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16668 messages, Last post on Nov 11, 2009 at 8:03 AM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: andre1969 (Dec 12, 2008 8:33 am) To paraphrase Click and Clack, don't drive like my doctor. It's obvious that medical residents need a better union. |
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Replying to: cooterbfd (Dec 11, 2008 2:58 pm) As far as suppliers, they will sink or swim on their own...like it or not, if someone (person) or something (company) files bankruptcy, and they eliminate their debt to that supplier, then the supplier will either absorb the loss and continue operating, or they, too, will go bankrupt...it is a tough thing to swallow, but the right to file bankruptcy and relieve yourself of all/some of your debt does not take into consideration the effect of your bankruptcy, even tho it may start a chain reaction... The bottom line is that the Big 3 cannot continue on like they are, making cars in numbers that enough people refuse to buy...their overcapacity is shameful, and they simply do NOT need as many plants, or workers, to make the products that CAN sell...the must shed workers by the 1000s, and close plants that make products that nobody wants...it is that simple...the human cost, SADLY, is immaterial in the long run...if a company has the workers to make 5 million cars but only sells 3 million, and cannot make a profit because of the overhead of the capacity to make 5 million, then the plants and the workers must be eliminated...period...if billions of profit were there, those workers could be eased out slowly, but with no profit, the workers must be jettisoned TOMORROW... |
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Replying to: steve_ (Dec 12, 2008 7:51 am)
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Replying to: gagrice (Dec 12, 2008 8:54 am) You guys sure can confuse me. What Michigan assisted suicide law?
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Replying to: 62vetteefp (Dec 12, 2008 8:58 am)
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Replying to: 62vetteefp (Dec 12, 2008 7:31 am) My mistake! I meant Martin Feldstein of Harvard, not Milton Friedman! Martin Feldstein called for the Big Three automakers to enter bankruptcy to rewrite excessive union contracts |
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Replying to: 62vetteefp (Dec 12, 2008 7:34 am) Senator Corker of Tennessee today said that the major sticking point was that he wanted a finite date by which the changes would be made - anytime in 2009 - and the UAW did not want to commit to that date. Gettlefinger said that he felt "set up"! |
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Replying to: gagrice (Dec 12, 2008 9:06 am) ...or go to Oregon! |
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>Gettlefinger said that he felt "set up"! GM needs to be the one feeling set up. In reality the huge retiree benefit for hourly and the work rules mandated by UAW through the decades have made US brands unable to manufacture efficiently. I have no doubts that even the overpaid, ineffective management at GM knew how to automate factories even more than they have, but they were held back by the work rules and mandated employment numbers. While I commented on the IUE workers and how efficiently they worked when I was in the Moraine plant, it seems the problem has come down not to the current workers being efficient, but that the plants could have been more automated and much more efficient financially. GM could have been making more profit per car to have more money to do recalls on problems that erupt as have Toyota and honda with their transmission, vibration, shifting, VCM, sludge and other problems. That would have earned GM a better reputation about handling of the typical, average problems which most manufacturers have. |
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Replying to: 62vetteefp (Dec 12, 2008 7:36 am) Just got my Home equity statement. I am paying 3.24% APR. Dropped 1 point in one month!! |
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