Bankrupt - General Motors

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Title	:	Bankrupt - General Motors
Lasting	:	14.43
Date of publication	:
Views	:	1,5 jt

It’s crazy that the UAW members (GMs workers) made sacrifices to keep the company afloat… but GM still hasn’t restored their prior pay and benefits, despite now raking in tens of billions in profits each year
Comment from : Durgenheim

This didn't age well
Comment from : k

Can we get a normal one please? I don’t like filters lol
Comment from : The “S” Kicker

Someone remember the GM Coach & Truck División? (Greyhound Lines, Trailways, etc)
Comment from : Oxygenetion

RIP Pontiac
Comment from : EightyTwoBucks

Its all really just one big Saab story
Comment from : Gus Bean

It's crazy how GM's reign lasted exactly a century 🙃
Comment from : Eric Moreau

At one point GM was spending more money on healthcare for its employees and retirees than it was on steel for vehicles
Comment from : Corkfish1

The people of America killed GM every jackass buys imports
Comment from : CMC

why can't us small businesses get billions of dollars in tax payer money?
Comment from : Fierce

I always loved GM vehicles, Chevrolet especially, seeing all of this shit they got into makes me feel awful I hope they change for the better
Comment from : Valuable Wizard

The bailout was disgusting I can't believe the idiots actually gave them that much money What a stupid Administration Free market? Naw! Let's just buy out all the private companies and set up a monopoly for the government! Absolutely horrible
Comment from : Fleeting Memories

Gm makes junk
Comment from : ecosby100

I love it when CEO's and exec's of big companies fuck up so bad the company has to be bailed out and still recieve multi million bonuses for essentially running the company into the ground I'm looking at you CreditSuisse
Comment from : Toilet FX

What happened to our money (taxpayer)? Just puff? Gone?
Comment from : Zhuge Liange

There is a world…brwhere Holden still existsbrwhere NEVS is a succeeding brandbrwhere Pontiac stays instead of Buick for North America (Buick stays for China)brwhere Oldsmobile fills the gap left by Buickbrwhere Saturn succeeds under Penske and Renaultbrwhere Daewoo is a serious competitor to Hyundai and Kia
Comment from : Mikeytheweirdo

Tbh if I had been in that hearing and asked the questions I would've lost it That guy was supposed to be the CEO, the guy in charge, the face of the company and he couldn't even answer a simple straight-up question They went to the hearing to ask for money and upon being asked how much money they needed he couldn't answer Unbelievable As such based on the "answers" he gave there was literally zero confidence their business had any future under their current leadership Sure some jobs were saved, but at what cost? Wouldn't a forced merger have made a lot more sense considering all domestic competitors were in the same boat anyway?
Comment from : Jason Nchuleft

Sooooooo, GM being able to fund this years Le Mans campaign is a good thing?
Comment from : Cactus

That part posted when Wagner forgot how to speak and bumbled and made up numbers, I'd have shut him down right there I don't have patience for stupidity Should have come here with your ducks in a row Apparently this isn't important, or you would have I would have turned to the rest of the council in the middle of his sentence and said he doesn't have my vote, and walked away
Comment from : Point Vector

Private Jets aren't that bad of a cost when you pack it full & make everyone work during the flight 😂
Comment from : Effervescent_Smegma

Congratulations! The documentary is quite enjoyable Maybe, there should have been more room for topics such as the competition from German and Japanese car makes; the buy-backs folly that went on at GM for many years; the birth of GMAC and the confused direction that white collars tried to give GM, just to avoid facing the dire realitythat they were not able to make cars as well as they once had used to
Comment from : Carmine Iuorio

