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Automotive News & Views United Automobile Workers of America (UAW)
16701 messages, Last post on Nov 20, 2009 at 3:39 AM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: gagrice (Nov 29, 2008 5:09 am) One could argue that giving all employees stock opitions would be a good thing and let them think about the bottomline. 100 shares a piece and wait a year to see if in fact that stock doubles or more. I recall a neighbor, she worked for American Airlines, she bought all she could when its was below a dollar a share, she put up her entire 401K plan on the line. Even with the concessions her union made, she was ahead by millions. I do recall her reading Forbes and other business magazines. |
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I am sticking to simple Economics because I do not know as much as you or Dr. Perry. The secret to Automotive Manufacturing success will be sans UAW. Regardless of Religion, Politics or color of your skin! Regards, OW |
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Replying to: dallasdude1 (Nov 29, 2008 9:55 am) Let me see, $25B divided by $3Billon per month = 8 months. What happens then? Based on economic recovery in 2012, the Big 3 are going to be history, no? Regards, OW
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Replying to: circlew (Nov 29, 2008 10:11 am) Re “Sync, and Swim Together,” by Daniel Kahneman and Andrew M. Rosenfield (Op-Ed, Nov. 25): The notion that Detroit automakers should simultaneously declare bankruptcy may be the single worst policy idea to address the crisis to date. First, Detroit can make it. The car companies have introduced promising new fuel-efficient models, and U.A.W. workers outproduce their international rivals in eight out of nine categories in which their United States plants compete. Second, the disruption of even a planned bankruptcy would sink auto suppliers, devastate communities and push states like Michigan over the edge. It would cost tens of billions of dollars in lost tax revenue and social services just to clean up the wreckage. Instead, $25 billion in loan guarantees allows automakers to bridge the economic rapids. The most important model Detroit produced in the 20th century was the middle class for many millions of Americans. We need to ensure that that model drives into the 21st century, not off an economic cliff. Harley Shaiken Berkeley, Calif., Nov. 25, 2008
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Nobody buys their vehicles. Reality General Motors Corp., Ford Motor Co. and Chrysler LLC sold 8.5 million vehicles in the United States last year and millions more around the world. GM outsold Toyota by about 1.2 million vehicles in the United States last year and holds a U.S. lead over Toyota of about 560,000 so far this year. Globally, GM in 2007 remained the world's largest automaker, selling 9,369,524 vehicles worldwide -- about 3,000 more than Toyota. Ford outsold Honda by about 850,000 and Nissan by more than 1.3 million vehicles in the United States last year. Chrysler sold more vehicles here than Nissan and Hyundai combined in 2007 and so far this year.
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They build unreliable junk. Reality The creaky, leaky vehicles of the 1980s and '90s are long gone. Consumer Reports recently found that "Ford's reliability is now on par with good Japanese automakers." The independent J.D. Power Initial Quality Study scored Buick, Cadillac, Chevrolet, Ford, GMC, Mercury, Pontiac and Lincoln brands' overall quality as high or higher than that of Acura, Audi, BMW, Honda, Nissan, Scion, Volkswagen and Volvo. Power rated the Chevrolet Malibu the highest-quality midsize sedan. Both the Malibu and Ford Fusion scored better than the Honda Accord and Toyota Camry.
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They build gas-guzzlers. Reality All of the Detroit Three build midsize sedans the Environmental Protection Agency rates at 29-33 miles per gallon on the highway. The most fuel-efficient Chevrolet Malibu gets 33 m.p.g. on the highway, 2 m.p.g. better than the best Honda Accord. The most fuel-efficient Ford Focus has the same highway fuel economy ratings as the most efficient Toyota Corolla. The most fuel-efficient Chevrolet Cobalt has the same city fuel economy and better highway fuel economy than the most efficient non-hybrid Honda Civic. A recent study by Edmunds.com found that the Chevrolet Aveo subcompact is the least expensive car to buy and operate.
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They already got a $25-billion bailout. Reality None of that money has been lent out and may not be for more than a year. In addition, it can, by law, be used only to invest in future vehicles and technology, so it has no effect on the shortage of operating cash the companies face because of the economic slowdown that's killing them now. |
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GM, Ford and Chrysler are idiots for investing in pickups and SUVs. Reality The domestic companies' lineup has been truck-heavy, but Toyota, Nissan, Mercedes-Benz and BMW have all spent billions of dollars on pickups and SUVs because trucks are a large and historically profitable part of the auto industry. The most fuel-efficient full-size pickups from GM, Ford and Chrysler all have higher EPA fuel economy ratings than Toyota and Nissan's full-size pickups.
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They don't build hybrids. Reality The Detroit Three got into the hybrid business late, but Ford and GM each now offers more hybrid models than Honda or Nissan, with several more due to hit the road in early 2009.
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