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Originally Posted by caddiedrummer  Wow, Vrocks , take a deep breath. I actaully agree with your first 2 paragraghs. But as far as my facts, in the last 5 years, I have owned 2 Vettes, 4 Vipers, 7 Hondas (kids/wife) 2 Fords, and 4 Caddies including an XLR and XLR-V, as well as an 06 BMW M5. I can provide the dealer sevice sheets if you like, but my Hondas and Bimmer have been a lot less trouble free than the GM, Dodges and Fords.
Also, as I said if you were reading closely GM quality has gotten much better. I can buy almost any car I want and I would rather have a Caddy than a Bimmer or Mercedes. But, I am a realist. The M5 build quality, etc has been much better than my Caddies. I will still buy a Caddy.
A bailout ain't gonna help GM--just my opinion . It just puts off the inevitable. My family has owned Caddies since the late 30s so don't take umbrage--I am not a Euro snob--just the opposite. |
Maybe your Hondas have been better (I'd take one over a Toyota any day) but every BMW experience I've had or a friend has had, was full of technical problems. Also, I wouldn't lump Dodge and Ford in with GM - then again maybe there's the odd chance that your GM vehicles had more problems than the other 2.
I was pissed when you said loaning them money is a waste. The fact of the matter is, GM (not sure about Ford or Chrysler) was on target to reduce union and pension costs. This would allow them to be profitable and to make even better cars than they can now.
I'd like to see them file ch 11 and re-structure with DIP financing and get another $25 billion to shore up the pension trust fund. The problem is, it doesn't look like that would happen in this environment, so a $25 billion loan buys time to get the 2010 plan online and then go from there.
There's no way the economy can take a GM CH11 hit, especially if it were to go south and turn into a CH 7... We're all reading the forecasts for 2009 and it's bad, yet those reports aren't planning on a GM collapse which would hammer other auto makers when suppliers go under as well.