Saturday, January 24, 2009

When You Can't Count On the Market for Success...

GM is not counting on market success for its comeback. It has neither the cash reserves nor the brilliant product line needed for that in a down economy, when sales are expected to be 40% lower than two years ago (the lowest volume since the 1973 Arab oil embargo).

GM is counting on the government to stay alive.

~"Detroit Bets Its Future on Washington" in today's WSJ by Detroit News cartoonist Henry Payne (see his latest cartoon here) and Shikha Dalmia


5 Comments:

At 1/24/2009 1:16 PM, Anonymous Anonymous said...

The Japanese automakers are now also on the skids due to the bottom falling out of the worldwide auto market. So no manufacturer can "count on the market" right now . . . Obviously, if Detroit hadn't needed the bridge loans, they wouldn't have grovelled to get them. . . . just more Detroit-bashing rhetoric.

 
At 1/24/2009 3:44 PM, Anonymous Anonymous said...

Mika,

I missed the story about the Japanese automakers relying on the government for their survival. Could you provide a link?

 
At 1/24/2009 9:20 PM, Anonymous Anonymous said...

In 1970 G.M. built 8 Million vehicles, in 2008 they built 8 Million world wide and with a lot less workers then 1970. Can someone chart this out and show me WHY G.M. is not successful.

 
At 1/24/2009 9:57 PM, Anonymous Anonymous said...

Disreguard first post I will lay it out different. The 8 million sales figure was wrong.

G.M. sales

—1992—4.4 million vehicles—265,000 UAW members
—2005—4.5 million vehicles—111,000 UAW members
—2007—4.5 million vehicles— 73,000 UAW members

 
At 1/25/2009 10:25 AM, Blogger Jason Gillman said...

t jefferson

The problem is that they are STILL paying for the workers from 1992 and earlier..

I hope this helps.

 

Post a Comment

<< Home