O/T GM the big evil!!!

[benebob]

So I just read that GM which has bought Daewoo has decided not to honor the warranties for any Daewoo sold in the US. Apparently this is legal b/c they did not buy Daewoo of America which has now gone under of course b/c they have no cars to sell and have not been getting reimbursed for warranty work (oh yeah GM has also said they won't be paying for the work they've already agreed they'd pay the dealerships for. What a pathetic business move. If I had ever been dumb enough to buy a GM product it would be traded in elsewhere tomorrow. Then again, at least they aren't abusing labor laws like VW and Chrysler yet. Gotta love being able to pay your workers $10 a day in Mexico so that you average $2200 net profits per vehicle and then claim that you should compete equally with other companies. Oh wait! That's what they are gonna be doing with the Daewoo brand.

[mohrds]

Damn.

Damn.

Damn.

Interesting story. This sounds like a classic story of corporate greed. You don't buy a struggling company and help rebuild it by pissing off all existing customers, you think they'll buy another GM/Daewoo??

Unfortunately people will. Society has such a short memory and corporations feed off of that. Don't be surprised if Enron stock starts taking off again in about 5 years.

I wonder how long those 10 year Hyundai warranties will be around?

Doug

Makes perfect sense to me. GM did not buy Daewoo America. The bought Daewoo Korea. Certainly the Daewoo customers in the USA are going to be pissed, but GM has no duty to them at all. All the arrangements warranty and parts-supply wise were made between Daewoo America and the American customers.

GM has nothing to do with Daewoo America, other than the fact they bought a related companyu with the same name in a different country.

I'll bet you can pick up a Daewoo for a song nowadays. I considered going into business supplying spare parts for Daewoos (from Korea) up until I realized I could not do so profitably when the folks who bought Daewoos to begin with were not likely to be able to afford the premium I'd have to charge for the parts.

At least with the SVX, folks who buy them tend not to be broke. At first anyway.

[Mr. Pockets]

Really, though, how many people in the US have bought Daewoos? It's not like GM bought Toyota and now aren't going to honor Toyota warranties. We're only talking a relatively few customers, so it's not going to hurt any future Daewoo sales GM has plans for.

It's unfortunate for current Daewoo owners, but they were going to lose Daewoo's commitment to those warranties when the company folded, anyway.

As much as I dislike GM's products, I don't blame them for this decision.

[CigarJohnny]

DUH!
I find it hard to fathom the logic in a move like that. I work with a girl who had trouble enough getting her Daewoo worked on before this happened. They sure as hell won't get any repeat buyers but in short time people will forget the pre-GM Daewoo's and begin to buy the new ones if they through enough money into marketing them.

[benebob]

Daewoo sold what maybe 200,000-300,000 cars here. If GM had half a brain they would've just told these customers to take them to the nearest GM dealer for service. Its only 5 years here and the car has been at least 3x as reliable as a GM over that time. Maybe then GM could woo these buyers into a Saturn or Cavalier just b/c of the service. Then again I guess it wouldn't work since none of the GM mechanics could figure out the engine since it doesn't have pushrods and sound well like my Brat when I need to change the oil . As for owner loyalty this and the fact that I hit a wall at 65mph, rolled twice and only broke my ankle in 4 places in my Impreza. Not bad for not being belted it. The Jeep Cherokee I was in that hit a curb at 25mph screwed up my knee for life and I was belted just fine .

[mohrds]

Originally posted by Vern!
Makes perfect sense to me. GM did not buy Daewoo America. The bought Daewoo Korea. Certainly the Daewoo customers in the USA are going to be pissed, but GM has no duty to them at all. All the arrangements warranty and parts-supply wise were made between Daewoo America and the American customers.

GM has nothing to do with Daewoo America, other than the fact they bought a related company with the same name in a different country.

While I respect the legality of the transaction, its still an unethical move and a scam of the working people. Daewoo of America never built cars AFAIK and only sold Daewoos built by Daewoo of Korea. Part of the legal separation of the two companies was probably just in case they need to do a strategy like this to ensure that the top dogs didn't loose money.

Its still dirty pool, no matter how you slice it up. If Daewoo was in trouble, they should have folded completely or been bought in whole by another company. I don't know if Daewoo of America is publicly traded, but if they are, its just another case of rich bastards stringing their webs and legal trickery and letting the little people take the fall and loose their money.

