GM Posts Video on Youtube

[Glavinsolo]

GM, Ford, Chrysler have been running their companies as if there wasn't any other competition. Their R&D department should be the first to go. Shedding union workers would be a big boom. Back in the early Ford days working conditions were horrendous. Now 80% of the work is done by robots, not saying you can't get killed on the job. But working regulations, safety standards and whistle blowers would eliminate the need for unions within the auto industry.

Being a new car owner I test drove several GM cars before buying my Toyota. I test drove the Equinox and the car shut down while exiting the parking lot. In-laws own an 05 Malibu and the car has a laundry list of issues. Brother-in-law bought a 07 Mariner and had to enact the lemon law for faulty air bags. Oh and cheap plastic is not appealing.

My 06 Toyota has had rattles that were fixed by the shop with sound dampeners. Oil, brakes and fluids and 60k miles later still driving like new.

So my unprofessional opinion towards the Big 3. Bankruptcy, loan, remove unions, replace R&D, increase quality, etc. etc.

Yes them going bye bye would be devastating to our economy, however, what is going to stop them from needing assistance again in 2015 or 2020. I think they are unwilling to let go of the sectors they fail at which is consumer automobiles. They make excellent work trucks and there are numbers out there proving this sector is profitable.

 

[Polish3d]

If we bail them out then they have to become a non-profit organization, making cars for Americans to be available at cost, rather than profiting from us after we give them a shitload of money.

Probably not viable, but a tempting idea on its surface

 

[BrunoPuntzJones]

Originally posted by: Polish3d
If we bail them out then they have to become a non-profit organization, making cars for Americans to be available at cost, rather than profiting from us after we give them a shitload of money.

Probably not viable, but a tempting idea on its surface

Well, they have been a non-profit company for a while now

 

[LTC8K6]

http://canadafreepress.com/index.php/article/6345

 

[Random Variable]

If people can argue that we don't need banks, then we certainly don't need auto manufacturers (or really any type of industry for that matter).

 

[Polish3d]

Seriously though, should we taxpayers expect something in return for bailing them out?

And I mean something in addition to what we get from them as a business. ALL other businesses that don't get bailed out provide the same basic benefits of employment and tax revenue

 

[*kjm]

Originally posted by: Loop2kil

Originally posted by: Injury
"610,000 workers are employed by suppliers to the U.S. auto industry earning an annual payroll of $54 billion in 2007."

$54000000000 / 610000 = $88524.59 average salary

Gee, I wonder why, among other reasons, there is a loss of profits year after year?

A majority of unskilled labor shouldn't average higher than a salary many college educated people will see in their lives.

agreed, I work for a large trucking company that has truck drivers that make 100k/year for holding on to a steering wheel and driving safely. And no they are not paying for anything...that is their personal salary.

No the guy in the suit after 4 years of college should be making more right? I'll tell you I used to drive over the road for more than what I make now and I don't miss it a bit. I also now have a 4 year degree. I used to pull in around 100k a year also but I was always away from home and when your truck breaks down in the middle of no were in a snowstorm it is just the best laying on you?re back fixing it for 3 hours. I also put my personal license on the line with every trip I made, yes get a ticket on your CDL you will see it on your insurance. Like I said I have been in both spots so don?t be so quick to judge.

Me I'll use my degree with a little less pay and sit at my desk in my Dockers and see my wife and kids tonight.

 

[Wheezer]

The big 3 have been in business long enough that they should know how to manage money, people and costs, if they have not learned it now, what makes ANYONE think that they will learn it when someone comes along and hands them a blank check and says "here ya go, don't spend it all in one place."

simple they won't and they will be back again and again and again so it will end up costing MORE over time rather than less....just for them, not to mention all the other insects in the wall that will dome out looking for the same.

fuck 'em all, the auto makers, the workers, the banks the credit card companies and the buyers who were not smart enough to understand the most basic fundamental principles of money management.

I hope they all rot in hell.

 

[compuwiz1]

Originally posted by: skace
Fuck em.

Anything else you would like to share with us regarding your educated understanding of the situation at hand? :roll:

 

[LTC8K6]

Bankruptcy does not mean bye-bye...

 

[waffleironhead]

Originally posted by: JS80
lol so many lies in that video.

any bailout MUST include the final death of the unions. they have to model themselves after Toyota.

Does that mean government supplied health care as well?

 

[alphatarget1]

I would only support a bailout if the current management at the big 3 seek a chapter 11 reorganization, management canned, that they wipe out all that union bull$hit before they get government loans.

I'm calling my congresswoman to vote against this bailout, not that she would since she's a democrat.

 

[LTC8K6]

The jobs bank should be enough to see the issue clearly. No bailout for the UAW.


http://www.detnews.com/2005/au...0510/17/A01-351179.htm

Jobs bank programs -- 12,000 paid not to work

Big 3 and suppliers pay billions to keep downsized UAW members on payroll in decades-long deal.

