$10 an Hour Pay Gap = Billions of Extra Dollars a Year [View article]
If Americans supported their own companies that cost disadvantage would be eaten up by a larger market share from our companies. Does Japan offer the Big 3 the ability to produce cars in Japan for less than it cost them to make them their. Their legacy cost in Japan are very high. Japans citizens support their own companies and don't buy foreign cars. Their whole society subverts foreign competition in many ways. It doesn't have websites promoting foreign cars and subverting their own listed under the Toyota and Honda yahoo japan web pages now do they. I can't even go to Yahoo Japan for some reason. I figured I'd use google translate and see the difference. Can't even go there.
If they go bankrupt and close a bunch of dealers we will amplify the problem that started the foreign auto sales in this country. Years ago the gov made GM let the franchise dealers sell foreign autos. Europe did not. The foreign companies will buy up the leases on the closed dealers and create a presence in the smaller markets for basically free. The Town I work in would lose its GM dealer for sure and a Toyota or Honda dealer would surely take the lot. Then if you wanted to get your GM car worked on you would have to drive to a different city to get warranty work. Their wouldn't be I reason not to buy a foreign brand anymore in our city. The news channels have beat up our companies so bad these past months its like a 24 hour a day Toyota and Honda commercial. So much for changing the preception about of own autos against the foreigns.
The government might as well take over the pensions and take the stock in exchange to avoid bankruptcy. When GM goes bankrupt they will be left with the pensions and no stock.
On Nov 10 09:43 PM jod1921 wrote:
> How would the foriegn automakers be doing if they had to pay out > over 10 billion a year to retirees. Gm has 70000 employees and 350000 > retires and surviving spouses. 5 to 1 retirees to workers. Sorry > about the spelling errors. I was in a hurry and pissed !!!!!!! Stick > up for AMERICA
How would the foriegn automakers be doing if they had to pay out over 10 billion a year to retirees. Gm has 70000 employees and 350000 retires and surviving spouses. 5 to 1 retirees to workers. Sorry about the spelling errors. I was in a hurry and pissed !!!!!!! Stick up for AMERICA
On Nov 10 09:32 PM jod1921 wrote:
> Theres 10 non-union workers for every 1 union worker in the auto > industry. The biggest problem for the Big 3 is the legacy costs for > pensions and healthcare All the foriegn car companies in America > operate without any legacy costs as well as many tax advantages given > to them to locate their assembly lines in competing states. I find > it very sad to watch anyone cheer for the Big 3 to go bankrupt. They > have always paid our follow Americans well even though the don't > have a level playing field in they own country. If the automakers > go so do up to 2.5 million jobs. They're the largest manufacturer > we have left. Probably 2 million of them will lose there houses and > that will pull down the value of the millions of houses around them > causing the government around 200 billion dollars to pay out the > bonds. The stock market will lose another 25 % essentually costing > us all another 2 trillion. Why don't we just take over there pensions, > make them issue the government stock equal to the current amount, > and toss 20 billon each for treating one of our greatest assets like > shit. Total cost around 200 billion much if not all would be recouped > when there stock went up. Thats a level playing field. They should > be able to do all that in about an hour.
Theres 10 non-union workers for every 1 union worker in the auto industry. The biggest problem for the Big 3 is the legacy costs for pensions and healthcare All the foriegn car companies in America operate without any legacy costs as well as many tax advantages given to them to locate their assembly lines in competing states. I find it very sad to watch anyone cheer for the Big 3 to go bankrupt. They have always paid our follow Americans well even though the don't have a level playing field in they own country. If the automakers go so do up to 2.5 million jobs. They're the largest manufacturer we have left. Probably 2 million of them will lose there houses and that will pull down the value of the millions of houses around them causing the government around 200 billion dollars to pay out the bonds. The stock market will lose another 25 % essentually costing us all another 2 trillion. Why don't we just take over there pensions, make them issue the government stock equal to the current amount, and toss 20 billon each for treating one of our greatest assets like shit. Total cost around 200 billion much if not all would be recouped when there stock went up. Thats a level playing field. They should be able to do all that in about an hour.
Is the Chevy Cobalt as Good as a Hybrid? [View article]
I drive a 2007 vette, 400 hp, 186 MPH at the track and it gets 33 MPG going down the highway. Its a smear what GM is going thru. I can't believe the government will actually give you 3000 off your taxes if you buy a Prius. Basically send the money that was for the people of America directly to Japan. I wonder where the problem starts.
$10 an Hour Pay Gap = Billions of Extra Dollars a Year [View article]
Let the Detroit Automakers Fail [View article]
Tough Love for Detroit Is Long Overdue [View article]
www.forbes.com/2008/11...
Congress Offers Big Three Automakers Help, Makes Demands in Exchange [View article]
www.forbes.com/2008/11...
The Failure to Admit Failure [View article]
On Nov 10 09:43 PM jod1921 wrote:
> How would the foriegn automakers be doing if they had to pay out
> over 10 billion a year to retirees. Gm has 70000 employees and 350000
> retires and surviving spouses. 5 to 1 retirees to workers. Sorry
> about the spelling errors. I was in a hurry and pissed !!!!!!! Stick
> up for AMERICA
The Failure to Admit Failure [View article]
On Nov 10 09:32 PM jod1921 wrote:
> Theres 10 non-union workers for every 1 union worker in the auto
> industry. The biggest problem for the Big 3 is the legacy costs for
> pensions and healthcare All the foriegn car companies in America
> operate without any legacy costs as well as many tax advantages given
> to them to locate their assembly lines in competing states. I find
> it very sad to watch anyone cheer for the Big 3 to go bankrupt. They
> have always paid our follow Americans well even though the don't
> have a level playing field in they own country. If the automakers
> go so do up to 2.5 million jobs. They're the largest manufacturer
> we have left. Probably 2 million of them will lose there houses and
> that will pull down the value of the millions of houses around them
> causing the government around 200 billion dollars to pay out the
> bonds. The stock market will lose another 25 % essentually costing
> us all another 2 trillion. Why don't we just take over there pensions,
> make them issue the government stock equal to the current amount,
> and toss 20 billon each for treating one of our greatest assets like
> shit. Total cost around 200 billion much if not all would be recouped
> when there stock went up. Thats a level playing field. They should
> be able to do all that in about an hour.
The Failure to Admit Failure [View article]
Is the Chevy Cobalt as Good as a Hybrid? [View article]