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Automotive News & Views United Automobile Workers of America (UAW)
16733 messages, Last post on Dec 02, 2009 at 9:47 PM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: circlew (Dec 17, 2008 4:29 pm) If there was no UAW there would not be 100s of 1000s of retirees that just keep hanging in there with their gold plated health care. The rest of US retirees are stuck with cheapo Medicare that gives minimal health care. We won't live as long. How many UAW retirees are on life support to keep that fat retirement check rolling in? Reality is most health care plans have a lifetime maximum. Our Teamster plan was a million bucks. That is about good for a kidney transplant and one hip replacement. Then you are on your own. Without the billions spent each year on legacy costs GM would be better off. Without the super restrictive work rules GM would have been able to build state of the art factories here in the USA. Sure the workers would be making more like the average worker in the USA. But GM would not be begging for a handout from the tax payers. Think how degrading it had to be for Wagoner to drive that Volt to DC. Stopping every 40 miles to charge the batteries 
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Replying to: gagrice (Dec 17, 2008 5:19 pm) I wonder how he got back. Drove? Commercial? Luxury jet? |
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Gettelfinger was interviewed by phone on Campbell Brown on Cnn which rarely watch anything on. He was reluctant to admit that during the plant shutdowns (he caused) the workers will be paid a large, almost whole, fraction of their wages. She asked him the question again. And he sort of acknowledged that. But he kept saying they had to do certain things. I assume he meant like apply for unemployment insurance. I assume their medical insurance is paid also during these shutdowns. Of course the plants shut down already for 2 weeks during the holidays, don't they. Gettelfinger keeps losing me with his evasion and lack of helpfulness here. I think we need federal government to eliminate the agreements that are costing so much for our home auto companies.
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Replying to: gagrice (Dec 17, 2008 6:01 am) Health spending accounts are also going to be popular for this next generation. Municipals bonds are for the super rich, since they pay poorly, but are exempt from taxation. |
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Replying to: grbeck (Dec 17, 2008 6:46 am) RIGHT AP Online 08-31-1999 Former GM Supervisors Charged FLINT, Mich. (AP) -- Three former General Motors supervisors were charged with scheming to get more than $2 million in kickbacks and gifts from companies that did business with the automaker. Investigators said the suspects, who no longer work for GM, told suppliers to raise prices on goods and services and submit fake bills. The suppliers were then paid by GM and kick backed a payment to the three suspects. The vendors also gave the supervisors gifts such as trips to Las Vegas, motorcycles and a tanning salon membership to keep GM business, investigators told The Flint Journal.
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Replying to: gagrice (Dec 17, 2008 8:25 am) While that may be true, I thought the Japanese did other things like mandatory inspections of the imports, then drag their feet inspecting them, to discourage their importation.
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Replying to: cooterbfd (Dec 17, 2008 6:59 pm) 
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Replying to: cooterbfd (Dec 17, 2008 4:22 pm) But vexed by the rise of lower-wage competitors, including Hyundai Motor in Montgomery, Alabama, and Nissan Motor in Canton, Mississippi, Toyota has been on a campaign to establish new plants that can pay lower hourly rates than its more-established U.S. plants. Starting wages for workers at Toyota's San Antonio Tundra pickup plant, which opened in 2006, began at $15.50 an hour and are scheduled to grow to $21 an hour in 2009. And assembly workers at the company's planned Prius factory near Tupelo, Mississippi, are expected to earn $20 an hour when it opens in 2010. Yet Toyota's Corolla-Tacoma plant in Fremont, California, is a UAW-represented joint-venture with General Motors that pays national UAW rates. http://www.autonews.com/article/20081212/COPY/312129865/1197 |
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Replying to: gagrice (Dec 17, 2008 3:45 pm) I'm looking at their income statement, and it appears that $36 billion was in accounting charges. It doesn't add up to me, but they show a loss of about $4.4 billion, and paying $37.2 billion in income taxes.
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Replying to: dallasdude1 (Dec 17, 2008 6:46 pm) No doubt there. I completely avoid actively managed funds. Seems few beat the S&P like you mentioned (particularly when your limited in your choices in most 401k and 529 accounts), not to mention the higher management fees charged to get substandard returns. No thanks. Health spending accounts/flexible spending accounts are a very nice benefit. Granted the higher your tax bracket, the more you benefit. We've used a health spending account for the past 8 years and with young kids etc, it's nice to use pretax money to pay for out of pocket medical expenses etc.
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