GM quality

[ff500]

I was going out to buy a new 2500 HD today for my business, screw it! With all this UAW bashing I'm gonna buy a Toyota Tundra. After all it is the most American made truck.

 

[Stroszek]

This is the result of BOTH poor workmanship AND poor manufacturing processes.

Simple quality control/error-proofing methods would have uncovered the issue immediately. "Kitting" of parts, accounting for "leftover" parts, or surplus of inventory would have revealed a problem long before now.

 

[Jroc]

You do realize that all the Big 3 got money right? Or are you just playing the dumb card like all the others who say this about GM?

Its missing 1 brake pad. Blame the union workers on that one.

This is a dumb post. Ford did not accept government bailout money even after it was offered to them. Period. Ford took out loans to stay afloat.

Do you understand the different? A loan is money you borrow that you are required to pay back in X amount of time, and typically with X amount of interest added to it. The same thing as taking out a loan for a car or a mortgage or whatever. It's something you are paying back.

A Government Bailout is where the government says "hey you're not doing so good so we're just going to give you money that we collect from the US tax payers, and you are not required to pay it back." It's kind of like welfare. Both Chrysler and GM in particular took hundreds of billions of dollars each to stay afloat. To better let that sink in "they took hundreds of billions of dollars." Typically when a business runs out of money they go bankrupt and close down. How many other businesses closed their doors during that time that the government didn't bailout?

Do you think that people saying "Government Motors" is just some corny joke with no legit meaning to it? GM took so much bailout money from the government that the government pretty much owned them and may still. Do you not realize that the government gave GM so much money to the point of where the US President was able to fire the CEO of likely the largest privately owned business on the planet? That's Socialism at it's finest, and do any of you think that's not what Obama wanted? He wanted them to take all those bailouts if you ask me.

The real point is that GM doesn't deserve to be put on the same plateau as Ford for how they handled the events of 08/09, or maybe it would be better to say Ford doesn't deserve to have their name drug threw the mud by people trying to place them on the same level as GM for the 08/09 events.

 

[BRNG ITT]

This is a dumb post. Ford did not accept government bailout money even after it was offered to them. Period. Ford took out loans to stay afloat.

Do you understand the different? A loan is money you borrow that you are required to pay back in X amount of time, and typically with X amount of interest added to it. The same thing as taking out a loan for a car or a mortgage or whatever. It's something you are paying back.

A Government Bailout is where the government says "hey you're not doing so good so we're just going to give you money that we collect from the US tax payers, and you are not required to pay it back." It's kind of like welfare. Both Chrysler and GM in particular took hundreds of billion each to stay a float. To better let that sink in "they took hundred of billions of dollars." Typically when a business runs out of money they go bankrupt and close down. How many other business closed their doors during that time that the government didn't bailout?

Do you think people say Government Motors is just some corny joke with no legit meaning to it? GM took so much bailout money from the government that the government pretty much owned them and may still. Do you not realize that the government gave GM so much money to the point of where the US President was able to fire the CEO of likely the largest privately own business on the planet? That's Socialism at it's finest, and you any of you think that's not what Obama wanted? He wanted them to take all those bailouts if you ask me.

The real point is that GM doesn't deserve to be put on the same plateau as Ford for how they handled the evens of 08/09, or maybe it would be better to say Ford doesn't deserve to have their name drug threw the mud by people trying to place them on the same level as GM for the 08/09 events.

Thanks for posting this. I tried to do th same, but my iPhone safari kept closing on me and I just gave up.

Here's a decent write-up about th CFPP (the loans that Ford CREDIT took out.):

Did Ford take 'secret government money' while earning praise for avoiding bailout? | MLive.com

 

[wildwill532]

right on

Sent from my SAMSUNG-SGH-I777 using Tapatalk

 

[WireEater]

Not surprising from the company that stuffed crushed beer cans in the door panels... :lol:

 

[SVTPete83]

This is a dumb post. Ford did not accept government bailout money even after it was offered to them. Period. Ford took out loans to stay afloat.

Do you understand the different? A loan is money you borrow that you are required to pay back in X amount of time, and typically with X amount of interest added to it. The same thing as taking out a loan for a car or a mortgage or whatever. It's something you are paying back.

A Government Bailout is where the government says "hey you're not doing so good so we're just going to give you money that we collect from the US tax payers, and you are not required to pay it back." It's kind of like welfare. Both Chrysler and GM in particular took hundreds of billions of dollars each to stay afloat. To better let that sink in "they took hundreds of billions of dollars." Typically when a business runs out of money they go bankrupt and close down. How many other businesses closed their doors during that time that the government didn't bailout?

Do you think that people saying "Government Motors" is just some corny joke with no legit meaning to it? GM took so much bailout money from the government that the government pretty much owned them and may still. Do you not realize that the government gave GM so much money to the point of where the US President was able to fire the CEO of likely the largest privately owned business on the planet? That's Socialism at it's finest, and do any of you think that's not what Obama wanted? He wanted them to take all those bailouts if you ask me.

The real point is that GM doesn't deserve to be put on the same plateau as Ford for how they handled the events of 08/09, or maybe it would be better to say Ford doesn't deserve to have their name drug threw the mud by people trying to place them on the same level as GM for the 08/09 events.

Well said!

 

[jas11151990]

This is a dumb post. Ford did not accept government bailout money even after it was offered to them. Period. Ford took out loans to stay afloat.

Do you understand the different? A loan is money you borrow that you are required to pay back in X amount of time, and typically with X amount of interest added to it. The same thing as taking out a loan for a car or a mortgage or whatever. It's something you are paying back.

