Merrill Lynch: 'Faillissement GM niet uitgesloten'
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Den Silver Kulen
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GM perikelen
wrang maar helder:
http://link.brightcove.com/services/lin ... 2135143001
General Motors' European president Carl-Peter Forster chief claims the manufacturer will not close any of its European factories "unless an asteroid hits the earth" and "the world stops tomorrow".
Forster told Automotive News Europe that despite the manufacturer's financial problems, there were no plans for factory shutdowns.
Instead, he said he had been speaking with GM's European works councils to create ways to cut production without any more temporary closures.
GM Europe closed almost all of its European factories in October when production was slashed by 40,000 units.
Forster said the reason GM was seeking an alternative, such as looking to reduce working hours instead, because the closures had proven inefficient.
GM also appealed to its 55,000 European workers to skip their pay increases, though the Opel division has publicly rejected this option.
The crisis reached a pitch this week when GM's stock price hit its lowest level for 60 years and the big three declared that they had spent a total of $14.6 million in cash in the third quarter of 2008 just to keep their businesses afloat. GM acknowledged that its cash reserves could reach the minimum levels it needs to run the business, triggering fears that the whole of America's domestic car making capacity could collapse. In response there has been a bi-partisan appeal from Democrat house members and senators from Michigan (where the big three have their headquarters) to the outgoing Bush administration to bail out the auto industry.
As the rating's agencies move GM and Ford stock ever downwards, the auto making crisis is being seen as a first test of president Barack Obama's intentions. "The auto industry is the backbone of American manufacturing," he said in his first press conference since last week's election. "And a critical part of our attempt to reduce our dependence on foreign oil."
While the immediate future seems bleak, the biggest question seems to be whether America afford not to help out its car makers. "It is a very tense period," admits David Cole, president of the Michigan-based Center for Automotive Research (CAR), "but the cash cost of keeping these companies in business is much less than the medium-term effect on the economy of letting them go under."
What motor industry observers fear is a sort of domino effect of closures that would affect suppliers, dealer groups and service industries, producing a vast hole in the economy. Cole estimates that a total shutdown of the big three would have a huge effect felt well beyond environs of Detroit, with nearly three million jobs lost and costs of about $60 billion in the first year, rising to more than £156 billion over three years. In computer-modelled research published this week, CAR also suggests that a complete closure would also affect the car makers' international operations. In Britain that means companies such as Ford, Volvo, Vauxhall, Saab, Dodge and Chrysler would feel the pinch and maybe worse. Some industry observers have suggested that if any car maker filed for Chapter 11 bankruptcy protection from its creditors in the US, then its international operations would be forced to do likewise for fear of creditors suing them for return of funds.
For all the doomsaying there is a feeling that if at least GM and Ford can be helped through this credit crunch then they will be able to stand on their own once more. "The mid-term future is bright," says Cole. "GM has made huge strides in reducing costs and capacity and there is pent-up demand for products."
GM's product line up is also much improved from its dark days of body-on-frame Detroit iron. The latest Chevrolet Malibu saloon is based on the Epsilon world-car platform and is selling well in the US. Ford has also turned its lines around. Although this year's relaunch of the F150 pickup truck was delayed because of high existing stocks and low demand, the company has continued to pour huge resources into its plan to introduce the new Fiesta hatchback into the US in 2010. But while Ford is in a slightly better liquidity position than GM, it has still started to lay off salaried workers and is planning on cutting $1 billion in capital expenditure in the next two years. It is as much in need of a helping hand its its bigger sister GM.
http://link.brightcove.com/services/lin ... 2135143001
General Motors' European president Carl-Peter Forster chief claims the manufacturer will not close any of its European factories "unless an asteroid hits the earth" and "the world stops tomorrow".
Forster told Automotive News Europe that despite the manufacturer's financial problems, there were no plans for factory shutdowns.
Instead, he said he had been speaking with GM's European works councils to create ways to cut production without any more temporary closures.
GM Europe closed almost all of its European factories in October when production was slashed by 40,000 units.
Forster said the reason GM was seeking an alternative, such as looking to reduce working hours instead, because the closures had proven inefficient.
GM also appealed to its 55,000 European workers to skip their pay increases, though the Opel division has publicly rejected this option.
