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Automotive News & Views United Automobile Workers of America (UAW)
16705 messages, Last post on Nov 25, 2009 at 6:56 PM
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Replying to: dallasdude1 (Nov 28, 2008 7:02 pm)
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Replying to: tlong (Nov 28, 2008 7:30 pm) GM represents its stockholders. GM runs the company in the manner it sees fitting. The UAW represents its members, the rank and file workers. The company and union agreed upon these wages/benefits of their own free will. They signed the document stating so and felt that they would be better off by entering the agreement. Much like one of might sign a car contract or home contract. No one held a gun to their head and or twisted their arm. So therefore one can conclude that this is the going rate aka equilibrium, where supply meets demand as curves. If you were to buy a car or house, then at about the 10th payment you experienced buyers remorse. You are still obligated to make the remaining payments or sell the car/house to get out from under the obligation. The UAW doesn't decide what cars to make, when to make cars, what color these cars are to be. Management is responsible for these day to day operations. They then sell these cars and give the profits with the shareholders and or reinvest them in the factory/operation. If they fail to make profits, its not a concern of the UAW since they have no stake and are but just one piece of the manufacture of the final product. |
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Replying to: dallasdude1 (Nov 28, 2008 8:22 pm) " I have a friend who has a Honda which has well over a 100,000 miles. Thats all fine and dandy, but it is an eye sore, the interior and exterior are decaying. Looks like junk, but it still runs. I personally wouldn't want to be seen in it. However, there are folks out there that don't care. For that matter if he ever comes over, I'll ask him to park in the back. " DD I'd scale back on that. Hard to argue for the proletariat or the UAW for that matter if you sound egalitarian . Egads, someone might accuse you of being a closet Republican. Now we libertarians are pretty open minded. They can park out front if they brought beer. But he is your friend so we postulate that you like him warts and all. GG; I would surely like to see a plant in the US even approximating Brazil. Technology at it's finest as used to be the American way. |
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Replying to: lemko (Nov 28, 2008 8:42 pm) Were they Gatorade, Tropicana, Frito Lay....back then?
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Replying to: dallasdude1 (Nov 28, 2008 8:50 pm)
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Replying to: dallasdude1 (Nov 28, 2008 8:09 pm) Agree with you there. Unfortunately that door is already a gaping hole!  Since GM France makes the transmissions for 3 and 5 series BMWs, what will they do? Who will make the Army Hummers? I'm sure the more valuable parts of GM would be sold off and managed as part of new or existing companies. The parts that were not of value would be shut down. Which is what GM management should do with those non-valuable parts. The tree pruning part. Which brings us back to - does GM management have the flexibility to do what they MUST do, without declaring bankruptcy?
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Replying to: dallasdude1 (Nov 28, 2008 8:44 pm) Exactly! So just like today's mortgage crisis, if I can't afford my new interest rate, I a - renegotiate with the lender; or b - declare bankruptcy and walk away But the union has said they aren't negotiating for more concessions. So viola! Bankruptcy - unless the government is willing to pick our pockets and loan them some money.
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Replying to: duke23 (Nov 28, 2008 8:47 pm) Many UAW plants and even at Black Lake Michigan, If it ain't UAW, your parking in the gravel parking lot and walking further. Most UAW products don't decompose as fast and the Asian/Aryan brands. Then there is property value to consider. However, UAW made Miller beer could have an influence in have these issues overlooked. |
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Replying to: tlong (Nov 28, 2008 9:05 pm) b - declare bankruptcy and walk away c- short sale You left out the short sale |
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Replying to: tlong (Nov 28, 2008 9:00 pm) Under a normal recession GM would float bonds until business picked up. In this credit crunch they couldn't even do junk bonds at extremely high rates. Thanks to the Wall Street boys packaging sub prime mortgages as safe/sure bets.
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