The CEO who thought that that the Pontiac Aztec would sell should be fired.
He should be put in an insane asylum as well.
Posted on 12/07/2008 12:45:13 PM PST by NormsRevenge
CHICAGO - President-elect Barack Obama announced support Sunday for a short-term government bailout of the nation's carmakers that is tied to industry restructuring. He also accused auto executives of a persistent "head-in-the sand approach" to long-festering problems.
Obama said Congress was doing "the exact right thing" in drafting legislation that "holds the auto industry's feet to the fire" at the same time it tries to prevent its demise.
In an appearance on NBC's "Meet the Press" and later at a news conference, Obama at one point suggested some executives should lose their jobs.
(Excerpt) Read more at news.yahoo.com ...
The CEO who thought that that the Pontiac Aztec would sell should be fired.
He should be put in an insane asylum as well.
It's not because you are just an ignorant customer.
The other all too true aphorism is "management gets the union it deserves".
Obama wants to bailout Kenya and other nations.
Barack Obama: Global Poverty Act = World tax = Socialism
http://video.aol.com/video-detail/barack-obama-global-poverty-act-world-tax-socialism/1343004660
We are dealing with "overhead" ~ to wit, retiree medical insurance/care and retiree pensions.
There are 600,000 people involved. Once you've trimmed GM/FORD/CHRYSLER down to fighting trim and offloaded those retiree costs, you and I get to pay the overhead.
You ready for that?
The POS-elect has run just how many industries again?
Can you imagine the outcry if Bush had suggested, say, some Hollywood execs should be fired? Oddly enough, when it comes to someone Obama actually has some influence in terminating- like Charlie Rangel, the great one is suddenly silent.
I think it is largely due to the UAW. My dream result of this is that GM goes bankrupt and comes back without the unions following selling off a division to a private investor. Wouldn’t it be great to see an euntrepreneur take over a few plants and build quality American autos?
Beyond the wage issue, unions make it difficult to get rid of lousy employees. I want to buy a car from a company that kicks a lousy employee out to put in a better one, not a company that protects lousy employees.
While he is probably right... the fact that this comes from someone who (as far as we know) has never been an "Executive" of so much as a LEMONADE STAND makes his opinion worth less than some dude with a "Will Work For Food" sign at an intersection!!!
Well then you tell me how they got in this mess? paying union workers that are layed off maybe? Obviously their labor costs are higher than the Japanese auto manufacturers. Are you saying the union isn't to blame for GM's troubles? HOGWASH!
Otherwise the UAW would shut them down. GM doesn’t stop expenses when the factories stop producing
That's part of the reason that GM has so many brands and car lines...they can't fire people. If they get rid of workers, they have to pay them a huge buyout package or send them to the infamous jobs bank, paying 85% of their salary. So, they figure they keep making the excess line of cars with a modest loss versus getting rid of the workers and taking a larger loss.
I don't deny the auto execs made some lousey choices and are waaaay overpaid but Obama was silent on the union contracts that helped put GM where it is today.
As far as Rangel is concerned Obama would NEVER admit a fellow RAT has done wrong. Birds of a feather stick together.
It cost about $13,000, and could carry 5 adults with all their luggage, plus it had a rooftop capacity of about 200 pounds provided you had the optional rail system.
This model was highly desired for use by sales reps who worked in downtown locations. Hyundai says "it's coming back next year".
The Pontiac Aztec outfitted similarly (and obviously a bigger vehicle) was priced at about $27,000.
For a long while these were the only two passenger type vehicles that could successfully carry a sheet of plywood and still leave room for a driver and passenger. I don't think GM is going to bring this one back.
Advice from someone that has never held a job let alone one with executive responsibility!
I used to carry 12-2X12X16ft. in my 1976 AMC Pacer.
I suggest some leaders in the house and senate lose their jobs as well. They have done just as bad of a job as auto executives have done.
If all the Chevy and Chevy knockoffs GM offers were painted but one color, you would need spaces for 420 vehciles to allow a customer to see them all!
I think the marketing people at GM went insane some time ago ~ just totally flat out mentally ill type insane.
On our honeymoon through Wisconsin we stopped and bought half a dozen directly from a mill. They were used later to deck out the van and do stuff.
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