If GM Files for Chapter 11...

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Originally Posted By: Kruse
Originally Posted By: Bill in Utah
Different world now then with what happened with Chrysler. I don't remember the demands (like firing CEO, killing off models and lines) that GM is being forced to do.



If I remember correctly, when the Government bailed our Chrysler back then, everybody took a pay cut with the exception of the secretaries.


Ok, Did the $$ come with FIRINGS? Specific lines to cut? Specific models not to make?

A "Czar" to answer to?
smirk2.gif


And lets see... How well is Chrysler doing right now?

When you ALLOW companies to fail, *if* they come back they most of the time get better.

When you bail them out, they fail more times then not.

The old give a fish vs teaching someone how to fish.
 
Originally Posted By: Johnny
Did I hear this correct, that when GM shuts down for 90 days the workers still get something like 85% of their pay.
True.
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They get a 9 week vacation with their pay and benefits.
 
A GM UAW worker makes twice what I make. Why did I go to college?
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Why would these people whine and cry if they closed some plants and got paid to sit on their a$$es?

I live so frugally, that a 20 year career as a GM UAW worker would probably set me up good for the rest of my life!

These people want their cake and they want to eat it to.
 
Quote:
No one ever gets even 1/2 of what they are owed.


The banks are being told to dismiss most of the debt anyway.

Dismissing the money that is owed the banks will sure make the banks recover quicker....

Love the "new math"...
crackmeup2.gif


And even with the auto companies having debt dismissed they still are screwed as their labor contracts and public rep will kill them.
 
Originally Posted By: Drew99GT
A GM UAW worker makes twice what I make. Why did I go to college?
33.gif


Why would these people whine and cry if they closed some plants and got paid to sit on their a$$es?

I live so frugally, that a 20 year career as a GM UAW worker would probably set me up good for the rest of my life!

These people want their cake and they want to eat it to.


You could run for a couple year term as a public "servant"
smirk2.gif
and then lose the next "election".

Then you get pay plus excellent health care that is not available to anyone else for life!
happy2.gif


And you become a instant expert in everything.
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Originally Posted By: Drew99GT
Originally Posted By: Bill in Utah

And you become a instant expert in everything.
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I already am, so I'd be in it just for the pay and benefits.
grin2.gif

cheers3.gif
 
Originally Posted By: Bill in Utah
Originally Posted By: Drew99GT
A GM UAW worker makes twice what I make. Why did I go to college?
33.gif


Why would these people whine and cry if they closed some plants and got paid to sit on their a$$es?

I live so frugally, that a 20 year career as a GM UAW worker would probably set me up good for the rest of my life!

These people want their cake and they want to eat it to.


You could run for a couple year term as a public "servant"
smirk2.gif
and then lose the next "election".

Then you get pay plus excellent health care that is not available to anyone else for life!
happy2.gif


And you become a instant expert in everything.
48.gif



It's easier to work for the UAW than win an election.
 
Originally Posted By: Bill in Utah
Originally Posted By: rszappa1
It will not matter... no body will buy a GM....
They are screwed. Every one I've talked to will no longer even look at a GM since they have been in bed with the devil.

The firing started it and the devil stating all the "rules" finished GM off.

Sad. Really sad. As a long time GM customer and loved every one of them, I will no longer buy a new one. Maybe a used one but I'm done with GM for new.
frown.gif


Bill


True, I am done with them as well and I know several people who are lifetime GM consumers...all are so disgusted with this whole buyout deal they won't go back either. The longer they drag this out the more they will damage their reputation. Average car buyers will begin to despise GM when they realize how much of their tax money has been pumped into this giant sinkhole in an effort to save UAW jobs. All for nothing...as they will end up in Chapter 11 anyway. Then the bailout payback will be void. What a waste.
 
I really hope GM does what PT1 set out - idle the plants, get the workers 'out of the picture', then file, and bring things back on-line under a court-appointed system.

You want a job at the 'new' GM? Leave your union card at home. Come and work on OUR terms.
 
Originally Posted By: addyguy

You want a job at the 'new' GM? Leave your union card at home. Come and work on OUR terms.


Good luck with that.
Do you really think Obama would allow that? Remember that our gov owns GM and Obama received a lot of money from the unions before the election.
 
Originally Posted By: Johnny
The Gov won't own them if they actually file for bankruptcy.
Depends on HOW the devil controls the bankruptcy. If they control it (making "deals" with the banks for pennys on the dollars) then it will be a LONG drawn out till the end.

With more of "bailout" $$ being wasted for our great grandkids to pay for... (*if* there is a USA left)
 
Originally Posted By: Drew99GT
Not if you get all hopey changy.


You know what I did recently?

I checked a thesaurus and found, oddly enough, that change is not a synonym for improvement.
 
Once GM is government owned and operated, it will do just fine. Regulations and tariffs will be imposed to make the automotive industry a "more fair playing field". Ford will pay a price for turning down the buy out.... I mean bail out.
 
Originally Posted By: Bill in Utah


And lets see... How well is Chrysler doing right now?


The current condition of Chrysler is not necessarily a reflection of the cars or even the current owners( Cerberus ). Couple thigs that really are behind their recent troubles more than the model lines and even more so than the outrageous union contrtacts hurting them and GM both...

Chrysler would be in a much more stable conditiom if not for Daimler bleeding off all their cash before Cerberus( sp? )bought 80% of the company from them in 07. Daimler ultimately killed Chrysler. Chrysler was in GREAT financial condition with large cash reserves prior to Daimler. This is a merger that never should have been allowed to happen.

Count Daimler sucking Chrysler's blood dry + Poor Economy = Crysler's current situation. Would take far FAR less to resuce Chrysler than it will GM simply because of GM's debt and the size of the company. Chrysler( Dodge & Jeep too )actually has some excellent vehicles( as does GM don't get me wrong )and I dont get this talk that they have nothing to offer the consumers???

09 Ram
Dakota
Journey
Charger
Challenger
Avenger
Sebring
Caravan/Town & Country
300
Jeep( various decent modele )

They can dump the Caliber, Nitro, and the Durango/Aspen but the rest of their line is pretty good actually. Bump up MPG a little on some models is the biggest thing they need to do.

Chrysler can not only survive they can prosper if they can keep their heads above water until the economy turns. It would be a crime if Chrysler and Gm are allowed to fail by the governemnt. Pretty soon every business in this country will be foreign owned. Time to look out for and protect our own.
 
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Originally Posted By: Drew99GT
A GM UAW worker makes twice what I make. Why did I go to college?
33.gif


Why would these people whine and cry if they closed some plants and got paid to sit on their a$$es?

I live so frugally, that a 20 year career as a GM UAW worker would probably set me up good for the rest of my life!

These people want their cake and they want to eat it to.


wouldn't it be smarter to complain about the disapearing middle class and stagnant wages, rather than worrying about just making more than someone who didn't go to college?
 
Oh, I forgot, since you all have worked in a plant (GM or otherwise) before....


Must be nice to be a know-it-all.....
frown.gif
 
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