Automakers Ask For 75 Billion Bailout/Wall Street Weasels Got 750
however they are not and we havent seen the full plan yet, there may be stipulations
im not in favor of either bailout
did you know that GM's compensation model is on avg 60% higher than toyota and honda? good piece in the WSJ today about it. GM has 7000 dealerships, toyota has 1500, honda a little more
my brother covered autos on wall street for a bit so i understand a bit of their business model (through him). most who cover them knows that capacity needs to be taken out of the mkt
the major concern of a chapter 11 GM is 'will people buy from a chapter 11 gm?" 'how badly will the supply chain get hit with fallout?'
however they are not and we havent seen the full plan yet, there may be stipulations
im not in favor of either bailout
did you know that GM's compensation model is on avg 60% higher than toyota and honda? good piece in the WSJ today about it. GM has 7000 dealerships, toyota has 1500, honda a little more
my brother covered autos on wall street for a bit so i understand a bit of their business model (through him). most who cover them knows that capacity needs to be taken out of the mkt
the major concern of a chapter 11 GM is 'will people buy from a chapter 11 gm?" 'how badly will the supply chain get hit with fallout?'
Yeah am sick of people always blaming the worker for the company failing, instead of the top people who basically bleed the company dry. When gm or any company makes the contract with the employees, you got to have the funds to cover those deals and if you dont then dont make the contract but to blame the workers for gm's problems just isnt fair. For one gm has never changed their model to compete with toyota and honda. They need a whole new line of vehicles that can go toe to toe withose other companies. This isnt the line workers fault, its managements fault.
Then again as our good friend slim would say, its the viagra gm is paying for that has killed the company. The less then 2 bucks a vehicle has done the company in.
Yeah am sick of people always blaming the worker for the company failing, instead of the top people who basically bleed the company dry. When gm or any company makes the contract with the employees, you got to have the funds to cover those deals and if you dont then dont make the contract but to blame the workers for gm's problems just isnt fair. For one gm has never changed their model to compete with toyota and honda. They need a whole new line of vehicles that can go toe to toe withose other companies. This isnt the line workers fault, its managements fault.
Then again as our good friend slim would say, its the viagra gm is paying for that has killed the company. The less then 2 bucks a vehicle has done the company in.
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cd - im all for the worker getting as much as they can but what happens when there's no more company?
also, the government has a "contract" with its citizens for social security, medicare, medicad and there is no money in those coffers
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cd - im all for the worker getting as much as they can but what happens when there's no more company?
also, the government has a "contract" with its citizens for social security, medicare, medicad and there is no money in those coffers
star - if the big 3 change their business model like the banks have been forced to do, then im ok with some help...like a very soft chapter 11, ensuring suppliers and parts arent affected as much
however they are not and we havent seen the full plan yet, there may be stipulations
im not in favor of either bailout
did you know that GM's compensation model is on avg 60% higher than toyota and honda? good piece in the WSJ today about it. GM has 7000 dealerships, toyota has 1500, honda a little more
my brother covered autos on wall street for a bit so i understand a bit of their business model (through him). most who cover them knows that capacity needs to be taken out of the mkt
the major concern of a chapter 11 GM is 'will people buy from a chapter 11 gm?" 'how badly will the supply chain get hit with fallout?'
I agree they have to change things up and cant keep doing business as usual. If i had to choose between bailing the auto makers out or the aig's, i would say bail the automakers out. If these 3 companies go under the ripple effect that would be created in this country would be unreal. People dont realize how much these companies are connected with other companies across the country. The job losses not only at the automakers but across the land would be massive.
Alot of these other bailouts am totally against and really believe they should just let them fail or be picked up by others.
We finally agree![]()
![]()
star - if the big 3 change their business model like the banks have been forced to do, then im ok with some help...like a very soft chapter 11, ensuring suppliers and parts arent affected as much
however they are not and we havent seen the full plan yet, there may be stipulations
im not in favor of either bailout
did you know that GM's compensation model is on avg 60% higher than toyota and honda? good piece in the WSJ today about it. GM has 7000 dealerships, toyota has 1500, honda a little more
my brother covered autos on wall street for a bit so i understand a bit of their business model (through him). most who cover them knows that capacity needs to be taken out of the mkt
the major concern of a chapter 11 GM is 'will people buy from a chapter 11 gm?" 'how badly will the supply chain get hit with fallout?'
