GM has officially exited Chapter 11 bankruptcy proceedings and what's left is what GM is now referring to as the "new" GM.
"Today marks a new beginning for General Motors, one that will allow every employee, including me, to get back to the business of designing, building and selling great cars and trucks and serving the needs of our customers," said Fritz Henderson, president and CEO. "We are deeply appreciative for the support we have received during this historic transformation, and we will work hard to repay this trust by building a successful new General Motors."
The new GM consists of four core brands: Cadillac, Buick, Chevrolet and GMC, which means a total of only 34 nameplates. Less GM models will allow GM to focus more attention on making each model more competitive. In addition the new GM has a more competitive cost structure, a cleaner balance sheet, and a stronger liquidity position that will enable GM to invest in new products, key technologies, and its future.
The U.S. Treasury department reportedly owns 60 percent of the new GM, while Canada holds 11.7% and the UAW holds 17.6%.
New GM to Focus on Customers, Cars and Culture
The New General Motors Company Launches Today
* GM gets back to the business of building great cars and trucks, serving customer needs
* New company created from GM's strongest assets
* Four core brands backed by the nation's largest and strongest dealer network
* Streamlined organization on a global basis for faster decisions, sharper focus on the customer
* Commitment to open communications
DETROIT - The new General Motors Company began operations today with a new corporate structure, a stronger balance sheet, and a renewed commitment to make the customer the center of everything the new GM does.
"Today marks a new beginning for General Motors, one that will allow every employee, including me, to get back to the business of designing, building and selling great cars and trucks and serving the needs of our customers," said Fritz Henderson, president and CEO. "We are deeply appreciative for the support we have received during this historic transformation, and we will work hard to repay this trust by building a successful new General Motors."
Created from the old GM's strongest operations in an asset sale approved by the bankruptcy court on July 5, the new GM is built on:
* Four core brands in the U.S. and the largest, strongest dealer network in the country,
* A fresh lineup of Chevrolet, Cadillac, Buick and GMC cars, trucks and crossovers, each with leading-edge designs and technologies that matter to both consumers and the environment,
* A competitive cost structure, a cleaner balance sheet, and a stronger liquidity position that will enable GM to invest in new products, key technologies, and its future.
* A winning culture focused on customers and products.
"One thing we have learned from the last 100 days is that GM can move quickly and decisively," said Henderson. "Today, we take the intensity, decisiveness and speed of the past several months and transfer it from the triage of the bankruptcy process to the creation and operation of a new General Motors.
"Business as usual is over at GM," said Henderson. "Today starts a new era for General Motors and everyone associated with the company. Going forward, the new General Motors is fully committed to listening to customers, responding to consumer and market trends, and empowering the people closest to the customer to make the decisions. Our goal is to build more of the cars, trucks, and crossovers that customers want, and to get them to market faster than ever before."
Committed to great cars and trucks
The new General Motors launches with a clear and simple vision - to design, build and sell the best vehicles in the world.
"A successful auto company needs to focus on both the cost and the revenue sides of the business," said Henderson. "Success on the revenue side means building the stylish, high-quality, fuel-efficient vehicles that customers want - and getting them to market fast."
Despite the recent downturn, GM has maintained its cadence of strong new products. In the U.S., for example, the Chevy Camaro has surged past its rivals to lead its segment, while the new Chevy Equinox, Cadillac SRX, and Buick LaCrosse are earning strong initial reviews. Later this year, the Cadillac CTS Sport Wagon and GMC Terrain debut, followed next year by the Chevy Volt, Chevy Cruze and Cadillac CTS Coupe.
This emphasis on great new products is also reflected in the Chevy Agile now launching in Latin America, in the Chevy Cruze and Buick Excelle in Asia Pacific, and in the new Opel Astra in Europe.
Just last month, GM announced its intention to build a new small car at a plant in Orion Township, Michigan, which will add to GM's growing portfolio of fuel-efficient cars and restore approximately 1,400 jobs.
