ABC NEWS: "Factories to remain open during the bankruptcy" - Page 8 - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

Ninjak · 06-01-2009, 02:06 PM

GM was a mess. A lot of bad bad bad decisions. Now they have come home to roost. This Bankruptcy is basically going to clean house, and try to GM back on its feet. Even more than ford, GM represent what American industry stands for.

The US will not let GM fail They will come out better in the end. Will they still make SS or Vettes ? That remains to be seen.

dkb · 06-01-2009, 02:20 PM

Quote:

Originally Posted by Brokinarrow

They'll slowly buy back their stock and start selling it on the market again. Eventually GM WILL be completely private again. And if they do well and become an industry leader again, whoever sticks their neck out to buy a few shares of early stock may get a nice surprise

It will NEVER be completely private again. The UAW now owns a huge chunk. Even if the gov sells it's piece that will leave the UAW as the largest single shareholder and therefore the 800 lb gorilla in determining the direction of the company. Why would a union sell it's management to someone else? This is the union's dream.

They can now negotiate with themselves over their contracts ....

calflan · 06-01-2009, 02:21 PM

How about 'CUSTOMER SERVICE'.
They could easily get the ball rolling by providing an accurate communication method to those customers who've chosen to do business with them - like all those that have deposits on this site and have received little no valuable or accurate responses regarding their order.

In such businesses, customer loyalty carries so much weight toward positive sales and thus new business. There is a much higher percentage of repeat customers from good service, as opposed to trying to win new customers with promises. Prove you'll take of what you have and the reputation will spread to others considering looking at your products.

Offer a good product that gains respect. Loyalty and respect will not only keep them coming back, but grow in popularity. The Honda Accord, when first came out, was a little car in an era of larger cars that might still compete in MPG. Honda offered a superior product and customers were taken care of. Their reputation today is off the charts.

Hylton · 06-01-2009, 02:26 PM

Quote:

Originally Posted by calflan

How about 'CUSTOMER SERVICE'.
they could easily get the ball rolling by providing an accurate communication method to those customers who've chosen to do business with them - like all those that have deposits on this site and have received little no valuable or accurate responses regarding their order.

In such busniesses, customer loyalty carries so much more weight than new business. There is a much higher percenatge of repeat customers from good service, as opposed to trying to win new customers. Prove you'll take of what you have and the reputation will spread to others considering looking at your products.

Not this company! Looking at this whole Camaro buying process, there has been ZERO effort on the part of GM to recognize customer loyalty.

tededfred · 06-01-2009, 02:28 PM

Quote:

Originally Posted by dkb

It will NEVER be completely private again. The UAW now owns a huge chunk. Even if the gov sells it's piece that will leave the UAW as the largest single shareholder and therefore the 800 lb gorilla in determining the direction of the company. Why would a union sell it's management to someone else? This is the union's dream.

They can now negotiate with themselves over their contracts ....

Does anyone know how that might work from a legal perspective? You'd think there would be some kind of anti-trust law that would prevent a union from negotiating a contract with... well.. itself.

Dr Jkel · 06-01-2009, 02:33 PM

I think You will see service change, along with QC. Makes Business sense the way they look at it, before Chapter 11, 8000 delivered after Chapter 11 50000. Is it just me or do the dealerships act like they are doing you a favor by selling this car to us.

BigRigMike · 06-01-2009, 02:35 PM

Quote:

Originally Posted by tededfred

Does anyone know how that might work from a legal perspective? You'd think there would be some kind of anti-trust law that would prevent a union from negotiating a contract with... well.. itself.

The shares are not directly controlled by the UAW the shares will be controlled by their health trust that is supposed to be independent from the UAW.
Is it far enough removed to prevent a problem?? I dont know

dbotsfordtat · 06-01-2009, 02:37 PM

People are bombarded everyday with new things to worry about. Ask that same question a couple of months from now and most won't even remember/know GM went through BK.

tededfred · 06-01-2009, 02:37 PM

Quote:

Originally Posted by BigRigMike

The shares are not directly controlled by the UAW the shares will be controlled by their health trust that is supposed to be independent from the UAW.

ah, thanks for clearing that up

*GTAHVIT* · 06-01-2009, 02:38 PM

Merged.

dbotsfordtat · 06-01-2009, 02:45 PM

Quote:

Originally Posted by tededfred

Hey, if you want to annex us, you'll have to get past our hockey sticks and donuts FIRST.

plus, do you REALLY want to claim Celine Dion as a citizen? :P

I know I'm not the only one that loved the Titanic song and she looked hot back when that came out. Do you have an updated photo of the little minx?

joegagan · 06-01-2009, 02:56 PM

Quote:

Originally Posted by dkb

It will NEVER be completely private again. The UAW now owns a huge chunk. Even if the gov sells it's piece that will leave the UAW as the largest single shareholder and therefore the 800 lb gorilla in determining the direction of the company. Why would a union sell it's management to someone else? This is the union's dream.

