[BigAls87Z28]

Originally Posted by Tsar

Well that's recent, I can see this as an "excuse" but I'm talking about 7.5 prior to that. I had no idea they have not been profitable for so long.

The reason I asked is because I skimmed an article from FORTUNE magazine, where they had a chart with GM not posting profits since 2000. I can post it the chart, if needed, but I don't wanna scan the whole article (6 pages long).


Well exactly, you can;t do it that fast, they haven't done it themselves for the past 8 years, I have a hard time believing they will turn turd into gold if they are given this "loan" money.

Turn around program didnt really take effect till 2003 the earliest with product. There havent been major reorganization or renegotiations with teh UAW till 2005 and even more in 2007.
GM was planned on making a major turn around into 08 with major product introductions.
Its not like its been all down hill and its just been bad desision after bad. The current managment hasnt been in place for very long, 3-4 years tops.
They HAVE been doing it for the past 2 years, and untill this little hickup, there wasnt any major probelm. Sure GM was on the ropes for a little while, but they were moving towards profitability.

This recent economic crisis is the current problem. Its nothing else.
If it was GM's stupid marketing moves, or that they didnt make cars that everyone wanted, or some other reason, then THEY woudl be the only ones having problems.
EVERYONE is having problems selling cars. All the major automakers were down 30% or more. Its just that GM has spent so much money on trying to turn around itself, that it got caught with thier pants down on top of the fact that GM doesnt make the profit that the imports do based on several things
Is GM perfect? No way, they have plenty to do, but they can do it and they are showing that they are ready to do this.

So you want to place profitability of a company into governments hands? Because I do not think GM can manipulate the Euro.

You go from trying to act smart one line, and trying to be a smart ass the other.
Currency manipulation is the name of the Japanese game. Its been going on for a long time.
Euro's havnet made the same type of profit that the Japanese have, even though they have the same labor programs that the Japanese do.
Hrm....
Doesnt matter, why do I waste my breath on you.

You're like that odd looking jealous kid on the block that keeps saying "mommy, mommy, he has it I want one too." Just because someone got government money doesn't mean GM should. Otherwise lets start giving it to everyone I'll take a Christmas bailout please!

Now you are getting personal, so I guess you are really starting to get into this. Im not asking for the money, and Im not jealious of anyone, and I sure as hell aint odd looking. But you like to include me as if Im the one standing in front of the Senate. Maybe its becaues you would like to pin it onto something you know, something tangeable, who knows, but you keep including me into this. Its starting to get creepy.

Yes, if you are gunna give AIG and several banks blank checks, be ready to hand it out to everyone. Should have had more control over the banks, but thye didnt. Oh well, so now we get to take it out on the automakers I guess.