A Government Bailout is where the government says "hey you're not doing so good so we're just going to give you money that we collect from the US tax payers, and you are not required to pay it back." It's kind of like welfare. Both Chrysler and GM in particular took hundreds of billions of dollars each to stay afloat. To better let that sink in "they took hundreds of billions of dollars." Typically when a business runs out of money they go bankrupt and close down. How many other businesses closed their doors during that time that the government didn't bailout?

Do you think that people saying "Government Motors" is just some corny joke with no legit meaning to it? GM took so much bailout money from the government that the government pretty much owned them and may still. Do you not realize that the government gave GM so much money to the point of where the US President was able to fire the CEO of likely the largest privately owned business on the planet? That's Socialism at it's finest, and do any of you think that's not what Obama wanted? He wanted them to take all those bailouts if you ask me.

The real point is that GM doesn't deserve to be put on the same plateau as Ford for how they handled the events of 08/09, or maybe it would be better to say Ford doesn't deserve to have their name drug threw the mud by people trying to place them on the same level as GM for the 08/09 events.

Very well said

 

[Way2QWK]

Shouldn't be a big deal if the dealership technicians actually do the pre-delivery inspection. As a former Gm tech, I watched so many co-workers just put a dealer plate on the car and flag for their inspection without even looking at the car.

 

[Sinister04L]

This is a dumb post. Ford did not accept government bailout money even after it was offered to them. Period. Ford took out loans to stay afloat.

Do you understand the different? A loan is money you borrow that you are required to pay back in X amount of time, and typically with X amount of interest added to it. The same thing as taking out a loan for a car or a mortgage or whatever. It's something you are paying back.

A Government Bailout is where the government says "hey you're not doing so good so we're just going to give you money that we collect from the US tax payers, and you are not required to pay it back." It's kind of like welfare.

The bailout GM received does have to be paid back, with interest. It wasn't a gift.

Both Chrysler and GM in particular took hundreds of billions of dollars each to stay afloat. To better let that sink in "they took hundreds of billions of dollars." Typically when a business runs out of money they go bankrupt and close down. How many other businesses closed their doors during that time that the government didn't bailout?

GM didn't take "hundreds of billions" of dollars, they took 49.5 billion. A tremendous amount but hardly hundreds of billions. Do you have any idea how many more businesses would've closed their doors had GM not been able to stay afloat? You can add Ford to that list because once all the auto suppliers went under Ford would no longer be able to operate.

The real point is that GM doesn't deserve to be put on the same plateau as Ford for how they handled the events of 08/09, or maybe it would be better to say Ford doesn't deserve to have their name drug threw the mud by people trying to place them on the same level as GM for the 08/09 events.

Ford without a doubt handled the situation better by securing lines of credit from banks before the credit market dried up. They were only doing marginally better fiinancially but they at least had the foresight to see the handwriting on the wall.

 

[SVT F15O]

Anyone that buys one of those little shitboxes doesn't deserve to have anything stop their forward movement other than a brick wall anyway.

I think they got it right the first time. :shrug:

Nice words coming from an officer of the law. :nonono:

 

[Jroc]

The bailout GM received does have to be paid back, with interest. It wasn't a gift.

If that's true then it would greatly benefit their image to publicize this, and show what they are paying back, or state their plans, or something as I've heard nothing about it.

GM didn't take "hundreds of billions" of dollars, they took 49.5 billion. A tremendous amount but hardly hundreds of billions. Do you have any idea how many more businesses would've closed their doors had GM not been able to stay afloat? You can add Ford to that list because once all the auto suppliers went under Ford would no longer be able to operate.

I seem to remember them taking 50/52 billion dollar loans like every 2 weeks for about a 2.5/3 month period. It was always about a 50 billion dollar loan with GM and they took quite a few as I recollect.

Ford without a doubt handled the situation better by securing lines of credit from banks before the credit market dried up. They were only doing marginally better fiinancially but they at least had the foresight to see the handwriting on the wall.

Ford was better setup to handle taking big loses at the time. They had been taking quarterly loses of billions of dollars for a few years prior to the recession hitting and they had set themselves up to where they could survive these big loses, and then when the economy went bad and everyone started taking huge loses Ford was better able to deal with it then others were.

 

[ff500]

Ending up buying a brand new 11 silverado extended cab lt z71 4x4 for $27,035. last night. I feel that was a great price. It has the 5.3 flex fuel with active fuel management and a 6 speed auto. Looked at Fords but couldn't get anything near this price with similiar options.

Now I need to save up for new GT500 in 2013 or 2014.

 

[Sinister04L]

If that's true then it would greatly benefit their image to publicize this, and show what they are paying back, or state their plans, or something as I've heard nothing about it.

They stupidly tried to say they paid back the loans with interest when in reality they basically transferred the debt to a different account funded by taxpayer dollars. What it means is they plan to repay everything back once they sell their stock back. Hopefully that'll come to pass.

I seem to remember them taking 50/52 billion dollar loans like every 2 weeks for about a 2.5/3 month period. It was always about a 50 billion dollar loan with GM and they took quite a few as I recollect.

Their initial loan was around 9 billion. They later added to it until it totaled 49.5 billion.

Ford was better setup to handle taking big loses at the time. They had been taking quarterly loses of billions of dollars for a few years prior to the recession hitting and they had set themselves up to where they could survive these big loses, and then when the economy went bad and everyone started taking huge loses Ford was better able to deal with it then others were.

Right, and they did that by securing around $30B in lines of credit. They also asked congress for a $9B line of credit just in case their sales weren't strong enough or if GM did go under and took the suppliers down with them. They were in a much better spot that's for sure.

 

[88blackgt]

What it means is they plan to repay everything back once they sell their stock back. Hopefully that'll come to pass.

This has me confused please elaborate.

Also for the tax payers to break even on the deal, they need to get about $50 a share(two and a half times what its currently trading at). That would be quite a loss if it were realized today.