You guys that have been through this before , do you think the company is going to go out of business or what will happen? Are they positioning to be bought ?
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Is there a plug standard for electric vehicles?
If I spend the money to install a high voltage charger in my garage for a Chevy EV, do I need to buy and install a whole new system if I get a plug in Toyota?
The only problem is no one wants to updat thier house to a plug in Car!!! Make a hybrid!! you lost that race GM. You lost!! Most people live in Apartments.. Invest in battiers that charge a battery not a plug in.. Thats where you lost! People will buy battery powered cars!! I did!! I like your cars just need more from GM than I need to spend 5k to install a plug base in my home. Or create 1 for home for cheap! It on you GM! I'll support but you went Boogie for me!!! To rich for me and still pooor! Come on!!
Post ID: @YKnAZHX-sit / This is spot on the money and I couldn't agree more. Why and how is Marry Barra still there at the company !? She is sinking it into the ground. Why ?
@YKnAZHX-sit Brilliant post.
Management went into this reduction with the goal of coming out the other end as a less-capable engineering organization. (I would love for someone to post that slide that Reuss showed in November of how GM's goal is to be among the worst in the industry for engineering spending)
They also went in with no idea what they were going to do with the work being done by those getting cut. No time for managers to come up with a plan. Nothing but total disruption, which shows. People still here are were stuck having to figure out what people were saying and doing, and who they were working with (if they weren't also cut). Total discontinuity in programs, many of which are at critical gates.
NOW... what good comes from having a less capable organization that is essentially getting out of the car building business, and is spending tons of money on autonomous?
If you wanted to break up and sell off GM's pieces, it might look a lot like what Mary is doing:
Keep trucks, they're profitable and someone might pay handsomely for them
Keep Corvette or it's being staged for a takeover. I don't see a 3rd option.
In addition, GM's lack of foresight (to the benefit of those laid off) was failing to notify the city of Warren in time about the massive layoff. This required GM to pay laid off employees an extra 2 weeks of pay. Talk about lack of Executive planning at GM...
GM Executive Leadership failure to create a well thought out strategy for the layoff process provides some insight into the gross mismanagement at GM. Thousands were laid off without an advanced plan to handle the loss of key staff that were leaders running the company. The day after many in Engineering were laid off, people showed up at vehicle Program meetings with 30 attendees without anyone to run the meeting and no one knowing what to do. Many key functions today are still missing people and no one knows how to handle based on high workload issues. Directors made the call on those forced to leave without ANY input from their direct supervisors. Did they have time to delay the layoffs until they had a detailed plan in place? Absolutely, GM financial performance was above average and certainly taking an extra month or two to come up with a detailed plan prior to pulling the layoff trigger would have been reasonable. Mary B. decided that showing Wall Street a great cost reduction in 2019 right away might boost the stock, without any regard for keeping the company running. With such little foresight, Is that a company that consumers would trust to implement a safe Autonomous vehicle?
We can only hope that they are!
To SPX - I'm sure warranty will spike , this is absolutely insane. The things I am hearing from colleagues left is that it's looking like a nightmare that just isn't ending. How anyone can be productive at this point at GM has gotta be tough because you just don't know when the next shoe will drop , good God get that CEO out of there and reorganize the management or the company will disolve. How do do you allow an American icon to just go into the toilet time and time again , for decade's now?!?
Mary and her underlings need to go.
It seems like gm, ford and FCA planning on a big transformation. Why I don't know but they all seem to be going full force towards electric and autonomous vehicles. With that being said, it appears they will look for nothing but electrical and software engineers. It also appears they cannot compete with Tesla or Google, management does not know what to do. Result, just start laying people off.
I think its possible. The gross mismanagement on every level is astounding right now. If that post about them cutting pre production is true I would be willing to bet it only going to get worse in terms of layoffs. What concerns me more is will the lack of additional test builds translate to missed issues, further reduction in quality and increased warranty occurrence. I think so.
I think they're going to have more layoffs and get a lot smaller.
I don't think their financials are as bad as 2008 when they almost went out of business.