instead of everyone asking what is best for my company it is always "what is best for me"!For 7 years I put up with that nonsense! I was tempted to quite because I was getting so tired of it! I even started looking at Toyota North America hoping I could get in with them! In my mind a true profeessional always does what is best for his companies long term survival but I am a rare person I am told.



I sure wish we could set down and have a beer and talk this stuff out. While I hear you - you (and 99% of the public) really don't know the extent of the new GM changes. Not that I blame you because it was GM that screwed everything up and time and again attempted change. This time it is real - I promise you being on the inside it is amazing. That's all I'll say because results are the only thing you guys will recognize (and i agree with that) and you'll just have to wait and see. It won't be overnight but we are moving extremely fast and so far our sales are up each month and all the latest great product launches have been recieved very well by the media and public in general.
 
Last edited:
So GMBoy it sounds like you may have some "insider" connections at GM, hopefully you are not just a PR guy working FOR them.

I have heard that the US Buick division will add the former Saturn Astra to their line up soon, like for 2010 or 2011, is this true. I hope so the Astra is too good not to be sold in the states, hopefully the car will get the support it should have before GM went belly up.

Also this make me believe that the Opel Corsa, that was also destined for Saturn may also be sold at Buick dealers, any truth to this possibility? I'm actually MORE interested in a Corsa size product than a compact like the Astra.
 
Originally Posted By: Vizzy
So GMBoy it sounds like you may have some "insider" connections at GM, hopefully you are not just a PR guy working FOR them.



lol.gif
No, I am not in PR. Just an employee who strives to do the right thing. I always have an open door invitation to all on BITOG that whenever in Texas - PM me and you'll get a private tour of my plant where you can see some great things goin' on.
 
GMBoy I bet that the OEM supplier I work for still is the vendor for your fuel pumps. My company's name starts with an "A" and ends with an "O". Can you guess who it is? LOL
 
Originally Posted By: Vizzy
GMBoy I bet that the OEM supplier I work for still is the vendor for your fuel pumps. My company's name starts with an "A" and ends with an "O". Can you guess who it is? LOL



Araco?
 
Originally Posted By: jsharp
Originally Posted By: Vizzy


I hear all the [censored] about GM taking taxpayer dollars but in the end I would bet that all will be paid back in full with a huge amount of interest. It might take a decade but the taxpayer will come out ahead and the survival of GM will once again be good for the US consumer and employees.


Good luck on that.

http://abcnews.go.com/Business/wireStory?id=8975873

Taxpayers are unlikely to recover their full investment in General Motors or Chrysler, government investigators said Monday in the latest review to cast doubts that the government will recoup the $80 billion it poured into the two automakers.

The Government Accountability Office concluded that General Motors Co. and Chrysler Group LLC likely won't be valuable enough for the Treasury Department to break even on its investment in the two auto companies that went though bankruptcy earlier this year.

GM would need a market capitalization, or the market value of the company's outstanding shares, of $66.9 billion for Treasury to make its money back, according to GAO. GM's peak market value was $57 billion in 2000.



The GAO is forgetting about inflation...no joke. The loans to GM were inked in 2009 dollars...2014 dollars might be quite different. If you look at the similar inflation rates of the past early 1980's Carter-Reagan era it is quite conceiveable that GM could hit $66Bil in 10 years. Just as a guage think about this: I paid $27,000 for a brand new loaded Porsche 944S in 1987. What would that car cost new today?
 
Originally Posted By: GMBoy
Originally Posted By: Vizzy
GMBoy I bet that the OEM supplier I work for still is the vendor for your fuel pumps. My company's name starts with an "A" and ends with an "O". Can you guess who it is? LOL



Araco?


Close, but no....it's AFCO.
 
I see a lot of negative comments here about GM, but we are an all-GM family now and I think their cars are really made well. I have an 04 Impala- only issue was I just put new brakes and rotors on it all the way around. Had a surging issue with the rotors. so I just did a complete brake job. No other issues at all. 08 Malibu-zero problems. 08 Colorado-zero problems. 02 Cavalier- zero problems (amazing for an economy car that's 8 years old).
 
When a company goes through bankruptcy, it's first responsibility is to repay its creditors -- not to borrow more money so it can avoid selling off a money-losing division.

If it has a few billion extra dollars floating around, why isn't GM paying off the bondholders? That would generate goodwill and maybe convince some former GM owners to become future GM buyers.
 
Originally Posted By: Tornado Red
When a company goes through bankruptcy, it's first responsibility is to repay its creditors -- not to borrow more money so it can avoid selling off a money-losing division.

If it has a few billion extra dollars floating around, why isn't GM paying off the bondholders? That would generate goodwill and maybe convince some former GM owners to become future GM buyers.


The bondholders should've have been pressing the BoD to fire executive management and have the then BoD resign afterwards. In my view the bondholders are as responsible for GM problems as the management.
 
Status
Not open for further replies.
Back
Top Bottom