That truck is almost twenty years old, has nearly 250K on it and is still better put together than most current American-branded, UAW-built cars.
Posted on 03/29/2009 2:12:11 PM PDT by kcvl
Edited on 03/29/2009 4:22:35 PM PDT by Admin Moderator. [history]
Officials say GM Chairman and CEO Rick Wagoner will step down immediately at request of the White House.
Danke!
Hard to read this one. Crystal ball a bit cloudy at the moment.
The only reason GM shareholders aren't using their shares as wallpaper is because the taxpayers are funding GM's operations. It's a failed business. The shareholders, along with the Board of Directors, abdicated their responsibility and lost their authority the second GM cashed the TARP check and went on welfare.
I bet you thought it was okay for the Government to incite violence against the AIG executives too.
Your though process eludes me, and leads you astray.
It’s another sad day for America. My Dad was UAW 30 years. He has been retired longer than he worked. If you buy a new GM car, half of the cost is for taking care of guys like my Dad. I have never been able to afford a new car. My Dad bought a new one every other year. He had to leave school after the 8th grade to help on the farm. I have 5 years of college. He got a better education than I did. If I could afford to buy a new car, I would never buy it from GM (Government Motors). That company survived 30 years longer than it should have just because it had so much goodwill built up. It was the most mismanaged company - almost as bad as the government. Regardless, for the Messiah to force him to resign just turns my stomach. Obama is a despot, a tinpot dictator. Obama is dragging America down into a shameful squalid place.
The Pelosi GTxi SS/RT, It’s in the way you dress. The way you boogie down. The way you sign your unemployment check. You’re a man who likes to do things your own way. And on those special odd-numbered Saturdays when driving is permitted, you want it in your car. It’s that special feeling of a zero-emissions wind at your back and a road ahead meandering with possibilities. The kind of feeling you get behind the wheel of the Pelosi GTxi SS/Rt Sport Edition from Congressional Motors.
All new for 2012, the Pelosi GTxi SS/Rt Sport Edition is the mandatory American car so advanced it took $100 billion and an entire Congress to design it. We started with same reliable 7-way hybrid ethanol-biodeisel-electric-clean coal-wind-solar-pedal power plant behind the base model Pelosi, but packed it with extra oomph and the sassy styling pizazz that tells the world that 1974 Detroit is back again — with a vengeance.
We’ve subsidized the features you want and taxed away the rest. With its advanced Al Gore-designed V-3 under the hood pumping out 22.5 thumping, carbon-neutral ponies of Detroit muscle, you’ll never be late for the Disco or the Day Labor Shelter.
http://www.youtube.com/watch?v=rAqPMJFaEdY
What a disgrace. Will they now design and build a “volks wagon” for The One?
Translation. More taxpayer raped bailout billions with more political control and interference.
No, it wasn’t only the UAW’s fault. Management had to agree to those contracts. Management opened new plants that were not necessary. Management created the debt structure. Management saw the signs that the finance arm was subsidizing the auto-making arm of GM a decade ago - and they were very slow to deal with that.
Wagoner suffers from being a Harvard MBA, the scourge of American business and industry. They’re the most over-educated, under-informed clowns in the world of management, finance and C-level executive leadership today. If there were any justice, the “Harvard MBA” would become a kiss of death to all of these clowns’ careers and no one would ever, EVER employ these morons ever again.
GM Vice Chair Frizt Henderson to replace Wagoner per FOXNEWS
Anyone know anything about this guy?
Fritz Henderson (Vice Chairman & President of GM) to replace Wagoner.
GM’s ability to put a significant upside or downside on the DJIA has been reduced along with GM’s capitalization. Remember, the DJIA is a cap-weighted index.
Stick a fork in GM.
per Wiki
Frederick “Fritz” Henderson (born November 29, 1958, in Detroit, Michigan) is the current President and Chief Operating Officer of General Motors Corporation. He has been with the company since 1984. Henderson had previously served as the CFO of GM and assumed his current position in late 2007. He holds a Master of Business Administration degree from Harvard University and a bachelor’s degree in business administration from the University of Michigan’s Ross School of Business. Henderson is replacing Rick Wagoner as CEO of General Motors after Wagoner served for 8 years. He will assume his new position on March 31, 2009.
Mitt Romney. Harvard Law and MBA.
That truck is almost twenty years old, has nearly 250K on it and is still better put together than most current American-branded, UAW-built cars.
This will make for an interesting book a couple years from now. One can only hope the players at GM are willing to candidly speak with the author.
No wonder this country has one foot on the grave and another on a bar of soap...
My beeber is stuned!
It’s time to curb the power of the Federal government. In fact, with this crew of clowns running things, it’s way past time.
Many think this is overdue, and his ouster would normally be the work of the “Board of Directors.”
Much of what has become problematic for American businesses is from failed Boards.
Historically boards had several “insiders” who knew the business, had a big stake, etc.
Then about 20 years back it was deemed in the universities that boards needed diversity.
Most major corporations complied, replacing seasoned industry execs on the board, with designated token blacks, women, hispanics, etc.
Now there is a class of highly educated polished people who mainly sit on boards. They are usually professors, lawyers or retired business execs from other industries.
The people on Obama’s advisory board right now for this auto industry bailoput have no automobile industry experience.
The idea to get rid of Wagoner is ccorrect, and is only obvious. The highpopint of his tenure was cranking out Tahoes and Silverados with not much of a contingency plan for later times.
It is later times. Toyota had contingency plans, and took over Number One.
Maybe the next head of GM will think of something besides having one vehicle, and selling it under three badges.
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