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Tesla is 'going out of business,' says former GM exec Bob Lutz; Silly liberals trying to run a car company
Topic Started: Nov 18 2017, 10:04 AM (358 Views)
W A Mozart
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Quote:
 
Tesla is a "losing enterprise" that won't last, Bob Lutz, former vice chairman of General Motors, told CNBC on Friday.

"The company, folks, is going out of business. At this rate they'll never get to 2019," the well-known Tesla skeptic said in an interview with "Power Lunch."

Among the issues facing the electric-car maker are fixed costs that are out of control, an inefficient manufacturing operation and no dealership network, Lutz said.

Plus, there's nothing about Tesla (TSLA) that can't be easily duplicated by other automobile companies, he argued.

"There is no secret sauce in Tesla. They use the same lithium-ion batteries as everybody else."

In fact, he thinks GM (GM) might even have an advantage because its batteries are arguably more capable and lower cost.


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
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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
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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

A competitor claiming they are better and the competition is losing. Who wudda thunk
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Harambe4Trump
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BuckFan
Nov 18 2017, 01:05 PM
A competitor claiming they are better and the competition is losing. Who wudda thunk
To be fair, Lutz has direct experience driving a car company to bankruptcy.
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
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W A Mozart
Nov 18 2017, 10:11 AM
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
He’s a legendary failure who got the boot when the government bailed his company out.
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
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Harambe4Trump
Nov 18 2017, 01:13 PM
W A Mozart
Nov 18 2017, 10:11 AM
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
He’s a legendary failure who got the boot when the government bailed his company out.
Legendary failure, ....Lutz?

Which company was it? GM?


Mozart
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Harambe4Trump
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W A Mozart
Nov 18 2017, 01:56 PM
Harambe4Trump
Nov 18 2017, 01:13 PM
W A Mozart
Nov 18 2017, 10:11 AM
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
He’s a legendary failure who got the boot when the government bailed his company out.
Legendary failure, ....Lutz?

Which company was it? GM?


Mozart
Perhaps you missed the auto bailouts of 2008/9?

He was a bust. He was why I drove a Honda.
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
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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........ :victory:
Jesus can raise the dead, but he can't fix stupid
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Robert Stout
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dp
Edited by Robert Stout, Nov 18 2017, 03:20 PM.
Jesus can raise the dead, but he can't fix stupid
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Drudge X
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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

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
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BuckFan
Nov 18 2017, 01:05 PM
A competitor claiming they are better and the competition is losing. Who wudda thunk
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
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Harambe4Trump
Nov 18 2017, 01:59 PM
W A Mozart
Nov 18 2017, 01:56 PM
Harambe4Trump
Nov 18 2017, 01:13 PM
W A Mozart
Nov 18 2017, 10:11 AM
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
He’s a legendary failure who got the boot when the government bailed his company out.
Legendary failure, ....Lutz?

Which company was it? GM?


Mozart
Perhaps you missed the auto bailouts of 2008/9?

He was a bust. He was why I drove a Honda.
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

Drudge X
Nov 18 2017, 03:27 PM
There's not one car in GM catalog that entices me unless they bring back the retro Trans Am.
Did you drive the Camaro 2SS/RS, the poor man's Corvette?
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BuckFan

Drudge X
Nov 18 2017, 03:30 PM
BuckFan
Nov 18 2017, 01:05 PM
A competitor claiming they are better and the competition is losing. Who wudda thunk
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

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

W A Mozart
Nov 19 2017, 10:51 AM
Harambe4Trump
Nov 18 2017, 01:59 PM
W A Mozart
Nov 18 2017, 01:56 PM
Harambe4Trump
Nov 18 2017, 01:13 PM
W A Mozart
Nov 18 2017, 10:11 AM
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
He’s a legendary failure who got the boot when the government bailed his company out.
Legendary failure, ....Lutz?

Which company was it? GM?


Mozart
Perhaps you missed the auto bailouts of 2008/9?

He was a bust. He was why I drove a Honda.
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
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
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W A Mozart
Nov 19 2017, 10:51 AM
Harambe4Trump
Nov 18 2017, 01:59 PM
W A Mozart
Nov 18 2017, 01:56 PM
Harambe4Trump
Nov 18 2017, 01:13 PM
W A Mozart
Nov 18 2017, 10:11 AM
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
He’s a legendary failure who got the boot when the government bailed his company out.
Legendary failure, ....Lutz?

Which company was it? GM?


Mozart
Perhaps you missed the auto bailouts of 2008/9?

He was a bust. He was why I drove a Honda.
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
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.
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
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BuckFan
Nov 19 2017, 12:51 PM
W A Mozart
Nov 19 2017, 10:51 AM
Harambe4Trump
Nov 18 2017, 01:59 PM
W A Mozart
Nov 18 2017, 01:56 PM
Harambe4Trump
Nov 18 2017, 01:13 PM

Quoting limited to 5 levels deep
Legendary failure, ....Lutz?

Which company was it? GM?


Mozart
Perhaps you missed the auto bailouts of 2008/9?

He was a bust. He was why I drove a Honda.
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
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.
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.
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
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peewee
Nov 19 2017, 11:03 AM
Drudge X
Nov 18 2017, 03:27 PM
There's not one car in GM catalog that entices me unless they bring back the retro Trans Am.
Did you drive the Camaro 2SS/RS, the poor man's Corvette?
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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