The crisis reached a pitch this week when GM's stock price hit its lowest level for 60 years and the big three declared that they had spent a total of $14.6 million in cash in the third quarter of 2008 just to keep their businesses afloat. GM acknowledged that its cash reserves could reach the minimum levels it needs to run the business, triggering fears that the whole of America's domestic car making capacity could collapse. In response there has been a bi-partisan appeal from Democrat house members and senators from Michigan (where the big three have their headquarters) to the outgoing Bush administration to bail out the auto industry.
As the rating's agencies move GM and Ford stock ever downwards, the auto making crisis is being seen as a first test of president Barack Obama's intentions. "The auto industry is the backbone of American manufacturing," he said in his first press conference since last week's election. "And a critical part of our attempt to reduce our dependence on foreign oil."
While the immediate future seems bleak, the biggest question seems to be whether America afford not to help out its car makers. "It is a very tense period," admits David Cole, president of the Michigan-based Center for Automotive Research (CAR), "but the cash cost of keeping these companies in business is much less than the medium-term effect on the economy of letting them go under."
What motor industry observers fear is a sort of domino effect of closures that would affect suppliers, dealer groups and service industries, producing a vast hole in the economy. Cole estimates that a total shutdown of the big three would have a huge effect felt well beyond environs of Detroit, with nearly three million jobs lost and costs of about $60 billion in the first year, rising to more than £156 billion over three years. In computer-modelled research published this week, CAR also suggests that a complete closure would also affect the car makers' international operations. In Britain that means companies such as Ford, Volvo, Vauxhall, Saab, Dodge and Chrysler would feel the pinch and maybe worse. Some industry observers have suggested that if any car maker filed for Chapter 11 bankruptcy protection from its creditors in the US, then its international operations would be forced to do likewise for fear of creditors suing them for return of funds.
For all the doomsaying there is a feeling that if at least GM and Ford can be helped through this credit crunch then they will be able to stand on their own once more. "The mid-term future is bright," says Cole. "GM has made huge strides in reducing costs and capacity and there is pent-up demand for products."
GM's product line up is also much improved from its dark days of body-on-frame Detroit iron. The latest Chevrolet Malibu saloon is based on the Epsilon world-car platform and is selling well in the US. Ford has also turned its lines around. Although this year's relaunch of the F150 pickup truck was delayed because of high existing stocks and low demand, the company has continued to pour huge resources into its plan to introduce the new Fiesta hatchback into the US in 2010. But while Ford is in a slightly better liquidity position than GM, it has still started to lay off salaried workers and is planning on cutting $1 billion in capital expenditure in the next two years. It is as much in need of a helping hand its its bigger sister GM.
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Reub
- Geregistreerd lid
Ja, daar had ik ook wel m'n vraagtekens bij. Maar als je de belastingvoordelen richt op 'groene(re)' auto's, dwing je producenten een bepaalde kant op om in leven te blijven.jelger schreef:deze VVD heer zegt dat er meer consumptieve bestedingen gestimuleerd moeten worden en noemt tussen neus en lippen door ook nog dat dat nog eens milieuvriendelijk(er) is. Ik begrijp best dat ie op deze manier harten wil veroveren, maar het ligt wel iets genuanceerder.
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Thorgal
- Geregistreerd lid
'Akkoord bereikt over hulp aan Amerikaanse autosector'
Republikeinen en Democraten zijn het in de Amerikaanse Senaat eens geraakt over een reddingsplan voor de Amerikaanse autobouwers. Dat heeft een medewerker van de Democratische senator Carl Levin gezegd.
(tijd) - Er zijn nog geen verdere details beschikbaar.
tijd.be
Republikeinen en Democraten zijn het in de Amerikaanse Senaat eens geraakt over een reddingsplan voor de Amerikaanse autobouwers. Dat heeft een medewerker van de Democratische senator Carl Levin gezegd.
(tijd) - Er zijn nog geen verdere details beschikbaar.
tijd.be
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Den Silver Kulen
- Geregistreerd lid
GM
't kan raar lopen. GIsteravond via autoblog het nieuws van een chinese krant dat China geïnteresseerd is in GM en Chrysler. http://www.autoblog.nl/archive/2008/11/ ... -overnemen
en dat kan snel gaan, GM schat eind dit jaar door haar liquiditeiten heen te zijn. Zal niet best zijn voor de koplampen

en dat kan snel gaan, GM schat eind dit jaar door haar liquiditeiten heen te zijn. Zal niet best zijn voor de koplampen
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De900C-GAS
- Geregistreerd lid
En welk bericht zie ik nu net??

