GM axes performance division

SS Engine Guy · 02-20-2009, 01:58 AM

One thing has caused this is "living beyond your means". Multi million dollar bonus/freebies for vice prez of.............fill in the blank. Not just GM but alot of major companies not only in the auto industry. Just like alot of the population ---- instead of using dollars, using paper (or plastic) to pay bills. Borrowing money that dosen't exist, etc. Going to take alot to get this economy back on track starting with the consumer. In the past years advertising/incentives such as buy now no payments for 6 months. Financing anybody. No credit-no problem, bad credit-no problem, bankruptcy-no problem .No down payment. When I was younger and working at a GM dealership and someone wanted to buy a car with no money down, the sales staff would have laughed in your face. The credit industry and big management/big government is where half the problem started. The other half is when American car companies started using foreign components (engines) in some of their products. We came up with the technology to build these engines and gave it, or sold it away only to buy it back at a higher cost. Then we decided to move plants and buy products across the borders because of the cheaper labor and less gov. regs. But instead of passing the savings on to the end user the prices remained high. Then it was decided to build (middle of the line) cars that require excessive labor/time for basic maintenence. The blame goes around in quite a few circles. And I also feel for those that are loosing a job that they have worked hard at and took an interest in. Sure is a shame we have let big money/big government spend us into this mess. The economy can live only so long on "paper".

02-20-2009, 01:58 AM	#11
SS Engine Guy Member Join Date: Sep 2003 Location: usa Posts: 256 Likes: 1 Liked 1 Time in 1 Post	Re: GM axes performance division One thing has caused this is "living beyond your means". Multi million dollar bonus/freebies for vice prez of.............fill in the blank. Not just GM but alot of major companies not only in the auto industry. Just like alot of the population ---- instead of using dollars, using paper (or plastic) to pay bills. Borrowing money that dosen't exist, etc. Going to take alot to get this economy back on track starting with the consumer. In the past years advertising/incentives such as buy now no payments for 6 months. Financing anybody. No credit-no problem, bad credit-no problem, bankruptcy-no problem .No down payment. When I was younger and working at a GM dealership and someone wanted to buy a car with no money down, the sales staff would have laughed in your face. The credit industry and big management/big government is where half the problem started. The other half is when American car companies started using foreign components (engines) in some of their products. We came up with the technology to build these engines and gave it, or sold it away only to buy it back at a higher cost. Then we decided to move plants and buy products across the borders because of the cheaper labor and less gov. regs. But instead of passing the savings on to the end user the prices remained high. Then it was decided to build (middle of the line) cars that require excessive labor/time for basic maintenence. The blame goes around in quite a few circles. And I also feel for those that are loosing a job that they have worked hard at and took an interest in. Sure is a shame we have let big money/big government spend us into this mess. The economy can live only so long on "paper".