GM also has moved aggressively to develop a full range of energy-saving technologies, including advanced internal combustion engines, biofuels, fuel cells, and hybrids. The company is also a leader in the development of extended-range electric vehicles, with its first model, the Chevy Volt, currently undergoing road testing and scheduled to launch in 2010. The new GM is also taking steps to make advanced battery development a core competency, and expects to make additional announcements on this matter late this summer.
"The success of our recent launches and the exciting new vehicles and technologies we have in the pipeline are evidence of our ongoing commitment to excel at everything we do," said Henderson. "Our goal is to make each and every General Motors car, truck and crossover the best-in-class."
Stronger brands and dealers
As part of its reinvention, the new GM has also focused its resources on four core brands and a stronger, more effective dealer network.
General Motors' core brands - Chevrolet, Cadillac, Buick and GMC - will have a total of just 34 U.S. nameplates by 2010. This emphasis on fewer, better entries will enable the new GM to put more resources into each nameplate, resulting in better products and stronger marketing.
In May, the company accelerated its dealer consolidation efforts, with the goal of reducing the number of GM dealers in the U.S. from 6,000 this spring to approximately 3,600 by the end of next year. Even so, GM will still have the largest dealer network in the U.S. and GM dealers have committed to continue to improve the total customer experience for GM customers.
"We're also working on new ways to make car buying more convenient for our customers, including an innovative new partnership with eBay in California to revolutionize how people buy vehicles online," Henderson said. "Customers will be able to bid on actual vehicles just like they do in an eBay auction, including the option of choosing a predetermined 'buy it now' price. We'll be testing this and other ideas with our dealers over the next few weeks, and hope to expand and build upon them in the coming months. In all cases, our goal is to make the shopping and buying process as easy as possible for GM customers - on their time and their terms. Stay tuned."
A pledge to regain trust and confidence
General Motors Company is primarily owned by the governments of the United States, Canada and Ontario, and by a trust fund providing medical benefits to UAW retirees. Specifically, common stock will be owned by:
* U.S. Department of the Treasury: 60.8 percent
* UAW Retiree Medical Benefits Trust: 17.5 percent
* Canada and Ontario governments: 11.7 percent
* The old GM: 10 percent
"We are very appreciative of the support provided by the stakeholders through the transformation process. Though General Motors Company will not initially be publicly traded, we will be transparent in our financial and other reporting to further strengthen trust and confidence," said Henderson. "We expect to take the company public again as soon as practical, starting next year, and to repay our government loans as soon as possible. We are required to pay off the loans by 2015, but our goal is to repay them much sooner."
Stronger balance sheet
General Motors Company launches with a strong balance sheet, a competitive cost structure, and a strong cash position, enabling it to compete more effectively with both its U.S. and foreign-based competitors here in the U.S., and to continue its strong presence in growing global markets.
The new company acquired old GM's strongest operations and will have a competitive operating cost structure, partly as a result of recent agreements with the United Auto Workers (UAW) and Canadian Auto Workers (CAW).
In the U.S., the new GM will be a far leaner company. By the end of 2010, the company will operate 34 assembly, powertrain, and stamping plants, down from 47 in 2008, and capacity utilization is expected to reach 100 percent during 2011. Overall U.S. employment will decline from about 91,000 at the end of 2008 to about 64,000 at the end of this year, creating a company sized to respond quickly to changes in the market, while still retaining the global scope necessary to develop world-class products and technologies.
The new GM will begin with a much stronger balance sheet, including U.S. debt of approximately $11 billion, which excludes preferred stock of $9 billion, and could change under fresh-start accounting. In total, obligations have been reduced by more than $40 billion, representing mostly unsecured debt and the VEBA trust fund that provides medical benefits to UAW retirees. The stronger balance sheet and lower break-even point will allow the new GM to reduce its risk, operate profitably at much lower volume levels, and reinvest in the business in the key areas of advanced technology and product development.
GM's subsidiaries outside the United States were acquired by the new company and are expected to continue to operate normally without any interruption.
