GM Chairman Ed Whitacre Named Permanent CEO

Hope that works out, but my personal observation is, that GM still hasn’t learned a basic lesson about the auto business today……that basically car prices have outstripped income, and people can no longer afford them.
Housing isn’t much different, which is precisely why there have been few taking advantage of the tax credits for buying a house…..they cannot get financed, even with the tax credits.
Remember, GM, sending production, out of the country, costs American jobs, and without those jobs, people have no money, to buy the cars.
It seems Corporate America can’t get a handle on that concept.

Dear Rick, I had just wanted to comment on what you wrote about GM sending production out of America. Every car that General Motors sells, inside America with the exception of 2 models of Chevrolet, that are built in Canada, and the Chevy HHR, and Avalanche which are built in Mexico, are all built right here in the United States. Look this up, if you don’t believe me. In all fairness to GM and other American companies, they have been forced to expand in other countries such as China, because of the advent of free-trade which kicked into high gear in the early 1990′s. General Motors is the #1 selling brand in China. They outsell all of the Asian makes there. GM has really made strides in their quality since the 1980′s when they put out alot of garbage. I have been a GM tech for almost 14 years, and I think that if you gave them a try you might surprise yourself. I will stake my reputation as a mechanic on this. The UAW has made serious concessions in the last 5 years, and as far as prices are concerned I promise if you go to GM.com and compare prices that inmost cases GM will win. GM is actually in the process of retooling a factory right here in Michigan to build the new Chevy Spark, and Aveo, instead of importing from China which was said in the media. As of right now I assure you that GM does not import any vehicles from Asia to sell in the United States. We Americans desperately depend on GM for precious jobs in which we are losing because of people no longer buying American.

Yes many CEO’s like whiticre get Millions in cost saving bonuses by Outsourcing American Jobs. Many millions of Jobs left the country over the last few years. Call centers Jobs, Marketing,engineering and sales jobs leave the country for places like India, Manila, Mumbai, Bangladesh, and china. The business jet market for the top 5 in a company will not make many jobs. For every job created by the top 1% in corporate america spending the millions in cost saving bonuses 1000 will be lost by Outsourcing American Jobs.

Today, I heard on the news of the number of foreign car that maybe competition for our big three. I hope that we remember those loyal retiree, employees and great quality for future success. History has built been a part of our future success and with the down fall of the many 401k’s how will the new generations prepare for their future? I am afaid that the poor health care for your salary has sent a message to the generations of employees and customers. I agree, that all of your customer service, engineering and other jobs were sent over seas has also hurt the corporation. Now, these very countries are becoming your future competitions with their car lines.

The streamlining of international trade process was made available to simplify information and data access for SMEs in order to conduct their international trade.

In recent years China has thrived so robustly and has been named as the ‘World’s factory’ because of its high production and low labor cost. It seems to be a trend now to import goods from China.