Het artikel is te lezen via: http://www.autoweek.nl/nieuws.php?id=10315 .Wat A.N.P/A.F.P. voor AutoWeek.nl schreef:GM: “faillissement geen optie”
24 november 2008 · Foto´s ANP/AFP
In afwachting van de staatssteun, weegt General Motors intussen andere opties af. In de directiekamers is het idee om bankroet te gaan al gepasseerd.
General Motors voelt er niets voor om failliet te gaan. Voor bedrijven in nood is dat soms een goede optie om schulden te kunnen saneren en van overtollig personeel af te komen. Maar de bazen van GM willen zo een noodgreep niet. “Van een bedrijf dat dreigt te gaan verdwijnen, koopt niemand auto’s meer en geld voor een grote reorganisatie na het bankroet, hebben we niet,” argumenteren zij.
De Grote Drie in Amerika zijn op het moment bezig met het maken van een bedrijfsplan om de overheidslening van 25 miljard binnen te slepen. Daarvoor moeten ze met een goed verhaal komen, want de zittende regering heeft tot dusver niet veel zin om dat geld in de auto-industrie te steken. In het plan moet worden omschreven waarvoor het geld precies wordt gebruikt, hoe de uitgaven op het moment zijn, wat de concurrentiepositie is, hoe het gaat met de verkopen en het marktaandeel en hoe de winstmarges zijn.
Als het Congres begin december beslissingen neemt over het op gang helpen van lage rente-leningen, willen toeleveranciers, dealers en vakbonden een konvooi van milieuvriendelijke auto’s naar Washington D.C. sturen. Wanneer de overheid dat soort leningen goedkeurt, kan de autoverkoop weer op gang komen. Van alle drie de autoconcerns worden de zuinigste en hybride modellen getoond bij het congres. “Zo moet duidelijk worden wat de auto-industrie betekent voor het land,” aldus de organisatoren.
Tijdens de verhoren van de CEO’s van Chrysler, Ford en General Motors, vorige week in het Amerikaanse congres, werd onder meer hun salaris bekritiseerd en de privéjets die worden gebruikt om naar vergaderingen te vliegen. GM heeft zich die kritiek aangetrokken en heeft vlug twee van de vijf vliegtuigen van de hand gedaan.
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jelger
- Geregistreerd lid
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De900C-GAS
- Geregistreerd lid
En nu willen ze weer een hoofdkantoor gaan verkopen.
of toch:
?? 
En kijk eens naar de laatste zin in het artikel!!Wat een journalist in Autoweek schreef:
‘General Motors wil hoofdkantoor verkopen’
28 november 2008 · Tekst Alexander Inia · Foto´s EPA
De nood is hoog bij General Motors. Na logische stappen als aandelenverkoop en ontslagen gaat de autogigant nu rigoureuzer te werk. Om weer wat miljoenen bijeen te sprokkelen, gaan zelfs de kantoren in de verkoop.
De nood is hoog bij General Motors. Na logische stappen als aandelenverkoop en ontslagen gaat de autogigant nu rigoureuzer te werk. Om weer wat miljoenen bijeen te sprokkelen, gaan zelfs de kantoren in de verkoop.
Dat meldt de website van Financial Times. Hoe erg de situatie is, blijkt wel uit het feit dat General Motors zelfs het Renaissance Center, z’n prestigieuze hoofdkwartier in Detroit, wil verkopen. Het gebouw is ongeveer een half miljard dollar waard. Na een eventuele verkoop zou GM dan de huidige kantoorruimte willen huren.
De verkoop van het Europese vastgoed en inboedel moet ongeveer 200 miljoen euro opleveren. Dat is nog maar een begin, want in totaal wil het management van GM voor 4 miljard dollar bezuinigen om de bodem van de schatkist dit jaar uit zicht te houden.
Ook de verkoop van productiefaciliteiten moet het nodige geld opleveren. Hummer, een transmissiefabriek in Straatsburg en onderdelenfabrikant AC Delco staan officieel in de etalage. Volgens de geruchtenmachine zou General Motors ook maar wat graag onderhandelen over de verkoop van Saab, Pontiac en Saturn.
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Robbert
- Donateur (6x)


