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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (442508)	12/24/2008 2:56:47 PM
From: tejek	Read Replies (1) \| Respond to of 1577024

Written by a GM loving guy: "The issue is not whether there can be a rescue at General Motors; the issue is whether the current management can save it. The record is not good. Since 1992, GM's U.S. market share has fallen steadily--from 34% that year to 19% in May. Many of GM's leading executives are from the finance side of the business, but the financial failures are numerous. The company wasted $2 billion on an investment in Fiat and many billions more on the Delphi (other-otc: DPHI.PK - news - people ) spin-off. Management also wrecked GMAC (nyse: GJM - news - people ), its car loan subsidiary, by lending mortgage money to people who could not pay it back." forbes.com

To: i-node who wrote (442508)	12/24/2008 3:11:34 PM
From: Alighieri	1 Recommendation Read Replies (2) \| Respond to of 1577024

Hyundai, which had the reputation of building the worst POS in existence, has been able to chip away at American car makers market share during a time when the American car had a far better reputation than Hyundai did. You have made my point...Huyndai today produces an outstanding car with the best warranty in the land and they charge a pretty penny for it. Look, you are just too ideologically inflexible to get the points I am making...or you get them, but won't yield. I have admitted on several occasions that the unions need to give back...I don't argue this point. When an industry is in distress, everyone needs to give back...management and workers. My argument however goes much further...even with these givebacks, over time Detroit has to lead, or they will continue to shrink, go far below critical mass and become unable to compete. That's entirely on the shoulders of leadership/management. Al