Bankrupt - General Motors

This didn't age well

Can we get a normal one please? I don’t like filters lol.

Someone remember the GM Coach & Truck División? (Greyhound Lines, Trailways, etc)

RIP Pontiac

Its all really just one big Saab story.

It's crazy how GM's reign lasted exactly a century. 🙃

At one point GM was spending more money on healthcare for its employees and retirees than it was on steel for vehicles

The people of America killed GM.. every jackass buys imports.

why can't us small businesses get billions of dollars in tax payer money?

I always loved GM vehicles, Chevrolet especially, seeing all of this shit they got into makes me feel awful. I hope they change for the better.

The bailout was disgusting. I can't believe the idiots actually gave them that much money. What a stupid Administration. Free market? Naw! Let's just buy out all the private companies and set up a monopoly for the government! Absolutely horrible

Gm makes junk

I love it when CEO's and exec's of big companies fuck up so bad the company has to be bailed out and still recieve multi million bonuses for essentially running the company into the ground. I'm looking at you CreditSuisse

What happened to our money (taxpayer)? Just puff? Gone?

There is a world…
where Holden still exists.
where NEVS is a succeeding brand.
where Pontiac stays instead of Buick for North America (Buick stays for China).
where Oldsmobile fills the gap left by Buick.
where Saturn succeeds under Penske and Renault.
where Daewoo is a serious competitor to Hyundai and Kia.

Tbh if I had been in that hearing and asked the questions I would've lost it. That guy was supposed to be the CEO, the guy in charge, the face of the company and he couldn't even answer a simple straight-up question. They went to the hearing to ask for money and upon being asked how much money they needed he couldn't answer. Unbelievable. As such based on the "answers" he gave there was literally zero confidence their business had any future under their current leadership. Sure some jobs were saved, but at what cost? Wouldn't a forced merger have made a lot more sense considering all domestic competitors were in the same boat anyway?

Sooooooo, GM being able to fund this years Le Mans campaign is a good thing?

That part posted when Wagner forgot how to speak and bumbled and made up numbers, I'd have shut him down right there. I don't have patience for stupidity. Should have come here with your ducks in a row. Apparently this isn't important, or you would have. I would have turned to the rest of the council in the middle of his sentence and said he doesn't have my vote, and walked away.

Private Jets aren't that bad of a cost when you pack it full & make everyone work during the flight 😂

Congratulations! The documentary is quite enjoyable. Maybe, there should have been more room for topics such as the competition from German and Japanese car makes; the buy-backs folly that went on at GM for many years; the birth of GMAC and the confused direction that white collars tried to give GM, just to avoid facing the dire reality...that they were not able to make cars as well as they once had used to.

GM as a company has always been an inefficient bohemoth that leaked money from every single pore of it's being, today is no different. The one that always sticks out so clearly to me is Opel/Vauxhall.

Brought by GM in the early 20th century, and made a loss every single year since 2001. GM publically stated it was a financial basketcase and couldnt be saved so they lost the will to try and sold it to Groupe PSA (now Stellantis) in 2017. PSA said, based on the information supplied by GM, they only expected to make a profit from it in a decade......they managed to turn it round to being profitable within 18 months. Within 3 years, they had dropped every GM platform and stopped paying licencing costs to them for their technology....it's now the second most profitable arm of the group. It was a very simple task in reality, PSA were not miracle workers; they just considered the problems and went to bat fixing them, something that GM never made a real effort to try. This inaction is something thats been apparent in every division they have.

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No surprise, when a company is runned by greedy ass shareholders that doesn't care about customers,

car companies destroyed by GM - Pontiac, Holden, Saturn, Beaumont and SAAB among others.

It’s interesting that the central tower of GM’s headquarters, the Renaissance Center, is a shiny cylinder shaped building just like the attraction they sponsor at Epcot under their Chevrolet brand, Test Track.

This is likely a coincidence as the Test Track building was designed in the late 1970s and opened in 1982 as The World of Motion which was sponsored by GM under the GM corporate name itself.

The Renaissance Center opened in 1977, but GM didn’t move into it until 1996.

The big three ruin brands. Just ask the Japanese companies that worked with them. Unfortunately the passenger car divisions of Isuzu and Suzuki didn't survive in the us and Mazda is slowly getting back on track.

Why was it so hard to get a lm actual answer out of GMs ceo like god damn!

If they hadn't flown in private jets they could've avoided bankruptcy

They will be bankrupt again in the next 3 years

watching some retired old white male talk to some younger pod person like a father trying to get the truth out of his four year old son.

goverment motors

My mother's favorite car is THE CORD

Laughlin Thomas Motors

GM will never be forgiven for killing Saab, Holden and nearly Opel and Vauxhall. Cost cutting may work in the US but a lack of quality is a killer in other markets.

more recent is Flybe an international airline

It's an old corporation expression. The business was too top heavy & ready tumble. Too many overpaid pen pushers .

So you build somewhat of a monopoly, then build overpriced, under quality vehicles that nobody can afford, then cry wolf to the government for a bail out?

I'm sitting here playing my video game and listening, I just wanna say, I can't begin to fathom the amount of money they are detailing in this video. cheers bsf, and all viewers.

Fuk GM

GM is still a good company

Gm still has a plant in flint...

@BrightSunFilms An Excellent episode as always, but I have a personal tie to this story that I wanted to share with you. The man brought in post Bankruptcy to rebuild as CEO and Chairman, who also made the decision to cut brands, was Edward Whitacre Jr. and the former CEO of Southwestern Bell Corporation and later AT&T, following the SBC purchase of AT&T and rebranding. I only bring this up, because his hiring was considered the "deal-making" detail of the government bailout according to CSPAN at the time and other records. Mr. Whitacre, as I know him, was a personal friend of my grandfather, who was lured away from San Antonio, TX to Detroit from his retirement to save GM. I don't know the man as a corporate executive, but as a child, I knew him as Mr. Whitacre from my grandfather's work Christmas parties or our family New Year's parties. My grandfather, J Patrick Brady, was the chief engineer at IBC Center in downtown San Antonio, where AT&T, then SBC, made its headquarters. He worked with Mr. Whitacre for 20+ years there.

GM - Gruesome Murderer - didn't just Kill Oldsmobile, Pontiac, Saturn, SAAB, and the EV1 Electric Car, GM Killed Americans, hundreds, simply because they could. It almost like GM hates the car business and lives the Killing business. Republican Capitalism.

Absolutely disgusting lol. Mark my words, I’ll never buy an American car again.

"Government Motors"

Mmm

Toyota ended Partnerships with GM for the same reasons customers stopped buying their vehicles. Low Quality, Poor Reliability and Inefficiency on a scale never seen before!

just remember GM cannnot chamge its strips... and appretight for finances of its leadership and its Unions..... Pure Evil...

They was way better vehicles before 2008. My family has owned a couple post 2008 and they aren’t good anymore. Plus in order to buy one now you have to ask yourself can you buy from a company that didn’t pay back the last 33% of their loan a.k.a. Bail out? I know I can’t.

Let GM get bankrupt a second time.