GM Suspends All Future Product Development

Discussion in 'OT Driven' started by TriShield, Oct 29, 2008.

  1. TriShield

    TriShield Super Moderator® Super Moderator

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    Automotive News is reporting what many have suspected is going on at GM for awhile now. They are freezing all product development for 2009 and 2010.

    R&D, design and engineering will stop. Products already too far along to halt will be released as planned including the Camaro, the Volt (we'll see) and CTS variants. Redesigning the Corvette, fullsize trucks and SUVs, the rollout of the Cruze, new midsized sedans, and everything else is in limbo.

    Auto show presence is also going to be scaled back. Anyone who was at the Dream Cruise this year could see that in stark contrast to years before.

    All in the name of trying to save every penny and avoid bankruptcy. GM's condition is critical.
     
  2. bubbaZR2

    bubbaZR2 i poop too much, then i get tired... OT Supporter

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    Great, we're going to be like Mexico, where they drive 2000 model year VW Beetles that look like 1960s Beetles.
     
  3. JM Popaleetus

    JM Popaleetus OT Supporter

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    I'm surprised they're stopping production on the Vette.

    Everything else I understand. But they really need to pump out the C7 Vette.
     
  4. Variant

    Variant Cast in the name of God, ye not guilty.

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    There will still be plenty of other car companies to choose from, that are still actively doing R&D. :dunno:
     
  5. 396Hawk

    396Hawk Active Member

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    Why do they need to pump out the C7?
     
  6. JM Popaleetus

    JM Popaleetus OT Supporter

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    It's LONG overdue and they already have the new body for it done
     
  7. rockstar b

    rockstar b no OT Supporter

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    if they keep making the C6 unchanged, then the used ones will be cheaper!
     
  8. CJPA

    CJPA New Member

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    Thank god I didn't get an automotive engineering job after college
     
  9. 396Hawk

    396Hawk Active Member

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    The C7 is long overdue?? How is that?
     
  10. deusexaethera

    deusexaethera OT Supporter

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    No they don't. The C6 is already fantastic.

    It's interesting to see how amidst all this talk about WTF are GM and Chrysler doing, Ford is just keeping its head down and doing its thing. Makes me think I should buy some of their stock.
     
  11. 396Hawk

    396Hawk Active Member

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    Exactly...
     
  12. boomer69

    boomer69 New Member

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    Better check on that Ford is also in the shitter..............
     
  13. Variant

    Variant Cast in the name of God, ye not guilty.

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    Long overdue? The C6 has been out for what...3 years? And you say the replacement is already long overdue? :rofl:

    A new Corvette has no chance of saving GM anyway. It's a niche car. They need to focus their limited funding and energy elsewhere.
     
  14. deusexaethera

    deusexaethera OT Supporter

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    Details?
     
  15. 396Hawk

    396Hawk Active Member

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    Are you kidding?
     
  16. Murray

    Murray Humbug OT Supporter

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    Well we just put out ANOTHER suv :hsugh:
     
  17. deusexaethera

    deusexaethera OT Supporter

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    My understanding was Ford's domestic models aren't doing so hot, but they're just going to import a bunch of Euro models for 2009. Is that no longer accurate?
     
  18. 396Hawk

    396Hawk Active Member

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    Piss poor sales figures... stock is almost worthless... (down 75% from their 52-week high, down 50% over the last month)... yeah, they are doing well.
     
  19. Bernout

    Bernout OT Supporter

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    :rofl: 3 years and its overdue :ugh2:


    And this is merely a concept/movie prop


    [​IMG]
     
  20. deusexaethera

    deusexaethera OT Supporter

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    But all of that is based on their current lineup, not on their ready-made import lineup that they're going to start selling here next year. They may not have the cash to do major R&D, but unlike GM/Chrysler, they don't need to do major R&D either.

    Besides, stock prices were inflated by the massive amounts of retirement money pumped into 401(k)'s -- there are a finite number of stock shares in the world, and those stock shares had to represent an ever-increasing amount of money, so they had to go up in price. The drop in stock prices overall just reflects that a lot of that money has been yanked out -- the only thing that matters regarding the health of one company vs. another is how their stock prices compare to each other, not their absolute value.
     
  21. art_VW_shark

    art_VW_shark OT Supporter

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    ...wow. I didn't know it was this bad
     
  22. BigT

    BigT LSX Crew

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    wow

    Step 2, cancel any vehicle that is a duplicate of another and get rid of overlap.
     
  23. art_VW_shark

    art_VW_shark OT Supporter

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    :wtf: The C6 is arguably one of GM's better products that is more than 2 years old
     
  24. art_VW_shark

    art_VW_shark OT Supporter

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    :werd: but they need to cut more fat than that
     
  25. Mitchj

    Mitchj OT Supporter

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    the death of GM is neigh

    i wonder if they have just been putting on a happy face, releasing cool new cars, while inside they knew they were going down the shitter.

    If GM dies, im becoming a Ford fan, i will never support a Japanese manufacturer.
     

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