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  1. #1

    Default The biggest BS from Washington in a long time!!!

    A message from Rick Wagoner, the best CEO that General Motors has had in a long time.

    On Friday I was in Washington for a meeting with Administration officials. In the course of that meeting, they requested that I “step aside” as CEO of GM, and so I have.

    Fritz Henderson is an excellent choice to be the next CEO of GM. Having worked closely with Fritz for many years, I know that he is the ideal person to lead the company through the completion of our restructuring efforts. His knowledge of the global industry and the company are exceptional, and he has the intellect, energy, and support among GM’ers worldwide to succeed. I wish him well, and I stand ready to support him, and interim Non-Executive Chairman Kent Kresa, in every way possible.

    I also want to extend my sincerest thanks to everyone who supported GM and me during my time as CEO. I deeply appreciate the excellent counsel and commitment of the GM Board and the strong support of our many partners including our terrific dealers, suppliers, and community leaders. I am grateful as well to the union leaders with whom I have had the chance to work closely to implement numerous tough but necessary restructuring agreements.

    Most important of all I want to express my deepest appreciation to the extraordinary team of GM employees around the world. You have been a tremendous source of inspiration and pride to me, and I will be forever grateful for the courage and commitment you have shown as we have confronted the unprecedented challenges of the past few years. GM is a great company with a storied history. Ignore the doubters because I know it is also a company with a great future
    Just like the great depression, the credit and housing crisis have caused people to stop spending and specifically stop buying new cars. The GM product line is fantastic right now. Quality is just as good as any other car maker. Performance, fuel econ, styling, price and more have all taken fantastic improvements over the last few years. Thanks to all your hard work Rick, we appreciate it!

    Steve
    10 Chevy Traverse LT AWD
    02 Chevy Trailblazer LS (110K+ miles - loaded except for 4WD - WRECKED!)
    99 Chevy Cavalier LS (105K+ miles - commuter car)
    78 Chevy Suburban Silverado (454, 3/4 ton)
    62 GMC 3/4 ton Pickup (350 police interceptor)

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  2. #2

    Default

    Steve,

    Looks like Washington needed a Fall Guy.
    Jim

    2004 SILVERADO 2500HD LS
    Pro Comp Leveling Kit
    285-75-16 Cooper ST All Terrains
    Pro Comp Programmer
    Bilstein Shocks
    Linux Bed Liner
    Tinted Windows



    Other rides:

    1967 Landcruiser <350 Chevy>
    1970 Camaro
    1990 Geo Metro Convertible
    2007 FJ Cruiser

  3. #3

    Default

    Seriously though, that's some gaul for Washington to interfere with the internal management of a business that otherwise is just a little cash strapped. Granted, they are the largest business in the world, they're in their own category, but Fritz Henderson is the new acting CEO and everyone says that he's a lifetime GMer, is he the guy to lead GM to the next 100 years?

    Steve
    10 Chevy Traverse LT AWD
    02 Chevy Trailblazer LS (110K+ miles - loaded except for 4WD - WRECKED!)
    99 Chevy Cavalier LS (105K+ miles - commuter car)
    78 Chevy Suburban Silverado (454, 3/4 ton)
    62 GMC 3/4 ton Pickup (350 police interceptor)

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  4. #4
    Legend bry2500's Avatar
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    Default

    Ok let's get this straight.

    1) Wall street crashes because of bad mortgages.
    2) Oil prices soar because of foreign investors playing with a weak dollar.
    3) people lose homes and jobs so they stop spending.

    This is Rick Wagoner's fault so let's get him to step down. Who was doing the thinking on Friday? Obviously not someone intelligent.

    Meanwhile AIG is shelling out millions in bonuses, with our money, and their CEO stepped down himself. He wasn't asked by the government. OH yeah and only half of those bonuses will be returned.

    WAY TO GO WASHINGTON!!!!!!!!!
    BRYAN

    "IF YOU DON'T TREAT IT LIKE A TRUCK IT'S JUST A REALLY BIG CAR"

    02' Avalanche 2500 Onyx Black
    8.1L Vortec
    43,000 miles

  5. #5

    Default

    You're exactly right. I think GM shouldn't have focused so narrowly on the truck market for so many years, but that wasn't ricks fault. I don't see why he has to step down, other than the usual political BS that comes from Obama... I mean, Washington.


    2007 Chevrolet Silverado Classic 4x4
    - 17" Avalanche Wheels
    - 2 10" Premier Comp Subs/custom Subthump box
    - Some scrapes, scratches, dents, creases, and bends!

  6. #6

    Default

    I hear this argument all the time. "GM's not making vehicles that people want to buy..." Well, the #1 selling vehicle in the country last year was the Chevy Silverado/GMC Sierra combo. Hmm, sure doesn't sound like people wanted to buy them.


