Lazaris

GM Bankruptcy? Probability Using Options

The Treasury Dept. believes that beneath decades of financial issues and labor problems is buried an American icon that truly knows how to make great cars.

GM Reverse Split Creates Problems for Dow Jones

I am so sick and tired of these pundits saying that GM needs to get there costs in line with those of the transplants! GM has been building vehicles for over 100 years! The transplants have only been here in the US for about 20 years. They have No Retirees. You are comparing apples to oranges. You cannot compare a company with thousands of retirees with one that has few retirees. The wages for GM and Toyota have been ON PAR for many years. Toyota needed to pay their employees a "competitive wage" to keep the union out. New GM employees will now be making $14.00 per hour. Toyota will cut the wages of their workers to match those of GM. It is a race to the bottom. It was GM-Ford and the Unions that created the "middle class" in this Country, and the middle class will dissapear along with the wages.

GM Debt Recovery Paints a Scary Picture for Private Investors

The Tax Payers, the UAW and the Government have stepped up to the plate and done what is best for the industry and the country as a whole! Everybody is taking a "haircut' on this. It's time for the Bond Holders to get in the barbers chair and do the same!

China Looks to Electrify Our Cars

Are Jobs in the U.S. Just "Smoke and Mirrors' also. Hasn't this recession taught us anything. That we are all interconnected. When I lose my job and can't spend money at your place of business etc.. right on down the line. I will gladly pay a few extra bucks for an American Made product to help myself and my neighbors, will you? Or will you continue to buy your foreign goods, where most of the money goes overseas and is not spent in this Country? Wake up People! It is the only the giant global companies that continue to push for Free Trade, only because it benefits them financially. These companies that are based here in the U.S. have No Loyalty to America! Shipping our jobs to "Slave Labor" countries, and we are suppose to compete with 2 dollar a day wages?
Buy American, even if it does cost you a few extra bucks !

Companies' Risk of Bankruptcy - Audit Integrity

Every one is talking about the "legacy costs" of GM retirees. Don't forget that GM has been building vehicles in the US for 100 years, and the "foreign transplants" have only been here for less than 20, therefore they have very few retirees. This will "flip flop" in the next 5-10 years as GM retirees die off, and are replaced with much younger workers, and the transplants start to get retirees.
Is the idea of just taking away the health care and pensions of GM retirees, so that they will die off all the sooner and GM will become more profitable faster? Gm retirees are dieing off everyday. GM will be hugely profitable in the coming years with the new workforce making just $14.00 per hour.

Doubtful That Chrysler, GM Will Avoid Bankruptcy

Let me remind every one that the 1.1 billion that GM is going to save with the concessions from the U.A.W., is 1.1 billion less that GM workers will be spending in their local communities. The home improvement store, lawn care, doctors, restaurants, entertainment , will ALL see a drop in their business.

GM Execs Fill Up on the Taxpayer's Dime

Yeh, and all the police officers in my town get to take home their police cars and use them for personal use, with all the gas paid for by the taxpayers. I see them driving around town with their wifes and kids in the car, running errands etc...

How to Deal with the Automakers' Crisis in Confidence

General Motors was well on its way to becoming one of the "most profitable" car companies in the world as a result of the 2007 agreement with the U.A.W. Seeking Alpha finally has someone on there staff that gets it. That this mess has been beyond EVERY carmakers control. My only question to you is: What would you do?
Just take away the retirees pensions?

Texas Governor: 5k Credit for Plug-In Hybrids to Mollify 'Overzealous' EPA

Just another example of "Social Engineering" through taxation,
laws and regulation.