I agree they have to change things up and cant keep doing business as usual. If i had to choose between bailing the auto makers out or the aig's, i would say bail the automakers out. If these 3 companies go under the ripple effect that would be created in this country would be unreal. People dont realize how much these companies are connected with other companies across the country. The job losses not only at the automakers but across the land would be massive.
Alot of these other bailouts am totally against and really believe they should just let them fail or be picked up by others.
We finally agree![]()
![]()
star - if the big 3 change their business model like the banks have been forced to do, then im ok with some help...like a very soft chapter 11, ensuring suppliers and parts arent affected as much
however they are not and we havent seen the full plan yet, there may be stipulations
im not in favor of either bailout
did you know that GM's compensation model is on avg 60% higher than toyota and honda? good piece in the WSJ today about it. GM has 7000 dealerships, toyota has 1500, honda a little more
my brother covered autos on wall street for a bit so i understand a bit of their business model (through him). most who cover them knows that capacity needs to be taken out of the mkt
the major concern of a chapter 11 GM is 'will people buy from a chapter 11 gm?" 'how badly will the supply chain get hit with fallout?'
star - if the big 3 change their business model like the banks have been forced to do, then im ok with some help...like a very soft chapter 11, ensuring suppliers and parts arent affected as much
however they are not and we havent seen the full plan yet, there may be stipulations
im not in favor of either bailout
did you know that GM's compensation model is on avg 60% higher than toyota and honda? good piece in the WSJ today about it. GM has 7000 dealerships, toyota has 1500, honda a little more
my brother covered autos on wall street for a bit so i understand a bit of their business model (through him). most who cover them knows that capacity needs to be taken out of the mkt
the major concern of a chapter 11 GM is 'will people buy from a chapter 11 gm?" 'how badly will the supply chain get hit with fallout?'
I keep reading more and more from elected officials saying NO WAY.
And rightly so.
This wasnt caused by the financial system freezing, this was caused by stupidity.
The "bailout" for the most part isnt a bailout at all, its the government LOANING money and receiving equity in return, or an outright forced purchase of shares.
The government stands to make a hefty sum once this cloud moves on and the system starts to behave regularly.
I keep reading more and more from elected officials saying NO WAY.
And rightly so.
This wasnt caused by the financial system freezing, this was caused by stupidity.
The "bailout" for the most part isnt a bailout at all, its the government LOANING money and receiving equity in return, or an outright forced purchase of shares.
The government stands to make a hefty sum once this cloud moves on and the system starts to behave regularly.
They wont get any money.
I keep reading more and more from elected officials saying NO WAY.
And rightly so.
This wasnt caused by the financial system freezing, this was caused by stupidity.
The "bailout" for the most part isnt a bailout at all, its the government LOANING money and receiving equity in return, or an outright forced purchase of shares.
The government stands to make a hefty sum once this cloud moves on and the system starts to behave regularly.
Those elected officials will regret if those companies go out of business, because the trickle down effect it will cause will be massive. Remeber you heard it hear first that those officials will be kicking themselves should this happen![]()
They wont get any money.
I keep reading more and more from elected officials saying NO WAY.
And rightly so.
This wasnt caused by the financial system freezing, this was caused by stupidity.
The "bailout" for the most part isnt a bailout at all, its the government LOANING money and receiving equity in return, or an outright forced purchase of shares.
The government stands to make a hefty sum once this cloud moves on and the system starts to behave regularly.
Those elected officials will regret if those companies go out of business, because the trickle down effect it will cause will be massive. Remeber you heard it hear first that those officials will be kicking themselves should this happen![]()
you just love seeing money taken away from working people. I think you truly enjoy it because your a nasty person. Yup take the money away from the workers and give the fatcats and shareholders that money
That will solve the problem.
