Engineers at General Motors have developed a revolutionary new engine whose only function is to lubricate itself.
I will never get married to the head of General Motors. I will never be the wife of a superstar. For those women, their lives are somebody else's. I will never be a Mrs. Blabidyblah!
Investing is the greatest business in the world because you never have to swing. You stand at the plate; the pitcher throws you General Motors at 47! U.S. Steel at 39! And nobody calls a strike on you. There's no penalty except opportunity. All day you wait for the pitch you like; then, when the fielders are asleep, you step up and hit it.
Over the summer we chatted one night while Angie stripped a bed, changed wet sheets, comforted and repajamaed a toddler, and chased down a car of speeding teenagers while shaking a brick at them, never once interrupting the conversation or setting down her margarita. The only reason this woman isn't president of General Motors is because she's chosen not to be.
General Motors could buy Delaware if DuPont were willing to sell it.
The size of General Motors is in the service not of monopoly or the economies of scale but of planning.
God is less careful than General Motors, for He floods the world with factory rejects.
The late Alfred P. Sloan, Ir., long-time executive of General Motors Corporation, had a fivepoint "secret of success." It was: 1. Get the facts. 2. Recognize the equities of all concerned. 3. Realize the necessity of doing a better job every day. 4. Keep an open mind. 5. Work hard.
The world is super-stupid. You have by far the best designers in America! And you do the most stupid cars in the world! They put billions into their stupid designs for General Motors, Chrysler, Buick, or who knows what. The designers in America must be frustrated. I am not frustrated, because I am not a designer - I am a philosopher, and all philosophers have said for ages that the world around them is stupid.
We're still promoting stupid wasteful behavior in agribusiness - everything from ethanol production for cars to genetically modified crops. In commerce just about everything we do politically is in the service of WalMart and the systems tied to it. In transportation, we could, for instance, have compelled General Motors to produce railroad rolling stock as a condition of their bail-out, but we didn't do that. Instead, we're chasing the phantom of electric cars - and, believe me, we are going to be mortally disappointed how that works out.
And so we said to General Motors that the solution had to be a first year increase, which had to be sizeable because we bad to catch up with the lost position as against the cost of living and we had to make some progress.
I don't hurt the industry. The industry hurts itself, by making so many lousy movies - as if General Motors deliberately put out a bad car.
If General Motors, Ford and Chrysler get the bailout that their chief executives asked for yesterday, you can kiss the American automotive industry goodbye. It won't go overnight, but its demise will be virtually guaranteed. Without that bailout, Detroit will need to drastically restructure itself. With it, the automakers will stay the course - the suicidal course of declining market shares, insurmountable labor and retiree burdens, technology atrophy, product inferiority and never-ending job losses. Detroit needs a turnaround, not a check.
My Dad sold automobiles as a general manager of a General Motors automobile dealership. He was a job creator. Everyone of those cars he sold he created a job for somebody on the assembly line.
It isn't easy for me to have contact with the industry, because it is so outdated. Look at General Motors, look at -Mercedes, look at Chrysler, look at Porsche, look at BMW . . . They are all building cars from yesterday! Nobody has an idea how the car of tomorrow should look. I've built them already. I have the prototypes in my exhibition, but they won't do it.
My mom was terrific. I described my mom once. If fear was a color, she was color blind. Nothing frightened her. If I told her that I was going to take over General Motors, she'd say, "You can do it." Just the most preposterous things, ambitious things, she said, "You can do it."
Sadly, at Ford, General Motors, and Chrysler sales continually trend downward, manufacturing costs rise, and employment declines. As the result of the decrease in the number of cars produced by American manufacturers, membership in the United Auto Workers has dropped from a high of over 1.5 million thirty years ago to less than half a million today.
People are in denial all the time, hiding things. If I tell you a racist or dirty joke and you laugh, you're telling me something about yourself, which you don't want to reveal. Accessing that hidden side is what good acting is all about. And there are only a handful of people in the entire United States who interest me as actors, who surprise me. Even people who write about it, don't know anything about good performance. At least when you work at General Motors, you know something about cars.
The power of branding, particularly when it comes to automobiles, is overwhelming. You go back to the seventies and eighties with the General Motor situation I was describing? Literally, folks, the Camaro and Firebird were identical cars but you'd so have the Firebird buyers, the Pontiacs, "No way I'm I buying that Camaro!" " It's the same car." "Nooooo, it is not. That is a Chevy and mine is a Pontiac."
The white worker who has been displaced at General Motors has more in common with the displaced black worker than those larger white CEO's, and those Wall Street people who are determining their fate... whose thievery and greed is determining their fate.
General Motors committed likewise to invest billions of dollars in its American manufacturing operation, keeping many jobs here that were going to leave. And if I didn't get elected, believe me, they would have left, and these jobs and these things that I am announcing would never have come here.
In America, we need to go forward in nationalizing several large corporations: I think that's possible; we nationalized General Motors; we nationalized several of the big banks, de facto; we nationalized Chrysler; we nationalized AIG. I think there will be more crises, and at some point, rather than being bailed out by the government, the public may keep the corporations it has to rescue.
If you gave me the choice of being CEO of General Electric or IBM or General Motors, you name it, or delivering papers, I would deliver papers. I would. I enjoyed doing that. I can think about what I want to think. I don't have to do anything I don't want to do.
General Motors, like the other two geezers of the Old Three, is a vast retirement home with a small money-losing auto subsidiary.
General Motors has no bad years, only good years and better years.
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