GM STOCK HITS NEW LOWS, COMPANY IN TURMOIL

While I agree that most lawyers know shit about business, it's ridiculous to compare an MBA to an MD degree. At medical school people learn real skills that can be applied to saving lies. In an MBA program you learn fuck-all. I should know, I have an MBA as well, and I freely admit its useless bullshittery. Don't embarrass yourself. The only useful things I got out of my MBA program were the connections I made with my fellow students. The content of the actual education is fucking worthless. They should call it an MDA (Master of Douchebaggery Arts).

Only one thing matters in business: results. And having an MBA is pretty much irrelevant to gaining results, except for the connection part. Takes one to know one, bro.

Black folk rather drive an Infinity.
GM is done again.

Ford might not make very good cars but, man, do they have good trucks. Those things they call Super Duty are like a semi-truck with a shorter wheelbase. Crazy horsepower and unbelievable torque. There is no way that GM can keep up with a Super Duty. The Ram cab & chassis comes close but still not the same level.

Kudos to Ford for making such good trucks. If they were smart, they would get out of the business of manufacturing cars and stick with trucks and SUV's. They could have some Chinese company manufacture cars for them and then Ford could market them in the US at a nice profit.

If you were truly an MBA, you would not be putting down the degree. Maybe if you had paid attention in class you would have learned something. I learned plenty and applied those skills directly to my current position.

MD's are the most overrated professionals of any field. People who can't do calculus become doctors and lawyers. People who can do calculus become MBA's and engineers.

It's not my fault you didn't learn anything in B-school. Maybe you should have picked a better school or at least paid attention.

Quality at the Big Three took a big hit starting in the mid 70's when all the emissions controls BS started. They were never the same after that.

My wife has an MBA and makes a lot of money with it. I guess it boils down to how it is used. I bet Japan has a great MBA program, considering they beat us to economic failure by at least 15 years. Heck, even Trump stuck it to the Japs when they were trying to buy Manhattan.

Found this...

Chevy now made in China after our bailout!
Thread: Chevy now MADE in China

They make the same wages as Toyota. So you're wrong.

I think it was a lot earlier than the 70’s.

Back home in Germany, (early 60’s) my dad bought a Chevrolet Impala.

For many, the Impala was a viable alternative to Mercedes at that time.

The build quality was good and the car would go on for ever.

In the mid 60’s, the big 3 stopped selling American cars in Europe.

This “Trade embargo” goes on to this very day.

If you like to buy a Camaro or Mustang, it’s “single Import” only.

If you add all import duties and shipping, we pay almost double the price.

You think that’s ridicules?

As a European, we are not even allowed American made Wrangler jeans.

No joke.

This is to protect the Wrangler jobs in Poland.

All Wrangler Jeans in Europe come from Poland that is company policy.

If I like to get some American made Wrangler, I have to ask my US fiends to buy them for me and send them as a “Gift” to get past the customs.

My Chrysler Jeep is assembled in Graz (Austria), I would rather buy a Jeep assembled in Jefferson but again, I am not allowed.

So it’s not that we would not like to buy your products.

It’s you who don’t like us to have them.

ASSHWOLE! All we get is 30 wock with oric bowlin! frive niens my rigma!

I meant the auto industry in general. But I guess that was to much for you to comprehend.

The 1964 to 1973 era was the golden age of the US auto industry known as the muscle car era. Those were the best cars that the US ever produced. Too bad it had to end and we had to end up with underpowered garbage. You're definitely right about the Impala going forever. I didn't know that it was actually an alternative to a Mercedes. That's probably why my dad always used to talk so highly about that car. The US sure fucked things up, didn't they?

Interesting comments about trade restrictions in your country. Thanks for sharing. They are a real eye opener.

If you analyze the July 9, 2009 balance sheet of GM, and then compare it to the July 10, 2009 balance sheet of NewCo GM, it is obvious that GM exploited the fresh start bankrutcy accounting rules. GM has not reorganized its operations as claimed, they simply reorganized their accounting records hoping that the economy would rebound and bail their asses out.

What I don't get, is why the financial analysts buy into the bullshit and promote GM IPOs only for more people to get fucked. Every single one of them must be getting paid off, it is just not possible that so many people can be that fucking stupid.

Speaking of getting fucked, Facebook is worth about $1.60 per share.

What the fuck is wrong with everone in our financial markets? Granted, interconnted derivative dependent financial markets that operate in the shadows makes it easy to fuck people, but it dosn't take a genius to understand that this is not sustainable.

FYI. The next blow to the markets will be the Treasury Bond bubble busting. The demand for TBs (and probably MBS as well) has been manipulated through massive interest rate swap transactions with fixed income bonds embeded in them. Thus creating a demand for the bonds that really dosn't exist. The 10 yr Treasury is trading at 0% (net of inflation) despite the US gov's $1.5 trillion annual defict spending and an imminent credit event looming? Bull Shit!

The bailout of gm was nothing more than payback to the unions. everybody knows that. It was never meant to fix GM. GM will go bankrupt eventually and the media will not even mention the union payoff for getting barry elected.

The trade restrictions are NOT in our Country!

Your corporations decided we cannot buy your stuff.

No american pants for european Taliban.

Go figure..

The GM employee is just as guilty as any banker. Greedy fucking spot welders makin 40 bucks an hour. For a pc of shit product as well. I look forward to the day when it finally sinks. You fuckers are why jobs go to China. The taxpayer will never see their money again, if you think they will your part of the problem. We need to let this shitpile go out of business.
Fucking leftists would have us believe that 1.5% GDP is good. The same quarter we had $2.33 of debt for every dollar. That's not a sign of strength.

You fucking idgets at GM have been told by the public that your product sucks. No amount of crony marxo-fascist bullshit is going to change the fact that your product sucks.

so it basicly is owned by the tax payers now and didn't chevy move overseas? so who wants a new car?

But first they must create the environment for chaos.

They are doing it right.

I would like a new car since the whole nafta and Glass Stegal thing is old news.

Something funny I just saw on a Chevrolet commercial, they were saying that Chevrolet just had their best year ever last year. WTF? Exactly how is it that they are defining "best?" What a joke. GM is sitting on the verge of a second bankruptcy and their commercials are advertising a great year. What a bunch of bullshit.

Just who the fuck do you think owns the mainstream media ?