2010 Pontiac G8 ST. It is hard to understand what the purpose of this vehicle is. With all of the opportunities to create something truly new and different, Pontiac gives us this. (image source: ©GM Corp.)
These days, there are a lot of people talking about the mess in Detroit. There is a split in opinion as to whether we should bail out an industry responsible for its own creation. The majority seems to be against it and countless articles go into the reasons why.
I do not believe that anyone really wishes these companies go under, but for the record I do not think we should bail them out.
According to Truthout, Alan Mulally, Ford Motor Co.'s new president and chief executive officer, received compensation valued at $39.1 million during his four months on the job last year, according to an analysis of a federal regulatory filing made Thursday.
General Motors Corp. Chairman and CEO Rick Wagoner's compensation package for last year is valued at $15.7 million. I have no problem whatsoever with what people make. It's what we all want, and what America is all about. However, I do not understand how he gets an increase from the 2006 $9.57 million package at a time when the company he runs is in ruins.
Rick Wagoner said GM had done nothing wrong and were not responsible for the state of the company. When going to Washington to testify, all 3 CEOs, Robert Nardelli of Chrysler (ex-Home Depot chief), Rick Wagoner and Alan Mulally all flew separately in their corporate jets and when questioned, justified it by answering "it is standard procedure". That's the problem. They don't get it.
While I acknowledge that taste is a personal preference, I an going to voice a "visual" opinion to go along with great New York Times articles like Let Detroit Go Bankrupt by Mitt Romney.
This is the product offering from Detroit. And at the end of the day, despite the "legacy" costs often sited as one of the reasons why we can not compete, these costs would not be an issue if the product offering was desired and purchased, as it has in the past.
I do not think these vehicles meet the sensibilities of today, and when compared to the competition, they simply look out of date and disconnected to the future of automotive design. These are just a few of their most recent, not to mention the past 5-7 years worth of outdated vehicles that most definitely contributed to the current situation.
All of these companies have produced some very stunning concept cars. None of which have been produced.
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