eMOTION! REPORTS MEDIA ADVISORY 12/20/11 - 2011/2012 Auto Industry Analysis: GM Bankruptcy Wholly Unnecessary; Had More Assets Than Ford - US President Was Inappropriately Advised

Shanghai GM Headquarters; Chevy Volt    Image: GM

From the Publisher:

Detroit  -  (12/8/11) This new analysis, due out December 20, 2011, will show that GM's bankruptcy was forced and wholly unnecessary, especially in light of the fact that the company's global assets exceeded that of Ford, who, under the leadership of Alan Mulally, and supported by the Ford Family and company board, wisely chose not to follow GM's path. A path that nearly destroyed the company and contributed greatly to the country's economic meltdown.

Shenzhan: Urban Modernity Fueled by Western Naivete  Image:  PRC

Despite its relative success, and boasting of China production and sales milestones (note: the authenticity and accuracy of such numbers continue suspect due to provable falsification of China statistical manufacturing data over the past several years) GM is a mere shadow of its former self, run by an executive leadership mostly comprised of personnel who have no business running an auto company. Indeed, a leadership who is at this juncture acting as pawn to a communist, dictatorial China government where there is no true private industry. And, as laudable as their stance relative to SAAB apparently is, one cannot help but wonder if this is part of a grander strategy that will ultimately see that Swedish icon completely absorbed into the China auto industry collective with GM's blessing.

The analysis will also show that the coterie of Presidential advisors involved in the making of a momentous decision leading to bankruptcy, had no true industry expertise among them, but were instead acting in the best interest of certain elements of Wall Street in collaboration with the Chinese financial sector. Former GM Chair Rick Wagoner and the company's leadership overall believed up until the moment President Obama called at 9pm EST Sunday, 31 May 2009, that they would not be forced into bankruptcy. Moreover, they had been advised by their Capitol Hill based people that "bankruptcy was off the table".

As of now, GM has lain the groundwork wherein its US workforce rolls. both administratively and in manufacturing, will be pared to an absolute minimum, an assertion all but confirmed by CEO Dan Akerson's recent -and rather ironic- comments in the Detroit News likening GM corporate culture to that of "The Communist Party in China in the 1960's", while comparing the historically provable vastness of the "GM Empire" to the former "British Empire". Thus implying the sun had set on both as justification for his actions.

What will become clear is that GM's "sleeping with the Dragon" may well prove to be its undoing... From the 12/20/11 analysis - Myron D. Stokes

Related:

From the archives - http://slidesha.re/6QiDnp http://slidesha.re/K6brD

The Chinese Hand That Bailed Out GM (China Daily 12/9/11) http://www.chinadaily.com.cn/cndy/2011-12/09/content_14236887.htm?bsh_bid=49705817

The United States China Economic and Security Review Commission Annual Report to Congress

http://www.uscc.gov/annual_report/2011/annual_report_full_11.pdf

http://en.wikipedia.org/wiki/Economy_of_the_People's_Republic_of_China
http://chinadigitaltimes.net/2011/09/chinas-puzzling-numbers/
http://www.pressreleasepoint.com/printpdf/431069
http://detnews.com/article/20111207/AUTO01/112070327/GM-trims-salaried-workers

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Archives: FORD F-150 NAMED TRUCK OF THE DECADE BY AUTOMOTIVE/AEROSPACE INDUSTRY WEBSITE; GT IS PERFORMANCE CAR OF 2005



Publisher M.D. Stokes presenting first eMOTION! automotive award to then Ford Div.President Jim O'Connor for 2002 Thunderbird


Chicago. – February 4, 2004 eMOTION! REPORTS.com, an automotive/aerospace industries research and analysis site (http://www.emotionreports.com/) that targets professionals within the academic, media, corporate and government sectors, announced the second phase of its annual vehicle awards program which now includes aerospace. Categories include Car of The Year, SUV of The Year, Technological Achievement of the Year and special awards in both categories.

"In September, we named Cadillac CTS/CTS-V as Car of The Year 2003/04; Lincoln Aviator as SUV of The Year 2003, Toyota Prius as Technological Achievement of 2003/04, Bombardier’s Global Express as Business Jet of The Decade and Boeing’s superlative Globemaster III as Airlifter of The Decade," said Publisher Myron D. Stokes, an award-winning journalist/analyst formerly with Newsweek, Newsweek International and Newsweek Japan.

"We are pleased to announce at the Chicago Auto Show, recognized internationally as one of the premier automotive industry events, that Ford’s 2004 F-150 is named Truck of The Decade and Ford GT as Performance Car of 2005. The first question that will no doubt come to mind is why, in a veritable sea of great competition, F-150 can be designated as such? I think it best to let our awards committee answer the query, who note that ‘…F-150 is the best selling truck in the world and has been for a significant time period. The assumption was it would be difficult to continue that level of success with a new design -- and the consumer acceptance uncertainty that goes along with same -- amidst a plethora of excellent, competing designs.  Go to full release - http://media.ford.com/article_display.cfm?article_id=17411

Chicago Auto Show

2010 Ford Taurus SHO: An Earth-bound F-22 Raptor

2010 Ford Taurus SHO: A Twin-Turbocharged, Direct Injected, All-Wheel-Drive Result of an Automotive/Aerospace Engineering Mind-meld... Reportedly, a 400hp Version on Way         Image: Ford



Comprehensive Analysis pdf (forthcoming)

A Brief Analysis of Why The World's Auto Industry Should Be Concerned With GM's Sell-off of NEXTEER to The People's Republic of China

Publisher's note:        

If there was any doubt about the accuracy of assertions made in the ER analysis "GM's Transition to China" relative to who truly controls General Motors, the inexplicable sale of NEXTEER (formerly Delphi Division Saginaw Steering Gear) a tier one supplier of steering wheels to GM, Fiat SpA , Ford Motor Co, Toyota Motor Corp, Chrysler Group LLC, PSA Peugeot Citroen, along with automakers in South America, India, and China -- subsequent to the extraction of significant concessions from the UAW -- to the Beijing-controlled Pacific Century Motors JV, confirms it.  And, it is worth noting that 15 years ago in a private conversation, J.T. Battenberg III, former CEO of Delphi, was specifically warned of China's takeover intentions.


