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post #1 of 22 (permalink) Old 02-17-2009, 06:55 PM Thread Starter
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GM's restructuring plan

Here are the main points:

1 - return to sustainable profit within 24 months.
2 - fewer models supporting Chevy, Caddy, Buick, and GMC
3 - Will achieve a fleet avg fuel economy for cars of 38.6mpg by 2015
4 - Will achieve a fleet avg fuel economy for trucks of 27.6mpg by 2015
5 - Pontiac becomes a niche brand (probably just the Solstice and G8)
6 - Hummer sale or phase out decision to be made by the end of Q1 2009 (March 31st)
7 - Saturn will remain in operation throught he end of the planned lifecycle for all Saturn products (2010 - 2011) and then die. This will change only if investors present a plan for the brand to be spun off from the company.
8 - Saab to be sold or phased out.
9 - 25% reduction in vehicle nameplates by 2012. There were 63 nameplates in 2004. Right now there are 48. That number will be 36 by 2012.
10 - OH, and they want another $16.6BILLION...


So basically, Hummer, Saturn, and Saab are dead unless someone buys them.

I think that cutting those brands will account for the reduction in nameplates. However I think GM might kill make other reductions. I think either the GMC Acadia, Chevy Traverse, or Buick Enclave will be killed. Of those, I think the Enclave will go because the Acadia is the best seller.

Confirmed future product launches:

1 - Chevy Volt in 2010
2 - Caddy CTS Coupe in 2010
3 - Caddy CTS Wagon in 2009 (I want one)
4 - Chevy Cruze in 2010
5 - Chevy Camaro in 2009
6 - Chevy Equinox in 2009 (pretty good looking too)
7 - Buick Lacrosse in 2009
8 - Caddy SRX in 2009

Full plan can be downloaded here: http://preprodha.ecomm.gm.com:8221/u.../docs/plan.pdf

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post #2 of 22 (permalink) Old 02-17-2009, 06:57 PM
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I really hope they dont get the money

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post #3 of 22 (permalink) Old 02-17-2009, 07:05 PM
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Originally Posted by 8mpg View Post
I really hope they dont get the money
Of course they'll get it. Then Barry can tell them exactly which cars they can build. Congress will own their ass.

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post #4 of 22 (permalink) Old 02-17-2009, 07:09 PM
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GM's going to get the welfare check just like the rest of the big businesses that are too big to fail . The biggest question is how in the hell are we going to pay back this loan the government has decided to put on our shoulders .
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post #5 of 22 (permalink) Old 02-17-2009, 07:09 PM
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I'm at a fork in the road over this.

On one hand, my conservative values say screw'em and let them go in the tank. On the other hand, our main customer is GM and I'd really like to keep my job.

sigh...

But I would really like to see the look on the faces of the paying union members when they shut the doors to our plant.
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post #6 of 22 (permalink) Old 02-17-2009, 07:31 PM
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But I would really like to see the look on the faces of the paying union members when they shut the doors to our plant.
LOL

Id be behind their bailout if they did not have union contracts

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post #7 of 22 (permalink) Old 02-17-2009, 07:35 PM
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Originally Posted by trblshooter View Post
I'm at a fork in the road over this.

On one hand, my conservative values say screw'em and let them go in the tank. On the other hand, our main customer is GM and I'd really like to keep my job.

sigh...

But I would really like to see the look on the faces of the paying union members when they shut the doors to our plant.
They aren't going anywhere. Comrade's Barry, Biden, and Pelosi will see to that. Someone has to build those ZERO carbon foot-print SUV's we all want, right?

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post #8 of 22 (permalink) Old 02-17-2009, 07:38 PM
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As a manager, you guys have no idea how hard it is to keep my mouth shut when they start crying over this crap.
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post #9 of 22 (permalink) Old 02-17-2009, 07:41 PM
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"We will be back to a sustainable profit by..." Really? That's a plan? CAn I get a loan based on "I will make 100,000 dollars by ...eventually?"
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post #10 of 22 (permalink) Old 02-17-2009, 08:33 PM
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Quote:
Originally Posted by 8mpg View Post
LOL

Id be behind their bailout if they did not have union contracts
The problem is that Barry said Union cock tastes the best

1/19/09, the last day of Free America.
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post #11 of 22 (permalink) Old 02-18-2009, 09:17 AM
Bla Bla Bla
 
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I really think there is no way they will make it unless they file bankruptcy and get ride of the UAW. Otherwise they are just going to continue to be a leaky faucet!

All I hear is bla bla bla......
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post #12 of 22 (permalink) Old 02-18-2009, 09:23 AM
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What there plan should say:

1: File bankruptcy
2: Fire all union workers
3: rebuild with non-union work force
4: pay shop workers 12-15 an hr starting out until we get back on our feet
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post #13 of 22 (permalink) Old 02-18-2009, 09:29 AM
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GM will get more money, and what's even worse before this year is over they will be almost broke again begging for more funds and they will probably get that too

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post #14 of 22 (permalink) Old 02-18-2009, 09:42 AM
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GMs plan:

1. fire people
2. close plants
3. ?
4. Profit!
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post #15 of 22 (permalink) Old 02-18-2009, 10:17 AM
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Quote:
Originally Posted by mikeb View Post
GMs plan:

1. fire people
2. close plants
3. ?
4. Profit!
No, it's:

1. fire people
2. close plants
3. extend credit further with suppliers
4. dance with magical unicorns, hope they give a secret to achieving 38.6mpg in a car that Americans will actually buy
5. insure over compensated employees and retirees keep their benefits
6. figure out a way to build cars overseas where they can keep production costs reasonable and market them as American made (Pontiac niche market)
7. beg for more money
8. ?
9. profit

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post #16 of 22 (permalink) Old 02-18-2009, 10:39 AM
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post #17 of 22 (permalink) Old 02-18-2009, 10:42 AM
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Originally Posted by 46Tbird View Post
LMAO!!! The underwear Gnomes are one of my favorite South Park episodes!

All I hear is bla bla bla......
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post #18 of 22 (permalink) Old 02-18-2009, 06:34 PM Thread Starter
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Another part of the plan.

GM is disbanding the High Performance Vehicle Operations group.

No more V-series for Caddy. No more Cobalt SS, HHR SS, etc..

GM has put high performance versions of future vehicles on indefinite hold.

The group might be reinstated when GM gets back to profitability.

http://www.autoblog.com/2009/02/18/b...le-operations/

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post #19 of 22 (permalink) Old 02-18-2009, 07:08 PM
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I thought Saturn operated in the black?
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post #20 of 22 (permalink) Old 02-18-2009, 07:16 PM Thread Starter
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I thought Saturn operated in the black?
Nope. From a marketing perspective, GM neglected it. It really is too bad. Saturn finally has a top notch product lineup.

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post #21 of 22 (permalink) Old 02-19-2009, 07:44 AM
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Quote:
Originally Posted by Sgt Beavis View Post
Another part of the plan.

GM is disbanding the High Performance Vehicle Operations group.

No more V-series for Caddy. No more Cobalt SS, HHR SS, etc..

GM has put high performance versions of future vehicles on indefinite hold.

The group might be reinstated when GM gets back to profitability.

http://www.autoblog.com/2009/02/18/b...le-operations/
Well that fucking sucks ....... looks like SVT is going to be the big dog on campus for quite some time .
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post #22 of 22 (permalink) Old 02-19-2009, 08:30 AM
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Well that fucking sucks ....... looks like SVT is going to be the big dog on campus for quite some time .
That does suck. SVT is just a one trick pony unless something else comes out.

Can't beat them, Join their message board !!

I m5...

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