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Old 04-01-2009, 10:33 AM   #1
infernoinandout
 
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Something to think about

I know GM sells a lot of vehicles but did you ever think that all the profits from the pre sale camaros will actually go to Wagoner for his 20 million buyout. Then add in 3-4 years r+d, tooling, etc. Exactly how many cars/years does it take to truly show a profit on a new car line?
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Old 04-01-2009, 10:53 AM   #2
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Get your facts straight - the $20 million for Wagoner is his pension plan for putting 31 years in at GM, not a golden parachute/buyout. If GM goes into bankruptcy, only $833,000 of that $20 million is protected and he could lose the rest.

Now, figure that GM spent at least $1 billion on R&D, tooling, etc... for the Camaro. GM would have to sell 47620 LS models at a $21000 final invoice (dealer invoice minus any holdbacks, etc...) to recoup that $1 billion. BUT that doesn't take into account that GM is probably putting at least $15000 worth of materials/labor into each vehicle made. That leaves $6000 per vehicle to put towards the initial cost of R&D. They'd need to sell nearly 167,000 LS models to recoup that initial investment. If they can sell 80k per year, that's 2 years to payback the R&D costs, after that the remaining sales can go towards new R&D.
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Old 04-01-2009, 10:55 AM   #3
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It's too bad we can't sell these things like Corollas-400,000 a year, and see profits in the first year.
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Old 04-01-2009, 11:58 AM   #4
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Thats really not to bad on the recovering money side but to reward a person for taking a company to the edge of bankruptcy is what I have a problem with. How much did he make in those 31 years? Reward success not failure.
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Old 04-01-2009, 12:19 PM   #5
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His retirement isn't nearly as big as some CEO's, but 20 Million? Did he poop gold coins for GM? The game is rigged.
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Old 04-01-2009, 12:29 PM   #6
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Yes, Wagoners pension is coming exclusively from Camaro sales, and not a single dime is from his contributions over the last 3 decades.
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