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Old 1st June 2009, 22:41   #181
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There is already a thread!

http://www.team-bhp.com/forum/intern...er-resign.html

And its not bust. It'll be prevented from going bust by the Govt.
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Old 1st June 2009, 22:51   #182
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Originally Posted by SLK View Post
And its not bust. It'll be prevented from going bust by the Govt.
agree...its not "bust" in the true technical sense of the term. but i think we all know what I men. if not for the earlier $20 billion pumped in by the Obama administration and this current bailout, it would be bust in the true sense of the term.

in any case they still will be filing for bankruptcy. things will move forward from there.

p.s.
mods...could this be merged with the existing thread SLK has kindly pointed out. my apologies.
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Old 1st June 2009, 23:57   #183
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Magna bought Opel AG and Vauxhall with the help of Russians but kept Saturn out of the deal.

Is wierd coz Magna is a North American company and saturn a north American brand based on Opel.

GM is not more General motors. GM now stands for Government Motors.
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Old 2nd June 2009, 07:36   #184
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Originally Posted by gaddiwale View Post
Even as its American parent General Motors (GM) has filed a bankruptcy petition, its Indian subsidiary GM India announced Monday that it remains unaffected.
Would this mean no effect on Sales & Service from GM side?
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Old 2nd June 2009, 09:04   #185
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Originally Posted by santsharan View Post
Would this mean no effect on Sales & Service from GM side?
I am not sure. Remember all the pious statements before Daewoo went bust!


In 1955 Charles Wilson Chairman, General Motors said, "What is Good for General Motors is Good for America". How the mighty have fallen.

Given their current state may be the US should follow GM and declare itself bust.

Mods: Please update the topic label!
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Old 2nd June 2009, 09:36   #186
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GM symbolized the American arrogance and now just like the country its getting what its asked for.

Too bad really the one car that they truly succeeded was the new camaro.
Man thats a hot car.
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Old 2nd June 2009, 11:54   #187
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GM going insolvent - Surprising, US will be shocking. Though will happen soon.
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Old 2nd June 2009, 13:34   #188
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GM is running an online campaign in India to reassure Indian customers - GM India Confidence
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Old 2nd June 2009, 13:41   #189
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Originally Posted by LastActionHero View Post
GM is running an online campaign in India to reassure Indian customers - GM India Confidence
there is more detail on the FAQ link from the above page
GM India FAQs
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Old 2nd June 2009, 16:04   #190
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I must say that's a very pro-active, fast and neat response from GM India. Pretty good stuff.

The FAQ is quite exhaustive and detailed which means GM India took it's time in devising it. Obviously they knew that GM North America will declare bankcruptcy .

EDIT: In the FAQ, the question on whether there will be problems in sourcing parts for GMI's customers the response is:

Quote:
Absolutely not. GM India, which manufactures and sells the Chevrolet brand of cars, has been operating in India for the last 14 years.
14 years of operations in India?

Last edited by amit : 2nd June 2009 at 16:06.
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Old 2nd June 2009, 16:13   #191
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14 years of operations in India?
Yeah, if you consider the fact that GM India in 1994 was a JV between GM and Hindustan Motors, producing and selling Opel brand of cars.
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Old 2nd June 2009, 16:14   #192
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i think opel astra was launched around 10 years back,so i guess GM's presence in India has indeed been around 14 years.
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Old 2nd June 2009, 16:16   #193
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Opel was positioned as a separate car maker and showrooms never had the GM logo on them. It was always the lightening bolt logo of Opel. They even advertised the cars as German engineered. An ordinary Indian never knew the GM-Opel connection and I suspect many still don't.
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Old 2nd June 2009, 16:16   #194
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Default What Mr. Michale Moore has to say

A brilliantly written article by Michale Moore on the the whole episode. I completely agree with eacn and every point made by him.

for the benefit of one and all here it is :


Goodbye, GM ...by Michael Moore


I write this on the morning of the end of the once-mighty General Motors. By high noon, the President of the United States will have made it official: General Motors, as we know it, has been totaled.

