Making Rick Wagoner step down was a bad idea.

I know that there are not a lot of GM fans here. But I do not agree with the government's decision to make GM's CEO step down. I've been paying attention to GM's progress for the last 4-5 years, and they have made vast improvements since then, especially under Rick Wagoner. If you want a company to turn around, it helps to have someone there who knows what's going on and where the company is heading.

What's worse is that GM's most influential executive, Bob Lutz is retiring as well, and in my opinion, he was GM's product powerhouse. I am a huge fan of Bob's work and products. To see him go is a sad thing. But now add Wagoner to the mix, and that's tragedy.

Sure- GM is surviving with tax dollars. But the US government is not in the business of making cars, and they have no business trying to do so.Leave car companies to car guys.

 

I work for a GM dealer and have been saying for years that Wagoner needs to go, but this is the wrong way for it to happen. Obama is wrong to force out a CEO. One more example of Socialism that is taking over Washington. By the way, I like Rick Wagoner personally, I just think that if you are in charge of a company that loses billions of dollars every year, you need to be replaced. The board at GM should have asked Wagoner to resign, not Obama. JMO.

 

In my opinion, GM has known for years that they have got to improve their quality of sink. They let it ride for too long building huge SUVs and trucks while building jokes for cars like the Cavalier, older Malibu, and the entire Buick and Oldsmobile lineup. But the new Malibu, the whole Caddy lineup, some of the upcoming Buicks, as well as their upcoming Volt are impressive and if I were made out of money, I'd get a new CTS. So they are well-aware of what they have to do regardless of the current economy.

If the government is going to step in, it would be just as effective to float them loans long enough for the economy to turn around because they do make some desireable cars now, yet nobody can afford them or get the financing. By forcing them into a model they aren't as familiar with, the government is not doing the industry any favors.