heinrocket retires big loss for gm performance
11-05-2008, 09:02 PM
#1
Race Director
Thread Starter
heinrocket retires big loss for gm performance
damn sucky that he is leaving so soon at gm atleast he hung in there to bring the best sedan GM has ever offered!
http://www.autoblog.com/2008/11/05/g...nricy-retires/
http://www.autoblog.com/2008/11/05/g...nricy-retires/
11-05-2008, 09:41 PM
#5
Le Mans Master
I bet they have implemented an early retirement incentive package.
11-05-2008, 10:18 PM
#7
WTF!? Why is GM throwing out the baby with the bathwater? What else are they going to have if they let their performance division go to hell? The guy that is replacing Wallace was GM's global rear wheel drive line executive. Again.. WTF!? They just let some other very talented engineer go that was in charge of the LS3, LS7 and LS9.
Next thing we'll hear is that they are pulling the plug on Corvette Racing while sticking with NASCRAP. NASCAR is the first thing that I'd pull out of if they are hurting financially. It doesn't do anything for GM.
Heinricy is great. When I heard that David Hill was retiring, I was surprised to hear that Heinricy wasn't replacing him. I was happy to hear that a fellow racer like Wallace was getting the job though. Now, they have some vehicle line executive handling the Corvette along with the rest of the rear wheel drive platforms.
I can't wait to see what kind of pay increase the board gives Wagoner for these decisions.
PS: I remember going to a weekend DE at Gingerman a few years back. We got there early the night before the DE, so we went out to the track to take a look around. Heinricy and the team were testing and tuning the CTS-V before it hit production. They were pretty secretive about it and asked us to leave. We understood and took off. The car was cool though. It sounded great!
Those guys will be missed!
Next thing we'll hear is that they are pulling the plug on Corvette Racing while sticking with NASCRAP. NASCAR is the first thing that I'd pull out of if they are hurting financially. It doesn't do anything for GM.
Heinricy is great. When I heard that David Hill was retiring, I was surprised to hear that Heinricy wasn't replacing him. I was happy to hear that a fellow racer like Wallace was getting the job though. Now, they have some vehicle line executive handling the Corvette along with the rest of the rear wheel drive platforms.
I can't wait to see what kind of pay increase the board gives Wagoner for these decisions.
PS: I remember going to a weekend DE at Gingerman a few years back. We got there early the night before the DE, so we went out to the track to take a look around. Heinricy and the team were testing and tuning the CTS-V before it hit production. They were pretty secretive about it and asked us to leave. We understood and took off. The car was cool though. It sounded great!
Those guys will be missed!
11-06-2008, 04:53 AM
#9
Team Owner
Friday sounds like a real bad day for Ford and GM. Buyouts will be gone I think there will just be many layoffs
11-06-2008, 07:10 AM
#11
Melting Slicks
Seems as if we may be entering the "dark ages" of Corvette development alot like the cars of the 73-82 era......
Good thing people like Hill, Heinricy,and Wallace have given us such stellar cars recently to cling on to....and their legends will live for some time.
Things will not be the same I am sure......They will be missed for certain.
Good thing people like Hill, Heinricy,and Wallace have given us such stellar cars recently to cling on to....and their legends will live for some time.
Things will not be the same I am sure......They will be missed for certain.
11-06-2008, 10:04 PM
#12
Safety Car
Yep--knew that the late '90's-early 21st century would be remembered as the good 'ol days of hp. Didn't want to wait until I was retired to own a vette because they might not be any at that time.
11-07-2008, 10:38 AM
#15
Melting Slicks
Member Since: Sep 2003
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)Too bad but I'm guessing that the smart guys are getting out while they can still get paid.
11-07-2008, 05:40 PM
#19
Le Mans Master
Leaving does not appear to be optional.
5,650 for the yr.
GM Says It May Run Out of Operating Cash This Year
By Jeff Green and Mike Ramsey
Bloomberg 2008.11.07
"GM also said it will try to slash 30 percent of salaried-workforce
expenses, up from a goal of 20 percent."
Ford Has $2.98 Billion Operating Loss as Sales Plunge
By Bill Koenig
Bloomberg 2008.11.07
"Salaried-personnel costs in North America will be trimmed an
additional 10 percent by the end of January, expanding on a
15 percent reduction this year, Ford said. The company had 22,600
salaried employees in North America as of Sept. 30. Merit-pay
increases for such personnel also will be eliminated in 2009.
Buyouts for U.S. factory workers in the quarter totaled 2,600,
as employees accepted offers of as much as $140,000 for them to
depart."
From the numbers presented for FORD, it looks like they will trimBy Jeff Green and Mike Ramsey
Bloomberg 2008.11.07
"GM also said it will try to slash 30 percent of salaried-workforce
expenses, up from a goal of 20 percent."
Ford Has $2.98 Billion Operating Loss as Sales Plunge
By Bill Koenig
Bloomberg 2008.11.07
"Salaried-personnel costs in North America will be trimmed an
additional 10 percent by the end of January, expanding on a
15 percent reduction this year, Ford said. The company had 22,600
salaried employees in North America as of Sept. 30. Merit-pay
increases for such personnel also will be eliminated in 2009.
Buyouts for U.S. factory workers in the quarter totaled 2,600,
as employees accepted offers of as much as $140,000 for them to
depart."
5,650 for the yr.
Jan-Sep: 3,390 [(1.15 * 22,600)-22,600]
Oct-Jan: 2,260 (10% of 22,600)
.
Oct-Jan: 2,260 (10% of 22,600)