As I sit here in GM's birthplace, Flint, Michigan, I am surrounded by friends and family who are filled with anxiety about what will happen to them and to the town. Forty percent of the homes and businesses in the city have been abandoned. Imagine what it would be like if you lived in a city where almost every other house is empty. What would be your state of mind?

It is with sad irony that the company which invented "planned obsolescence" -- the decision to build cars that would fall apart after a few years so that the customer would then have to buy a new one -- has now made itself obsolete. It refused to build automobiles that the public wanted, cars that got great gas mileage, were as safe as they could be, and were exceedingly comfortable to drive. Oh -- and that wouldn't start falling apart after two years. GM stubbornly fought environmental and safety regulations. Its executives arrogantly ignored the "inferior" Japanese and German cars, cars which would become the gold standard for automobile buyers. And it was hell-bent on punishing its unionized workforce, lopping off thousands of workers for no good reason other than to "improve" the short-term bottom line of the corporation. Beginning in the 1980s, when GM was posting record profits, it moved countless jobs to Mexico and elsewhere, thus destroying the lives of tens of thousands of hard-working Americans. The glaring stupidity of this policy was that, when they eliminated the income of so many middle class families, who did they think was going to be able to afford to buy their cars? History will record this blunder in the same way it now writes about the French building the Maginot Line or how the Romans cluelessly poisoned their own water system with lethal lead in its pipes.

So here we are at the deathbed of General Motors. The company's body not yet cold, and I find myself filled with -- dare I say it -- joy. It is not the joy of revenge against a corporation that ruined my hometown and brought misery, divorce, alcoholism, homelessness, physical and mental debilitation, and drug addiction to the people I grew up with. Nor do I, obviously, claim any joy in knowing that 21,000 more GM workers will be told that they, too, are without a job.

But you and I and the rest of America now own a car company! I know, I know -- who on earth wants to run a car company? Who among us wants $50 billion of our tax dollars thrown down the rat hole of still trying to save GM? Let's be clear about this: The only way to save GM is to kill GM. Saving our precious industrial infrastructure, though, is another matter and must be a top priority. If we allow the shutting down and tearing down of our auto plants, we will sorely wish we still had them when we realize that those factories could have built the alternative energy systems we now desperately need. And when we realize that the best way to transport ourselves is on light rail and bullet trains and cleaner buses, how will we do this if we've allowed our industrial capacity and its skilled workforce to disappear?

Thus, as GM is "reorganized" by the federal government and the bankruptcy court, here is the plan I am asking President Obama to implement for the good of the workers, the GM communities, and the nation as a whole. Twenty years ago when I made "Roger & Me," I tried to warn people about what was ahead for General Motors. Had the power structure and the punditocracy listened, maybe much of this could have been avoided. Based on my track record, I request an honest and sincere consideration of the following suggestions:

1. Just as President Roosevelt did after the attack on Pearl Harbor, the President must tell the nation that we are at war and we must immediately convert our auto factories to factories that build mass transit vehicles and alternative energy devices. Within months in Flint in 1942, GM halted all car production and immediately used the assembly lines to build planes, tanks and machine guns. The conversion took no time at all. Everyone pitched in. The fascists were defeated.

We are now in a different kind of war -- a war that we have conducted against the ecosystem and has been conducted by our very own corporate leaders. This current war has two fronts. One is headquartered in Detroit. The products built in the factories of GM, Ford and Chrysler are some of the greatest weapons of mass destruction responsible for global warming and the melting of our polar icecaps. The things we call "cars" may have been fun to drive, but they are like a million daggers into the heart of Mother Nature. To continue to build them would only lead to the ruin of our species and much of the planet.