GM as a company has always been an inefficient bohemoth that leaked money from every single pore of it's being, today is no different The one that always sticks out so clearly to me is Opel/Vauxhall brbrBrought by GM in the early 20th century, and made a loss every single year since 2001 GM publically stated it was a financial basketcase and couldnt be saved so they lost the will to try and sold it to Groupe PSA (now Stellantis) in 2017 PSA said, based on the information supplied by GM, they only expected to make a profit from it in a decadethey managed to turn it round to being profitable within 18 months Within 3 years, they had dropped every GM platform and stopped paying licencing costs to them for their technologyit's now the second most profitable arm of the group It was a very simple task in reality, PSA were not miracle workers; they just considered the problems and went to bat fixing them, something that GM never made a real effort to try This inaction is something thats been apparent in every division they have
Comment from : Sloeginandsleep

❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤
Comment from : GrooveWorldMedia

No surprise, when a company is runned by greedy ass shareholders that doesn't care about customers,
Comment from : Raymond Haley

car companies destroyed by GM - Pontiac, Holden, Saturn, Beaumont and SAAB among others
Comment from : J

It’s interesting that the central tower of GM’s headquarters, the Renaissance Center, is a shiny cylinder shaped building just like the attraction they sponsor at Epcot under their Chevrolet brand, Test Track br brThis is likely a coincidence as the Test Track building was designed in the late 1970s and opened in 1982 as The World of Motion which was sponsored by GM under the GM corporate name itself br brThe Renaissance Center opened in 1977, but GM didn’t move into it until 1996
Comment from : Blatsen

The big three ruin brands Just ask the Japanese companies that worked with them Unfortunately the passenger car divisions of Isuzu and Suzuki didn't survive in the us and Mazda is slowly getting back on track
Comment from : Jamal Fakih

Why was it so hard to get a lm actual answer out of GMs ceo like god damn!
Comment from : Lil Lilith

If they hadn't flown in private jets they could've avoided bankruptcy
Comment from : chesswealthy

They will be bankrupt again in the next 3 years
Comment from : Aaron McQuaid

watching some retired old white male talk to some younger pod person like a father trying to get the truth out of his four year old son
Comment from : nocomment

goverment motors
Comment from : Farleyeccles Gaming

My mother's favorite car is THE CORD
Comment from : private delete button google is missing

Laughlin Thomas Motors
Comment from : private delete button google is missing

GM will never be forgiven for killing Saab, Holden and nearly Opel and Vauxhall Cost cutting may work in the US but a lack of quality is a killer in other markets
Comment from : Money Sleeping

more recent is Flybe an international airline
Comment from : Kartingdriver234

It's an old corporation expression The business was too top heavy & ready tumble Too many overpaid pen pushers
Comment from : WICKEDLEE LOOPY

I'm sitting here playing my video game and listening, I just wanna say, I can't begin to fathom the amount of money they are detailing in this video cheers bsf, and all viewers
Comment from : storm filter

Fuk GM
Comment from : Medic311

GM is still a good company
Comment from : Alexander Gillingham

Gm still has a plant in flint
Comment from : Valeo1993

GM - Gruesome Murderer - didn't just Kill Oldsmobile, Pontiac, Saturn, SAAB, and the EV1 Electric Car, GM Killed Americans, hundreds, simply because they could It almost like GM hates the car business and lives the Killing business Republican Capitalism
Comment from : AMG Guy

Absolutely disgusting lol Mark my words, I’ll never buy an American car again
Comment from : Jawn Hansen

"Government Motors"
Comment from : Jack OESTERLE,Jr

Mmm
Comment from : Aløngjr⁵⁵⁵

Toyota ended Partnerships with GM for the same reasons customers stopped buying their vehicles Low Quality, Poor Reliability and Inefficiency on a scale never seen before!
Comment from : Lilibeth Doherty

They was way better vehicles before 2008 My family has owned a couple post 2008 and they aren’t good anymore Plus in order to buy one now you have to ask yourself can you buy from a company that didn’t pay back the last 33 of their loan aka Bail out? I know I can’t
Comment from : Jonathon Mecklenburg