A new way of doing business
With the launch of the new General Motors, company leaders will work to change the culture of the company, making the speed and decisiveness that GM demonstrated over the past several months the new way of doing business, and adding an intensified focus on the customer.
Edward E. Whitacre, Jr., who oversaw the creation of the new AT&T, will serve as chairman of a GM board with a number of new directors. Henderson will continue as president and chief executive officer, working closely with Whitacre. He also will take responsibility for GM's operations in North America, eliminating the GM North America president position.
To speed day-to-day decision-making, two senior leadership forums, the Automotive Strategy Board and Automotive Product Board, will be replaced by a single, smaller executive committee, which will meet more frequently and focus on business results, products, brands, and customers.
Bob Lutz has agreed to join the new GM as vice chairman responsible for all creative elements of products and customer relationships. Lutz and Tom Stephens, vice chairman, product development, will work together as a team, partnering with Ed Welburn, vice president of design, to guide all creative aspects of design. GM's brands, marketing, advertising, and communications will report to Lutz for consistent messaging and results. He will report to Henderson, and be part of the newly formed executive committee.
"I am pleased to announce that we are 'unretiring' Bob Lutz so he can fill this important position in the new GM," said Henderson. "He has a proven track record of unleashing creativity in the design and development of GM cars and trucks. This new role allows him to take that passion a step further, applying it to other parts of GM that connect directly with customers."
General Motors will also end its regional operating structure, moving decisions closer to the customer. This eliminates the regional president positions and the regional strategy boards. Nick Reilly will be named executive vice president of GM International Operations (GMIO) which will be based in Shanghai.
GM is also removing layers of management - reducing the number of U.S. executives by 35 percent and overall U.S. salaried employment by 20 percent by the end of this year - flattening the organization and speeding decision making.
Additional details of the new structure and leadership moves will be communicated later this month, said Henderson. "These and other actions will simplify our organizational structure and reduce the level of bureaucracy that, in the past, has prevented GM from moving faster."
More direct communications
Henderson also announced initiatives to open more direct communications between customers and GM employees at every level. "Beginning next week, we will launch a 'Tell Fritz' website where customers, or anyone else, can share ideas, concerns, and suggestions directly with senior management. I will personally review and respond to some of these communications every day."
Henderson and other General Motors leaders will go on the road regularly to meet with consumers and others with a stake in the new GM. "In August, we'll begin regular visits with customers, dealers, suppliers, employees and others - in the U.S. and abroad - who impact our relationships with customers. We'll be listening to their ideas, and acting on the ones that will improve our ability to serve our customers better. And of course, other executives and I will continue to reach out to customers through our ongoing web and Twitter chats.
"Today we launch the new General Motors, and our promise is simple. We will be profitable, we will repay our loans as soon as possible, and our cars and trucks will be among the best in the world," said Henderson. "We recognize that we've been given a rare second chance at GM, and we are very grateful for that. And we appreciate the fact that we now have the tools to get the job done.
"To our current customers, we appreciate the confidence that you have placed in us, and going forward, we'll offer you nothing less than great cars, trucks and crossovers, with unmatched customer service. To those who have supported us through this challenging time, we are deeply grateful," said Henderson. "And to those who have never tried a GM vehicle - or who have tried one and been disappointed - we look forward to the chance to win your business and earn your trust."
# # #
About General Motors: General Motors Company, one of the world's largest automakers, traces its roots back to 1908. With its global headquarters in Detroit, GM employs 235,000 people in every major region of the world and does business in some 140 countries. GM and its strategic partners produce cars and trucks in 34 countries, and sell and service these vehicles through the following brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, Opel, Vauxhall and Wuling. GM's largest national market is the United States, followed by China, Brazil, the United Kingdom, Canada, Russia and Germany. GM's OnStar subsidiary is the industry leader in vehicle safety, security and information services. General Motors Company acquired operations from General Motors Corporation on July 10, 2009, and references to prior periods in this and other press materials refer to operations of the old General Motors Corporation. More information on the new General Motors Company can be found at www.gm.com.
