View Full Version : General Motors Reports $1.1B Loss in 1Q

04-19-2005, 08:23 AM
<A HREF="http://www.cbsnews.com/stories/2005/04/19/ap/business/mainD89IH33G1.shtml" TARGET="_blank">General Motors Reports $1.1B Loss in 1Q</A>

04-19-2005, 11:17 AM
hihihihi..<br>first MG rover .. now GM :P<br>just kidding..<br>

04-19-2005, 01:26 PM
So I see people have finally realized that GM makes horrible cars. That explains why every time I get the Chevy serviced everyone runs away from me.<p>

04-19-2005, 07:28 PM
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD><i>Quote, originally posted by <b>Flagship GT</b> &raquo;</i></TD></TR><TR><TD CLASS="quote">So I see people have finally realized that GM makes horrible cars. That explains why every time I get the Chevy serviced everyone runs away from me.<p></TD></TR></TABLE><p>You get what you pay for...

04-20-2005, 12:47 AM
Normally i would laugh.......BUT<p>ar what the hell, hahahahahahahahaha<p>But in seriousness, wats the go with all this healthcare costs things???

04-20-2005, 04:10 AM
I agree with you. Only rebadging cars doesnt work at all? Theyre killing all their brands<p>Oldsmovil let die but Saturn keep alive <IMG NAME="icon" SRC="http://www.germancarfans.com/images/forums/nixweiss.gif" BORDER="0"> <p>Saab become Subaru<p>and...

04-20-2005, 05:07 AM
In a related story, well sort of, Ford profit falls...<p><A HREF="http://www.thestreet.com/_googlen/stocks/automakers/10218539.html?cm_ven=GOOGLEN&cm_cat=FREE&cm_ite=NA" TARGET="_blank">http://www.thestreet.com/_goog...te=NA</A>

04-20-2005, 05:34 AM
GM will need to kill model lines and consolidate dealers.

04-20-2005, 07:35 AM
That's a problems, since GM doesn't own dealerships, it's particularly difficult to consolidate multiple brands onto few dealerships. sure you might end up with mega dealerships selling the few remaining brands, but what happens to the other independent dealers accross town who sell the same products? just see the trouble GM had when it killed oldsmobile.

04-20-2005, 10:42 AM
They're in such a tough position. Some analysts say shrink and consolidate. Cut one or two brands, shrink the work force, close some plants, and become a smaller, healthier company. It would seem to make sense, since then they could use their money to build 2 or 3 midsize sedans, for example, instead of spreading that same amount of money trying to build 6 or 7 misdsize sedans for all their brands. <p>Then again, some say they can't shrink because they need a huge constant cash flow to pay all their obligations to the UAW, whether they're laid off or not, and to pay their healthcare obligations, to current members, their retirees, and all their dependents. <p>It's easy to be an armchair CEO, but it seems they're screwed if they do and screwed if they don't.

04-20-2005, 11:59 AM
Ironically GM has precisely done that in South America consolidating most of their brands, including Japanese Isuzu & Suzuki and selling everything as Chevrolet.<p>I feel that they should bite the bullet now and do the adjustment!

04-20-2005, 01:16 PM
Though they probably don't have 50 factories in South America that they can't close, or thousands of workers that even if they lay them off they still have to keep paying most of they wages. <p>The dilema for GM is to find the balance, that very elussive fine edge. They have fixed costs that will not go away, money they have to pay every year no matter what. By selling cars, even with huge incentives, they generate income, cash they desperately need to make payments on their obligations. Shrinking the company reduces that ability. I don't know what the answer is, though.

04-21-2005, 07:35 AM
There seems to be no answer the UWA have GM by the balls.. As has been pointed out even to close a factories they have to pay full wages and full healthcare till they day they die...<br>(no disrespect to any GM worker or their family intended)<p>GM'S comeback plan seems to be Aggressive product launch, intensive marketing, and very little else..come on guys get the finger out can no one deal with this Union? have they got the domestic US auto industry so wrapped up that the are completely strangled,<p>It seems to me from a European perspective, is that they are an old industry and an older workforce etc,..but when the Asians have been coming out with 16v engines , better quality plastics in their interiors, 5speed automatics for the best part of 2 decades (with engines anyway) and GM still plods around with crappy interior execution and old ohv engines, <br>Basically old technology and no style other than a caddy ctv..their cars are boring..the same has happened in Europe with opel/Vauxhall, they dropped the ball on style and niche cars.& quality And lost huge market share..<br>They (GME) are rebuiling now with the new astra, and forthcoming product, they are injecting quality to their interiors and style and functionality to their products..<br>It is always the same ols story a fab concept is shown and promised to be put into production, but what ends up being produced is a bland watered down version of the car. but in fairness to GM and others its very hard to win if they produce the radical looking car when at that time the best selling cars are bland toyotas or hondas )im not taking anything away from those cars.)<BR><BR>
<i>Modified by summersun54 at 3:42 AM 4/22/2005</i>