Let GM get bankrupt a second time
Comment from : Akaalis Benjamin

GM was everything in mid 20th century
Comment from : Tercera República Española

Im not even surprised
Comment from : Christy Li

Michael Moore has never made a "fantastic" documentary in his life Documentaries require, REQUIRE, objectivity, especially political objectivity Keep that in mind in your future endeavors, young man In 2008 you were what, 10? Keep this in mind as your make your various videos: human memory is logarithmic, not linear That's why actual documentaries require factual and objective commentary, not commentary based on memories or feelings Any time you feel like saying "I think", or "I feel", you need to take a step back and examine what you're about to say Documentaries based on feelings or political bias are nothing more than opinions, and you know what they say about opinions, they're like assholes, everybody's got one
Comment from : Stacey Ward

Just give him a fucking number I would t have helped either He couldn’t just give info!
Comment from : Bully Homestead

When you make sh!tty cars for decades, this is what happens We only hear about the great new cars GM made in "recent years" at the end of the videobrbrThe fact of the matter is that GM brands from the 1970s through the 1990s never put as much craftsmanship or quality control as German powerhouses Mercedes-Benz and Volkswagen Nor did they keep their expenses in check the way that frugal Toyota, Honda, Nissan and Mazda didbrbrEven Ford wasn't in as bad shape as GM They just sucked as a car company for at least 25 years, if not longer They failed to keep up with their competition, which is now, even stronger with the rise of Korean makes Hyundai and KiabrbrThe only car I ever wanted from GM in my lifetime was a Chevrolet SS (last model year 2017), which was basically a Corvette engine in a rebadged Australian Holden Commodore The only American car I've ever owned was a Ford Ranger pickup 💁🏻‍♂️🚘
Comment from : TuNnL

Thank god they sutvived, other nations support their car industry
Comment from : John Smith

No mention of the number of customers GM killed with the faulty ignition switch?
Comment from : 4021095 gmailcom

My dad worked for GM for 28 years He was the head of his department at the facility in Oak Creek, WI At the time they had a “30 and out” program where an employee could retire and receive pension after 30 years of working for the company He was laid off right before Christmas, wherein they hired non-salaried, younger employees for cheaper while they restructured It was a real shit Christmas, and it took my dad 9 months to find another job, I’m sure due in part to it being emotionally difficult to have this pulled out from underneath him He did find a job at Rexnord and worked for them for another 10 or so years, but without that pension, and my little brother being special needs, my parents basically have nothing to fall back on because they were relying on that pension all while doing everything medically possible to ensure my brother’s wellness Feels bad man
Comment from : Stephanie Schultz

They should have never been bailed out They could have gone through bankruptcy on their own and come out much leaner and more productive this was a bailout for all of the fat pensions and liabilities that GM promised when times were better
Comment from : Alexander Ryan

GM was a good company, in the UK Vauxhall's were reliable cars up to about 5 years old but you always had the sense cost cutting was happening and actually they could have been even better
Comment from : Devon896

It’s never “taxpayer money” it is debt from the FED Swapping one debt for another Oh and mary barra took good care of herself too
Comment from : SoS

Most of people only know this company cuz they sponsored Dale Earnhardt's #3 Car
Comment from : Hero Kurogane

Used to work under GM for Opel Until they got sold it was one of the best times in my life
Comment from : Sympathieträger

individual? You deserve to be poor 😠brCorporation? Government bailouts!!! 🥳 🙃
Comment from : Doc Possum

Team Japanese Honda and Toyota Best vehicles, change my mind
Comment from : liquidalloy

Glad to see they're doing SO much better today NOT!!!! In spite of $B's in taxpayer bailouts, they're still failing Zombie corporations need to go
Comment from : wtf_ usa

Hey how about an update? Does the government still own 75 How is the future looking? Did the tax payer get paid back for the loans? Thanks 🙏
Comment from : Ed Mac

possibly one of the evilest companies America has ever produced
Comment from : poopoo

Of course top heavy institutions fail in hard times, it's like balancing a morbidly obese clown on a stick Nobody is worth what even the lowest paid executive getsbrbrNo individual should have that power
Comment from : Hayden Travis

It's great that my tax dollars bail out a company and I still can't afford one of said company's new vehicles
Comment from : PMM4177