By Bryce G. Hoffman / The Detroit News

WAYNE -- Ken Pool is making good money. On weekdays, he shows up at 7 a.m. at Ford Motor Co.'s Michigan Truck Plant in Wayne, signs in, and then starts working -- on a crossword puzzle. Pool hates the monotony, but the pay is good: more than $31 an hour, plus benefits.

"We just go in and play crossword puzzles, watch videos that someone brings in or read the newspaper," he says. "Otherwise, I've just sat."

Pool is one of more than 12,000 American autoworkers who, instead of installing windshields or bending sheet metal, spend their days counting the hours in a jobs bank set up by Detroit automakers and Delphi Corp. as part of an extraordinary job security agreement with the United Auto Workers union.

...

 

[LikeLinus]

Originally posted by: Chrono
You fuckers should quit fighting and just get a damn room. Nobody wants to read about you two bickering at each other like an old married couple.

Only you would think about two men getting a room together.

Keep it in your pants buddy. Quit projecting on others.

 

[Mo0o]

Overpaid union workers doing the jobs an ape could do is whats sinking Detroit. Hopefully we can outsource most of it to robots

 

[amdhunter]

Originally posted by: Loop2kil

Originally posted by: Injury
"610,000 workers are employed by suppliers to the U.S. auto industry earning an annual payroll of $54 billion in 2007."

$54000000000 / 610000 = $88524.59 average salary

Gee, I wonder why, among other reasons, there is a loss of profits year after year?

A majority of unskilled labor shouldn't average higher than a salary many college educated people will see in their lives.

agreed, I work for a large trucking company that has truck drivers that make 100k/year for holding on to a steering wheel and driving safely. And no they are not paying for anything...that is their personal salary.

You guys shouldn't be pissed because there are people out there making good money. You should have tried to get in on it instead of bitching about their salaries.

 

[xSauronx]

Originally posted by: TallBill
Whatever, it's a decision that I'm glad that I don't have to make.

this. i sure as hell wouldn't want to be the next president, either. too much like work.

 

[bctbct]

Originally posted by: JackBurton
How about this, pull out on Iraq and save $10 billion per MONTH. Transfer that money to a bail out plan for GM where there is SOME chance of them recouping the money plus interest.

no doubt, at least then we would have some chance of getting something back for our investment.

 

[Loop2kil]

Originally posted by: amdhunter

Originally posted by: Loop2kil

Originally posted by: Injury
"610,000 workers are employed by suppliers to the U.S. auto industry earning an annual payroll of $54 billion in 2007."

$54000000000 / 610000 = $88524.59 average salary

Gee, I wonder why, among other reasons, there is a loss of profits year after year?

A majority of unskilled labor shouldn't average higher than a salary many college educated people will see in their lives.

agreed, I work for a large trucking company that has truck drivers that make 100k/year for holding on to a steering wheel and driving safely. And no they are not paying for anything...that is their personal salary.

You guys shouldn't be pissed because there are people out there making good money. You should have tried to get in on it instead of bitching about their salaries.

It's part bitching, yes, but it's also a bit WTF...100k a year to drive a truck!!! I think it's a bit much. See this is why the USA can't keep manufacturing (or anything else that can be done cheaper overseas) jobs here. We think too much of ourselves and expect high salaries for seemingly menial jobs.

GM has to spend a larger portion from the sale of a car to pay these asinine salaries and less on R&D or even be able to offer better pricing...They simply can't compete.

 

[bctbct]

Originally posted by: Polish3d
If we bail them out then they have to become a non-profit organization, making cars for Americans to be available at cost, rather than profiting from us after we give them a shitload of money.

Probably not viable, but a tempting idea on its surface

what the hell they lose $2500 per vehicle, you want to pay more?

 

[chuckywang]

Originally posted by: boomerang

Originally posted by: chuckywang

Originally posted by: mb

Originally posted by: ViviTheMage
any cliffs for those of us that cant/dont want to use up bandwidth?

If GM goes under, 3 million US workers will lose their jobs and the government will lose $156b in tax revenue over the next 3 years vs spending $25b today to bail them out. And we'd be screwed when world war 3 comes around because we wouldn't have our own large manufacturing base anymore.

Ok, I don't know too much about this but I do know my math. So how would only $25B bail out GM when they still need to pay over $50B in tax per year?

So you're assuming they won't sell any cars? Think about this for a minute.

I'm assuming the sales of cars is a constant pre-bailout and post-bailout, so car sales is not a variable factor.

Will $25B make them able to sell cars at a greater rate and therefore generate greater profits? That doesn't make much sense unless it's spent on marketing.

 

[FDF12389]

Originally posted by: LikeLinus

Originally posted by: Ktulu

Originally posted by: LikeLinus
Guys, did any of you people who watch it not realize they were talking about if ALL THREE of the U.S. auto dealers went out of business. This isn't just about GM, it's talking about a total shutdown of the U.S. auto industry.

Doom and Gloom at it's best.

3 Million jobs are not going to be lost if GM alone went under. They don't pay 50B in tax each year. That's collectively across all brands. IT also accounts for all dealerships, all companies, and all suppliers.

Leave it to ATOT to not pay attention to the actual information being supplied.

