Worst Company In America: GM VS Chase
The Chase/WaMu banking monster? Or a soon-to-maybe-be-bankrupt-and-or-bailed-out car company?
It's #6 Chase VS #11 General Motors
This is a post in our Worst Company In America 2009 series. The companies nominated for this honor were chosen by you, the readers, and seeded according to number of nominations. Keep track of all the goings on at consumerist.com/tag/worst-company-in-america. Download the bracket here.
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I rent vehicles on a regular basis, and the GM models that I was given were poor in quality and not in very good condition in direct comparison to the imports that had twice the mileage and were in better shape.
I was warned by folks before taking the next vehicle out about them being over 25K miles.
I was given a Grand AM that just turned 25K on the odo and the CHECK ENGINE light lit up as if it was on a schedule. I took it to a branch agency and they gave me a slate black Altima that knew what it was about. I swear I was not speeding, but I got pulled over and given a warning ticket by the local Texas DPS.
Oh well, my vote went to GM.
@OmniZero: Haha I don't think even GM can make a car bad enough to fail at 10k miles! They try, but they do not succeed.
Let us know how it is at 100k :P
Saturns are really the only car within GM that I'd ever consider. Well... I don't actually think they're part of GM now.
Both are shitty, and both deserves high honors within this competition. However, my vote went towards GM.
Unfortunately for Chase, GM had the opportunity to not only accept bail-out money from the Government and then proceed to still not have a survivability plan, but they are also a single corporation that hold the jobs of millions (through it's own employment and suppliers) in it's hands whilst pissing away money on failed projects and lackluster designs that everybody knew was going to fail.
Seriously, GM? Your going to release a $50,000 "hybrid" Tahoe when the gas mileage improved a whole 4 miles? Who the hell do you think your kidding?
@dorianh49: why would you still consider buying a Saturn? Saturn used to be an independent subsidiary with its own engineering team, but now all of their vehicles is GM rebadge job, with the exception of the Astra (which is dead for 2009 anyway).
@ezmobee: I'm sorry to hear that. Next time, look into a Honda Accord. You'll never consider an American made sedan ever again.
I used to be a Wamu customer, now turned Chase. My Debit card expired, so the new one sent out to me was understandably a Chase card. Here's the kicker, There are no Chase banks in Cali so every time I need to do a banking transaction I would go to Wamu. Well in my area there systems hadn't been updated with the new Chase info so my only options to get cash were use the ATM, or if I needed more than my daily allowance (which i often do)I would have to write a Wamu check to get the money. Not a big deal but i must do this until May, and have been doing it since February. I still voted for GM.
@huadpe: I have GM losing to AIG in the finals. Based on these last couple of poles, Comcast might make sure that doesn't happen.
I really can't go either way on this one.
I love GM, my dad has an '05 Pontiac Montana with 98,000 miles and my mom has a '02 Buick LeSabre with 100,000 miles and neither have had any problems (knocks on wood). My first car was a '06 Pontiac G6 it is was a great car but I traded it in on a Lexus ES, not because I didn't like it, just because I wanted something nicer.
As for Chase, I am a college freshman and they are the only company that will give me a credit card. I was instantly approved for a student credit card that I have paid off every month for about a year now. No one else will give me a card.
I vote neither.
@OmniZero:
Most American cars can hold up for at least 2-3 years. It's at 3-5 years you will wish you had bought a Honda/Toyota/etc (unless it is a truck).
@Nighthawke: Actually the light is usually set to go off at 25,000 on some grand am models... mine did that as well. It is used to get people to get a tune up on the car, so people can change the fuel filter, rotate tires, etc...
@techstar25:
I own a GM SUV and used to bank with Chase. I love my SUV; I hate Chase. Easy decision for me.
@djsyndrome: Sorry, Chase was robbing our pockets and lives before GM was thought of. And they are still doing it. With Government money.
@watchout5: did you really just say J.P.Morgan was responsible for the great depression? the same great depression that happened 15-20 years after he died? JP Morgan al saved the country's banking system from the panic of 1907 by lending the banks money and saved the US treasury after the panic of 1893
[en.wikipedia.org]
you really need to educate yourself, he probably did more to establish this country at the turn of the century than just about anyone aside from Theadore Roosevelt
For blithely charging down the 12-cup holder SUV train tracks, ignoring what competitors were doing, long-term ecological trends, killing universal health care 40 years ago, then turning around and blaming the costs of our broken system to move jobs overseas and (pant pant pant) taking this whole mess and blaming it on the line-worker instead of the overpaid execs calling the shots, I blame GM.