The other front in this war is being waged by the oil companies against you and me. They are committed to fleecing us whenever they can, and they have been reckless stewards of the finite amount of oil that is located under the surface of the earth. They know they are sucking it bone dry. And like the lumber tycoons of the early 20th century who didn't give a damn about future generations as they tore down every forest they could get their hands on, these oil barons are not telling the public what they know to be true -- that there are only a few more decades of useable oil on this planet. And as the end days of oil approach us, get ready for some very desperate people willing to kill and be killed just to get their hands on a gallon can of gasoline.

President Obama, now that he has taken control of GM, needs to convert the factories to new and needed uses immediately.

2. Don't put another $30 billion into the coffers of GM to build cars. Instead, use that money to keep the current workforce -- and most of those who have been laid off -- employed so that they can build the new modes of 21st century transportation. Let them start the conversion work now.

3. Announce that we will have bullet trains criss-crossing this country in the next five years. Japan is celebrating the 45th anniversary of its first bullet train this year. Now they have dozens of them. Average speed: 165 mph. Average time a train is late: under 30 seconds. They have had these high speed trains for nearly five decades -- and we don't even have one! The fact that the technology already exists for us to go from New York to L.A. in 17 hours by train, and that we haven't used it, is criminal. Let's hire the unemployed to build the new high speed lines all over the country. Chicago to Detroit in less than two hours. Miami to DC in under 7 hours. Denver to Dallas in five and a half. This can be done and done now.

4. Initiate a program to put light rail mass transit lines in all our large and medium-sized cities. Build those trains in the GM factories. And hire local people everywhere to install and run this system.

5. For people in rural areas not served by the train lines, have the GM plants produce energy efficient clean buses.

6. For the time being, have some factories build hybrid or all-electric cars (and batteries). It will take a few years for people to get used to the new ways to transport ourselves, so if we're going to have automobiles, let's have kinder, gentler ones. We can be building these next month (do not believe anyone who tells you it will take years to retool the factories -- that simply isn't true).

7. Transform some of the empty GM factories to facilities that build windmills, solar panels and other means of alternate forms of energy. We need tens of millions of solar panels right now. And there is an eager and skilled workforce who can build them.

8. Provide tax incentives for those who travel by hybrid car or bus or train. Also, credits for those who convert their home to alternative energy.

9. To help pay for this, impose a two-dollar tax on every gallon of gasoline. This will get people to switch to more energy saving cars or to use the new rail lines and rail cars the former autoworkers have built for them.
Well, that's a start. Please, please, please don't save GM so that a smaller version of it will simply do nothing more than build Chevys or Cadillacs. This is not a long-term solution. Don't throw bad money into a company whose tailpipe is malfunctioning, causing a strange odor to fill the car.

100 years ago this year, the founders of General Motors convinced the world to give up their horses and saddles and buggy whips to try a new form of transportation. Now it is time for us to say goodbye to the internal combustion engine. It seemed to serve us well for so long. We enjoyed the car hops at the A&W. We made out in the front -- and the back -- seat. We watched movies on large outdoor screens, went to the races at NASCAR tracks across the country, and saw the Pacific Ocean for the first time through the window down Hwy. 1. And now it's over. It's a new day and a new century. The President -- and the UAW -- must seize this moment and create a big batch of lemonade from this very sour and sad lemon.

Yesterday, the last surviving person from the Titanic disaster passed away. She escaped certain death that night and went on to live another 97 years.

So can we survive our own Titanic in all the Flint Michigans of this country. 60% of GM is ours. I think we can do a better job.

Yours,

Michael Moore


source : MichaelMoore.com : Goodbye, GM ...by Michael Moore

Last edited by ac 427 : 2nd June 2009 at 16:21. Reason: Formatting
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Old 3rd June 2009, 11:00   #195
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GM India is facing difficulty raising funds for it's Talegaon plant - The Hindu Business Line : GM India stutters to find funds for Talegaon engine plant
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