12-20-2008, 08:28 AM | #85 | |
Go Rays!
Drives: 03 Trailblazer Join Date: May 2007
Location: St Pete, Florida
Posts: 2,533
|
Quote:
|
|
12-20-2008, 09:04 AM | #86 |
Drives: Both American Made Join Date: Feb 2008
Location: Texas
Posts: 781
|
Ron G. of the UAW is already intimating that they will not give the concessions the legislation speaks of and they will simply wait until the new President takes office and deal with him. So those who think the UAW will concede, I don't think it will happen. They say they have already made enough concessions and everyone else at the table must make sacrifices. Lets take a look at who is at the table, and what were their roles in causing this situation.
1. Management - They carry a huge responsibilty. They should sacrifice salaries and all non essential assets or liabilities should be sold immediately. 2. Creditors - Well I can't see how they are at fault here, and why should they sacrifice any monetary value owed to them. 3. Suppliers - Again, I can't see how they are at fault. They supplied what was asked and should be able to business with companies that will pay for their goods and services. 4. UAW - For years they have demanded compensation and benefits that far exceed not only the competition but what the job is worth. Big deal, the Jobs Bank was cancelled last month, whoopee!. How long did it go on? All the time sucking huge amounts of cash out of the companies. Their policies and demands have as much to do with this situation as does management's. 5. Federal Government - Well now as a result of the money being given, they are at the table. Personally I can't think of a single positive thing they bring to the table. 6. Stock Holders - Were it not for them there would be no big 3. But they stand to lose and have already lost a bundle. Who did I miss and what was their role in all of this? What sacrifices should they make. And as to whether or not we call this a bailout or a loan is to be determined. If it gets paid back, then it will have been a loan, albeit one that our government should not have made, and if it doesn't get paid back, well then it will be called a bailout that ultimately failed. On a side note, what I find interesting about so many of these threads is that people seem to be basing their decision largely on whether or not it will affect the Camaro being built or the price we might pay for it. This is exactly the type of mentality that has led to so many things that are wrong in this great nation. We have become a society of instant gratification, and wanting nothing to do with making the hard gut wrenching decisions that will affect the lives of our kids and grandkids. |
12-20-2008, 09:43 AM | #87 |
Drives: 1LT Cruze Summit White Join Date: Mar 2008
Location: Bedford
Posts: 708
|
Keep it clean guys good discussion here so far!!
I'd like to draw your attention to this : http://usgovinfo.about.com/cs/agenci...e4congress.htm These are the same people, Who told the Big 3 CEO's to get payed $1 These are the same people, Who are telling UAW to get payed less Essentually they are saying, Big Three need to learn how to save money and run your business, We are going to give our self a raise after GIVING 700 BILLION DOLLARS AWAY...... I think what "I" would say, is how about they learn to lead by example then? If they understand the word "Leadership" is probably a whole different discussion |
12-20-2008, 10:27 AM | #88 | |
Drives: 2010 CMG 2SS Join Date: Oct 2008
Location: NS, Canada
Posts: 118
|
Quote:
__________________
Cyber gray! |
|
12-20-2008, 11:43 AM | #89 | |
Drives: Black/Black 2SS/RS Join Date: Oct 2008
Location: Dayton, OH
Posts: 733
|
Quote:
GM was bailed out by the government because they rescued them finanically. You can call it a loan if you want, but it was a loan that GM had to have or else they'd have gone under. So, it is essentially still a bailout because the government is saving GM. Both GM and the banks were bailed out; however, the terms of what happens after are both different. They were both bailed out. |
|
12-20-2008, 05:33 PM | #90 |
Drives: Camaro 2010 SIM Join Date: Nov 2008
Location: Louisiana
Posts: 348
|
I'm rebadging my car with American flags!
|
12-20-2008, 05:37 PM | #91 |
Drives: Camaro 2010 SIM Join Date: Nov 2008
Location: Louisiana
Posts: 348
|
Oops, I see that Canada also chipped in some change so looks like I'll have to get a maple leaf from somewhere!