Comments (31)
So what. GM dumps the parts of the old GM that it couldn't deal with and forms a 'new' GM with the good parts. It screws about every investor over in the process, kills any pending lawsuits, and now everything is all smilely and cheery? Nope. Any respect I had for GM went with the baggage dumped in forming the new GM.
Posted by bob | July 10, 2009 9:36 AM
Posted on July 10, 2009 09:36
i still say that they will be dead in 10 years time
the gov shouldn't be running this company i will not buy from them while the government has ownership in this company so i will buy ford
Posted by 78lancergt | July 10, 2009 9:54 AM
Posted on July 10, 2009 09:54
Buy Ford, Honda, Toyota or anything but GM.
GM can rot in hell.
Posted by zippy | July 10, 2009 10:14 AM
Posted on July 10, 2009 10:14
Great now the government has their grubby fingers on something else they should not...way to expand government...the more you give the more they will take. Forget GM, old or new. They will only collapse in a few years any how, just like any other program run by the government. Now every body is happy and guess who gets to pick up the tab...the American people. Goooood job. I wonder what it will take for people to open their eyes, instead of blindly plunging into their own demise.
Posted by Deez | July 10, 2009 11:37 AM
Posted on July 10, 2009 11:37
"NEW" ... just a freaking marketing scheme....
invest in a dead company(GM) instead of investing in a good one (FORD), what a bright idea.....
what would FORD or any other company do with 50 Billions?
Posted by JeTTTo | July 10, 2009 12:05 PM
Posted on July 10, 2009 12:05
Interesting to see all the hate here for GM especially when 60% of it is YOUR MONEY.
Give them a break, at least they are still employing Americans, and Canadians and like it or not a very active part of the economy.
I respect FORD for not borrowing money from the government and for finally realizing that change was needed and doing something about it.
So give them a break, after all, it is YOUR MONEY.
Posted by Mazda6 Guy | July 10, 2009 12:23 PM
Posted on July 10, 2009 12:23
With an endless supply of taxpayer money I'm affraid it will make them less productive. Lots of waste and fraud in gov't run programs.
Posted by Peter | July 10, 2009 12:30 PM
Posted on July 10, 2009 12:30
Although bailing out GM is hardly the ideal situation, the alternative is much less desirable. There can be waste and fraud anywhere, even in a "free" market. Just take a look at Wallstreet. There's a classic case of things gone amok because of deregulation of laws and practices. Just because the government is taking a more proactive place in the economy doesn't mean it will necessarily be a bad thing.
People who are against the government regulating things "just because" doesn't really know that much about basic economics 101.
Posted by Paranoyd | July 10, 2009 1:37 PM
Posted on July 10, 2009 13:37
Lots of misconceptions here.
First - Ford will be doing this same thing sometime next year. They are still on the downhill side, and will be even worse off than GM or Chrysler in their bankruptcy since Ford doesn't actually OWN anything anymore...they sold it all in order to generate the massive stockpile of cash they are living on right now. So where they are going to find "good assets" to sell I am not sure. Not that I have any more issues with Ford...I admire them greatly for finally doing what GM started doing five years ago - building great cars, and they are an American company that has been there through it all...but don't get the idea that they are going to make it through this unscathed. They are simply able to push it off longer.
Second - Both Toyota and Honda have been subsidized by their government for decades now. So do you propose buying your vehicles from the Japanese government to spite the US government? I'm not a fan of the US government AT ALL...but i'll take it ANY DAY over what Japan has.
Posted by Kevin | July 10, 2009 2:34 PM
Posted on July 10, 2009 14:34
Lots of misconceptions here.
First - Ford will be doing this same thing sometime next year. They are still on the downhill side, and will be even worse off than GM or Chrysler in their bankruptcy since Ford doesn't actually OWN anything anymore...they sold it all in order to generate the massive stockpile of cash they are living on right now. So where they are going to find "good assets" to sell I am not sure. Not that I have any more issues with Ford...I admire them greatly for finally doing what GM started doing five years ago - building great cars, and they are an American company that has been there through it all...but don't get the idea that they are going to make it through this unscathed. They are simply able to push it off longer.
