GM FastLane Blog

GMBlogs.com

Fritz Henderson Chat: Follow-Up

Thanks to everyone who joined us for my first webchat on Monday morning. I enjoyed the questions, and I’d like to do this again in the not-too-distant future. I thought we did pretty well, answering 17 questions in 30 minutes – and then I looked at the question queue and saw that we’d received 179 questions overall! There was no way to get to all of them in 30 minutes (imagine answering a question every 90 seconds and still missing ten for every one you answered!), so I wanted to try and answer some more of them here, a few at a time.

We received several questions from employees about the future of various manufacturing sites, so let’s tackle that subject first. First of all, we are currently in discussions with the United Auto Workers. As I have said on several occasions, everything is on the table – and that has to work both ways, so we want to hear their thoughts and concerns before finalizing our plans around plants and sites that will be closed in our reorganization. We expect to finalize our decisions shortly and will convey those decisions at that time, but we honestly haven’t gotten there yet. But even if we had, I don’t think it would have been appropriate for me to announce those decisions in a webchat. Out of respect for our employees, we want to have those conversations with all of our employees first, face to face whenever possible.

Q. With the declining number of brands, maybe GM can provide the remaining brands a fuller lineup – any comment on flagship sedans for Cadillac or Chevrolet? (Brian Beringer)

Brian, we have big product and technology plans for all our brands. Chevrolet is already loaded with great cars, crossovers and trucks with a lot more coming like the Cruze, Spark and Orlando – and of course, the Volt. And we’ve got some great new Cadillacs, as well as Buicks and GMC cars in trucks in the works. Each week I join our Design chief Ed Welburn, the head of GM Product Development Tom Stephens and a few others to tour GM design and look at future cars and trucks. It’s great to be reminded what this business is all about, and it fills me with optimism about the new GM. I promise you that we have new vehicles that will blow you away.

Q. With so much US taxpayer support, why shouldn’t the government demand you reopen US plants and get US workers working again vs. non-US plants (i.e. Mexico)? (Wes Winn)

Wes, first of all the loan money we’ve received from the US government is in fact going toward our US operations. But the government also recognizes that we are a global company, and that it makes sense to build where we sell – and to use the profits from those local operations to boost production in those regions when market conditions demand it. We don’t only do business in the United States, we don’t only collect revenue in the United States, and for the long-term health of our business we need to continue to make business decisions based on business sense. That said, the percentage of our vehicles sold in the US that are also built in the US will remain virtually the same in the coming years as it is today. Our intention is to keep our US manufacturing capability in line with US market conditions – as the economy improves and the auto market returns to more normal levels, our manufacturing here in the US will keep pace.

Q. What is your unbiased opinion of your UAW employees? (James Garrett)

Thanks for your question, James. In two words: respect and partnership. The people who build our cars and trucks are the heart and soul of GM, and I know how hard they work. I think that in the current environment our hourly employees have been portrayed quite unfairly. We will all be making sacrifices – salaried and hourly – but the necessity of that sacrifice should not be read as blame; our workers make the best cars and trucks in the industry, and I’m proud to be in the same company with them.

Q. If GM does file for bankruptcy, how will that affect day to day operations? Will things have to shut down? (Robert Allen)

Robert, we received several questions along these lines, so I’ll use your question to make several points. The short answer is that for most GM employees, day to day operations will probably not change even in the case of a possible Chapter 11 filing. Even with a filing our goal is to continue building great cars and trucks, with what I consider the best employee work force in the industry. That’s one of the things I really want to emphasize: Chapter 11, if it should come to that, does not mean we are calling it “quits.” It would mean that we would be using the bankruptcy laws as a tool to accomplish our stated restructuring plan. We’d be reorganizing our company, but we would still be in business.

Q. I work at the Dealership level. If Chapter 11 happens, how will it affect us? Will we be able to get parts to service our customers? (Rob Speers)

I can assure both dealers and customers that you will be able to get parts to service your customers and vehicles. As I said above, reorganization does not mean “out of business,” and we will continue to service our customers and remaining dealer network as we always have.
In the next few days, I’ll use FastLane to answer some more of the questions we couldn’t get to on Monday. Please bear with me and understand that there is a lot going on right now, so if it’s a couple of days I hope you’ll be patient with me. Thanks again for your questions!

74 Comments

Leave a Reply

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)

To protect against spam, off-topic and abusive comments, all comments are reviewed before being posted to the blog. Please limit your comments to two on each topic and don't use all caps. Also, please note that some comments related to specific ownership issues are forwarded to customer assistance rather than posted here.