Doug

[Mr. Pockets]

Originally posted by mohrds
I don't know if Daewoo of America is publicly traded, but if they are, its just another case of rich bastards stringing their webs and legal trickery and letting the little people take the fall and loose their money.

Doug

Oh, I know! Capitalism is just so evil! Where's the local socialist movement? I'm gonna sign up.

:P

Gimme a break, Doug. Disagree with GM's decision all you want, but flat out accusing them of unethical behavior and corruption is a little unfounded in this case.

GM was hardly motivated by some deep hatred for the consumer. They made decisions that they determined were best for the company, and I'm sick and tired of people blaming companies for that. My own company just did something in self-defense that personally affected me. It sucks, but the decision was reached reasonably and has valid supporting arguments. While I don't like the decision, I'm not going to whine about my company defending itself. I'd be far more worried if it didn't.

[CigarJohnny]

Originally posted by Mr. Pockets
Really, though, how many people in the US have bought Daewoos? It's not like GM bought Toyota and now aren't going to honor Toyota warranties. We're only talking a relatively few customers, so it's not going to hurt any future Daewoo sales GM has plans for.

It's unfortunate for current Daewoo owners, but they were going to lose Daewoo's commitment to those warranties when the company folded, anyway.

As much as I dislike GM's products, I don't blame them for this decision.

I suppose you are right, now that my ire has been quieted. They would lose them anyway once they folded under. But if there are so little of them sold, why not cover them on good faith. Who would by a used one if there was any question as to whether it was under warranty? If the used one's are questionable, then it stands to reason that the rep would make people wary of buying a new one as well.
What GM will probably do is rebadge them as their new entry level cars and no one will be the wiser, just like they did with the Chevy Sprint and Spectrums before they came out with the Geo name.
Who knows...who cares

I don't know all the facts here but I was wondering if in fact that Gm did buy only the korean division, and knowing that GM does do significcant sales oversees did anyone stop to think that they might have no intention of selling daewoo in america at all or as mentioned above only import with a GM badge? Then it would make sense that there would no longer be any daewoo in america and therefore there is no point to them backing any warranty?????

-G

[mohrds]

Originally posted by Mr. Pockets


Oh, I know! Capitalism is just so evil! Where's the local socialist movement? I'm gonna sign up.

:P

Gimme a break, Doug. Disagree with GM's decision all you want, but flat out accusing them of unethical behavior and corruption is a little unfounded in this case.

I retracted this reply because it will help not clear up anyone's mind. It will only fuel an unnecessary feud.

Don't EVER accuse me of being a socialist.

Doug

[mohrds]

[benebob]

Originally posted by CigarJohnny

I suppose you are right, now that my ire has been quieted. They would lose them anyway once they folded under. But if there are so little of them sold, why not cover them on good faith. Who would by a used one if there was any question as to whether it was under warranty? If the used one's are questionable, then it stands to reason that the rep would make people wary of buying a new one as well.
What GM will probably do is rebadge them as their new entry level cars and no one will be the wiser, just like they did with the Chevy Sprint and Spectrums before they came out with the Geo name.
Who knows...who cares

Daewoo is gone in the US. Legally GM doesn't have the right to sell them here. Yes this is an unethical thing for them to do b/c in fact they kept telling the dealers who were selling the last of the cars that they would be reimbursed for their warranty work and they weren't. GM didn't get screwed they made out like bandits. The consumer and the dealers are the ones who got screwed. If you can buy a GM product by all means go right ahead but if you care to buy products which are made by ethical companies they I hope this shows that GM is not a good company. Remember Subaru achived 0 emissions at one of their Japanese plants this past year. GM couldn't even do that on none production day. The way I look at it evil is as evil does. Bottom line, if you use a product from an evil company then your as evil as they are. It just amazes me why people don't realize why everyone else in the world hates Americans.

[Mr. Pockets]

Originally posted by mohrds
Don't EVER accuse me of being a socialist.

Doug

I didn't. I made the joke myself.

Anyway, my reply, while valid, was not stated in an appropriate fashion. Sorry.

If I may insert a thought here, and I could be wrong, but I recall reading that there is 20% ownership of Subaru by GM. So, insaying that one should not ever own a GM product, one is saying that he/she should not own a Subaru?

-G