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Old 11 Dec 2008, 06:02 am
Gosi
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Default Re: GM admits it flucked up big time

On 11 Dec, 05:42, coachros...@hotmail.com wrote:
> On Dec 10, 7:42*pm, dbu' <nos...@nobama.com> wrote:
>
>
>
> > In article <grovgrgrovel@ grovel >,
> > *Nate Nagel <njna...@roosters.net> wrote:

>
> > > 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..
> > > 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

>
> > They are groveling for money like pigs at the trough and will say
> > anything to get it, snort.....
> > --

>
> > "It's deja vu all over again"
> > Yogi Berra- Hide quoted text -

>
> > - Show quoted text -

>
> You hit the nail on the head!
>
> Of course, the money the get will be at the expensne of the automobile
> buyer, and even more so for those working in the industry!


It is interesting that Ford is not willing to receive money under the
terms the government is offering.
GM has no option but to crawl on the knees and hat in hand take the
money if they are to get any.
The best thing is to let them go into C11
Anything else is just plain stupid.
What else is there to be expected form Bush.
The question is if Bush is the most clever guy in the US?
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