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Hugh Hewitt: GM's "Plan"
Townhall.com Blog's TownHall Blog — ... I read it looking for the names of the plants that would close and those that would stay open, and which plants would make which vehicles --data which isn't in the "plan." How in the world does GM expect a group of politicians to spend billions on a plan that might turn aorund and close huge job providers in their backyards? It is hard to be transparent, but it is completely foolish to expect the public and the Congress to sign off on a 37 page head-fake. More anaylsis here and ...

Hugh Hewitt: GM's "Plan"
Hugh Hewitt's TownHall Blog — ... I read it looking for the names of the plants that would close and those that would stay open, and which plants would make which vehicles --data which isn't in the "plan." How in the world does GM expect a group of politicians to spend billions on a plan that might turn aorund and close huge job providers in their backyards? It is hard to be transparent, but it is completely foolish to expect the public and the Congress to sign off on a 37 page head-fake. More anaylsis here and ...

Why GM is doomed
Michelle Malkin — Forward this to your congressional reps ASAP. Excerpt: As for the meat and potatoes of the actual proposed restructuring, GM gives a good effort. It projects the U.S. auto industry supporting 12 million new cars in 2009 and 13.5 million in 2010. Not unreasonable. And GM makes the right noises about cost reductions with “wages and benefits fully competitive with Toyota by 2012.” But the restructuring plan comes up short on the most fundamental question. Will this company actually make money? …And nowhere in the document does GM lay out, year by year, its own projected market ...

Business plan or propaganda?
Hot Air » Top Picks — ... Evan Newmark has seen the latest business plan from GM, a requirement for their bailout request, and he’s confused .  The Wall Street Journal columnist knows this is a business plan because that’s what GM calls it, but it’s missing a few details … like how they intend to turn a profit.  This entry would flunk BusMgmt 101, and not just for ignoring the bottom line (via ...

Domestic Automakers Go Hat In Hand For Bailout
A Blog For All — ... jobs. Let's just ignore the part about the competitive imbalance between GM, Ford and Chrysler and how Honda, BMW, Toyota, and other foreign automakers are able to produce high quality vehicles at a fraction of the cost of the smallish three because union jobs don't sap the bottom line, they don't have the overhead of maintaining thousands of showrooms for products that aren't moving, and that the other automakers have managed to hold their own in the downturn in the market. GM's proposals wouldn't even pass basic MBA accounting 101 . They lack the basic details that show that ...

What the Speaker Knows
Neptunus Lex — ... But if the Big 3 were going to innovate their way out of the red, they would have done so already. The $34 billion they’re asking for will not by itself make the companies more competitive, it is designed to “bridge” the companies over their current hardships - precisely what Chapter 11 was designed to do. And precisely what the “plan” currently being offered by auto industry executives in return for that lucre will probably ...

I Don't Want My Money in GM
blonde sagacity — GM has submitted their restructuring plan to Congress and there is a great WSJ article you can read for the Cliff Notes: "If you’re a U.S. taxpayer you ought to read GM’s “Restructuring Plan for Long-Term Viability.” By the end of next year, you’ll own a good chunk of this company, so you might as well familiarize yourself with what’s going on there. ...nowhere in the document does GM lay out, year by year, its own projected market share. This is perhaps the most critical part of any business plan. The kind of thing you learn in the first ...