Quote:
Originally Posted by Douge
When you are given a loan by the federal government because you cannot secure private funds you are getting your ass bailed out. EOS
Holden engineered the zeta platform many years ago and it was first used in production in 2006.
GM's business model has been losing market share for decades, long before the current crisis and the idea (not even the act of) canceling a much anticipated car when they desperately need to capture and retain customers is another example in a long line of examples of poor decisions.
I made no accusations, just stated my opinion. I don't take offense to your rebuke so don't take this the wrong way, but maybe you should do some research and work on you reading comprehension.  |
yes, they got financial assistance from the government, but it has to be repaid... unlike the wall street handouts. just wanted to make sure that distinction was made.
the camaro is built on the zetaII platform. it's based on the existing platform, but it has some redesigns and improvements (mainly for conforming to north american safety standards and making manufacturing cheaper, but also to update and tweak the suspension). the camaro has also been under R&D since 2006 when the zeta was fresh off the boards & still needing tweaks.
i definitely never said that gm hasn't been making bad decisions in the past that were only worsened by the recession because that's one of the big factors in this mess. many companies have been making bad decisions, and it took the financial problems to really expose them.