They can now negotiate with themselves over their contracts ....

bingo. and this is the part i never hear in the mainstream media.
i respect the rules here, no partisan politics, but this rule was made before the government owned our beloved company. and the events leading up to this travesty are most certainly partisan.

ezstriper · 06-01-2009, 03:00 PM

One thing that may become a issue is the stripes, they are being done outside the plant at a outside vendor, if I'm that vendor sitting on a bunch of work that I fear I may not get paid for...well work would stop till all the $$ issues were worked out..all in all not good !!! and with the government in charge..well we know they cannot run crap !!! Rob

Hylton · 06-01-2009, 03:01 PM

Quote:

Originally Posted by dkb

It will NEVER be completely private again. The UAW now owns a huge chunk. Even if the gov sells it's piece that will leave the UAW as the largest single shareholder and therefore the 800 lb gorilla in determining the direction of the company. Why would a union sell it's management to someone else? This is the union's dream.

They can now negotiate with themselves over their contracts ....

Yes it will. The union will divest itself of the shares. This will be done in exchange for benefits and pensions.

06-01-2009, 02:21 PM	#101
calflan Drives: 1LT; IBM; 6 Spd Manual Join Date: May 2009 Location: Heath, Tx. Posts: 499	How about 'CUSTOMER SERVICE'. They could easily get the ball rolling by providing an accurate communication method to those customers who've chosen to do business with them - like all those that have deposits on this site and have received little no valuable or accurate responses regarding their order. In such businesses, customer loyalty carries so much weight toward positive sales and thus new business. There is a much higher percentage of repeat customers from good service, as opposed to trying to win new customers with promises. Prove you'll take of what you have and the reputation will spread to others considering looking at your products. Offer a good product that gains respect. Loyalty and respect will not only keep them coming back, but grow in popularity. The Honda Accord, when first came out, was a little car in an era of larger cars that might still compete in MPG. Honda offered a superior product and customers were taken care of. Their reputation today is off the charts. __________________ 1LT; Airaid CAI; Flowmaster American Thunder Axelback; Int Floor Lts; RS Spoiler; Radio Controls; Sequential tail lights; Oil Catch Can; VMAX Throttle Body; MACE plenum spacer; Mace manifold insulator[/I]

06-01-2009, 02:38 PM	#108
GTAHVIT Blessed Drives: 2013 Sonic RS MT Join Date: Dec 2007 Location: Saint Augustine FL Posts: 28,444 View My Garage	Merged. __________________ Click image to see build thread. PQ - "the love of cars. It's a boys first step toward manhood and a mans last hold on boyhood." Fbodfather - "We do not want to use the Z28 moniker on a car that does not deserve this hallowed name." The_Blur - "Let's not confuse competitors with equals."

06-01-2009, 02:06 PM	#99
Ninjak Banned Drives: 08 GT Mustang \| 65 GT Notchbac Join Date: May 2009 Location: Miami Florida Posts: 819	GM was a mess. A lot of bad bad bad decisions. Now they have come home to roost. This Bankruptcy is basically going to clean house, and try to GM back on its feet. Even more than ford, GM represent what American industry stands for. The US will not let GM fail They will come out better in the end. Will they still make SS or Vettes ? That remains to be seen.

06-01-2009, 02:33 PM	#104
Dr Jkel and MR. HYDE Drives: 2010 2SS RJT/BLK 6Spd Man Join Date: May 2009 Location: Oxford, Alabama Posts: 4,375	I think You will see service change, along with QC. Makes Business sense the way they look at it, before Chapter 11, 8000 delivered after Chapter 11 50000. Is it just me or do the dealerships act like they are doing you a favor by selling this car to us.

06-01-2009, 02:37 PM	#106
dbotsfordtat Drives: 2016 Camaro Join Date: Nov 2008 Location: Iowa Posts: 502	People are bombarded everyday with new things to worry about. Ask that same question a couple of months from now and most won't even remember/know GM went through BK.

06-01-2009, 03:00 PM	#111
ezstriper Drives: 89 IROC, 91 Z-28 vert, 86 S/G Join Date: Feb 2008 Location: Fredericksburg, Va. Posts: 17	One thing that may become a issue is the stripes, they are being done outside the plant at a outside vendor, if I'm that vendor sitting on a bunch of work that I fear I may not get paid for...well work would stop till all the $$ issues were worked out..all in all not good !!! and with the government in charge..well we know they cannot run crap !!! Rob