On Dec 10, 8:16*pm, "80 Knight" <nospam> wrote:
> "Nate Nagel" <njna...@roosters.net> wrote in message
>
> news:ghpmqu0mhk@news6.newsguy.com...
>
>
>
> > Oscar Finkleheimer wrote:
> >> In article <o3l0k4lh1qe5ucvnn4i1p1kp93tq5p9...@4ax.com>,
> >> *me <noem...@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. Whata
> > 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.

What a shame that GM and Chrysler are in a position where they will
run out of money. And what a shame that the big banks were not allowed
to fail or go bankrupt. In addition, the Detroit 3 should be allowed
to go bankrupt. That's why we have those laws.

Jeff