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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
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Replying to: cooterbfd (Dec 11, 2008 2:58 pm) LTV tried to use law to lawfully dump their pension fund. The federal judge ruled, while legal other copy cats would do likewise, and ruled against them. All the while creditors legal and accounting fees amassed. Good plan, bad outcome. At one time or another they owned National car rental, Wilson sports, Braniff, resorts, and many others in the conglomerate period/era. Much like GE today.
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Replying to: 62vetteefp (Dec 11, 2008 6:15 pm) You can help both GM & yourself. |
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Replying to: dallasdude1 (Dec 11, 2008 5:13 pm) Back to topic. Things certainly aren't looking good. Guess I'm glad I've got two domestic cars in the driveway just in case displaced UAW and supplier workers decide to take their frustrations out on foreign metal. I grew up around the steel mills and I still remember watching TV as a kid around 1980 when it was common to see steel workers taking sledge hammers to Japanese cars. |
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Replying to: dallasdude1 (Dec 11, 2008 6:19 pm) Isn't that the truth. My FIL worked for LTV when they went bankrupt and now gets his reduced pension from the PBGC. Another example of a poorly run company.
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Replying to: 62vetteefp (Dec 11, 2008 6:15 pm) I would bet that equity loans that were up to 100% are gone for sure. I would think the appraisers are being very careful about over appraising properties for loans. I looked at a foreclosure near me this morning. The bank wanted a minimum 10% down the $540k selling price. That place would have been a bargain last year. I am sure it sold for close to a mil when new in 2006. I am thankful that I am retired with a fairly good income. So many are already hurting around here. Our church has set up a fund to help those in the church that have lost their homes and jobs. We counsel them to move in with family even if they have to leave San Diego. This is not a good place to be without a job. I realize there is no good place to be when you are down and out.
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Replying to: tlong (Dec 10, 2008 8:19 pm) They like CTS better that the rice burners. Apple, Abcrombie Fintch, American Eagle, Dell, Hansen Monster are their picks in the past. How do they do it? |
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| Is it a good time to finance a Navigator given all the incentives available right now or is the car industry still volitle? | |
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Replying to: tlong (Dec 10, 2008 8:19 pm) I have toured plants and most of the easy work has been outsourced. Much like Delphi, Mackie, and others. But outsourced to plants in this country. Then GM has allowed the UAW to organize these plants. The lesser of two evils or better than going overseas? The honey comb consept plant here in Arlington Texas is the latest in cell technology. Unfortunately it was geared to build SUV's. As far as engineering America has no rival. All of the plants I've been to have state of the art equiptment. |
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Replying to: tlong (Dec 10, 2008 8:23 pm) http://www.nolo.com/article.cfm/ObjectID/AAD74992-4C86-44DA-8102A340BCEC520A/cat- ID/D348BE73-C552-4D58-B00586C0C0909EFA/104/150/269/ART/
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Replying to: foresterxt (Dec 10, 2008 8:55 pm) At least 40 percent of all women report being sexually harassed at some point in their career, and men currently account for 11.6 percent of all sexual harassment cases. So, the chances of your company needing to respond to a sexual harassment concern are great. Be prepared, and you will likely deal with it successfully for all parties involved. http://www.nfib.com/object/IO_25824.html |
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