    The Top 10 Best-Selling Cars of 2008
    • Chevy Silverado: 465,065 (plus 168,544 GMC Sierra - 633,609 total)
    • Ford F-Series: 515,513
    • Toyota Camry: 436,617
    • Honda Accord: 372,789
    • Toyota Corolla: 351,007
    • Honda Civic: 339,289
    • Nissan Altima: 269,668
    • Chevy Impala: 265,840
    • Dodge Ram: 245,840
    • Honda CR-V: 197,279

    Steve
    10 Chevy Traverse LT AWD
    02 Chevy Trailblazer LS (110K+ miles - loaded except for 4WD - WRECKED!)
    99 Chevy Cavalier LS (105K+ miles - commuter car)
    78 Chevy Suburban Silverado (454, 3/4 ton)
    62 GMC 3/4 ton Pickup (350 police interceptor)

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  7. #7

    Default

    ya you're definitely right about the truck not being the whole problem. I'm referring to the fact that the chicken tax which was instituted in the 1960s did nothing but give them a reason to put all of their marketing dollars towards the trucks. $5k per truck is a lot of extra money to make... of course selling more trucks was the quickest way to make the most money. As far as the numbers that show how many trucks are selling there's more than one reason for that. Marketing and advertising have a lot to do with it too... if there's 2000 truck commercials a day what do you think people are going to end up buying? just a thought. Not trying to bash gm, I just don't let my bias of loving my trucks get in the way of a fair analysis


    2007 Chevrolet Silverado Classic 4x4
    - 17" Avalanche Wheels
    - 2 10" Premier Comp Subs/custom Subthump box
    - Some scrapes, scratches, dents, creases, and bends!

  8. #8
    Sr. Apprentice
    Join Date
    Dec 2008
    Location
    Findlay,Ohio
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    47

    Default

    Ok yes lets get it straight. Years ago the government,big oil,and the automakers who were all in bed together decided they could get rich. They decided what kind of gas mileage they would give the americans and passed a law to seal that deal. All the time they were doing this they were also buying up the patents for more fuel efficient carbs and different types of engines and hiding the technology from the public because they had too much money invested in big oil. Then gas went to 4 bucks a gallon, foreign car makers were building cars to get better gas mileage, americans quit buying american made vehichles,thus putting americans out of work and creating a credit crisis when they lost there jobs. Are you starting to see how the snowball effect worked. THE BOTTOM LINE IS THIS,WE HAVE THE TECHNOLOGY AND NEED TO USE IT. UNTIL WE RETOOL FOR A MORE EFFICIENT VEHICHLE, WHATEVER THAT MAY BE, AND PUT PEOPLE BACK TO WORK PRODUCING IT, WE WILL CONTINUE TO BE THE OLD PART OF THE VINE THAT DIES OFF. Put people back to work, and the credit crisis will fix itself. If we come up with a different source of energy to fuel our cars, we can spur an industrial revolution in this country that we haven`t seen since Edison invented the light bulb. And put everyone back to work, From one union buy god millwright

  9. #9

    Default

    Well, no one has been able to show me how the automakers and the oil industry have been working together to build each other up at the expense of the general public, that seems more like emotional class warfare argumentation to me. I mean, GM lost $40 billion last year and Exxon made $40 billion. I doubt if they got together and said, "Hey, let's break even!" GM lost money becuase fuel was high and Exxon made money becuase fuel was high.

    Steve
    10 Chevy Traverse LT AWD
    02 Chevy Trailblazer LS (110K+ miles - loaded except for 4WD - WRECKED!)
    99 Chevy Cavalier LS (105K+ miles - commuter car)
    78 Chevy Suburban Silverado (454, 3/4 ton)
    62 GMC 3/4 ton Pickup (350 police interceptor)

    Remember: Search Before Posting | Fill out Your Profile & Signature
    Follow Us Please: facebook.com/gmtruckclub | twitter.com/gmtruckclub
    Support GMTC: Help the site, contribute today

  10. #10
    Legend
    TrailLeadr's Avatar
    Join Date
    Jun 2005
    Location
    Coventry, Rhode Island
    Posts
    3,103

    Default

    Quote Originally Posted by jim1958 View Post
    Ok yes lets get it straight. Years ago the government,big oil,and the automakers who were all in bed together decided they could get rich. They decided what kind of gas mileage they would give the americans and passed a law to seal that deal. All the time they were doing this they were also buying up the patents for more fuel efficient carbs and different types of engines and hiding the technology from the public because they had too much money invested in big oil. Then gas went to 4 bucks a gallon, foreign car makers were building cars to get better gas mileage, americans quit buying american made vehichles,thus putting americans out of work and creating a credit crisis when they lost there jobs. Are you starting to see how the snowball effect worked. THE BOTTOM LINE IS THIS,WE HAVE THE TECHNOLOGY AND NEED TO USE IT. UNTIL WE RETOOL FOR A MORE EFFICIENT VEHICHLE, WHATEVER THAT MAY BE, AND PUT PEOPLE BACK TO WORK PRODUCING IT, WE WILL CONTINUE TO BE THE OLD PART OF THE VINE THAT DIES OFF. Put people back to work, and the credit crisis will fix itself. If we come up with a different source of energy to fuel our cars, we can spur an industrial revolution in this country that we haven`t seen since Edison invented the light bulb. And put everyone back to work, From one union buy god millwright
    Wow, that was starting to read like one of those conspiracy statements. No offense intended.
    Patrick
    Rhode Island


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