"Nate Nagel" <njnagel@roosters.net> wrote in message
news:ghpmqu0mhk@news6.newsguy.com...
> Oscar Finkleheimer wrote:
>> In article <o3l0k4lh1qe5ucvnn4i1p1kp93tq5p94ga@4ax.com>,
>> me <noemail@nothere.com> wrote:
>>
>>> For all you GM defenders who refuse to admit that GM screwed
>>> themselves by refusing to recognize vehicle trends and build less
>>> SUV's and trucks and invest in other production; by building low
>>> quality cars; by building cars no one wants; and by generally
>>> mismanaging the company - here is it from the horse's mouth (or more
>>> accurately, horse's ass in the case of GM):
>>> http://news.yahoo.com/s/nm/20081208/us_nm/us_gm_ad
>>>
>>> "... we acknowledge we have disappointed you," the ad said. "At times
>>> we violated your trust by letting our quality fall below industry
>>> standards and our designs became lackluster."
>>>
>>> The unsigned open letter, entitled "GM's Commitment to the American
>>> People" ran in the trade journal Automotive News, which is widely read
>>> by industry executives, lobbyists and other insiders.
>>>
>>> In the ad, GM admits to other strategic missteps analysts and critics
>>> have said hastened its recent decline.
>>>
>>> "We have proliferated our brands and dealer network to the point where
>>> we lost adequate focus on the core U.S. market," the ad said. "We also
>>> biased our product mix toward pick-up trucks and SUVs."
>>
>> "unsigned open letter". Maybe from the autoworkers union?
>
> I heard on the radio today that Wagoner himself had apologized before
> Congress for not investing more in electric/hybrid technologies. That
> pisses me off... as much as I've been disappointed in GM they have done
> more than any other company (possible exceptions Honda and Toyota, but I'd
> still give the edge to GM) to try to make electric cars practical. What a
> spineless wanker. Don't apologize for s**t you didn't do, that just makes
> you look like you're begging (of course, he probably is at the "begging"
> point now...)
>
> unfortunately I can't find a news link yet, but I bet it will show up
> shortly.
>
> nate

From what I see, GM is in very desperate need of the cash, and will say
anything to get it. There survival (and possibly the survival of the other
Big3) depends on it. What a shame that a good auto manufacture has to beg,
and lie (lies that will actually hurt them) to get $35 million, when the big
banks were handed $700 billion on a gold platter.