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Automotive News & Views GM News, New Models and Market Share
8263 messages, Last post on Nov 23, 2009 at 1:10 PM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: fezo (Nov 11, 2008 5:03 pm) |
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Replying to: toyot4life (Nov 11, 2008 5:14 pm) Who are you, Mitt Romney???? |
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Replying to: 62vetteefp (Nov 11, 2008 3:32 pm) Most people do not realize how much of a disaster letting GM Ford and Chrysler die would be. It would be far far worse than anything the Taliban or Osama could do to the U.S. As for advertising.. you can't sell cars with out it. People who don't understand need a lesson in marketing 101. |
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Replying to: fezo (Nov 11, 2008 5:03 pm) There's an old saw - borrow a little and you owe your soul to the bank. Borrow a lot and you own the bank. 
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Replying to: toyot4life (Nov 11, 2008 5:14 pm) The U.S. is a complete disaster though and it's mostly due to the credit crunch in my opinion. If you can't borrow anymore, how can you buy a car. Even the Japanese car makers are down 25-30%.
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Replying to: vanman1 (Nov 11, 2008 5:27 pm) I'm genuinely of a mixed mind here. It would undoubtedly be a disaster for GM to fail. I get that. The question is more can we prevent the failure by buying them time? I don't know the answer. They'll almost certainly get a bailout package so I guess we will see. The incoming president and both houses of Congress favor the bailout. They either have to convince the incumbent president or hang on for dear life for just over two months.
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Replying to: fezo (Nov 11, 2008 7:02 pm) No doubt GM has done a lot of stupid things in the past but in the last few years I have finally seen some decent products. I think they havethe best new product of any of the American makers and competitive with the best of the best. I think if the unions co-operate, GM could be very viable. They have shown they can compete and succeed elsewhere. The perfect storm hit and spiking gas prices, a housing crisis and a credit crunch were not GM's making.
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GM's Wagoner: We need help this year In a Nov. 10 interview with Automotive News Editor David Sedgwick, General Motors CEO Rick Wagoner addressed these questions: • What concessions would he offer in return for aid? • Can GM reduce its monthly cash burn? http://www.autonews.com/ |
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New Wage and Benefit Structure for Entry-Level Employees To keep work in UAW GM plants, and to create a realistic possibility of adding work for future growth, the proposed agreement establishes a new pay structure for entry-level employees. The new structure applies to what GM calls “non-core” jobs in all its facilities. Examples of “non-core” jobs include, but are not limited to, material movement, general stores management, finished vehicle driving, paint mix room, chemical management and subassembly. Workers hired in under the entry-level structure will have the opportunity for traditional UAW GM jobs as positions become available. Entry-Level Wages The new entry-level wage structure applies to UAW-represented workers in non-core jobs hired on or after the effective date of the proposed agreement. Temporary employees who were on the rolls prior to the effective date, and are subsequently converted to permanent status, are not considered entry-level employees and will receive traditional wages. The entry-level wage structure, which is modeled after the UAW-Delphi agreement, has two key elements: • New wage rates for three classification groupings. •A new wage formula that provides annual increases tied to either (a) the percentage increase in average hourly earnings, excluding overtime, of workers in the U.S. manufacturing sector or (b) the annual rate of inflation, whichever is greater. Increases will take effect in the first pay period of each calendar year. In addition to annual wage formula increases, entry-level workers with seniority as of the designated eligibility date will receive performance bonuses in each year of the four-year agreement. An entry-level worker’s performance bonus will be equal to 3 percent of qualified earnings during the previous 52 pay periods. Performance bonuses will be paid in May 2008, 2009, 2010 and 2011, based on April eligibility dates. Group A (example: machining) Starting Pay $ 14.61 Production Rate $16.23 Group B (example: subassembly) Starting Pay $14.00 Production Rate $15.30 Group C (example: material handling) Starting Pay $14.00 Production Rate $14.50 Entry-level workers are not eligible for pay for the Independence Day holiday week. Workers not scheduled to work during that period will have the option of using vacation hours or taking an unpaid leave of absence. Entry-Level Benefits Entry-level workers will be covered by a separate benefit plan, including the following elements: • A cash balance defined-benefit retirement plan: GM will deposit 6.4 percent of workers’ wages into a portable retirement plan, which will accrue interest tied to the 30-year U.S. Treasury bond. • Health care plan: Entry-level workers will be covered by a health care plan, with annual in-network deductibles of $300 single/$600 family. Coinsurance will be 10 percent in-network, with an annual cap on out-of-pocket expenditures of $1,000 single/$2,000 family. To defray these costs, GM will reimburse workers up to $300 single/$600 family annually from a flexible health care spending account. Entry-level workers will be eligible for dental coverage and a vision exam after three years, and for full vision coverage after five years. • Supplemental Unemployment Benefits: Entry-level workers with at least one but less than three years seniority will be eligible for 26 weeks of SUB. That increases to 52 weeks (which can be extended) for workers with three or more years seniority. -Rocky |
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Replying to: rockylee (Nov 11, 2008 8:44 pm) I'm offended as american that one of my fellow countrymen can sit up on their high horse and root for GM, to die !!! Such ignorance bothers me !!! Millions of jobs are on the line and it's like nobody could give a rats ass on who it might affect !!! I don't want some other paper pushin' pansy to take the reins at GM, because these empty suits look at 5-10 year short-term profits instead of growing a solid long-term strategy !!!!  Vehicles like the Chevy Cruze, should of been out a few years ago. The Aura, could use a interior materials upgrade along with some new creature features. why not add something like the Microsoft sync system to the Aura ??? Give it some specific flavor instead of a one size fits all approach !!! That is the main problem when you don't have car guys running a company !!!!  -Rocky |
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