GM Cost Saving Proposal

Look, if they fail they will be forced to look at things honestly instead of propping up high on the hog living. It may even force some execs out and pull in someone who has more than themselves at interest. Let the Market work.

 

I'm not for a bailout at all...but at least Ford did the expedient stuff:

CEO works for $1 next year.
They sell more property than GM.
They sell their corporate jets.


But I keep coming back to this: out of the 20 worst cars of the year named by Consumer Reports, I believe half of them were GM products. (I thing 17 out of 20 were "Big 3" cars).

If your product is inferior, you won't make it...unless you're the Federal Government.

 

No one BAILED out the Air lines. Delta Filed bankruptcy and reorganized and then merged after coming out of Bankruptcy. Why can't the 3 big car dealers?

 

Oh! Well.. don't go throwing facts in here. Then the Dems can't save the excessive Union contracts that are the problem to begin with.

 

I think the government's concern is not the auto plants, but all the suppliers in each city that will also close. The effect on local economies is frightening.

I don't think that bankruptcy, in this case, is the answer..too many people outside the plants will suffer.

It is fine to say they shold have used their needles 5 years ago when designing a vehicle for to-day, but they didn't and now there is a problem.

Cheers,

Jim

 

It doesn't make much difference what the details of the plan are.

The fix is in. They'll get the money.

That being said, you need to come to grips with reality. They can't compete without leaning down, ie closing plants , cutting employees, closing the job bank, and renegotiating the UAW contract.

Lowering executive salaries is the easiest to deal with and has the least effect on the success or failure of the company. It's largely a symbolic gesture., but looms large in the minds of those jealous of the financial success of others.

 

For heaven's sake, don't let the government fix it====It will really be fixed.

 

That's a union issue. The union has to concede (and it looks like they will, but it's too late ... they have already driven the thing into the ground).

How can they keep workers? There is nothing for them to do. People aren't buying cars and so there is no need to build more cars. The job banks/union wages have to be renegotiated by the union, but the unions around here have the Big Three wrapped around their finger, though I think that is changing. Gettelfinger has a lot of blame to shoulder in this mess.

 

1. Merge the Big Three into a single company to compete with foreign manufacturers
2. Eliminate redundant nameplates, e.g. GMC, Pontiac, Buick, Dodge, Mercury, etc. Keep Chevy, Ford, Cadillac, Jeep, Saturn.
3. Require minimum percentages of US content on parts.
4. Return jobs to the USA for cars that are sold in the USA.
5. Then and only then, provide some kind of loan assistance.

Edited to add....one more condition...develop cars that get us off the addiction to fossil fuels.

 

You won't like it once it dawns on you that part of that deal would include cutting tens of thousands of jobs.

 

GM's CEO is an idiot.

As you've heard, the big dogs drove to washington.

GM's top dog did as well...but when he got within a few miles of DC, he traded his Malibu hybrid for the Chevy Volt (the electric concept car).

Guess what? They had to ship that car there.

SOURCE

They spent more money on that that they did the charter plane!

They are doing publicity stunts to earn our tax money.

This proves to me that they will squander it immediately...yet another reason this is a terrible idea, and yet another reason these guys just don't get it.

(by the way...many industry insiders tell us the volt is rife with problems, and it may not be even close to ready by roll-out in 2010.)

 

Aside from it being unconstitutional.

 

AMEN, AMEN, and AMEN!!!!

http://www.lewrockwell.com/orig4/ellis1.html

I would say that we have come a far distance from the "unconstitutional" government of Crockett's day; wouldn't you??

I anxiously await all the excuses as to why our modern gov't is so far removed from the original concept!! :BangHead: