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SVTPerformance's Chain of Restaurants
Road Side Pub
Gm headed for bankruptcy again WTF
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<blockquote data-quote="93 347 Cobra" data-source="post: 12187766" data-attributes="member: 7047"><p>That article is clearly more political in nature and very oversimplified. The over-emphasis on the comparison between GM and VW can easily fool the uneducated but for those who actually like to read and keep up with economics it's inaccurate. The euro-zone banking crisis is a huge issue for any multi-national company that does substantial business in the EU and until Europe figures that one out any executive for any company that has facilities there won't be sleeping very well. I heard first-hand from a CEO of a multi-billion dollar multi-national corporation that the Euro zone will likely be in trouble for the next couple of years while the US economy keeps slowly plugging along (not great growth but not recession or zero growth).</p><p></p><p>I'm not saying that GM makes all around good cars, some of them suck. I drive a company Impala and just got done spending five days in a rented Malibu while on vacation and I won't defend GM. I do like the 300 hp V6 in my 2012 Impala (more hp than Taurus) but the interior is archaic and the 4-cylinder Malibu couldn't even get out of its own way. However, GM does have a few products which are much more promising and with more re-designs on the way so I think the jury is still out. Ford's organization and products are clearly superior but let's not write GM off quite yet. As much as this author worships Europe America still can put out some damn good products.</p><p></p><p>Not bailing out GM and Chrysler would have caused Ford to lose many of its suppliers and would have meant many millions of job losses across the country as the plant closures for the mfr's and their suppliers compounded. So take the recession and add many millions more in job losses and see where that would have put the economy. The bailout was worth doing and both of the last two administrations had a hand in it, not just Obama.</p></blockquote><p></p>
[QUOTE="93 347 Cobra, post: 12187766, member: 7047"] That article is clearly more political in nature and very oversimplified. The over-emphasis on the comparison between GM and VW can easily fool the uneducated but for those who actually like to read and keep up with economics it's inaccurate. The euro-zone banking crisis is a huge issue for any multi-national company that does substantial business in the EU and until Europe figures that one out any executive for any company that has facilities there won't be sleeping very well. I heard first-hand from a CEO of a multi-billion dollar multi-national corporation that the Euro zone will likely be in trouble for the next couple of years while the US economy keeps slowly plugging along (not great growth but not recession or zero growth). I'm not saying that GM makes all around good cars, some of them suck. I drive a company Impala and just got done spending five days in a rented Malibu while on vacation and I won't defend GM. I do like the 300 hp V6 in my 2012 Impala (more hp than Taurus) but the interior is archaic and the 4-cylinder Malibu couldn't even get out of its own way. However, GM does have a few products which are much more promising and with more re-designs on the way so I think the jury is still out. Ford's organization and products are clearly superior but let's not write GM off quite yet. As much as this author worships Europe America still can put out some damn good products. Not bailing out GM and Chrysler would have caused Ford to lose many of its suppliers and would have meant many millions of job losses across the country as the plant closures for the mfr's and their suppliers compounded. So take the recession and add many millions more in job losses and see where that would have put the economy. The bailout was worth doing and both of the last two administrations had a hand in it, not just Obama. [/QUOTE]
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SVTPerformance's Chain of Restaurants
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Gm headed for bankruptcy again WTF
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