Never once does cutting the big salaries of the top guys and all their big bonuses come out of your mouth. You just cant say it
you just love seeing money taken away from working people. I think you truly enjoy it because your a nasty person. Yup take the money away from the workers and give the fatcats and shareholders that money
That will solve the problem.
Never once does cutting the big salaries of the top guys and all their big bonuses come out of your mouth. You just cant say it
second - the failure of the big 3 is on every level...design, leadership, manufacturing, advertising, marketing
and like every organisation, the responsibility ultimately falls with management
second - the failure of the big 3 is on every level...design, leadership, manufacturing, advertising, marketing
and like every organisation, the responsibility ultimately falls with management
It isnt taking money away, it is taking EXCESS money away, these firms are paying too much to their workers, they have a monster pension liability and benefits responsibility.
They cannot exist paying workers a premium compared to profitable, existing, working counter parties.
Slim is right, the UAW needs to be thrown out of there and so does current multiple layers of management. If the company cannot compete, how are they going to compete, by making a crappy product and trying to charge equal prices to other companies making a BETTER product?
This financial problem has been brewing for 20 plus years and is a function of the labor union manhandling management.
Ch 11 is a terrible thought, the pension problems get dumped into the laps of the taxpayer, the debt holders and creditors get dumped and the common shareholder gets dumped.
Why would the overpaid workers not face the same fate that they were partially responsible for causing?
It isnt taking money away, it is taking EXCESS money away, these firms are paying too much to their workers, they have a monster pension liability and benefits responsibility.
They cannot exist paying workers a premium compared to profitable, existing, working counter parties.
Slim is right, the UAW needs to be thrown out of there and so does current multiple layers of management. If the company cannot compete, how are they going to compete, by making a crappy product and trying to charge equal prices to other companies making a BETTER product?
This financial problem has been brewing for 20 plus years and is a function of the labor union manhandling management.
Ch 11 is a terrible thought, the pension problems get dumped into the laps of the taxpayer, the debt holders and creditors get dumped and the common shareholder gets dumped.
Why would the overpaid workers not face the same fate that they were partially responsible for causing?
cd,
It isnt taking money away, it is taking EXCESS money away, these firms are paying too much to their workers, they have a monster pension liability and benefits responsibility.
They cannot exist paying workers a premium compared to profitable, existing, working counter parties.
Slim is right, the UAW needs to be thrown out of there and so does current multiple layers of management. If the company cannot compete, how are they going to compete, by making a crappy product and trying to charge equal prices to other companies making a BETTER product?
This financial problem has been brewing for 20 plus years and is a function of the labor union manhandling management.
Ch 11 is a terrible thought, the pension problems get dumped into the laps of the taxpayer, the debt holders and creditors get dumped and the common shareholder gets dumped.
Why would the overpaid workers not face the same fate that they were partially responsible for causing?
Well if the workers have to take reductions in pay, then so should all the bigshots. All the huge management salaries and bonuses need to be cut then also. This cant be all about the regular workers taking a hit, so the top guys can have more.
I just know if the govt lets the auto companies go belly up, this country will be screwed bigtime due to the ripple effect. This is something i dont think any of us will want to see. This isnt about letting some bank go under, this is about companies connected in a lot of ways with the whole economy.
But i agree if cuts need to be made to save the company, then everybody needs to take cuts. As far as retirees go, am sorry but they have got to be off limits because the company shouldnt have been raiding the retirement accounts. You can ask retirees who put in their whole life working for gm, who retired with their benefits to suddenly just give them up. Are these people supposed to just go out and start new careers.![]()
cd,
It isnt taking money away, it is taking EXCESS money away, these firms are paying too much to their workers, they have a monster pension liability and benefits responsibility.
They cannot exist paying workers a premium compared to profitable, existing, working counter parties.
Slim is right, the UAW needs to be thrown out of there and so does current multiple layers of management. If the company cannot compete, how are they going to compete, by making a crappy product and trying to charge equal prices to other companies making a BETTER product?
This financial problem has been brewing for 20 plus years and is a function of the labor union manhandling management.
