I wouldnt worry about GM or for that matter ford or the like. We might see a smaller line-up IE Hummer Gone and possibly Buick,Saab. Right now everything is unstable with the US dollar Fallen and a Election year.

Just Hope your employeed and Wait through it.

 

The GM plant (2600 employees) here in town is one that is closing along with Lear Seating (750 employees) and LSI (300 employees) who also supplies parts. They say 2010 but everyone is thinking before the end of the year and the whole plant will be closed. We are trying to sell our house so now it will be very difficult. I feel for all the workers. Some have already went to Ohio, and others are looking for other GM plants they can transfer too. The job situation here is bad enough now there are thousands more that will be needing jobs.

I lost my job the end of November due to down sizing and my unemployment benefits ran out the beginning of June. I am having one heck of time finding a job. One job twenty people. I am just hoping Bush signs the extended benefits this week. It is getting tough.

 

Cheers everyone...thanks for all your feedback and I got something from everyones post but by far the best was...
Pick it up Mon. 6pm!!!woohoo!!!

 

Since GM owns a large part of Honda, Toyota, XM radio, Dish network, they are involved with Disney. I doubt they will ever go under.

 

If they ever get into financial difficulty, the government would bail them out like they did for Chrysler back in the 80s. If GM reduced the number of dealers, where would all the sleazy sales staff migrate to?

 

I'm a retired GM employee and yes GM is in trouble. If you think that they are alright, think again. This company is close to filing! It is not as if they have tons of liquidity. Yes, they are downsizing and trying to shut down certain models, But their cost structure is a problem. They do really need a two tier pay system to compete with the foreign makers because their cost are ridiculous. Toyota has been paying slave labour overseas for years. 15, 16 hours per day, 7 days a week with no overtime. Next to nothing in wages and the poorest working conditions on earth . How can a company compete with this crap. I had a link on Toyota in the far east that make parts for North America plants with all the info on it. I will post when I find it.
The amount of employees taking retirement buyouts and the pensions along with the benefits that are being paid out are staggering. Will they try to reduce pensions on retirees and health care? You bet! As a retiree, I just wonder when they will do this because GM has already reduced benefits on their salary employees. It will take alot of quality decisions on GM's part to turn things around... Do they have the people to do it? Not with what they have right now. Wagner should have been replaced many years ago. He's too soft to make the hard choices.
GM is good for now... not sure about the future?
Only my

 

Here's one link of many around

http://www.autospies.com/news/Toyota...-Abuses-31258/

 

People only see what they want to see and will take any chance they get to crap on the home team.

GM produced some less than desireable cars in the past, and they are still saddled with that reputation.
They are now producing some fantastic vehicles, but lots of people have been brainwashed to think that imports are better, so won't even consider them.

Maybe we need another Toyota sludge monster to appear before folks really see what's up.

 

I'm not too worried about them. Can't seem to find a link for support, but didn't Flint just get the go ahead on the electric engine plant?

My dad worked for Buick City in Flint for 33 years before they demolished it.

I doubt they will be going away, they just need to make a lot of changes, but so does every auto maker.

 

QUOTE]I never quite understood how this hurts an automaker. A sale is a sale, regardless if one dealer sell fifty cars or fifty dealers sell one car each. The only people I see hurting in the latter is the dealers.

I would appreciate a clear explanation on this so I don't feel so stupid![/QUOTE]

I guess what I'm saying is, (when the economy is slow, and fuel is expensive, like it currently is these days), to stock 5 dealers as apposed to 1, you'll likely end up with some surplus inventory.

If the average dealer has 150 cars avail. at any given time, then 5 dealers will have 750 cars that are locally-based. if certain models are slow sellers, plus the consumer has 5 dealers with whom he/she can "dicker" with, all of those factors weaken the position of the dealer(s) and ultimately the corporation.

In my opinion, a lot of the GM's success can be linked/tied to having a strong dealer network. That's not the sole reason, but it is important just the same.

Again, as stated earlier, all of my posts are merely my opinion........