smashweights Posted December 31, 2009 Report Share Posted December 31, 2009 http://money.cnn.com/2009/12/30/news/companies/gmac_bailout/index.htmApparently GMAC is getting $3.8 billion more on top of $13.8 billion it already has and the feds will now control the company. Remind me where the incentive is to not be financially irresponsible in the banking industry is again? You fuck up and lose ass-loads of money, gov't bails you out. You STILL are fucking up after getting FREE money, gov't gives you more money. Repeat until company is owned by gov't.Finally, I was at Barnes and Noble today and saw that the Time Magazine Person of the Year was Federal Reserve Chairman Ben Bernanke!?! Quote Link to comment Share on other sites More sharing options...
Rod38um Posted December 31, 2009 Report Share Posted December 31, 2009 I have owned GM products my whole adult life. I will never buy another one! Quote Link to comment Share on other sites More sharing options...
SAMBUSA Posted December 31, 2009 Report Share Posted December 31, 2009 After February this country is going to be in a shit ton of trouble. Market is gonna drop out to new lows. Quote Link to comment Share on other sites More sharing options...
fusion Posted December 31, 2009 Report Share Posted December 31, 2009 After February this country is going to be in a shit ton of trouble. Market is gonna drop out to new lows.More fear. Quote Link to comment Share on other sites More sharing options...
rick37 Posted December 31, 2009 Report Share Posted December 31, 2009 But whats sad about us the tax payers giving GMAC more money is the same people that got the company in the fu** up shape its in, they are still going to be running the company. Quote Link to comment Share on other sites More sharing options...
jagr Posted December 31, 2009 Report Share Posted December 31, 2009 So GMC stands for Goverment Motor Corporation right??? Quote Link to comment Share on other sites More sharing options...
ReconRat Posted December 31, 2009 Report Share Posted December 31, 2009 Don't forget, that technically both GM and GMAC are gone. Down the tubes. In the restructuring, a new company was required to be formed. It happens to be GMC for it's initials. heh...So I'm saying GM died, it's gone. Only it's ghost is here to haunt us. They pissed me off when they killed Oldsmobile anyway... Quote Link to comment Share on other sites More sharing options...
SAMBUSA Posted December 31, 2009 Report Share Posted December 31, 2009 More fear. Unfortunately some fear is true. Quote Link to comment Share on other sites More sharing options...
jporter12 Posted January 1, 2010 Report Share Posted January 1, 2010 They pissed me off when they killed Oldsmobile anyway...This isn't your father's Oldsmobile. No, it's the old guy's from OR that's old enough to be everyone's dad! Seriously though, I still don't get the dropping of Olds, and now Pontiac. NONE of the vehicles were unique to the brand, they were all on a platform shared by another GM nameplate. If none, at least most. Also, with both brands, many of the dealerships were shared with another nameplate, also. Pontiac/GMC, Olds/Cadillac, etc... Maybe that is just unique to some areas, and not the norm throughout the country? Quote Link to comment Share on other sites More sharing options...
InyaAzz Posted January 1, 2010 Report Share Posted January 1, 2010 Seriously though, I still don't get the dropping of Olds, and now Pontiac. NONE of the vehicles were unique to the brand, they were all on a platform shared by another GM nameplate. That was precisely part of the problem. The cars were competing with themselves. No brand identity or personality. Over the years...you could get the same model from GM OR Pontiac. What makes Pontiac so special then? They lost their identity...with the exception of the G6, and more importantly the G8, Pontiac is the same brand of old. It makes perfectly good sense to me, especially when you're getting your ass handed to you by imports. Circle the wagons, stop making multiple models of the same car that no one is buying, and cut costs. Oh yeah, and take some government money.I have a really close friend in management at the GM plant in Detroit proper. He was brought in to fix things...he has a track record of setting shit straight in the production process. Once he started fixing issues on the line, and making people look bad who make 2 and 3 times what he makes, all of a sudden he's the fall guy and they are trying to set him up to fail. GM hasn't changed one fucking bit. Quote Link to comment Share on other sites More sharing options...
gearman Posted January 1, 2010 Report Share Posted January 1, 2010 Inter-division competition used to promote innovation, particularly in the 50s and 60s. If more recent management would have examined that era and allowed the brands more individuality, Toyota would not be on top of the heap today. Quote Link to comment Share on other sites More sharing options...
MattKatz Posted January 1, 2010 Report Share Posted January 1, 2010 Why should we care about this again..Not one thing anyone here can change in this current process unfortunately. Quote Link to comment Share on other sites More sharing options...
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