Chrysler is as good as Dead. GM would be the next, since they only have enough cash on hand to cover them till maybe Feb. and Ford would shortly follow suit since they only have slightly more cash than GM. Leave it to an ATOTer to have no clue about what's going on yet still comment on it.

Are you even following the thread you retard?

"If GM goes under, 3 million US workers will lose their jobs and the government will lose $156b in tax revenue over the next 3 years vs spending $25b today to bail them out. And we'd be screwed when world war 3 comes around because we wouldn't have our own large manufacturing base anymore."

People in this thread think those numbers have to do with GM's fall. My comment is based on their wrong assumption that if GM falls that 3 million people lose their jobs. It is NOT true.

So close your mouth and STFU until you're able to follow the thread.

Again, the movie was about ALL THREE US automakers failing. The stats are NOT about just GM, as some people in this thread do not understand. Ktulu is an idiot, we'll leave it at that. He just lacks the intelligence to follow the conversation.

Again, leave it to some tool on ATOT to open his stupid mouth and spout off about something he has no clue about.

Without GM suppliers shared by the detriot three will go under, and so will ford and chrysler.

 

[91TTZ]

Originally posted by: Evadman
GM makes way too many bad decisions. Just because they are huge, doesn't mean we need to bail them out. They are a business, and they have (or are about to) fail. Other automakers can make the correct decisions, but they can not. As others have mentioned, they pay their workers too much for the product they manufacture. They also manufacture many products that are nearly identical, just under different brands. That raises cost, because you are splitting your manufacturing and marketing money.

Toyota (AFAIK) has 2 brands, Toyotas and Lexus. The vehicles are also (generally) substantially different between the 2 brands. Show me the difference between a GMC and a Chevy truck. Or the difference between an S10 Chevy and S15 GMC? It's a badge. But a bunch more manufacturing & marketing cost.

They have 3 brands. You're forgetting about Scion.

 

[91TTZ]

Originally posted by: Injury
"610,000 workers are employed by suppliers to the U.S. auto industry earning an annual payroll of $54 billion in 2007."

$54000000000 / 610000 = $88524.59 average salary

Gee, I wonder why, among other reasons, there is a loss of profits year after year?

A majority of unskilled labor shouldn't average higher than a salary many college educated people will see in their lives.

I have to stop you right there. You're probably a young guy, either in or having just graduated college. Your comments are shallow and self-serving. You seem to think that because you went to school and they didn't, that somehow you're "entitled" to more money than those unskilled workers. Yet it sounds like you're complaining that autoworkers make more than you do.

 

[Squisher]

Originally posted by: FDF12389

Originally posted by: LikeLinus

Originally posted by: Ktulu

Originally posted by: LikeLinus
Guys, did any of you people who watch it not realize they were talking about if ALL THREE of the U.S. auto dealers went out of business. This isn't just about GM, it's talking about a total shutdown of the U.S. auto industry.

Doom and Gloom at it's best.

3 Million jobs are not going to be lost if GM alone went under. They don't pay 50B in tax each year. That's collectively across all brands. IT also accounts for all dealerships, all companies, and all suppliers.

Leave it to ATOT to not pay attention to the actual information being supplied.

Chrysler is as good as Dead. GM would be the next, since they only have enough cash on hand to cover them till maybe Feb. and Ford would shortly follow suit since they only have slightly more cash than GM. Leave it to an ATOTer to have no clue about what's going on yet still comment on it.

Are you even following the thread you retard?

"If GM goes under, 3 million US workers will lose their jobs and the government will lose $156b in tax revenue over the next 3 years vs spending $25b today to bail them out. And we'd be screwed when world war 3 comes around because we wouldn't have our own large manufacturing base anymore."

People in this thread think those numbers have to do with GM's fall. My comment is based on their wrong assumption that if GM falls that 3 million people lose their jobs. It is NOT true.

So close your mouth and STFU until you're able to follow the thread.

Again, the movie was about ALL THREE US automakers failing. The stats are NOT about just GM, as some people in this thread do not understand. Ktulu is an idiot, we'll leave it at that. He just lacks the intelligence to follow the conversation.

Again, leave it to some tool on ATOT to open his stupid mouth and spout off about something he has no clue about.

Without GM suppliers shared by the detriot three will go under, and so will ford and chrysler.

Half of the parts used in the Transplants come from sources inside the US. Toyota, Honda, and Mazda are not doing so well either after the financial crisis. This might take down one of them too. If the suppliers go under those companies won't be able to make cars for at least 6 months. Even then they'll be limping along at 20% capacity for a couple years until they can re-establish a supply chain.

Expect to be paying a 20-30% surcharge for those vehicles made made by the foreign transplants that were previously made here at least for the short term.


BTW - dealing with salaries of people working for the suppliers. The mindset has been for the last 15 years to minimize your workforce. You don't pay as much in benefits and you don't have to lay off as many during hard times. You do this by expecting your workforce to work a lot of overtime.

I knew a hi-lo driver that made $120K one year. 12 hour days, 7 days a week, and usually a couple 16 hour days sprinkled in.

I once worked 134 days in a row.