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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: dallasdude1 (Dec 12, 2008 6:19 pm) Well, at least Nissan is still in the game with the 350Z and the GT-R. |
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Replying to: marsha7 (Dec 12, 2008 7:36 pm) 
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Replying to: lemko (Dec 13, 2008 11:11 am) My choice for President Duncan Hunter wanted to do that. Mr Obama is for making them legal citizens with full voting rights. They will jump right into those jobs left vacant when the UAW contracts get voided. Then they will buy all the foreclosed homes in Detroit at pennies on the dollar and it will be the dawning of a new age in Michigan. They may even keep Buick around for your driving pleasure. Old Buicks are very popular with Latinos in my area.
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Replying to: dallasdude1 (Dec 12, 2008 7:29 pm) Last week, Moody's Economy.com economist Mark Zandi suggested during one of the auto bailout hearings on Capitol Hill that the Big Three could need between $75 billion to $125 billion over the next two years if they are to survive. He predicted that even if the government approves the $34 billion loan package, the automakers would be back to Washington later in 2009 asking for additional help. That's because he thinks U.S. auto sales will remain weak well into 2010, due to problems in the economy and the bubble in auto sales from earlier in the decade. In his testimony, Zandi said he estimates the entire auto industry would have to shut down production for nearly a year to work off the excess cars and light trucks that were sold during the bubble years. $34B just a small start I know, you know better than Zandi.  Regards, OW
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Replying to: gagrice (Dec 13, 2008 11:27 am) 
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Replying to: lemko (Dec 13, 2008 12:44 pm) |
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Replying to: circlew (Dec 13, 2008 11:56 am) That would be much closer to my guess. And even then GM will need to whittle costs a bunch to make money. If GM lost $38 billion last year with 16 million cars sold. What will they lose with only 10 million sold? We are getting lied to big time. No different than CA latest boondoggle. Getting a hi speed rail system past the voters telling them it will be only $10 billion. When the truth is it will be at least $90 billion before a single run from LA to SF is completed. |
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our hospital recently sent my boss-man and I to Atlanta, GA, to go to sleep-study school. Really, no sleeping was allowed during class time.  But I have to say, their rail system(called MARTA) in that eastern city(farthest east I have ever been)was really pretty useful, easy-to-operate, and efficient. Rail is still something that can have some goodness to it, esp. in a large, urban setting. They really use it there in Atlanta. |
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Bush will not have a GM failure on his watch. No president would want that in the history books: "Destroyed an Icon of American Industrial Might' When asked to be competitive with Japanese assembly wages the UAW would not promise anything at all. They refused to allow a date for that to be set. Most auto parts going into GM cars are made by $10 an hour factory workers in small towns around the Midwest and Mid-south. There is nothing to give there. Half of those companies are near bankruptcy already. UAW wage of $28 an hour. New college grads with mechanical, electrical, industrial, or manufacturing engineering degrees no longer recruited into $26 an hour jobs at the D3. There are just layoffs coming and a hiring freeze. Not much to give there. I guess Gettlefinger thinks an engineer should give up $10 an hour and then make $12 less than a H.S. grad. Result: president will give bridge loan to D3 and it will get us to the new congress session in Feb. to resume negotiations. Suppliers owed money will get 30 cents on the dollar. GM will make all their managers back into engineers. UAW will retain upper middle class incomes and black magic will be brought in to make the D3 competitive. How else can a $12 an hour excess UAW labor cost, 650,000 retirees pensions and health care, and inability to hire new blood into the design side be offset when you have to compete with the transplants? What of these would replacing Wagoner change?
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