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  #1  
Old 10-01-2008, 11:56 AM
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Three Bay Area "GM" Auto Dealers Close

The National Automobile Dealers Association is projecting that new vehicle dealership closures may rise as much as 40% this year. That would mean 600 dealers going out of business.
Some people fear that a popular saying in the 1940 may hold true today. That one went, "As General Motors goes, so goes the nation."


http://www.ktvu.com/news/17595554/detail.html
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Old 10-01-2008, 03:31 PM
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GM is suffering the consequences of their poor decisions made years ago. It's been oft-discussed. The current economic conditions don't make it any easier to stay alive.
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Old 10-01-2008, 04:56 PM
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Couple more here in Vegas the last 2 weeks too. I'm sure you've probably heard of the demise of Bill Heard.

http://www.ajc.com/gwinnett/content/...alerships.html
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Old 10-01-2008, 06:11 PM
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QS

Isn't GM still the WORLD'S largest single company/industrial complex?
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  #5  
Old 10-01-2008, 06:13 PM
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1 in 8 jobs in the US are automotive related. As GM goes, so goes the US economy.
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  #6  
Old 10-01-2008, 06:16 PM
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Could be;

The suggested number of other closures is estimated at 600
nation wide. Not a good thing for the employees.
A while back someone posted that BMW was taking measures
to scale back USA units in favor of a more lucrative european
market. I wonder how GM is doing over there?

Quote:
Originally Posted by realchef
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Isn't GM still the WORLD'S largest single company/industrial complex?
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  #7  
Old 10-01-2008, 06:56 PM
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GM is in the toilet because GM products have sucked for decades. Bad Management, design by committee and overall weak demand for huge SUV's is the biggest problem.

I actually think if GM can get the "VOLT" right they have a chance to move in the right direction.
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  #8  
Old 10-01-2008, 06:57 PM
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Wagner Wagner is offline
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25B infusion will help
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  #9  
Old 10-01-2008, 06:59 PM
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Not to faintly praise the Ol'General, but they, and Ford, both make some
good pocket rockets for the Euro mkt.

They never get here, to North America, for the usual lame "market awareness"
rationale that all the cheap suits from GM/FoMoCo put out.

It will be a tough row to hoe for any/all of the car mfg'ers in the next
several months, imo.
BR,mD
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  #10  
Old 10-01-2008, 07:10 PM
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Quote:
Originally Posted by The Cleaner
GM is in the toilet because GM products have sucked for decades. Bad Management, design by committee and overall weak demand for huge SUV's is the biggest problem.

I actually think if GM can get the "VOLT" right they have a chance to move in the right direction.

I agree totally, GM's products are inferior in many many ways, but they have really improved in recent years.

What is really holding GM down is all their promises from decades ago (healthcare etc) that is their biggest issue in my eyes
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