12-12-2008, 03:41 PM
karsen wrote:
[quote=Dakota]
GMs problem is that people aren't buying their cars. Why not give the money to the people who want to buy GM cars instead of giving them to GM and not knowing with they do with it? If I got a $10000 voucher, which will get me a new Cobalt for practically free, I would be on my way right now. $15b will sell 1.5 million cars.
Not true. Look at stats. In 2007 GM sold 9,369,524 vehicles, up 3% from the previous year. Due to labor costs and inefficiencies in the manufacturing process it costs GM approximately $2000 more to produce a vehicle than it does for Honda or Toyota. GM either has to sell an inferior vehicle or cut costs to be on par with the competition. Handing them billions of dollars isn't the answer.
I agree with you on the cost issue but you can't tell me that GM's dealers are buzzing with customers. They are not. In fact, all this bankruptcy talks started with the financial collapse and of course gas prices.