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Economics The economy, taxes, Federal Reserve, Central Banks, inflation, interest rates, unemployment, stock markets, currency, GDP, NAFTA, IMF, WTO, GATT, etc.

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  #21  
Old Jun 13th 2009, 12:22 PM
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Michael Michael is offline
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Default Re: How's Your Economy Doing?

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Originally Posted by Americano View Post
North American automakers have been stuck in the '50s with a lot of their thinking. Unfortunately, a large percentage of the population followed what they stated as the gospel truth, including bus-sized vehicles being required for personal transportation. Until that general public learns cheap gasoline is not a birthright, some destructive post-ww2 government policy decisions such as urban sprawl are coming home to roost and for the working class cars are utilitarian mechanical devices, GM won't change. It should have been liquidated after its stupendous failure.
Yes, but bankruptcy offers a chance to break the dealer-franchise network and to clean-house of all the 'old boys' who drove it into the ground. If they can do that, then its possible they may recover. The Chevy Volt is a pretty damn good product (for example). GM/Chryler have some pretty damn good physical plant-resources lying around. Smart management can make it work.

But most of all, the problems at GM/Chrysler and to a lesser extent Ford, is the mentality-culture of executive management has been so bad for so long and this is the hardest to fix. Even clearing the top level guys won't do it because the whole second and third tier of executive management was trained and promoted under the old managers so they are followers of the same culture.
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  #22  
Old Jun 13th 2009, 12:43 PM
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Americano Americano is offline
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Default Re: How's Your Economy Doing?

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Originally Posted by Michael View Post
Yes, but bankruptcy offers a chance to break the dealer-franchise network and to clean-house of all the 'old boys' who drove it into the ground. If they can do that, then its possible they may recover. The Chevy Volt is a pretty damn good product (for example). GM/Chryler have some pretty damn good physical plant-resources lying around. Smart management can make it work.

But most of all, the problems at GM/Chrysler and to a lesser extent Ford, is the mentality-culture of executive management has been so bad for so long and this is the hardest to fix. Even clearing the top level guys won't do it because the whole second and third tier of executive management was trained and promoted under the old managers so they are followers of the same culture.
Agreed, and that mentality is all the way down to the production floor with the union still calling the shots. With liquidation blood in the halls could have been achieved to scour that mentality from the corporate culture. The 'solution' looks like yet another Amtrak or postal service.
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