Thursday February 16, 2012

JAPAN NEWS AND DISCUSSION

GM exits bankruptcy; CEO vows better performance

Business Jul. 11, 2009 - 06:29AM JST ( 12 )

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12 Comments

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bushloverJul. 11, 2009 - 08:07AM JST

Hint: Make better product and maybe they'll be popular.
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cow76Jul. 11, 2009 - 02:32PM JST

building cars people are eager to buy

Funny nobody came up with this idea before.
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FarmboyJul. 11, 2009 - 04:49PM JST

CEO vows better performance

Still setting the bar low, I see.
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nisegaijinJul. 11, 2009 - 09:23PM JST

what a bunch of bull. they never even tried to address the problem core: 1. Incompetent management 2. Bad financial operations 3. Unions.

As far as I know, they keep all 3... how is this going to keep company better?
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KwaabishJul. 11, 2009 - 10:45PM JST

Better performance.... can it do any worse at this point, especially getting money thrown at them from the government/taxpayers?

Well, with UAW taking some management posts, they very well may do worse...
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Klein2Jul. 13, 2009 - 12:46AM JST

"Known for its sluggish decision-making process and bloated management ranks, GM will create a single, eight-member executive committee to speed up day-to-day decision-making, replacing two senior leadership forums"

giggle< You know, if those eight guys have salaries of several million each, I predict business as usual, period. By the time their secretaries have arranged their lunch schedules, golf dates, and private jet parking arrangements, they will have fallen asleep. The probability, despite whatever the article says, the probability that these guys "get it" is very very low.

I see nothing in the article about UAW taking management posts. Where did you get that Kwaabish?
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Klein2Jul. 13, 2009 - 12:48AM JST

Oh brother. Nothing in the post above should be grayed.
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KwaabishJul. 13, 2009 - 06:55AM JST

Klein,

You're right, the article above states nothing about the fact that the UAW now owns 17.5% of the shares of the new GM. BUt the new shareholders were discussed in past articles.
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SargeJul. 13, 2009 - 11:11PM JST

"cleansed of massive debt"

Amazing what an infusion of billions of taxpayers' dollars can do.
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sfjp330Jul. 14, 2009 - 09:42AM JST

GM will probably run out of money in 2010. U.S. Government cannot save the deeply rooted problems of GM.
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torsoahoJul. 15, 2009 - 04:27PM JST

Ahhh baloney ! yer all full of beans with no clue about what yer prattlin on about. GM has set itself up to dominate the electric car market for years to come. This bailout/bankruptcy hullabaloo is nothing more than a strategic step in that direction. Now just sit back and watch the chinese scramble as GM overtakes even more of their market (they currently hold the lead with 33%) by outdating chinas gas fueled engine industry in a matter of months. This is absolutely brilliant ! And if you haven't bought your stock in GM by now, well what the hey you waiting for ?