GM says it "disappointed" and "betrayed" consumers

Drudge ^ | Mon Dec 8, 2008 | Kevin Krolicki

[stevecmd]

GM and the UAW can go to hell.

Agreed !!

[LiberConservative]

“I know you dissappointed in me baby. I know I betray you baby. Now gimme some money, b!tch.”

[Old Professer]

Go here to get some background on Chevy P/U speedos:

http://forums.motortrend.com/70/6207146/pickups-suvs/2004-sierra-speedometer-quit-working/index.html

[Badeye]

Hmmm. We’ll see.

[MinnesotaLibertarian]

This is a good point. While I’m very much against the Detroit bailout, the Wall Street bailout got far less scrutiny for much more money.

[Abathar]

Every UAW member I know (and from Michigan and in the business that’s a lot) is far to arrogant when it comes to what they feel is owed to them to ever admit to anything unflattering.

Ever notice their jackets? UAW logo is ALWAYS the largest, the actual guy who signs their check can be found somewhere but you have to look for it.

[count-your-change]

Yeah, GM feels so humiliated that only great gobs of cash will them feel better. What a deal!

Someone admits to betrayal and being a disappointment and then demands money! Lots of money!

[Jeff Gordon]

You can get an electric Mini for $900/mo.

I had a reservation for one of these until the recent market panic forced me to rethink my expenses.

[uncommonsense]

What's interesting is the Rats had no problem throwing trillions at banks that invested heavily in very risky derivatives, which have no tangible benefits to society. But when manufacturers, who have been jacked around by congress with CAFE standards and collective bargaining laws, ask for a loan - they get the cold shoulder. Now I hate what the auto companies have done to our once proud manufacturing industry, but for crying out loud, we are rapidly losing our capacity to make anything tangible in the USA. It becomes a national security threat if we can’t build guns, tanks, ships, and jets.

This is the conspiratorial side of my brain talking, but does anyone else think there’s a plan to neuter the USA by fostering a purely service-driven economy where we have to rely on communist and third-world nations to provide all of our manufactured products, not just for our material comfort, but for our survival (medical devices, transportation, guns, etc.)?

Also, there’s another little detail that no one is talking about when discussing bankruptcy by the Pig-3 – credit default swaps (CDS). When Delphi when bankrupt, the balance sheet liability was $2 billion, but the CDS liabilities were $25 billion! Ouch! Since there is no transparency with CDS’s (they’re traded company to company), no one knows what kind of financial tsunami will be triggered by bankruptcy – other then 10 to 20 times the balance sheet of the Pig-3 companies and their suppliers.

Just something to think about…

[hoppity]

I remember reading a Sports Illustrated article about Brian Bosworth, back when he was the next big thing. He talked about working at the local car plant (I think it was Chevy. He and the fellow workers would hang a washer by a string somewhere on the frame where it couldn’t be found to drive the owner crazy.

I was a teenager, and wondered why anyone would damage a company’s reputation like that. Still haven’t figure it out.

[BradyLS]

Patrick Stewart: "Pontiac Bonneville Brohm! Pontiac excitement!"

[ziravan]

Yes they did.

I’ll accept the apology when they make it personally to me, and make some effort at reparations for the thousands of dollars I lost dumping their vehicle from my life.

Hint: I’m the one that owned the ‘94 Lumina about which YOUR VP for Customer Service in Detroit for Chevy told me that, if I wanted quality, I should have thought about that BEFORE I bought a Chevy.

And.

I have a LONG memory.

[Jeff Gordon]

it was a LEASE. they were LOSING MONEY

Losing money on the EV1? How is that any different from the fact they are losing money on their entire product line?

[RedhairRedhair]

Looking back on some of the cars I've owned (Ford & GM):

1965 Mustang
1966 Mustang
1968 Mustang Convertible (High Performance)
1973 Pinto
1984 F-150
1977 Camaro
1978 Camaro
1967 Camaro
1968 Camaro SS
1974 Vega
1972 Cutlass SS
1969 Corvette (427/4 speed)
1968 Corvette Convertible
1979 Trams-AM (Anniversary Edition)
1980 Buick Regal
1982 S-10
1998 Blazer Limited
2001 Impala

Around 1980 I noticed problems with GM/Ford — tried a few more times after that, but really took it in the shorts on the Blazer and worse with the Impala.

After that I was done with GM/Ford, although I could kick myself repeatedly and very hard for selling some of the 60’s & 70’s models that are worth a mint now.

[pepperhead]

Exactly they are losing money on almost every car in their line.

Still, the Detroit Three are lagging in profits per vehicle because of higher costs for health care, pensions, sales incentives and the higher number of dealerships they support. Ford lost $1,467 per vehicle in 2007, while GM lost $729 and Chrysler lost $412, the report said. Toyota made $922 per vehicle, while Honda and Nissan both made $1,641. That gap is expected to narrow significantly in 2010, when the Detroit automakers hand over their retiree health care liabilities to new independent trusts overseen by the United Auto Workers union.

[Soliton]

I will NEVER buy a GM after not buying anything else for years.

[philled]

Since then, the service engine light has stayed on, giving me a code 0410, i.e. an oxygen pump/secondary emission system problem, or in other words, the gas cap.

I had a 97 Ford Taurus as a company car. The check engine light first appeared with that problem at the end of 1997. They fixed it- a couple of times. I was able to buy the car (for $1900!) at the end of 1998 instead of turning it back to the company. The light reappered in early 1998 and has been on ever since (although every time I get an oil change they read the code and reset it). At 143,000 one-owner miles it is something I can live with. In fact, I start to worry when the light goes out...

[Don W]

You bought a Chevy pickup truck with a pseudo-humvee body and you are happy.

Proof positive that BRANDING is a powerful tool.

To think that the Envoy I rented last January ALMOST seduced me into the GM realm...

BANKRUPTCY is the ONLY way for Detroit to get out of this mess.

[Scythian]

WE MADE BAD CARS, LEAVE US ALONE (WITH YOUR MONEY)

[50sDad]

And the crappy Klear-Coat you put on my wife’s last car, the one where you changed it, sold a bazillion cars, and then found out it peels off like a bad sunburn!