Gm dumbass again!


gtjoey

gtjoey

Keep Smiling - GT Owner
Mark IV Lifetime
Oct 14, 2005
3,455
Well after recieving 14 billion from "US"........the white toast GM brain trust college degree a-holes are using european engines to power the VOLT... IF IT GOES INTO PRODUCTION, SHAME AGAIN ON THE AMERICAN WHO SAPS "US" DRY!!!!! AND DOESNT CARE!
WHEN IM PRESIDENT THEY WILL ALL BE SHOT ON OPRAH!!!!!!! MADOFF,SPITZER,GM BRASS...CITI GROUP,THAIN!!!!! ALL ON OPRAH, But oh well no one cares it ,is what it ,is.....I HATE THAT SAYING.....
GTJOEY 1314 :thumbsdow
 
They are forced to import the engine because of tremendous pressure to cut costs, which includes not spending $400 million dollars constructing a new facility to build a product that you will be absolutely guaranteed to lose money on.

I don't see how this can possibly be a parallel with someone who blankly stole $50 billion in a ponzi scheme or executives that packaged hundreds of billions in derivatives nobody even read and knowingly passed them from organization to organization until they collapsed while low level employees made millions in the short term. Building things and trading paper are two different ball games.
 
DBK said:
Building things and trading paper are two different ball games.
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Dave,

You are absolutely correct.

Building things adds value, and thus creates a basis for true wealth. Trading adds no REAL value.

IMHO
 
I guess I don't understand - GM's EMD (ElectroMotive Division) has been building the generators and electric motors for the railroad industry diesel-electric locomotives since the 1930's. And GE currently is also a prime mover manufacturer. Why would they not want to use US technology?
 
Obama states he wants to keep the jobs in the US. Is it too late?
 
Jones said:
Obama states he wants to keep the jobs in the US. Is it too late?
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He said a lot of things, that doesn't make it true.
 
BlackICE said:
He said a lot of things, that doesn't make it true.
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Anyone from Illinois to proclaim his track record?

ps..(this is non-political Bony, looking at performance)
 
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Starting at post one, this thread is annoying. :(
 
Bony that flag you keep posting WONT MEAN MUCH if things dont shape up REAL SOON........SOMEONE HAS TO TAKE RESPONSIBILITY FOR SOMETHING!!! RALPHIE IS RIGHT, My neighbor still has a 1908 GM ELECTRIC CAR!!!!!!! I SAID 1908!!!!!! Im tired of the hand wringing my friends....
there all beggars with NO PRIDE AND THAT FLAG YOU KEEP POSTING IS WHAT THERE HIDING BEHIND! Well I hope we still have freedom of speech on this forum . If not this will be deleted in about 2 seconds.....
IT IS WHAT IT IS......BRO........ GTJOEY 1314:thumbs
BUYING ANOTHER GT WITH MONEY ,NOT AN EQUITY LINE OR YEN.....:thumbsup
 
just a thought .......................................

If we take Dbk's analysis:
Gm recieved 14 BILLION DOLLARS.....
Minus 400 million to make a US facillity give or take a couple of 100 millions
Where did the other 13.6 BILLION GO ? ......just a thought !!!! :bs :willy

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Joey!
If you want to see what is behind the flag, click on it and see the real boob-ah-lah.
Meanwhile, rant on....
 
BONY , TWAS BLIND BUT KNOW CAN SEE....:eek

MUA!! LOVE GTJOEY1314/0004/
 
exactly

exactly
GTNJ said:
just a thought .......................................

If we take Dbk's analysis:
Gm recieved 14 BILLION DOLLARS.....
Minus 400 million to make a US facillity give or take a couple of 100 millions
Where did the other 13.6 BILLION GO ? ......just a thought !!!! :bs :willy

View attachment 8564


I had that same thought.:confused And in the case of "Hybrids" couldn't they have used the old GEO Metro 3 or 4cyl. Old school, cheap to operate and maintain and just enough power when combined with electirc or when you fully run out of juice. Oh you say, not a GM engine.....true (Suzuki I believe) , but they were or are affiliated so I'm sure it COULD be produced here without a complete redesign therefore saving major bucks.:thumbsup




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GTNJ said:
just a thought .......................................

If we take Dbk's analysis:
Gm recieved 14 BILLION DOLLARS.....
Minus 400 million to make a US facillity give or take a couple of 100 millions
Where did the other 13.6 BILLION GO ? ......just a thought !!!! :bs :willy
Click to expand...

Seriously? Are you guys serious? What on earth could any of this possibly have to do with President Obama? These loans were stamped out before George Bush left office. Trying in any way to tie anything going on with them now to Obama is patently ridiculous. This coming from someone who intentionally put himself on a plane to miss the election results and then went on a 12 hour drive to avoid any and all inauguration news.

As for where the rest of the money went, this is a manufacturing firm. The only way anyone survives in the auto industry is by paying for their supplies on terms. They don't break out exactly how much they pay who, but if Chrysler made an immediate $4 billion dollar payment to their suppliers for Q4 supply inventory, it's safe to say GM spent at least $6-7 billion on supplier payments immediately.

GM has 250,000+ full-time employees. They have to deal with the operating costs of dozens of high-tech, capital intensive facilities. They pay for the supplies and personnel to produce tangible products that create nearly $200 billion in revenue a year. This ins't Microsoft where you spend a few billion developing something and then press it on one-cent CD's. It takes billions to develop, then further billions to build. Without sufficient revenues, you can't just say "plants closed kids" and not eat billions.

Can you rationally look at a situation in which vehicle sales have plunged to a level last seen 30 years ago when the population was roughly 75 million fewer and think that the money is just floating into space?
 
p.s, this whole thread is disingenuous anyways, because GM is not planning on building the Volt engine long-term out of the country.

The company announced earlier this month production of the engines would begin in Austria and move to Flint once a line is complete.
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As soon as they have a line that can support building an engine they already produce they'll just move it here. If the economy turns it'll happen sooner, if not, it'll happen later.
 
TO ALL OF YOU ... DID YOU SEE WHAT WAS UNDER BONY'S FLAG?:eek

IM DONE AND LOVE ALL OF YOU.......MUA!!!, THANKS BONY:thumbsup

GTJOEY 1314 WE NEED MORE AMERICAN FLAGS LIKE THAT!
 
Great insight. The reason why I post the questions.
 
gtjoey said:
TO ALL OF YOU ... DID YOU SEE WHAT WAS UNDER BONY'S FLAG?:eek

IM DONE AND LOVE ALL OF YOU.......MUA!!!, THANKS BONY:thumbsup

GTJOEY 1314 WE NEED MORE AMERICAN FLAGS LIKE THAT!
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Like Old Glory, something that I never get tired of:lol:banana:rofl
 
:eek :thumbsup gtjoey 1314
 
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