Quotes of the Day
Email"Storm the banks!" — Protestors in London’s financial district, not far from G-20 meetings
"There are very real differences between the United States and Russia, and I have no interest in papering those over. But there are also a set of common interests…I think there’s great potential for concerted action and that’s what I think we’ll be pursuing. A good place to start will be the issue of nuclear proliferation." — President Obama
“The world expects that we will speed up the reform of the international financial system and rebuild, together, a better-regulated form of capitalism with a greater sense of morality and solidarity. This is a precondition for mobilizing the global economy and achieving sustainable growth. This crisis is not a crisis of capitalism but the breakdown of a system that drifted away from capitalism’s most fundamental values.” –French President Nicolas Sarkozy, in an op-ed in today’s Washington Post
"We need to reinvent General Motors, and we need to do it in a very, very abbreviated time frame here in 2009 so that we’re not spending our time careening from crisis to crisis in the future.” — GM’s new CEO Fritz Henderson.
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“We need to reinvent General Motors, and we need to do it in a very, very abbreviated time frame here in 2009 so that we’re not spending our time careening from crisis to crisis in the future.” — GM’s new CEO Fritz Henderson.
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58 days left, or you are next, Fritz, says Pb0.
Posted by: two cats | April 1, 2009, 2:06 pm 2:06 pm
Apparently, the protestors didn’t get the ‘co-operation’ memo either.
Posted by: high hopes | April 1, 2009, 2:49 pm 2:49 pm
Perhaps combining the quotes will give a better view of the GM dilema. GM needs a greater sense of morality and responsibility to its costumer.
For years the japanese automakers have done mean-time between failure analysis, worst-case condition studies, accumulated tolerances studies and, MOST IMPORTANT, have implemented them in their designs and manufacturing practices.
I have spend over 20 years of my life in the car business and I know that while the Detroit engineers have been doing their homework, the marketing and financial execs in the automakers corporations, who have been running these companies, have ignored the reliability issues because ” you can’t see them, you can’t sell them and they costs money” attitudes.
The automakers need to get back to sound engineering implemented in a reliable manner, and that won’t happen with P.T. Barmums or jelly bean counters Harvard MBAs but it can happen in an engineering led company with a social conscience and a sense of responsibility to its clientel.
Posted by: grewaconscience | April 1, 2009, 4:48 pm 4:48 pm