Second - Both Toyota and Honda have been subsidized by their government for decades now. So do you propose buying your vehicles from the Japanese government to spite the US government? I'm not a fan of the US government AT ALL...but i'll take it ANY DAY over what Japan has.
Posted by Kevin | July 10, 2009 2:35 PM
Posted on July 10, 2009 14:35
Do you really think the Govt. wanted to do this? Of course they didn't BUT THEY HAD TO DO IT for the good of the Nation. Just as with Chrysler there is too much at stake to let both businesses go to the wall. The interesting thing now is how long can Ford keep going with the same labor cost structures that caused most of the problem at GM and Chrysler?
The Japanese manufacturers would not have set up US manufacture if they had been forced to yield to the UAW pay demands that were in place at the time.
Support foreign brands and you ship most of your money overseas.
Posted by Boris | July 10, 2009 2:41 PM
Posted on July 10, 2009 14:41
@Kevin
you say Ford will be doing this sometime next year???
They very well could be, and its because the government will continue to let GM and Chrysler "give" cars away at rediculous prices since they have a much deeper wallet than Ford, they are trying to break Ford down and MAKE them take gov funding so they can tell Ford what to do too!! talk about a conspiracy! i agree that the government should have bailed out GM because this country can't afford to have a company of that size go under, but at least make it a level playing field so the companies that did the right thing can prosper, and continue to improve on their own like Ford.
Posted by Phil | July 10, 2009 3:08 PM
Posted on July 10, 2009 15:08
@Phil
Wow...let's not try to cover up the fact that well after GM started to "pull-up hard" and take a sharply corrected path (albeit way too late) before bankruptcy, Ford continued turning out the same uninspired junk (i.e. the first Fusion and the thankfully short lived Five Hundred) that had been screwing them for more than a decade. It wasn't until just last year that we started to see some real promise from Ford's upcoming mid-size products. At that time GM already had the new Malibu, G8, and CTS on dealer lots.
See Ford WAS in far worse condition than GM when it made the incredibly gutsy decision to sell of all it's assets in trade for cash and lease everything instead. Some saw it as ingenious at the time, but others saw the danger - if the market ever collapsed, they'd be screwed. Well here we are, collapsed market, GM and Chrysler on a lifeline, and Ford steaming slowly but steadily toward that looming iceberg. I have no doubt that Ford will make it through somehow...since the government has shown that it will save the automakers at ANY cost...but it will likely be far more painful than either Chrysler or GM's bankruptcy since both those companies actually had some positive assets to work with. Since Ford doesn't actually OWN anything, i'm not sure where positive equity will come from.
Basically, there is no conspiracy here only because there's no opportunity for one. If there were, i'm sure we could find one.
Posted by Kevin | July 10, 2009 5:00 PM
Posted on July 10, 2009 17:00
I will never buy anything from GM and Chrysler ever again. I will only consider Ford or Japanese brands.
Posted by CarGrinch | July 10, 2009 9:16 PM
Posted on July 10, 2009 21:16
Hello new GM. Now go die in a fire.
-Consumers.
Posted by boo | July 10, 2009 10:46 PM
Posted on July 10, 2009 22:46
Anyone who says they won't buy GM by will buy Toyota and/or Honda is a hypocrite. The only difference is GM publicly asked for government money vs Toyota and Honda which get Japan's money behind closed doors so they can appear that they aren't government supported.
Likewise, the same people that say, "I won't buy GM/Chrysler" are the same people who complain about not getting their money back. The only way GM and Chrysler can repay the government and the government can sell their stake is by those companies succeeding. It is also still no where near as bad as the financial sector. Anybody watch 20/20 last night? It was rather informative with regards to misconceptions.
