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Automotive News & Views United Automobile Workers of America (UAW)
16738 messages, Last post on Dec 03, 2009 at 10:07 AM
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Replying to: fintail (Jun 23, 2008 8:25 am) I'm not an economist or financial wizard but I do believe our economy goes in cycles. Given the fact that the US has the deepest, most diverse economy on the planet, I see this downturn as short lived. It may take the dollar a couple of years to bounce back I'm a believer that this downturn in the economy is short lived as long as the politicians stay out of the way.
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Replying to: dtownfb (Jun 23, 2008 9:44 am) A few years ago both Ford and GM faced questions about whether filing for bankruptcy protection was a real possibility, but such speculation is now revving up again. It comes just months after the auto makers signed new union contracts that are expected to bring Detroit's labor costs in line with those of their Japanese rivals. But the sharp rise in gas prices this year has hit the Big Three hardest because of their heavy reliance on trucks for most of their sales and profits. "Their wiggle room right now is almost nonexistent," said Tad Howard, president of financial consulting firm Nassau Financial LLC in Potomac, Md. "I think it's a hopeless situation short of two things -- a government bailout or additional cooperation from the [United Auto Workers union]. So in some ways, bankruptcy may be an attractive alternative. How far is bankruptcy? Either that or a merger/takeover. This one make for one fantastic screen play...like the Battle of the Bulge or the Titanic! History repeats itself for the unconscious business leaders! Regards, OW Regards, OW |
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Replying to: dtownfb (Jun 23, 2008 9:50 am) But yeah, the politicos only make it worse. Another rate cut will do nothing but dig a deeper hole. |
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Replying to: dtownfb (Jun 23, 2008 5:09 am) http://www.leftlanenews.com/saturn-to-add-opel-astra-production-to-ruesselsheim-- plant.html As you'll see, the picture shows people standing in front of the 10 millionth Astra built, and the article references it's popularity in Europe. My point is "IF" they build it here for Saturn, and "IF" the dollar stays weak for more than a couple years, it may be feasible to utilize the workforce here to supplement European production.
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Replying to: cooterbfd (Jun 23, 2008 12:58 pm) Here's another article that is not painting a pretty picture for Ford or GM. At the center of it is the declining auto sales. http://money.cnn.com/2008/06/19/news/companies/taylor_gm.fortune/index.htm?postv- - ersion=2008061910 |
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Replying to: cooterbfd (Jun 23, 2008 12:58 pm) If they build in Canada as the article says they might, they have a factory and workforce that has always ranked high in productivity. If they build in Mexico they save more on labor and add new consumers to the market. The UAW just recently proved they would strike one of the few plants building popular vehicles. Why take that chance with the Astra? If the UAW had a legitimate reason to strike why did they pick one of the few models that GM is selling? My take is they DO NOT care about the future of GM.
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Replying to: gagrice (Jun 23, 2008 3:14 pm) ...or their own jobs. All 100 of them that are left will be well paid. |
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exhibited by the UAW, striking the company that may simply go down on its own, they do seem to be suicidal...if the UAW was a person, they would be committed and placed on suicide watch, as no ratioanl being would act like they do... But, considering the IQ of the average member is between 70-80, none of this surprises me...they act like idiots because, well...they are...
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Replying to: marsha7 (Jun 25, 2008 9:16 am) If you think they'd be put on suicide watch, then that lends to the dire nature of the industry, as it concerns them. Personally, locals aside, I think the next 2 or 3 yrs. are going to be VERY tenuous, with As*h&%#s puckered on both sides of the equation. Even at the non-union plants, when layoffs start rolling in because we just aren't buying cars (they are saying 12.5 mil this yr, a 25% drop) everyone is going to find themselves miserable. |
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I remember Lee Iaccoca on a TV interview, when he was running Chrysler, stating that they had to put those special signs with the red line thru them (the "don't do this" sign) on all of their presses, showing an arm in the machine with the line thru it, using a picture to explian why they should keep their arms and hands out of the machines or they will be crushed...the reason???...too many of the workers could NOT READ a sign that simply stated "Do no place hands or arms in the machines or they will be cut off or crushed"... Do not question whether their IQ is above 70-80, question how far below it can go before even the UAW will not accept them for employment...it is what it is...
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