1) agree for bail ONLY IF govt has full control over GM (remove the current mngt) with better mngt governance & transparency etc
2) GM to build cars that consumer need – efficient & practical
3) focus on transport technology (not just car technology) identify creative ways to improve transportaion sys that minimizes cost & improve efficiency
4) propose to govt to modify the business of GM to build national interest vehicles (eg : trains, buses, trams etc as an alternative mode transportation for the general public at a long term)

point 3 & 4 was very interesting, i wonder if proton can actually modify their nature of business to build alternative transportation vehicles (other than cars). as we wonder how relevant are cars will be in next 10, 20 years?

at this point i think its even better to declare bankruptcy and use the money to compensate the workers. until a foreign car company buys over the facilities and provides jobs for the locals. i think hyundai would fit the bill just right. but then again if i was hyundai i wouldnt buy in unless its economically viable.

unsustainable companies like gm ,ford and proton need to be shutdown.

November 21, 2008 @ 4:10 pm

you better go away from malaysia lah alpina.
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you go away la bahasa melayu power

November 20, 2008 @ 9:10 pm

GM, FORD and CHRYSLER should just close down for the good of USA. These sick companies are never ending blood drainer. Let them have lethal injection and go to sleep once and for all.

Same with PROTON, should pack and close down. Although 2000 will loose job but this will certainly protect 20 million tax payers’ pockets.
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u do know its usa fault that toyota and honda are the great powers now. without gm, ford or chyrsler, there would be no mustangs, corvettes, camaros, hummers and definitely no transformers.

yea, proton should totally close down. it give this country a bad image. its so bad now that the foreigners think that vietnam is much richer than us. they look at the roads, they don’t care if we have the tallest twin condoms in the world.

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Same with PROTON, should pack and close down. Although 2000 will loose job but this will certainly protect 20 million tax payers’ pockets.

super power GM can fall but funny how come malaysia Proton not yet .
coz there have many slave n idiot monopolize way whit a easy way only for there own gov whit a race to control there gov politics , but there dont realise that there ar killing then own country man by the long run if the no certain ethnic to help , do u think what there will B!
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if you did enough research, you will probably find the answer yourself. and no, i dont think proton is in any way near collapsing at all at this moment in time. sorry to disappoint you..

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well said.. i think what most people fail to see is, if the big 3 fall, the rest of the us economy goes with them.. it could mean the end of the US being an industrial power.. it doesn’t mean people will only stop buying cars from the big 3, no one in the US will have money to buy any car whatsoever, and as jagermeister said, that will have a ripple affect on the other manufacturers who depend so much on the US market… people like toyota, honda, bmw, VW…etc.etc. etc.

Few weeks back, when Lehman Brothers, Merrill Lynch, AIG etc went under, some uninformed people here in Asia thought, its just an American issue. Now few thousand DBS staff in Singapore are jobless, few thousand Hong Kong investors have their lifetime investment turn into Vapor, Temasek’s investment into Lehman and Meryll Lynch are vapor…StatisChipac and few other component makers in Ulu Klang and Penang are retrenching hundreds if not thousands and so on. Heck, even some England big football clubs are going bankrupt. It all started in Wall Street, the effect is felt globally.

If I was a farmer in a closed-economy country like Cuba, I wouldn’t be worried. But, Malaysia…like Singapore and other ASEAN neighbors, our economy is driven by FDI. FDI shrinks, our economy shrinks too and people will be jobless.

Its not only about the big 3, its bigger than that. If one assumes, well if GM,Ford,Chrsyler falls, so what? Toyota and Honda will be rich, people will buy more Honda.

Wrong. If 3 companies collapse, their supplier, 3 million people are jobless, people will have less money to buy everything, including cheaper and fuel efficient Honda’s and Toyota and when Jap cars sales falls, if their sales falls too, they will end up having to layoff people.

The auto industry is more than fast cars and engines.

UAW workers are known to make 50USD/hr. That’s the pay for blue collar job for GM, Ford and Chrysler. That’s not counting the millions they have to give to Medicare, Social Security, 401k plans and god knows what else. For years they have been complacent producing gas guzzling behemoths and ignored the Kyoto protocol. Bigger is better-No replacement for displacement– they actually lived by these principles.

This is payback time. Karma, bad luck, whatever you want to call it. What goes around comes around. All I can say is good riddance to the big three.

the lesson to the motoring world or any other industry is quite apparent, if a business cannot turn a profit for its investors and cant survive on its own 2 feet, then it should go under sooner than later. rather than rely on government bail out or policies. not that they didnt see it coming, 10-20 years of toyota conquering thier market, but they didnt really make a change. now the bill to foot is even higher than ever. In this sense i think proton is headed down the same path. just that proton has quite stronger monopoly in place and thus will continue to bleed the country slowly to death. better to pull out the knife and stich up the wound rather than just plugging the open wound with cotton wool.

For the sake of the world, these companies cannot go down. either sold off to toyota or VW to let the smart guys battle it out.

doesn’t take a rocket scientist to know that if GM falls, auto industry will suffer.

the problem is identifying the after effects that are not clear here.

who knows if the fall here will spill over somewhere else. or plunge the US into a 2nd depression.

but i am pretty sure other car companies are interested in snapping up the leftover companies. good utilisation of assets and management(what’s left of it)

we’ll just have to see if the American Government will really bail them out.

The CEO’s are due to explain among others why are the American cars company
- makes gas-guzzler
- lack of innovation
- does not know when they will run out money etc

Who can put Proton’s CEO before our Parliamentary Committee or even PAC and ask them why they make caplang standard cars, expensive etc etc etc.

Right now GM’s CEO is getting ‘grilled’ because he can’t answer how much GM needs to stay afloat by March 30.

Why saving US Auto Industry is important or crucial…apart from the legacy of US Automaker, its 3 million blue-colored committee who are also UAW members…who are also majority Dems…is because of the economic chain-reaction effect if the big 3 falls.

Those of you who have visited Cleveland Ohio in the Midwest, signs of the Great Depression like abandon factories etc.

If the auto industry in the US collapse, GM, Ford etc goes down…the Midwest will be a where 1920’s Great Depression will start again, ground zero.

Its more than just saving automaker. Unlike Proton, these 3 – 4 companies in total are bigger than our economy, so one couldn’t possibly fathom the impact.

the bailout could be a good option if the funds are allocated efficiently. the main concern is how the funds are used? where the money go? would it be mis-used or go into someone’s pocket? whatever bailout plans implemented, the allocation and usage of funds is not shown, no transparency at all.

Even when all three of them file for Chapter 11, they are not going to get vaporized just like that. Other manufacturers will sure grab pieces of them. These pieces will continue to provide jobs and generate positive ripple effect on the economy as a whole. Clearly… blatant lies!

Waaah.. I never used such strong words before… but I guess this is due.