Ch 11 is a terrible thought, the pension problems get dumped into the laps of the taxpayer, the debt holders and creditors get dumped and the common shareholder gets dumped.
Why would the overpaid workers not face the same fate that they were partially responsible for causing?
Well if the workers have to take reductions in pay, then so should all the bigshots. All the huge management salaries and bonuses need to be cut then also. This cant be all about the regular workers taking a hit, so the top guys can have more.
I just know if the govt lets the auto companies go belly up, this country will be screwed bigtime due to the ripple effect. This is something i dont think any of us will want to see. This isnt about letting some bank go under, this is about companies connected in a lot of ways with the whole economy.
But i agree if cuts need to be made to save the company, then everybody needs to take cuts. As far as retirees go, am sorry but they have got to be off limits because the company shouldnt have been raiding the retirement accounts. You can ask retirees who put in their whole life working for gm, who retired with their benefits to suddenly just give them up. Are these people supposed to just go out and start new careers.![]()
piece from april 07 about the us/japanese automakers differences in health coverage. funny, even then they were worried about bankruptcy b/c of spiralling healthcare costs
piece from april 07 about the us/japanese automakers differences in health coverage. funny, even then they were worried about bankruptcy b/c of spiralling healthcare costs
Of the 33 auto, engine and transmission plants in the U.S. that are wholly owned by foreign companies, none have been organized by the UAW, despite repeated attempts. Mainly, foreign auto makers have located plants in Southern states where the UAW has little presence and where right-to-work laws limit union power. When they have ventured into Northern states such as Indiana and Ohio, they have mostly chosen rural locations far from any unionized plants and UAW halls.
Of the 33 auto, engine and transmission plants in the U.S. that are wholly owned by foreign companies, none have been organized by the UAW, despite repeated attempts. Mainly, foreign auto makers have located plants in Southern states where the UAW has little presence and where right-to-work laws limit union power. When they have ventured into Northern states such as Indiana and Ohio, they have mostly chosen rural locations far from any unionized plants and UAW halls.
interesting piece on how honda does business in the US:
Of the 33 auto, engine and transmission plants in the U.S. that are wholly owned by foreign companies, none have been organized by the UAW, despite repeated attempts. Mainly, foreign auto makers have located plants in Southern states where the UAW has little presence and where right-to-work laws limit union power. When they have ventured into Northern states such as Indiana and Ohio, they have mostly chosen rural locations far from any unionized plants and UAW halls.
lmfaoooooooooo amazing how you left off one very important sentence off your copy and paste KOAJ.
Really why didnt copy the last sentence? Becuase you are a hardcore union buster, thats why. Well folks here the last sentence that he just managed to forgot, even thou it was all part of the same paragraph. You just believe so much that workers should be underpaid with no benefits, while the owners make all the cash. This is your way of thinking. I have to wonder thou if you were on the other end and working in one of these auto plants depending on it to feed your family, would you have the same feelings?
"The moves now are helping the foreign-owned plants begin to lower wage scales."
I wonder how much these nascar hillbillies are letting themselves get paid?
interesting piece on how honda does business in the US:
Of the 33 auto, engine and transmission plants in the U.S. that are wholly owned by foreign companies, none have been organized by the UAW, despite repeated attempts. Mainly, foreign auto makers have located plants in Southern states where the UAW has little presence and where right-to-work laws limit union power. When they have ventured into Northern states such as Indiana and Ohio, they have mostly chosen rural locations far from any unionized plants and UAW halls.
lmfaoooooooooo amazing how you left off one very important sentence off your copy and paste KOAJ.
Really why didnt copy the last sentence? Becuase you are a hardcore union buster, thats why. Well folks here the last sentence that he just managed to forgot, even thou it was all part of the same paragraph. You just believe so much that workers should be underpaid with no benefits, while the owners make all the cash. This is your way of thinking. I have to wonder thou if you were on the other end and working in one of these auto plants depending on it to feed your family, would you have the same feelings?
"The moves now are helping the foreign-owned plants begin to lower wage scales."
I wonder how much these nascar hillbillies are letting themselves get paid?
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