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| Tesla is 'going out of business,' says former GM exec Bob Lutz; Silly liberals trying to run a car company | |
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| Tweet Topic Started: Nov 18 2017, 10:04 AM (358 Views) | |
| W A Mozart | Nov 18 2017, 10:04 AM Post #1 |
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https://www.msn.com/en-us/money/companies/tesla-is-going-out-of-business-says-former-gm-exec-bob-lutz/ar-BBF6tAR?li=BBnbfcL |
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| W A Mozart | Nov 18 2017, 10:11 AM Post #2 |
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Now, Bob Lutz is a legend in Detroit. I read a number of his books. I actually chatted with him one quiet evening at Pebble Beach while attending the yearly Concourse D'elegance a few years back. For Bob Lutz to declare Tesla a turkey, .... is saying a lot. People who have actually studied 'electric cars' make the point that they are no more environmentally friendly than producing brand new Ford Pinto rust buckets. Tesla is going down, and soon. Trump won't give them any more free government money. Mozart |
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| Robertr2000 | Nov 18 2017, 10:12 AM Post #3 |
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$10's of Billions in Government aid...... and still can't make it. |
| "if that **** wins we'll all hang from nooses" | |
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| BuckFan | Nov 18 2017, 01:05 PM Post #4 |
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A competitor claiming they are better and the competition is losing. Who wudda thunk |
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| Harambe4Trump | Nov 18 2017, 01:12 PM Post #5 |
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To be fair, Lutz has direct experience driving a car company to bankruptcy. |
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Skipping leg day is the equivalent of a woman having an abortion. You're ashamed of it, and it was probably unnecessary. #MAGA #wallsnotwars | |
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| Harambe4Trump | Nov 18 2017, 01:13 PM Post #6 |
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He’s a legendary failure who got the boot when the government bailed his company out. |
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Skipping leg day is the equivalent of a woman having an abortion. You're ashamed of it, and it was probably unnecessary. #MAGA #wallsnotwars | |
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| W A Mozart | Nov 18 2017, 01:56 PM Post #7 |
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Legendary failure, ....Lutz? Which company was it? GM? Mozart |
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| Harambe4Trump | Nov 18 2017, 01:59 PM Post #8 |
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Perhaps you missed the auto bailouts of 2008/9? He was a bust. He was why I drove a Honda. |
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Skipping leg day is the equivalent of a woman having an abortion. You're ashamed of it, and it was probably unnecessary. #MAGA #wallsnotwars | |
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| Robert Stout | Nov 18 2017, 03:19 PM Post #9 |
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I have been saying it is written that GM will destroy Tesla...Tesla's new cheaper model is a turkey compared to the Chevy Bolt...The "true believers" who bought Tesla stock will lose their azz........
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| Jesus can raise the dead, but he can't fix stupid | |
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| Robert Stout | Nov 18 2017, 03:20 PM Post #10 |
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dp
Edited by Robert Stout, Nov 18 2017, 03:20 PM.
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| Jesus can raise the dead, but he can't fix stupid | |
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| Drudge X | Nov 18 2017, 03:27 PM Post #11 |
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There's not one car in GM catalog that entices me unless they bring back the retro Trans Am. |
| Kate Steinle was separated from her family permanently but leftists didn't seem to mind. | |
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| BuckFan | Nov 18 2017, 03:29 PM Post #12 |
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What is crappy is that GM is part of the reason that Tesla can't get a dealer network in some states. |
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| Drudge X | Nov 18 2017, 03:30 PM Post #13 |
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Tesla is not a natural competitor with GM, Ford, Chrysler, Toyota, Honda, or Nissan. Without sucking on the government's milk, Tesla has no cash whatsoever. Net income for three years. https://finance.yahoo.com/quote/TSLA/cash-flow?p=TSLA |
| Kate Steinle was separated from her family permanently but leftists didn't seem to mind. | |
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| W A Mozart | Nov 19 2017, 10:51 AM Post #14 |
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Ah, ...no. Richard Wagoner was in charge of GM during those years. Bob Lutz would have been 74 years old at the time (2008), and playing only a minor role as a board member. Furthermore, the real problem with GM was (1) unions and (2) their bloated pension plans, both driving them to bankruptcy. Furthermore, GM made some smart decisions in getting rid of their European operations. GM had a HUGE plant near Frankfurt Germany. Every time I flew in and out of Germany in the 80's and 90's I would bump into their workers on shift changes on the train platforms around Frankfurt. Their OPEL operations could never compete with the other German brands, BMW, Mercedes, Audi, Porsche or even Volkswagen. Mozart |
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| peewee | Nov 19 2017, 11:03 AM Post #15 |
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Did you drive the Camaro 2SS/RS, the poor man's Corvette? |
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| BuckFan | Nov 19 2017, 12:48 PM Post #16 |
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It helps to have a market cap of $53 Billion and a multi-billionaire backing you up. Startups are not cheap, especially on this scale. |
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| BuckFan | Nov 19 2017, 12:51 PM Post #17 |
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The unions were not the problem, that is a Rightie boogieman to cover from poor management. GM made horrible business decisions that weakened them compared to their competitors like Ford. I will give you a bone. The Big Three did have a disadvantage compared to the Japanese and European newcomers in this country. They did have a labor legacy of cost that the newcomers did not. They also have a legacy of old infrastructure (factories) and complacent product development and marketing that made them less competitive. |
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| Harambe4Trump | Nov 19 2017, 03:05 PM Post #18 |
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The reason GM went belly up was because Honda and Toyota built better cars. German cars are crap and that’s because the Germans stopped believing they were the master race. The Japanese kept their confidence and that’s reflected in Honda Quality. |
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Skipping leg day is the equivalent of a woman having an abortion. You're ashamed of it, and it was probably unnecessary. #MAGA #wallsnotwars | |
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| Harambe4Trump | Nov 19 2017, 03:08 PM Post #19 |
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Toyota and Honda wiped the floor with GM, Chrysler, and to a lesser extent, Ford, because they are unapolegetically homogenous. A company which believes this nonsense of “diversity is our greatest strength” cannot compete. |
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Skipping leg day is the equivalent of a woman having an abortion. You're ashamed of it, and it was probably unnecessary. #MAGA #wallsnotwars | |
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| Drudge X | Nov 19 2017, 04:31 PM Post #20 |
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No, I always wanted the retro look 79 Trans Am. |
| Kate Steinle was separated from her family permanently but leftists didn't seem to mind. | |
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8:57 PM Jul 10