Tuesday, February 17, 2009
GM and Chrysler submit restructuring plans
Chrysler LLC Restructuring Plan
General Motors Corporation Restructuring Plan
Naturally, both of them read like corporate propaganda pieces. For example, "GM’s Plan emphasizes the Company’s continued focus on great products" makes me immediately wonder, "Wasn't this the same company that rolled out the Aztec, and only killed off the long outdated Cavalier a few years ago?" On the other hand, I suppose you can't actually say, "We are now making a commitment to stop building outdated clunkers!" in a document like this.
Still, there are a couple things in there that do look like good choices rather than just a puff piece. For example, GM seems to have gotten that they don't need eight divisions and giving each of them copies of cars from the other division. Chrysler, I'm not so sure about, unfortunately. (You may notice that a lot of people who like vintage Chrysler products aren't exactly loyal to the modern Chrysler Corporation...) I'll have to wait until later to post more detailed reaction.
Labels: The Automotive Industry