Quote:
Originally Posted by MrMax
Long time since I posted on here. My new job isn't so lenient concerning internet use. But I'm very troubled over these recent developments. I intend to invest at some point in the company, but... wow. I never saw this coming, and in such a short period of time. When stock hit $27 a share last year, I thought the turnaround was about to pick up steam, but I guess I was short sited. Now is as good a time as ever for someone to give me some optimism. I mean, I know whats in the pipeline. The new Cobalt, Volt, CTS Coupe (CTC), CTS Wagon, Diesel Silverado/Sierra, but... none of these hit the road until 2009 at the earliest... And with the rate GM is burning through cash... Is there reason for hope? Somebody tell me there is. Someone give me a reason to believe.
|
I think General Motors has its best senior management in decades. The product launches over the last three years are second to none and future product appears excellent also. JD Powers and the Harbour Report verfies that General Motors' quality and productivity is right up there with Toyota and Honda. General Motors pension is fully funded. General Motors is handing off responsibility for hourly retiree health care benefits to the UAW. General Motors series hybrid approach (Volt) appears to be superior than Hybrid Synergy Drive. The Volt's development appears to be on track. The Two Mode Hybrid appears better than Hybrid Synergy Drive. General Motors appears to be the leader in fuel cells. General Motors' June sales performance was better than Toyota's. General Motors UAW agreement appears competitive with the transplants. General Motors buyout programs are attracting enough buyouts. General Motors is doing very well in practically every market except the United States.
General Motors has survived rough patches before. General Motors faced insolvency in 1909 and 1920 when they were bailed out by New York banks and the DuPonts, respectfully. General Motors turned itself around and thrived after these experiences.