Bailout Watch 453: Mark LaNeve's Busy "Reinventing GM"
Ahead of the March 31 bailout buffet deadline, GM’s North American Vice President of Vehicle Sales, Service and Marketing is finally taking action to quell queasiness about GM’s “restructuring.” A GM insider sent us this message from GM’s marketing maven, who sent it to GM dealers, to send it to their customers. Shall we file this under “methinks they doth protest too much”? Anyway, bottom line (as well as the top): GM’s warranty is “safe and sound.” That’s because GM dealers remain open for sales and service. And when the dealer aren’t open, as GM pares dealers and GMAC pulls the financing the stores need to survive? Moving on . . .
GM would like its millions of current and future customers to know one thing: GM’s warranty coverage is absolutely safe and sound, now and well into the future, no matter what the GM make or model.
I said, moving on . . .
We always taken care of our customers [sometimes in that mafiosi sort of way] and stood behind our products ‐‐ and we will continue to do so.
Right up until and through Chapter 11. How . . . reassuring.
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To my eye, Romney looks like Atlas shrugging in that photo, like he realizes he is looking at a company that can only be stitched back together after implosion... And why not Car Czar? My guess is that if he was offered and rejected it, or wasn't offered it, is due to the two-sided blade of politics ... if offered and successful, then Obama didn't only pick the right guy for the job, he just handed a major opponent another golden star for his resume, and if Romney took it, and failed, he would have a black splotch ... only dude that could be the best choice is a non-partisan, non-ambitious, brainiac like Robert Gates is over at defense ... in the meantime, we will see a committee of well meaning guys... @Supbad75: If GM does the big swoon, it won't be Neve's problem, he'll be looking for a job too (assuming he has no early-exit golden parachute like Lutz)...
me thinks Romney looks more like Hank Reardon.
Even Reardon gave up and left Reardon Industries to collapse under the weight and demands of the looters and moochers... btw, it occurs to me that among those most sympathetic to Ayn Rand for the last 1/2 century, namely Wall St./Banks and the D3, have themselves transformed into the looters and moochers respectively... p.s. And Le(ave)Neve(r) reminds me of any one of those smarmy kleptocrats in that same story.