Will the new GM be as pathetic as the new GMAC?
Another reason to dislike GM?
Not that long ago, but before the gas price boom of 2008, GM's Bob Lutz stated that GM could have used a fraction of one year's marketing budget to produce a Toyota Prius competitor. Instead, GM invested that money into ads promoting its latest round of gas guzzlers as Toyota went onto sell more than 1,000,000 Prius hybrids and counting.
Today, GM's largest shareholder is the government, via the US taxpayer, and the government has vowed to put $50 billion more into the new GM beyond the many billions it put into GM to save the automaker from bankruptcy. Hopefully, this time, GM is smarter about the way it spends money.
But, if the new GM is like the new GMAC, also known as Ally Bank, I think it might be time for liquidation.
The new Ally Bank commercials portray Ally Bank as this fair, new bank, unlike all the other banks that screwed over customers and then needed massive bailout money. Unfortunately, however, Ally Bank is GMAC, the same financial unit of GM that received some $20 billion from the US government to keep the doors open.
This is the kind of of company - the kind of ethics - that the government is going to invest, ultimately, almost $100 billion into?
Labels: GM, toyota prius
posted by Dahcredyns at
11:20 AM
6 Comments:
Please, your getting logical and rational on me ! ha
I dont wanna see the truths or I would move from this tiny asteroid far far away before it implodes with greed, selfishness, manipulation of the masses and religious tyranny to keep peoples minds closed and their pocketbooks open
waaaaaaa:(
arrrrr!!! that damn series of commercials was really starting to get on my nerves. then to find out it's GMAC in sheep's clothes.
well, needless to say, i got a little hot under the collar!
Good news would be if this fake bankruptcy goes past July 10th, then GM would be able to go into a real bankruptcy, as the US Treasury promised to withdraw funding. Then GM could reorganize into a company and have a real chance. So everyone pray this fake bankrupcy draws into the end of next week. Once the Government gets it clutches out of GM's neck, they could have a chance to make it.
Oh, so that's who is behind these darn commercials! I hate them!
julie-
do you think the government is really serious about the july 10 date, or is the government just bluffing in an attempt to force its desired outcome?
i know the public is very much against the government's handling of GM. still, after all it has invested, i find it hard to believe the government would just walk away after july 10.
regardless, there has been a lot of talk about how most of the same corporate culture is still intact at GM. the marketing behind these commercials seems to indicate that nothing has changed. gm, it often seems, seems to invest more marketing into perception rather than reality.
i've been trying to be open minded to the government's handling of the GM restructuring, but this commercial has made it very hard for me to believe that gm is really ready to change.
I could never stand those "green car of the year" ads for the Tahoe Hybrid from 2008.
What a waste of money.....
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