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05 STS4 V8 1SG with ACC
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Today GM has emerged from bankruptcy (hurray)an mark my words " THERE WILL BE A NEW GM THAT WILL COMPETE WITH THE WORLD"
 

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See you in the funny papers
04 CTS-V, 05 STS, 07 SRX- All sold :(
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26,239 Posts
In related good news, it appears that "Maximum" Bob Lutz will be staying on with the New GM instead of retiring. :thumbsup:
 

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2009 CTS-V
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2,018 Posts
...and the Camaro is the hottest selling car, they built a winner.
 

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Cadillac 95 STS, 02 SLS
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13,792 Posts
Glad to hear "Maximum" Bob will be influencing product development at GM for a while longer.
 

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94 ETC 78 Eldo 69 Eldo
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170 Posts
obama motors will fail

anything that the government touches tanks

study the history of government run programs

too many hands in the pot and way too much politics
 

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2009 Black Ice/Ebony CTS-4 DI FE2
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340 Posts
As someone who lives in a socialist country, it is difficult to disagree with Hardley. :(
But I would love to be wrong.
 

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1992 Town Car Cartier & 2014 Accord LX MTX
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The House of Representatives is trying to reverse the dealer closures. Government managed businesses are very... political.
Great! Because my biggest client is on that "list".
 

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2004 CTS-V with 2 carseats in the back and a f'ing minivan
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607 Posts
We all already own shares, we just don't get the pleasure of having stock certificates.
 

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NONE
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As someone who lives in a socialist country, it is difficult to disagree with Hardley. :(
But I would love to be wrong.

In the UK, any industry that is sold off by the government and privatised, eg the rail network, suffers. Some things are better when government run (eg health care, under no circumstances do I want the US system, sorry).

But not auto companies, the UK tried that with British Leyland (later known as Rover when it went private) and it pretty much ruined it (although granted the unions were at least 50% at fault, which may sound familiar).

Auto companies need to remain private.
 

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2002 Seville STS F55, 2006 Mazda Miata
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22,408 Posts
Well, you could argue that railway is a service and not a product. Healthcare... you and I disagree but we probably shouldn't debate that in this thread. :)

Amtrak is a government service, however, and its flawed. Routes are inadequate, heavily subsidized, and not often on time. I still prefer the quiet and comfortable federal government trains to the privately owned (and federally regulated) airlines. Flying is faster, safer, and far less prone to delays but congested, stressful, and intrusive.
 

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2005 STS
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284 Posts
I think you'll find that the governments and the unions will sell their shares quickly, in the case of government, more than likely to pals and contributers to the party in power. I too, can't see the dealerships costing the company money, just a way to jack up the prices. The dealerships are the face of the company and supporters of their town's charities, minor sports as well as providing jobs. In a local town near me, population about 7500, they are closing the GM dealership, leaving only a Ford one. Closest GM 15 miles away, Ford dealer can't believe his good fortune, like winning the lottery. Sorry for the rant.

Doug
 

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77 CDV, 06 DTS III, 69 FWB
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As I understand it, the new GM won't be a publicly traded company again until next year sometime. Unless the government changes the rules midstream, which would be a total surprise.
 
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