And thankfully with Lutz back, the G8 is coming back which many agree is a fantastic car. It is apparently going to be the Chevy Caprice. Alpha looks like a real possibility. Also, it turns out marketing was making a lot of decisions vs engineers and developers. With Lutz heading up marketing and stopping the marketing based engineering decisions, like holding back engines and no nav in certain cars, and Henderson cutting the red tape, hopefully they can turn things around. Props to Henderson as well for realizing he is not a car guy but a finance guy and getting Lutz to un-retire. He also was key it getting them through bankruptcy faster then anyone thought possible.
Posted by Avatar | July 11, 2009 5:06 AM
Posted on July 11, 2009 05:06
The economy has to improve for them to sale more cars. They can build the perfect car but there are few people right now in the buying mode for a new car. The execs came on tv saying they are going push their employees to work harder and faster. As an union employee, I know what happens when you tell a senior union worker to work harder and faster. Not going to happen. I got surrounded by senior union employees and union stewarts threatening my job when my productivity was higher than theirs claiming I was working unsafely at that productivity.
Posted by Peter | July 11, 2009 8:16 AM
Posted on July 11, 2009 08:16
@Paranoyd:
Am Trak and US postal service are example of what government management gets you. Just look at our national dept the government knows nothing about running a company or managing a budget. They give us that illusion from a seamlessly endless supply of loans and tax payer contributions. As such we are now the most in debt nation in the world.
Next the will start making cars Obama wants you drive, not what you want to drive. This will be an epic failure.
Posted by RX-7 Guy | July 11, 2009 8:50 AM
Posted on July 11, 2009 08:50
I am _sure_ the investors are lining up to invest their money in the "new" GM. Especially since it will be so wildly successful.
Posted by Icester | July 11, 2009 9:28 AM
Posted on July 11, 2009 09:28
Just die will yah GM? I'm not buying from you no matter what. You will have the same customers as usual, but not me and the rest.
Same customers, same old story. Same story in 5 years.
Posted by BigBoy | July 11, 2009 2:37 PM
Posted on July 11, 2009 14:37
@BigBoy
I don't think GM is devastated to learn that they will not be gaining you and other import fanboys as customers. There are plenty of others that have been and will be trading up their Camrys and Accords for Malibus. They'll be just fine without you.
Posted by Kevin | July 12, 2009 9:39 AM
Posted on July 12, 2009 09:39
@Kevin
I thought I heard this 10 years ago. Its a shame that nothing has changed over those years and that led GM into bankcruptcy. I'm pretty sure I'm one of the reason why they couldn't sell enough cars/trucks and I'm pretty sure it's gonna be the same story all over again. Maybe if they start selling their cars at $10K they will make some profit and gain some customers. Their cars won't worth more than $10K to me. I can't blame you man, there is nothing wrong with hoping for the best. Good thing I'm not in that situation.
Posted by BigBoy | July 12, 2009 9:25 PM
Posted on July 12, 2009 21:25
@Kevin
I thought I heard this 10 years ago. Its a shame that nothing has changed over those years and that led GM into bankcruptcy. I'm pretty sure I'm one of the reason why they couldn't sell enough cars/trucks and I'm pretty sure it's gonna be the same story all over again. Maybe if they start selling their cars at $10K they will make some profit and gain some customers. Their cars won't worth more than $10K to me. I can't blame you man, there is nothing wrong with hoping for the best. Good thing I'm not in that situation.
Posted by BigBoy | July 12, 2009 9:28 PM
Posted on July 12, 2009 21:28
Wait, did I just read, "I'm pretty sure I'm one of the reason why they couldn't sell enough cars/trucks"? Little big for your bridges their, aren't we BigBoy?
Allow me to correct, "I'm pretty sure the market tanked and only a few auto makers (Hyundai and Subaru come to mind) are actually gaining ground/doing well in this market." Your precious imports are bleeding cash much faster then the big 3, and they have been getting help from Japan for years.
