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<strong>Title: </strong> <a href="/link.php?id=30165" target="_blank">GM loss tops industry record</a> (click to view)

<strong>Category:</strong> <a href="/news/topic/17-business" target="_blank">Business</a>
<strong>Posted By: </strong> <a href="/modules.php?name=Your_Account&op=userinfo&username=mtbr" target="_blank">mtbr</a>
<strong>Date: </strong> 2008-02-12 08:51:20
<strong>Canadian</strong>

   

Thats what happens when you cut them fleet car give aways!

   

I think GM is pretty much done. It was dodgy over the last 5 years or so, now I think in the next 12 months you will see them sell divisions and end as a corporate entity. Unless they merge their company they are doomed.

   

Washington will never allow GM to die. It's not GM's product line that is killing it, it is UAW contracts, pension plans and healthcare...

Too bad Ron Paul is no longer in the running for the Republicans as he was looking into reducing personal & corporate income tax and placing more taxes on imports...

US's markets are too open for imports YET those same countries are too restrictive to US exports.... It's not a level playing field...

   

Most of these" imports" as you call them are made in the US and Canada(employing 10s of thousands) , the only thing imported about them is the name plate.


GM does fine outside of North America...your theory doesn't hold water.

"GM was profitable in every region outside North America. GM's Latin America, Middle East and Africa division reported a record $1.3-billion in earnings, up 140 per cent from 2006. GM's Asia Pacific division earned $744-million, up from $403-million in 2006, while GM Europe reported a profit of $55-million, down from a profit of $357-million in 2006."


They just don't have enough product to appeal to North Americans.

   

While I do agree that the unions are largely to blame so to is their product line..
The facts are the big three waited far to long to keep up with the foriegn car manufacturors..
Makers like Toyota, Honda, are making a far superior product with better gas milage, and warranties..
The big three put their money into paying off lobbyists to delay enforcement on fuel issues
and now its come back to bite them in their collective asses.

TOO little too late for them......

I drive a jeep with probably the worst mileage lol

   

Toyota, Honda, etc may have plants in North America but the profits still go to Japan... They are Japanese corporations...They are not American or Canadian companies...

My point is - "it is much easier for Japan to sell cars or set up plants in North America then vice versa..."

The bulk of our consumer spending should profit our own industries unless you wish to surrender your sovereignty..

   

Then you have to produce a product that is superior to your competition. If the product was better
then there would be no need for imports....and I won't even go into the Canadian market subsidizing
american motorists vehicles...

   

GM sells around the world..once again


"GM was profitable in every region outside North America. GM's Latin America, Middle East and Africa division reported a record $1.3-billion in earnings, up 140 per cent from 2006. GM's Asia Pacific division earned $744-million, up from $403-million in 2006, while GM Europe reported a profit of $55-million, down from a profit of $357-million in 2006."


As a consumer who really gives a hoot where the profits go the spin off from employment is felt here.

Maybe GM should build a new version of the '57 Chevy....I'm sure it would be a big seller in North America..

   

think part of gm's problem is they have yet to really reduce prices , sure they have offered sales and reductions and gimmicks but there cars still cost alot more then some of the other cheaper ones available.

   

YES GM sells word wide... BUT GM does not sell in Japan... None of the big three have the ease of entry into the Japanese market that Japanese automakers have of entering into North America...

By buying Japanese imports you are giving GM a good reason to argue it most stop healthcare and pension programs in order to survive. If this is allowed, this type of cutting will ripple through cooperations in North America.

We must lobby against the trade protectionism of Japan and other countries that gain all too easy access to our markets...and do not allow the same easy access of our North American goods OR impose hefty tariffs on their products...

   

Buying a Toyota is not "buying a Japanese Import" ,Tell that to all those people in Cambridge. Ont.


We could just build products in North America that North Americans want to buy...Japan is not the world.


That old Buzz Hargrove argument doesn't cut it any more. Its a union lie used to harbor fear in it's members and to get voters to vote NDP,,,now Liberal

   

Oh come on, not all Toyotas are made in Cambridge Ontario. Enough with that argument. Here is his argument: Big three can't open manufacturing plants or have an easy time selling cars in Japan. This is a common fact

Now, Toyota and other Japanese car companies can EASILY purchase land , build plants and cars, and sell their cars with little government interference in North America. Another fact.

GM is building products Americans want to buy, GM has released the first SUV hybrid. GM just released the Malibu, GM is developing technologies that are almost independent of gasoline (view the Volt for this). People just are holding on to these notions that "domestic isn't quality...I'll never buy a domestic because I'm a tard" bullcrap is getting old. But, if you wanna be seen in a Camry over a Malibu, go ahead, but you have no taste in cars.

   

Selling cars in Japan will not ease the losses in North America.

   

All NA auto makers have been paying huge wages, along wiht pensions and benefits which is why we must now mortgage any new vehicles we want to buy.

They have priced themselves out of the market with high priced ineeficient vehicle that are not the best in quality but it doesnt bother me as I have nevr ever owned a GM

   

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