Wagoner’s ouster changes nothing

4 thoughts on “Wagoner’s ouster changes nothing”

  1. I just don’t understand why we even give GM 60 more days to come up with a new plan. The company had had four whole months and still couldn’t.
    And they had years before that to figure out why they were losing market share, and never did. I don’t see why our tax dollars should keep them (or any failing company) afloat when the market won’t.

  2. “AIG and GM “too big to fail”? What kind of nonsense is that? As far as I’m concerned, you screw up big, you fail big. That’s fair. That’s life. That’s the breaks.”

    Aye, that’s capitalism. They should have built a better mousetrap, as it were.
    Lol! Yep, they were too busy making parachutes to worry about better mousetraps.

  3. PARDON THE SHOUTING! GM HAD THIRTY YEARS TO GET IT RIGHT. THIRTY YEARS!! Remember the lines to get gasoline in 1973??

    I have NO sympathy for the executives. They must now answer for their arrogance.
    I stand corrected. I do indeed remember the gas lines. Coincidentally, 1972 was the last year I bought an American car.

  4. PARDON THE SHOUTING! GM HAD THIRTY YEARS TO GET IT RIGHT. THIRTY YEARS!! Remember the lines to get gasoline in 1973??

    David, et al – it wasn’t GM, Ford, Chrysler, Honda, Toyota, Chevvy…. you can add as many more names to that as you wish.

    I promise I won’t go into any sort of long essay – but it wasn’t, and never is the companies fault – disclaimer at this point – I am a European left-winger, so in the US sense that makes me a relative of Marx – but the fault lays squarely on the shoulders of us, all of us – we who bought the cars that they produced, this is the problem with capitalism as seen by Ronnie Reagan and Maggie Thatcher – and others that have followed on their personal indoctrination.

    All those companies produced cars that Americans, Europeans wanted. They made profits and no one cared.

    In Europe (particularly the UK) Gas (petrol) is vastly expensive – now in Europe they have care with engines that are no more than 1.0L and will pull a trailer – cars that are no more than 1.6L and can do 50 MPG.

    The people said they don’t want gas guzzlers and stopped buying them – the companies changed.

    Look at the Toyota Corrolla in Europe, and compare it to the US one – same name, different car – my old car in the UK was a Vauxhall Astra (Saturn here) I tried to buy the same model with a 1.6L engine, 16 valve, injection – powerful and economical – the sales guy looked at me and asked if it was an import – the car (Saturn) is built in the same factory in Ghenk, Belgium, as the ones available in North America – yet their engine size starts at a 2.0L.

    You have to ask yourself why – it is because in North America smaller engines are seen as not as powerful. Quite, quite wrong.

    I think Pied and I have discussed this before.

    The moral of this is “You can’t blame the execs for giving you want you want – nor can you stop them getting paid if you keep buying the product they supply”.

    Gotta love capitalism.
    Yeppers, we’ve talked about that good ol’ Astra before. I thought maybe GM was finally moving in the right direction when it introduced the Saturn line. But then when the financial crisis struck last year, Saturn was the line that got the axe. Go figure.

... and that's my two cents