Oh, and Paulie the Polar Bear waves hi, as he sinks below the featureless arctic seas. Wave to Paulie!!
@Saboth: This is something Ive always been curious about - Are American trucks somehow magically better than their cars? I would never buy an American vehicle again in a million years so I don't care to actually research it, but if its true it would surprise me that Detroit can do one thing right.
I don't understand why anyone is voting for GM. GM is merely an incompetent company that makes products that people don't want to buy and was a squeaky enough wheel to get the grease. Chase, on the other hand, is one of the companies instrumental in creating the financial ruin of not only the United States but of a fair portion of the entire world. And it isn't the first time they've done it! J.P. Morgan was one of the architects of the Federal Reserve, the federal income tax, was directly responsible for the Great Depression, and much more. While his blood and corporate descendants may not have quite lived up to his extreme level of evil, they certainly follow in his footsteps.
@Radi0logy: Interestingly enough, "American" trucks often fair much better than "American" cars. The Ford F-150, for example, is consistently one of the most reliable and longest lasting pickup trucks in Consumer surveys. "According to Consumer Reports's used car reliability history data, the 2004-2008 F-150 with the 4.2 L V6 engine is the most reliable American pickup truck ever produced in history." - Wikipedia [en.wikipedia.org]
Boy, sure are a lot of people around here blithely ignorant of how the car biz works. People, GM and Ford have been building cars the equal of anything from the Land of the Rising Sun for several years now. But don't take my word for it -- it's the official scientific survey from J.D. Power and Associates. And GM was building what America wanted to buy -- big trucks and SUVs were everywhere in the '90s and early 2000s, right? So they were supposed to predict a sudden spike of gas to $4.25 a gallon last summer and a massive bank panic that would mean nobody could get a loan to buy a car for the better part of a year? Listen, the Japanese and German governments are propping up their automakers too, not that anyone ever reports it.
Oh, and as for that GM hybrid SUV -- in the city that massive Tahoe gets better MPG than a freakin TOYOTA CAMRY.
It's fashionable to hate on Detroit, among the shortsighted anyway. But we aren't building 1974 Plymouth Fury III's any more. And if we go down, America turns into a big Argentina. No industrial base means no prosperity.
As for rental cars, heavens to Murgatroyd. They ALL suck because people drive the CRAP out of them. Last time I went to Enterprise they gave me a Nissan with 45,000 miles on it and bald tires. It was one rattle and squeak after another, and it hydroplaned in the rain. I didn't thusly conclude that Japan Inc. can't build a car though...
@parrotuya: Not sure if it's really a WCIA first. We were voting on a company *already* bankrupt and out of business, after all.
Some old saying about a cart and a horse comes to mind, though.
@dorianh49: My husband had a 1993 Saturn that we finally put to rest in January. He REALLY wanted to buy Saturn again because his first one was so great... but GM ruined that dream.
Vanno users say JP Morgan Chase (#438) is worse than GM (#269). And Robert Scoble says Vanno is one of his "7 must-have Twitter tools".
@tape: try reading a book then. this was the first reference i found so i posted it. i didnt exactly have time to type in an entire transcript here. try "the House of Morgan" by Ron Chernow
@Matt Roush: Yes it IS really fsahionable to hate on GM, and frankly I am sick and tired of it. I own a '92 Checy Corsica that has 165k+ miles on it and it runs really with with little maintenace every now and then, oil changes and whatnot, it is a fine car I am proud of driving.
But ya know what, Go ahead and let GM go out of business people, and put 2.5 million more people out of work, just because you want the company to die, because that's what we all need is another huge job loss. And that is not even considering the companies that suply GM with their parts and the people who work for them. GM going OOB is a pandora's box, and I really don't want to see it opened.
And of course I voted for Chase. yet another bank who took bailout money and used it pathetically. At least GM is being restructured.























Ooh, chase is ahead. I had GM on my bracket for massive bailout badness.