GM Proves There Is an Alternative to Bailouts

This is not about GM..it's about the deep economic recession (depression?) that the world is in. Even Toyota is posting a loss for the first time in decades. Every country in the world is helping their domestic auto industry. Seeking alpha, the southern Republicans and others just want to bust the union..plain and simple.
GM was well on its way in its re-structuring, with historic concessions given by the U.A.W. in the 2007 contract, agreeing to new hires being paid $14.00 per hour..well BELOW not only the "transplant" auto companies but what you can get at any factory, union or non-union, and taking over retiree health care.
Basically the union has already been busted!, They were busted in the 2007 contract., and the fruits of that would have started to been realized in 2010. GM has reduced its work force by 60,000 in the last few years as the old "dinosaurs" leave or retire. By 2010 most all of those with 25+ years would have been gone.
I agree, GM has a lot of "legacy" costs. But that can be expected, GM has been building vehicles in this country for 100 years, and have a lot of retirees. The "transplants" have only been building in this country for 15 years and thus have no retirees yet.
Would you just take the pensions and health care away from all the retirees? The "new" autoworkers will not have pensions and will have reduced health care.
Give the 2007 contract a chance to work its way into full implementation and you will see that the union has already been busted, and that the Big 3 will have a huge Advantage over the "transplants".

GM: Natural Death or Suicide?

You want to see world war 3 by the average joe and working man?..you think the riots in Greece are bad? Just wait....

Problems That Detroit Bailout I Doesn't Address

The congress has exacerbated the problem with the whole process of the hearings. People are sitting back and waiting to see what is going to happen. If the idiots in Washington would have just came out a month ago and said that there was No Way they were going to let our domestic industrial base disappear as a result of the Wall street fiasco, supported the Big 3 and encouraged Americans to go out and buy cars..we may not be in the situation we are now in.
But the Republicans are so bitter about losing the election, that the few remaining Repubs want to take it out on organized labor and the regular working people, (for whom they have never done anything for). This whole idea of wanting them to go into bankruptcy is just an attempt to break the Union, and screw the retirees.

As Gas Prices Fall, Fuel Economy Loses Importance to Auto Shoppers

Great, the truth is finally coming out. Seeking Alpha has been trashing GM Ford and Chrysler for a long time now for continuing to build big trucks and SUV's. They have continued to build those vehicles because people wanted them! and they still do!
This whole "auto bailout" has been co-opted by the environmentalists who see this as an opportunity to FORCE their agenda on the entire country, and the domestic automakers. This is social engineering at its best! It is analogous to the smoking laws and bans going into effect all over this country. The powers that be have been telling people to quit, but some just won't. So they are harassed, taxed, made to be pariahs and are generally looked down on. But this is still the land of the FREE right? Where we make our own life decisions? But if the decisions that "we" make (smoking, driving a hummer) don't jive with those in power, they will one way or anther, through taxation, or getting restrictive laws passed, force their agenda on the rest of us. The lawmakers and SeekingAlpha seem to think that "they" know what is best for us and the country, and that we are not "educated' enough to make our own decisions.

Detroit's Big Three and the Democrats' Economic Illiteracy

Of course GM has a lot more retirees than those working you moron!
They have been building vehicles in this country for over 100 years. Toyota and Honda don't have many retirees because they haven't been building vehicles here long enough to have retirees. Most of GM's older workers are leaving and being replaced by $14.00 hour younger replacements.with much less benefits. Ten years down the road, the tables will be just the opposite, where Toyota and Honda will start to get a bunch of US retirees and GM's workforce will be younger and lower payed with fewer retirees. I suppose you want to take the health care from the retirees that punished their bodies for 30 plus years on that assembly line you little pencil pusher?

Aid for the Automakers? You Decide!

I cannot believe that the Republicans are so bitter about losing the election that they are going to take it out on GM , the UAW and the whole country. Why can't they think about the country as a whole just once!
GM built millions of trucks and SUV's because people wanted them! Its not GM's fault that gas went to $4.00 plus and those people that wanted that SUV or truck can no longer afford to drive it. Do all you "green" people want the electric VOLT to die? GM is on the cutting edge of "green" and new technologies!
The UAW has agreed to a 50% wage cut for new hires, and is taking over the retiree health care in 2010.
This mess was created by wall street, GM was well on the way in their restructuring , and they were caught off guard just like EVERYONE was with the wall street meltdown.