Next misconception, who was it that made 'the truck that's changing everything' when gas prices spiked? Wasn't GM, Ford, and/or Chrysler all three of which had an established truck following and still selling them in droves. And then who was it that rushed it to market and had issues with snapping cam shafts and cranks? And finally, which 'green company' makes the truck with the worst gas mileage? Then the other import company makes a uni-body truck because its 'lighter and better for gas mileage'. Yet it ends up weighing not much less then full sized BOF trucks with a v-6 that makes a lot less power and gets the basically same gas mileage as a v-8? I wouldn't pay 5k for either of those 'trucks'.
Posted by Avatar | July 13, 2009 6:56 AM
Posted on July 13, 2009 06:56
@BigBoy
See the problem is that you are still living in the past (about 10 years ago as you note), where Japan did actually make better cars than America. Well this is not 1999, and these days America makes the better cars. The funny part is that alot of Americans are still ignorant to that fact, much like you. These days it's the American cars that are running with 200k+ miles and the imports breaking in the first years (like my mother's 2007 Accord EX that needed a new transmission at 19k miles). New Hondas and Toyotas aren't even worth $10k to me. If you gave me a brand new Camry, i'd sell it for $10k and put a down payment on a new Malibu. Well in all reality it would probably be a Cadillac...but I wanted to use an example that only one-ups the Camry, not one that totally embarasses it. With import quality dropping and domestic quality ruling the rankings, it's Japan's automakers that were "hoping for the best" with GM and Chrysler in bad shape and Ford on it's way...I wouldn't want to be in that situation, no way.
Feel free to join the 21st century...we're all waiting.
Posted by Kevin | July 13, 2009 1:06 PM
Posted on July 13, 2009 13:06
Let's see if any of your beloved American companies gain some customers (new customers, not the same people who eventually led these companies to bankcruptcy) this time around. And please, save your stats for someone else. Its what I see out there and not on paper.
Like I said, Japan don't need to hope; they are not the one that went into bankcrupty and with decades after decades of bad sales.
Talk is cheap, lets see some American craps out there first.
I have a feeling its the same story again.
I bet in ten days, there would be another bad news for your beloved American crap.
I can't wait to post on the next article about the failing American companies.
Posted by BigBoy | July 13, 2009 6:38 PM
Posted on July 13, 2009 18:38
If you want to put down Americans, you're going to have to learn basic grammar skills...we speak english here.
And for God's sake, learn your facts. Toyota and Honda have received far more cash from their government in their lives than GM and Chrysler combined.
I can't wait to post about the next broken Tundra or Accord. See you in an hour.
Posted by Kevin | July 13, 2009 7:00 PM
Posted on July 13, 2009 19:00
Ah, Mr. Facts again. Grammar? What for? It seems to be working fine, you're getting annoyed just by reading my post don't you?
Craps in the beginning, craps since and crap for more to come.
Lol, Tundra and Accords? Uh, aren't they made in the USA? I'm not surprised at all.
Calm down, don't shoot me yet.
Posted by Bigboy | July 13, 2009 7:49 PM
Posted on July 13, 2009 19:49
Here is a nice 'fact' for you Bigboy. In 2001, Toyota got slammed with a class action lawsuit for 4 million different vehicles, for engine sludge covering model years 1997-2002. Models were the Camry, Solara, Avalon, Celica, Highlander, ES300, and RX300. Last I checked, during that time period, just about all those were assembled outside the US, minus Avalon which was US only. And the drive trains didn't come from the US, that's for sure.
Posted by Avatar | July 13, 2009 9:55 PM
Posted on July 13, 2009 21:55
Ah, Mr. Facts #2.
Geez, more facts? An yet, people keep buying the imports over the Americans. I'll let you live with your facts if that makes you feel better. In the end, its whats out there on the road. We will see. Let's give these American craps another 10 years to prove itself. Good luck.
Posted by BigBoy | July 14, 2009 5:37 AM
Posted on July 14, 2009 05:37
Lol, I am sorry that I can state facts and you can only seem to say the word 'crap' and 'years'.
Posted by Avatar | July 14, 2009 7:04 AM
Posted on July 14, 2009 07:04