Auto Unions != Unions. Most unions do what they are supposed to do. But look at what is currently happening. Auto unions don’t want to be affected in the slightest while their companies are burying themselves under debt.
They have offered concessions and will end up offering more. I agree that they probably had it a little too good, and they ARE willing to cut things like the job bank. But to say they should be eliminated completely is retarded.
I never said they should did I?
They are just a big part of what needs a restructuring. The problem is that they are so used to crying and getting what they want all the time. So hopefully they can be kept in control this time around, if there is one.
You didn’t. Steve did.
Steve, you so silly!
I have to agree with Walter, that letter was full of irrelevant bs.
GM employees make about 20 dollars more than Toyota employees, on average. Searching for link/picture atm…
+1 about how bullshit is tolerated at Toyota compared to other places though. If people did their work in the first place… :banghead:
Its tough times out there no matter what for ALL auto companies
Heres the way I look at it, and most of my customers feel this way:
People decide to buy a car (no matter what car company), it is very hard for most people out there to get a loan for a car that is brand new. Why? Because banks are having their issues of warranting a loan to people that do not have nearly perfect credit.
Another reason is simply the price for a car. Most new cars are so expensive now, people can not justify spending the money for it, knowing that once you drive it off the lot, you lose thousands on it.
No matter how many times the auto industry can be or will be bailed out, they can not promise a return on the money that will be given to them. They can not make people buy cars but can only hope that consumers will choose their products over their competitors.
As far as internal spending, etc., what can the big three American auto industries promise to the lenders? So far GM CEO, has said that they can CUT 70 Billion Dollars a year from their spending. HOW THE HELL CAN YOU CUT THE FAT FROM SPENDING AND IT COMES TO 70 BILLION AND NOT WONDER HOW YOU ARE FAILING AS A COMPANY? The CEOS have said that they will take only a dollar as pay for the fiscal year of 2009 BUT will they go back to 29 million dollars a year after that?
This whole bail out is flawed but it needs to be done or else the weak economy will crumble more then it already has.
Well…
GM should turn over their company to the employees.(Like AVIS the car rental place)
I think things would change. If the workers were in charge, I doubt they’d want to put themselves out of business.
I think that stat has retirement shit factored in. Someone posted a link earlier that current Toyota employees are slightly higher than current GM employees.
Haha, so they could sell it as fast as possible? Enterprise bought out Avis last year.
I doubt anyone has the money to buy out GM at this point…
I’m sure there are companies out there interested. Or international investors looking to buy stake…
I’m all for them keeping the unions IF the unions get a major reform (I’m not holding my breath). From reading the details of the negotiations though, both past and present, they’d cut off their nose to spite their face which is not something anyone needs, espeically now.
:lol: