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Is It Bad For Bmw If Gm goes Out Of Business
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03-31-2009, 01:23 PM | #23 | |
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If it doesn't happen now, we're all going to be bailing them out for years to come.
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03-31-2009, 01:24 PM | #24 | |
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Let's keep it in perspective. I only wish we had universal healthcare so, say, GM and Ford and Google and the local bookstore could focus on their core business instead of paying for health insurance.
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03-31-2009, 01:24 PM | #25 |
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I do understand what you are saying. But in essence keeping them working, building things that nobody wants seems a bit odd don't you think? I mean let's just pay them and not have them do anything (not being sarcastic). Really, why would you run a factory that consumes earth's resources to build giant metal objects on 4 wheels that sit on dealer parking lots.
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03-31-2009, 01:28 PM | #26 |
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GM's not going to "go away" completely. They just need to get smaller and more focused. If anything, this will make them more competitive. Think of the money they could put into R&D, quality control, and product development if they didn't have the huge debtload and employment issues they have now.
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03-31-2009, 01:34 PM | #27 |
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Other than the obvious PR aspects, Chapter 11 is the best thing GM could do. It seems that they'll try to avoid it or they would have already done it -- but a restructure under the shelter of the b/r laws is IMO a very good thing. The problem is that it would send such a negative signal that purely through market panic, it could dramatically negatively impact other markets.
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03-31-2009, 02:04 PM | #28 | |
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How the German economy works has NOTHING to do with the discussion. As for the original discussion, new car sales are only a portion of the business that GM does. There are still millions of GM products on the road that are going to continue to need replacement parts. The sub contractors that are smart will find alternate markets with other car makers for their parts. Those who can't adapt will die and that is the way the system is supposed to work.
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03-31-2009, 02:07 PM | #29 |
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It's not going to happen so why worry. They will split it into two companies Cadillac, Chevy, GMC and Buick (because of China) the "good" company and Saab, Saturn, Hummer and Pontiac will be auctioned off. Gov't will guarantee warranty work, bond holders take it in the shorts and union get's what they deserve (reality) like the rest of us. Obama is not going to let the union lose all their jobs he's already working on his re-election. Worry about US bankrupcy not GM.
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03-31-2009, 09:05 PM | #30 |
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probably. there could be plenty of reasons why it would and would not.
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03-31-2009, 09:09 PM | #31 | |
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03-31-2009, 09:15 PM | #32 |
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Maybe they'll finally put a proper transmission on the 328.
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03-31-2009, 11:59 PM | #33 |
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GM sucks. We need to save them only to save some jobs, but honestly all the people who are hired by GM need to take massive pay cuts. Otherwise kill off this company.
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04-01-2009, 01:26 AM | #34 |
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If BMW merged with VW/Audi/Porsche that would be insane. Four major car companies that are technically one = not good.
Secondly, although my knowledge in economics is very limited, GM dying probably isn't a good thing. I agree with the idea of letting GM become smaller and let them try to produce cars that are fuel efficient and reliable but the company cannot die as a whole. That will surely spell "doom" for the US.
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04-01-2009, 01:39 AM | #35 | |
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04-01-2009, 01:55 AM | #36 |
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I would imagine that the majority of us here on this board that are fortunate enough to drive BMWs are not quite as affected by GM going under as say the thousands of workers that would lose their jobs if it did. So it's very easy for people to say let the free market kill GM when it has little effect on them.
Funny how this went from a "how is BMW affected if GM goes under" thread to "lets discuss the politics and economics of keeping GM alive" |
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04-01-2009, 06:12 AM | #38 | |
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As far as our economy: Capitalism when the tickers are green Socialism when the tickers are red. Hoard profits. Share losses. What a system. |
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04-01-2009, 09:15 AM | #40 | |
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There have been many companies and industries that have gone under, workers will move to new jobs and new industries. At one time before cars there were over 500 companies making bycycles -- what happened to those workers? At one time, most of the US worked for the railroads -- what happened to those workers? New England has plenty of previous ghost towns of brass, copper and textile mills -- what happened to those workers? Some of the brass mills have been turned into malls, some of the copper mills are now doing food processing and many of the textile mills are now converted to low cost office space for small businesses especially in the high-tech industries. There is currently a very high demand for people who can do CNC machining -- many of these people who are displaced could learn and already have many of the skills needed for CNC. Same goes for good auto mechanics, transmission specialists etc. Jay Leno even has a special scholarship fund for these jobs and there is a major deficit in skills in these areas as well as a high demand. People will move to other industries and jobs -- the only things that stops anyone is a) stubborness to change b) inflexibility to move. If you have a brain and a will -- nothing will stop you from getting a different job. We owe these people oppurtunity in terms of education for job retraining and yes some unemployment in the short term -- long term it is up to them. I fail to feel totally bad for many these people who where making 100K/yr as reported by the Detroit News or who sat in Job Pools making 70% of their pay doing nothing but playing poker and now many of those same people are getting 60% of their pay on unemployment. I have no empathy and sympathy for the financially stupid. Only unions believe you should be guaranteed the exact same job at the same company for life. As a country, we will all take a hit but it is necessary to flush the system and restart -- prolonging what would have occured naturally serves nobody and will make it worse for everyone. This is problem that has been buliding for years -- sucks is the timing but it was ineveitable and not a surprise. |
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04-01-2009, 09:18 AM | #41 |
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Are you feeling lonely in your little pond?
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04-01-2009, 09:40 AM | #42 |
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You really aren't hearing much from the people who voted for him anymore either.
Sure there are the people who understand and are just keeping their mouths shut, but where are all these crazy smart 18-25 y/o's and african americans that voted for Obama simply because he was the popular or black? BTW... Anyone watching the current season of Real World on MTV? It's good laughs. One of the kids was in the military and he was soooo pumped about not going to be called backto Iraq if Obama was elected and he was going to pull troops. Well Obama got elected, he got his letter to be reinstated to the army and Obama is sending even more troops over. Ain't that a bitch haha
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04-01-2009, 09:49 AM | #43 | |
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I think our biggest issue with this last election was that people didn't see through Obama's empty promises. Now, whether that's because they let personal preference get in the way, or if they were just too uneducated to see that he was full of hot air, or if they liked what some Hollywood celebs said about him.... I dunno. I'm kinda clueless. This last election turned into a high school Senior Class President Campaign (popularity contest), and it didn't help that Bush has the IQ and speaking abilities of a kindergartener. McCain got thrown under the bus by his own simply because he ran under the Republican banner, and he made thw worst running mate decision in the history of mankind. Obama voters, where is this magical "Change"? Where are the processes that will even start it? Maybe the tooth fairy, Easter Bunny, or Santa Claus will bring them? |
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04-01-2009, 09:58 AM | #44 |
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