As far as eMOTION! REPORTS.com analysts are concerned -- with as much professional respect permissible -- the observably short-sighted, uninformed and irresponsible GM "management" team has just handed the automotive sector of the People's Republic of China a kill switch to its global competitors; assuming CFIUS (Committee on Foreign Investment in the US) permits this.

It goes without saying that if the aforementioned client base of Nexteer are not concerned, they very well should be.

 
- Myron D. Stokes

2009/2010 Auto Industry Analysis: GM's TRANSITION TO CHINA (6) eMOTION! REPORTS.com

2009/2010 Auto Industry Analysis: GM's TRANSITION TO CHINA (6) eMOTION! REPORTS.com

View more documents from eMOTION! REPORTS.com.

From this analysis:           

 As its presence grew, the evidences of China’s dubious human history were there to be seen by anyone who looked. Visions of the country’s forced one-child family policy, detention centers for those citizens seeking redress from corrupt officials, the Stalin-esque elimination of millions of elderly no longer able to work --aerial photographic evidence of the horror still marked as ’ classified’ in U.S. State Department/DoD archives -- (note: eyewitness accounts include those of contract air cargo personnel for the US military who reported “rivers choked bank to bank with bodies of the old and infirm, hands tied behind their backs, as far as the eye could see at our radar avoiding’ flight level and line of sight of seven miles. We used high-resolution cameras in our PBY to document these observations, with a death toll estimate partially corroborated by the Red Cross and other capable people of at least 70 Million’ ) in the days following Mao Zhedong’s ouster of Chiang Kai-Shek to Formosa in 1949, or college students who protested were avoidable if one looked in a different direction. Also ignored was China’s blatant disregard for anyone else’s property or intellectual property rights. (It was GM’s vice chair Bob Lutz who had noticed a Jeep driving around the streets of Beijing during a much earlier visit during his tenure with Chrysler. His Chinese host proudly announced it wasn’t a Jeep, but a successful copy of the Jeep, down to every detail.)

Consolidated PBY Catalina Flying Boat of The Type That Discovered Mao Zhe-Dong Ordered Atrocity Against Old and Infirm Chinese Citizens - Inclusive of the Complete Depopulating of Shanghai - Following the Ouster of Nationalist Forces under Generalissimo Chiang Kai-Shek in 1949 Image: United States Navy

From the press release:                       

6. Reveals, based on still classified data and imagery within US State Department and Department of Defense (DoD) archives, that Mao Zhedong, in a move echoing that of Josef Stalin, ordered the extermination of old and infirm Chinese he deemed unable to work in the aftermath of his defeat of the nationalist forces of Generalissimo Chiang Kai-Shek in 1949. The number of those killed in the days and weeks transpiring subsequent to order issuance, at least 70 million and as high as 120 million, exceeds by several orders of magnitude the known estimates in the 1949-1976 timeframe which included “The Great Leap Forward”. It is worth noting the higher estimate at the time represented half of the population of the United States. (note: Eyewitness accounts include those of contract Air Cargo personnel for the US military who reported ’rivers choked bank to bank with bodies of the old and infirm, hands tied with wire behind their backs, as far as the eye could see at our radar avoiding’ flight level and line of sight of seven miles. We used high-resolution cameras in our [Consolidated] PBY [Catalina Flying Boat] to document these observations, with a death toll estimate partially corroborated by the Red Cross and other capable people of at least 70 Million. We chanced upon this horrific scene while flying along the coast over the East China Sea not far from Shanghai, when we observed at least a thousand sharks headed inland. Having no idea what would be bringing the sharks in, we flew lower for a closer look and followed them up a river for approximately five or six miles to a sight we will never forget: a massive feeding frenzy on human victims.’)


mstokes@emotionreports.com
http://www.emotionreports.com/
248-809-1905

Site Maintenance Completed, Will Be Updated Shortly

2010 Ford Taurus SHO at The Entrance to March AFRB, CA  Image: ER

We are pleased to advise that site maintenance has been completed with an update to follow shortly.  Our new cover will be of one of the most technologically advanced high-performance sedans on the planet, Ford's 2010 Twin-turbocharged, Direct-injected, All-Wheel-Drive Taurus SHO.  A recent visit the left coast accorded our staff the opportunity to engage in real world testing with a run to the desert home of March Air Force Reserve Base.  Notably, it is an operations center for the world's most versatile airlifter, Boeing C-17.

On a personal note and by the sheerest coincidence, my father, scientist and inventor Dr. Rufus Stokes, ( http://www.eia.doe.gov/kids/energy.cfm?page=fp_stokes ) is buried at Riverside National Cemetery across from March AFRB near the convergence of Nimitz and LeMay Ways...

Carpe diem,
Myron D. Stokes