raising4daughters

GM: Cuts and Outsourcing

I've been buying American brands (mainly Chrysler) for 20 years to help support the local economy and to show support for neighbors employed by GM, Ford, and Chrysler.

If GM begins making cars in China and importing them into the US, doesn't that make Honda's statement that the Ohio-made Accord is more American than many of the domestics?

You'd think with the UAW owning, what, 55% of GM that they'd actually want to make cars here. Even the UAW appears to be selling out.

The Most Significant Green Shoot Starts to Wilt

The new GM won't need any dealers. We proles will have turn in our existing vehicle for a Gub'mint Motors car at the BMV. The elites will be able to get a Gub'mint Motors Volga while the rest of us will get a Zaporozhet.

Toyota, GM, Ford: Showing Off Green Cars Amid Economic Gloom

Oilcan, at some point, you and your comrades are going to HAVE to find a way to work with your company's management. I'm no fan of Wagoner, but as you point out, he IS the general and you and your ilk are the enlisted. It seems like the UAW "enlistees" want the authority of general without the responsibility, yet you also seem to refuse to follow ANY orders from the generals.

If Wagoner is that bad and is just another failed leader in the line of Smith, Stempel, Smale, etc., then why work for the company? A person of principle should not work for a company if his leaders are as big of failures as the UAW continually portrays.

On Jan 04 10:49 AM oilcan821 wrote:

> hey rick wagoner- price the damn car where it will sell!!! a $40,000
> car won't ever sell in this economy like a $15-20,000 car!! that's
> how gm will turn around, and why don't you execs cut your pay down
> where it belongs, about $125,000 base, with NO benefits, or stock
> options, dental, eye care, hearing ect. like the loyal gm salaried
> retirees get!!! feed the generals, starve the troops isn't what makes
> a great company!!!!!

Saab May Be GM's Best Hope for the Future

GM needs to cut brands and dealerships, big-time. Do Americans really need 2-4 different versions of every GM vehicle? Do Americans really need 10 GM dealers within a 10-mile radius?

Take a Stand Against Government Spending

On Nov 24 12:18 PM naturallight wrote:

> Also, it's pretty clear that the massive Bush tax cuts, which ballooned
> the deficit, were the wrong idea. We should have been saving for
> a rainy day.

Did you actually read the article? I'm no apolgist for Bush, but the Bush tax cuts didn't create the deficits and debt; they actually increased revenue to the treasury. The problem is that the Bush administration spent $1.25 for every additional $1.00 in new revenue. The problem is outflow, not income.

Does the Auto Industry Deserve To Be Bailed Out?

Do the car makers deserve a bailout? The answer is simple.

Would you invest your own money to own shares in GM, F, or Chrysler? If you would, then by all means, go ahead, put your money where your mouth is, and give them your money on Monday in exchange for common stock. If you aren't willing to give them your own money, what gives you the right to demand that I give them MY money?

Should we give them a loan? Well, if you think so, then buy some GM, F, or Chrysler bonds on Monday. If you're not willing to do that, then what gives you the right to demand that I loan them MY money?

Why Most Americans Don't Mind if the Big Three Fail

Poorly run, crony companies should not be bailed out. Try bankruptcy to reorganize. Get rid of about 50% of the salaried work force, 50% of your dealerships (like I need 15 GM dealers within a 10 mile radius), and break the union. Then you might have a shot.

GM Must Die

"government help would go to accept pension liabilities and guarantee loans which the financial arm of GM took."

Why should my tax dollars go to pay for someone else's retirement? I don't even have a pension plan and struggle enough to save for my own retirement through my own contributions (employer doesn't contribute anything).

Between gub'mint workers, teachers, AIG, and now GM workers, I should be able to claim about 100 dependents on my 1040 next April.

Should We Really Bail Out the Big Three Automakers with $73.20 Per Hour Labor?

Should we bail out even less efficient, more irresponsible money changes making $10,0723.20 per hour?

Nationalizing Detroit? It's a Good Idea

The real dinosaurs are the auto dealers. I've got dozens of car dealers within a 10-20 mile radius. They're completely unnecessary in the Internet age.

How to Navigate the Troubled Auto Industry - Barron's Interview

How can anyone like the automotive suppliers like Magna and Johnson Controls while also predicting Chapter 11 for their customers?

Default Risk of U.S. Automaker Debt: Too Big to Fail?

"GM does not know how to efficiently run a company. Instead of keeping up with the times, they fought vigorously to keep women-blacks-Latinos out of their white-collar workforce."

C'mon, GM's entrench bureaucracy fought hard to keep any TALENT out (or in low ranks) of its white-collar workforce. I have no doubt that they kept out women, latinos, blacks as you state, but GM also kept a lid on talented white guys too, I can assure you.

Seriously, about 99.9% of us white guys buy into equal rights and equal opportunity. This isn't the 1940s. But, to blame GM's woes on its lack of diversity reveals that you may be a diversity Nazis or anti-caucasianite.

History shows us that there are plenty of successful organizations with entirely or predominantly white leadership as well as ones with an ethnically-diverse leadership. There are also failed companies led by whites and failed companies led by minorities or women.

The bottom line is that race, ethnicity, or gender of a company's leadership is RARELY a predictor is its success or failure.

How Is GM Still Alive?

I get a kick out of the ex-GMers that blame the accountants. I worked for GM back in the 80s and found the company to be loaded with lazy, myopic sycophants in all departments, not just accounting. That's what happens when nearly every manager attends the same school, GMI. Same background, same knowledge, same skills equals no progress and no chance

Auto Industry Business Model Needs a Major Overhaul

By the time US automakers retool their assembly lines to make small, fuel-efficient cars, the energy crisis will be over and the US market will crave SUVs and vans.