Chiefpontiac

Hey guys: I am new here but I am the originator of Savingpontiac.org. I thought all your comments were great and frankly if this was a normal situation there would be no chance. What we have is an abnormal situation. General Motors and the plant capacity is not owned by normal shareholders; it is owned by every Taxpayer in the Nation. Taxpayers currently own and vote 61% of the GM stock. At Savingpontiac.org we cannot predict who might run Pontiac, although if we were included that would be great. We have only proposed that someone other than GM could make a profit on this brand which is the size of BMW North America. We have also proposed that this Company would be run for the benefit of the Taxpayers. Not AIG or Goldman Sachs, or their ilk. It would be a gigantic project but the people to do this are available, they all were laid off. If a focused management team were allowed to operate like a real business and not part of GM, it could really work. Honda has a 25% gross margin on sales. GM for two years had a negative gross margin. It is possible. If you think that GM should have been able to save it. Remember that these guys collapsed a Company with a Market Capitalization as high as $56 Billion. Then they took $80 Billion from you and I and have now announced they will never repay it. A new team that is profit and brand focused could make this work. Since we, The taxpayers, own it why is it OK just to not do this any more? As to scam, we are self funded and in Atlanta. My name is Ben and my direct email is ben@savingpontiac.org. We have not made a concerted effort to raise funds, as yet, because of the credibility issue. I thank you for the thoughts and interest and if you can join and sign our petition that would be great! It is a low risk process that can only help us save this great Brand and likely 20,000 to 40,000 jobs NOW!! Ben