|
12-21-2008, 09:42 AM | #92 | |
Moderator.ca
|
Canada is contributing $4
canadian_autoaid
Quote:
__________________
Note, if I've gotten any facts wrong in the above, just ignore any points I made with them
__________________ Originally Posted by FbodFather My sister's dentist's brother's cousin's housekeeper's dog-breeder's nephew sells coffee filters to the company that provides coffee to General Motors...... ........and HE WOULD KNOW!!!!__________________ Camaro Fest sub-forum |
|
12-21-2008, 10:55 AM | #93 |
Drives: 307 cc (hard top convertible) Join Date: Oct 2008
Location: Nantes - France
Posts: 29
|
Hi everyone,
I'm french but I'm deeply concerned with american economy and in particular the car economy - first because I wanna buy this marvelous camaro here in france, but before all because we use to say here in Europe "when USA sneeze, europe gets a cold..." and it's damn true. your car industry is your spine and I believe Barak obama is gonna make something because bankruptcy is surely not an option and I wouldn't like to see GM or Chrysler in the hands of chinese... You american are great car makers and you show the entire world that you could make dream cars like the mustang 2010, Challenger or Camaro without the old fuel consumption rates - I am not afraid of the crisis, I'm ready to buy an american car, so if I can do it you can do it too and instead of buying a toyota prius just buy the next Chevrolet Volt or the next hybrid... Good luck to you and merry Christmas ! |
12-21-2008, 09:25 PM | #94 |
Let's Go Wings!
|
It's about time. This was long over due. Now people need to go back buying cars so I can get off layoff!
__________________
Current Ride
2005 Cobalt SS/SC Mods: GMPP Stage 2 K&N CAI Vibrant Racing Muffler Carbon Fiber Hood w/ SS style scoop Black Wheels Best 1/4 Mile Time 13.8 @ 101.4mph |
12-22-2008, 09:26 AM | #95 | |
Drives: POS Join Date: Mar 2008
Location: Miami
Posts: 107
|
Quote:
|
|
12-22-2008, 09:35 AM | #96 | |
Drives: fanboys and ass kissers crazy. Join Date: May 2008
Location: Ottawa, Ontario
Posts: 7,280
|
Quote:
__________________
"BBOMG - More than just a car show.... It's an experience!"
|
|
12-28-2008, 04:12 PM | #97 |
Drives: 04 Pontiac Grand Prix, for now Join Date: Dec 2008
Location: Louisiana
Posts: 10
|
Follow Caterpillar's example for starters...
http://www.msnbc.msn.com/id/28351182/
I work very closely with Caterpillar products and was somewhat surprised to see the above article on MSNBC last week. Everyone is getting hit hard but some are in a better position than others...Cat is nowhere near bankrupt but at least they're taking proactive action now instead of waiting until their feet are inches above the flames. I don't recall if their engine factories are union or not but they are spread out (In the US for starters...Georgia, South Carolina, Indiana, and other places globally) so some may be and some may not be. Our service shops in the northern part of the state are union, the shops in the southern part are not. Anyway, just thought it would be interesting read for people here to see that other companies are cutting back. |
12-29-2008, 02:21 PM | #98 |
Drives: 2007 mini cooper S Join Date: Jul 2008
Location: Atlanta
Posts: 70
|
there's a leaked toyota memo, they want to drop the wages to average wages in the state/area a plant is located in
this means 1/2 what they pay now per hour, in order to do this they need UAW weakened/gone. google news should have a copy of the memo |
Thread Tools | |
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
Help for Auto Industry Could Come Soon - Treasury Sec. Paulson to be Car Czar | camaro5 | General Automotive + Other Cars Discussion | 7 | 12-15-2008 04:52 PM |
White House says auto loans deal not imminent | camaro5 | General Automotive + Other Cars Discussion | 11 | 12-15-2008 11:44 AM |
Payment and Shipping info for 1st Edition Camaro5 shirts | TAG UR IT | Camaro5 Store Merchandise | 154 | 10-18-2008 03:00 AM |
Camaro does the Nurburgring test track in 8:20 | 2sharp | 5th Gen Camaro SS LS LT General Discussions | 45 | 07-23-2008 03:17 PM |
Chrysler SOLD! | Urthman | General Automotive + Other Cars Discussion | 3 | 05-14-2007 01:33 PM |