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Automotive News & Views United Automobile Workers of America (UAW)
16738 messages, Last post on Dec 03, 2009 at 10:07 AM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: gagrice (Dec 17, 2008 7:56 am) But as I posted elsewhere they are both down about 70% from last year for November while GM pick ups are down only 15% or so. Gas went down, little cars plummeted. |
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Replying to: gagrice (Dec 16, 2008 12:40 pm) Madoff did not only buy into hedge funds. He merely used other peole's money to pay off others debts as in a Ponzi Scheme. And not only greedy people. millions of life long savings of elderly trying to survive. We will wait to see how the scum Madoff held accountable. He is the greedy on, Sir.
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Replying to: jimbres (Dec 17, 2008 8:47 am) It's the transplants' fault that most retail customers would rather buy Camrys and Accords than Malibus, Impalas and LaCrosses. It's the transplants' fault that the UAW demanded, and management agreed to give, lavish pay and benefits for blue-collar workers. It's the transplants' fault that, when faced with falling sales, declining market share and mounting losses, the domestics opted not to do anything about their uncompetitive cost structure, which stemmed in large part from this compensation package, until the last minute, which was too late. It's the transplants' fault that the domestics ignored passenger cars until the last 2-3 years, and focused on large trucks and SUVs, in part because these vehicles generated the large profit margins necessary to support the uncompetitive cost structure. It's the transplants' fault that GM bungled an agreement with Fiat that cost the company roughly $4 billion a few years ago. It's the transplants' fault that GM sunk development money into the Solstice/Sky, SSR and XLR instead of high-quality subcompacts. It's the transplants' fault that GM decided to import two cars - the Pontiac G8 and Saturn Astra - that it could never hope to make much, if any, money on in a volatile market. Well, it's also the fault of Consumer Reports, The New York Times, Walmart, Japanese currency manipulation and the Chinese (even though they don't sell a single vehicle here)... As a regular poster, you should know by now that when discussing the domestic auto industry, it's important to remember that nothing is ever the fault of the Big Three or the UAW.
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Replying to: snookered (Dec 17, 2008 10:42 am) I have nothing good to say about Madoff pronounced made off. As in made off with a lot of people's money. What you do not seem to understand is the people in charge of Pension funds can be held accountable for making bad investments. As you pointed out Madoff was selling himself to people that gave him money in the hopes of getting big profit. They were motivated by greed rather than sound investing principles. Off shore hedge funds generally do not come under the SEC protection. So when you invest you are trusting the person handling the money. BIG mistake. Trusting anyone that is not under some regulatory body can get you in trouble. I have no sympathy for someone that handed all their life savings to Madoff or any other Flim Flam man. Even name brands like Paine Webber have screwed people with poor investments. My wife's 401K was $348k in 1998 and $106k when she transferred it to a reputable broker in 2000. Many people sued PW and won for their shoddy practices. Nothing like the Madoff Ponzi scheme. Oh, Madoff is under house arrest in his $7 million apartment. I would have chained him outside the courthouse till he died of exposure.
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Replying to: gagrice (Dec 17, 2008 12:13 pm) I have to note here that while lemko and I hardly ever agree on car style and such that I agree 100% with the above. The Corvair was a wonderful little thing. Yes, they screwed up initially. How many people look to see that the manual specifies very different tire pressures for the back and front? My dad was actually in a Corvair rollover once, escaping unharmed. But this was hardly unique to the Corvair. It wasn't the rollover champ. That was the VW bug for exactly the same reason. we now return you to the UAW.... |
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Replying to: grbeck (Dec 17, 2008 11:55 am) It's the transplants' fault that Congress rejected a bailout program and forced the White House to go through with a more business-like prepackaged bankruptcy. Regards, OW |
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Replying to: chikoo (Dec 17, 2008 8:40 am)  -Rocky |
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Replying to: grbeck (Dec 17, 2008 11:55 am) |
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Replying to: rockylee (Dec 17, 2008 2:04 pm) The UAW has not given up enough to make GM profitable. GM lost $38 billion last year when 16.9 million vehicles were sold. So the economy is not a valid argument. They lost billions every year for the last 4 years while the imports were making billions. Wagoner and Mullaly should not have been making millions while their companies were bleeding red ink. Then you are the one defending Wagoner. When he is the guy that has run GM into the ground the last 14 years. Never made a decent profit ONE YEAR since he took over the company. How can you consider that a good CEO? I guess you gauge performance on how much you sold out to the Union. Not how much money the company made.
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Replying to: gagrice (Dec 17, 2008 7:56 am) 11/08 11/07 y/08 y/07 Yaris (I) ........................................ 4,545 5,448 97,911 79,322 Fit (I)............................................. 4,909 5,361 74,755 51,314 Aveo (I) ........................................ 3,321 5,185 53,103 60,705 Total Civic..................................... 17,690 25,141 321,987 303,905 up for the yr, but down significantly for the month Total Corolla/Matrix ..................... 21,807 25,012 328,878 342,808 same here Cobalt........................................... 6,319 13,629 175,259 183,029 down for both Malibu.......................................... 9,469 7,210 160,898 116,140 UP for both Total Accord................................. 17,430 28,161 350,441 360,976 DOWN for both, but high sales anyway Total Camry.................................. 25,224 35,409 411,342 434,277 same here
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