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Old 23rd November 2005, 17:02   #16
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So bye bye GM and welcome the new king Toyota. I can see GM go down in the years to come.
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Old 23rd November 2005, 18:10   #17
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Quote:
Originally Posted by GTO
Buttttttttttttttt There is no chance that the company will ever go under. See, every country has its own "infrastructural" organisations such as the postal service, airlines, railways etc. Governments will never allow these to shut down.

Similarly, the White House will do everything it can to prevent its largest auto manufacturer from going under. Loan guarantees, tax concessions, R&D rebates...you name it. How do you think all the american airlines are still flying?

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Correct - if you want a case study, check out the Unit Trust of India which should have died a natural death not too long ago. Or check out the EPF Trust, which is on continuous life support.
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Old 23rd November 2005, 19:04   #18
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Default 20 years ago

GM. Long Live the King.

That iwas what everybody said when Toyota took over their Fremont part.

The Giant is still there.
Let me get into a different mood and write my piece later.

But the writing is clear.

Welcome the new King

Toyota.
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Old 26th January 2006, 20:34   #19
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Default GM quarterly loss zooms

GM's fourth quarter net loss zoomed to $4.8 Billion! GM's full year loss stands at $8.6 Billion.
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Old 26th January 2006, 22:26   #20
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its crazi..but they surely need designers working on the corvette and some from cady to be working on all their cars, while keeping the costs down..
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Old 27th January 2006, 01:37   #21
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Well I guess, GM's reign is coming to an end. Well it should be no suprise to all of us, as they have been beaten by the better Japanese manufacturers. However, GM india is expanding and is set to employ more people. Guess this will become the general trend int he world, where the major manufacturers will increase their presence in developing countries, simply due to the lower operational costs which allows them to offer competitive prices for their products
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Old 27th January 2006, 05:24   #22
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Well, it is not just GM. Ford is closing down a plant plus 12000 job cuts. Chrysler is cutting down 6000 administrative jobs. But it may have all started with the "employee discount" program that GM started. For folks that haven't heard about this program, a few months back GM started to offer employee discounts to anyone (not just their employees) buying their automobiles in order to jack up sales. Ford and Chrysler followed suit with similar discounts. I think the heavy discounts might have cut into their profits.
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Old 27th January 2006, 07:00   #23
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real bad news for GM's workers in north america....auto manufacturers have a large interests in GM plants based in south Ontario and have been left to ponder what does future hold for them..this news has gripped North america like fire frenzy and shows no sign of stopping...crippled on ..buried under are some of the expression coming to my mind but i dont see GM surviving this damage ....mounting lossed meant closing down of strategically effecient plants which have produced great goods for GM over the past...GM struggle to provide right cars and overlapping of operations has resulted in to huge debts ...future looks blip GM i suppose will continue pulling the shutters down bt acquire some cheaper units to manufature cars ...a giant has fallen hard...
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Old 27th January 2006, 07:05   #24
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yh amit unions would have to play dirty business now...not much appreciated by superiors bt have no other option..this was on the cards for a long time with GM...was only a matter of time before strings were to be pulled...job cuts has met with agitations n dissapointments GM is largely being held responsible for wrongdoings and they are humble to accept that...while elsewhere GM continues to pull some things off in terms of business their crucial ground had led them down again..
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Old 27th January 2006, 07:24   #25
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hey guys more debate more discussions on GM's woes are right here...a good

read for all concerned..


http://www.cato.org/pub_display.php?pub_id=5218
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Old 10th February 2006, 03:58   #26
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Default GM is sinking

It keeps getting grim for GM. This CNN article says that it's only a matter of time before GM goes bankcrupt.

The very next day GM announced more measures as part of it's turnaround plan. These new measures include cutting dividends and paychecks for it's chairman and senior executives. Rick Wagoner takes a big cut in his pay check too. (The Toronto Star)
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Old 11th February 2006, 03:01   #27
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Default A tale of 2 car makers

International Herald Tribune has a nice report called Fiat's rise, GM's fall.
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Old 26th March 2012, 12:03   #28
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Default re: November 2005 : GM to close 12 plants and cut 30,000 jobs!

"GM may expand production capacity in low-cost countries while closing its Bochum plant in Germany and Ellesmere Port site in the United Kingdom"

If vehicle sales rise, GM would build the additional cars in countries such as Poland, Russia, China, India, Mexico and Brazil, Der Spiegel said on Sunday, quoting the document, entitled "Global Assembly Footprint.

As output increases, GM plans to assemble 80 percent of the additional units in low-cost countries."


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Old 26th March 2012, 13:24   #29
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Default re: November 2005 : GM to close 12 plants and cut 30,000 jobs!

Quote:
Originally Posted by volkman10 View Post
"GM may expand production capacity in low-cost countries while closing its Bochum plant in Germany and Ellesmere Port site in the United Kingdom"

If vehicle sales rise, GM would build the additional cars in countries such as Poland, Russia, China, India, Mexico and Brazil, Der Spiegel said on Sunday, quoting the document, entitled "Global Assembly Footprint.

As output increases, GM plans to assemble 80 percent of the additional units in low-cost countries."


I guess this has been obvious and inevitable to most outsiders for close to the past decade. I am jus surprised it took the GM top brass so long to see this inevitable truth and work on it. I guess there is the issue of being an American company and hence saving American jobs especially with recessions happening but this is a good sign for GM and ultimately the American government as they don't need to keep subsidizing a white elephant. GM may even become profitable operating from low cost plant locations
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Old 27th March 2012, 06:05   #30
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Default re: November 2005 : GM to close 12 plants and cut 30,000 jobs!

wayyyyy to revive a 7 year old thread !
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