You can thank Obama for the 08 recession and $5 a gallon for gas kinda sounds like where Biden is headed
Comment from : PMM4177

My dad makes his living from third-party car part manufacturing, and one year took me on a trip from Michigan to DC for my birthday when I was 11, and one of our stops during our vacation was at Congress, where we took a big tour At the end of the tour, we went to the viewing gallery of the US Senate, and they were talking about the financial bailout of General Motors and other companies, with Sen John McCain speaking in opposition to the motion It was really interesting to me, but was even more important for my dad, to see the life of my father and the continued relevance of our state economy debated on by a former presidential candidate he respected in the name of fiscal conservatism and austerity Crazy how we traveled across the country only to get a look at the problems on our doorstep
Comment from : The Apocalyvid

Wasn't the CEO'S and the boards annual salary the highest in the company's history and climbing, even through the bailout?
Comment from : MazinCray

You should make one on the WWF New York restaurant
Comment from : Travis Manney

That CEO is a disgusting slimeball
Comment from : Nimbus Shadow-Wings

They never should have bailed out GM
Comment from : Matt Man Productions

I have a 1984 Newsweek mag telling of GM woes Change some bigwig names and the same problems existed in 2008-9 It took a calamitous collapse to force true and (mostly) effective restructuring
Comment from : Arne Sahlen

Government should have decreed NO golden handshakes I remember the fury levelled at those execs flying private jets to beg for gov't help!
Comment from : Arne Sahlen

How are you a drug dealer trying to arrest me for drugs? Make it make sense UNCLE SAM 🤮 You’re a looser
Comment from : Ugine Mulahoo Graham

Because of making tanks a Ranger milatery museum Park
Comment from : Cash Brooks

GM is such a terrible company, CEO taking home millions while company is going under, killing off a dozen historic brands, moving factories overseas, and both of my GM vehicles (2009 Malibu and a 2022 high country Silverado) had a SLEW of electronic issues, the 2022 in particular going back in for warranty or recalls so often that we only drove it for about 4 weeks in the 6 months we owned it before selling it back
Comment from : murled

Absolutely disgusting Let irresponsible companies with incompetent management die After 08, I decided to never purchase GM in the future
Comment from : ChatBot1337

Congressman: Ok, just tell us how much money you need, and we'll cut you a checkbrWagoner: Wellumm you see, there's lots of factorsbrCongressman: 😮‍💨
Comment from : Machu Pikachu

Where is the intro audio from?
Comment from : AJayAnswersYou

I love how even well before and after after the crash and bailout, GM still makes hot peices of shit that they call "cars"
Comment from : Jupiters Ghost

and Ford stood on its own feet, 😋 bragging rights for ever, Ford beat GM
Comment from : 351 Cleveland modified motor

When are they planning on paying back the US tax payers? Surely that would be the morally correct thing to do?
Comment from : Gertrude

After they killed Holden I'll never buy a single GM product ever There scum and not worth my money, time or effort I hope they do eventually become bankrupt Take you filthy GM crap out of Oz and never come back
Comment from : Stuart Rowley

For the first time, I own an "AMERICAN" car! A 2016 Buick Cascada Convertible & I love it! It was mfg'd in Poland It will probably be my last car so I got the maximum strength extended warranty
Comment from : Richard Wernsing

America is a shithole prove me wrong
Comment from : sugarblunt

GM should have stayed bankrupt
Comment from : kevin r

Don't pay taxes asks for tax money, refuses to elaborate
Comment from : Gunslinger I Lv

I will still never forgive General Motors for killing Pontiac They should’ve killed Buick instead tbh Pontiac had just gotten their brand back on track and had some newer cars that had better styling and performance Pontiac really built the excitement for GM
Comment from : XGS1AYERX

I'd take gm over and have a reasonable program in 4 years I believe, turn a profit, by doing the old thing and offering mobility to the public
Comment from : M

Congress; can you tell us how much money do you need to survive long enough for us to come to a decision?brCEO; I'm sorry sir, I can't do thatbrThe United fucking States everybody
Comment from : Lord Drayvon