Home › Forums › Financial Markets/Economics › GM seeks up to $30B in aid, to cut 47,000 jobs
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February 17, 2009 at 7:41 PM #349012February 17, 2009 at 7:45 PM #348457ArrayaParticipant
Arraya, GM bought Hummer from AM General they did not “come out with it”.
No need to check facts folks, its not like our domestic auto industry deserves anything as labor intensive as a Google search.
Lithium storage batteries have serious problems and its largly why we don’t have an electric vehicle from GM or Toyota. I’ll let you buy the first model that rolls off any assembly line. Those batteries will be mucho expensive to replace.Scarlet, I agree with you that America got sold out. I’d say 30-40 years ago. Still, GM drove the company in the wrong direction. They should have spent all that SUV money on EV development. All car mfgs are going to downsize or go out of business and GM is at the bottom of the barrel.
There is no saving GM, it’s a dinosaur.
February 17, 2009 at 7:45 PM #348774ArrayaParticipantArraya, GM bought Hummer from AM General they did not “come out with it”.
No need to check facts folks, its not like our domestic auto industry deserves anything as labor intensive as a Google search.
Lithium storage batteries have serious problems and its largly why we don’t have an electric vehicle from GM or Toyota. I’ll let you buy the first model that rolls off any assembly line. Those batteries will be mucho expensive to replace.Scarlet, I agree with you that America got sold out. I’d say 30-40 years ago. Still, GM drove the company in the wrong direction. They should have spent all that SUV money on EV development. All car mfgs are going to downsize or go out of business and GM is at the bottom of the barrel.
There is no saving GM, it’s a dinosaur.
February 17, 2009 at 7:45 PM #348893ArrayaParticipantArraya, GM bought Hummer from AM General they did not “come out with it”.
No need to check facts folks, its not like our domestic auto industry deserves anything as labor intensive as a Google search.
Lithium storage batteries have serious problems and its largly why we don’t have an electric vehicle from GM or Toyota. I’ll let you buy the first model that rolls off any assembly line. Those batteries will be mucho expensive to replace.Scarlet, I agree with you that America got sold out. I’d say 30-40 years ago. Still, GM drove the company in the wrong direction. They should have spent all that SUV money on EV development. All car mfgs are going to downsize or go out of business and GM is at the bottom of the barrel.
There is no saving GM, it’s a dinosaur.
February 17, 2009 at 7:45 PM #348925ArrayaParticipantArraya, GM bought Hummer from AM General they did not “come out with it”.
No need to check facts folks, its not like our domestic auto industry deserves anything as labor intensive as a Google search.
Lithium storage batteries have serious problems and its largly why we don’t have an electric vehicle from GM or Toyota. I’ll let you buy the first model that rolls off any assembly line. Those batteries will be mucho expensive to replace.Scarlet, I agree with you that America got sold out. I’d say 30-40 years ago. Still, GM drove the company in the wrong direction. They should have spent all that SUV money on EV development. All car mfgs are going to downsize or go out of business and GM is at the bottom of the barrel.
There is no saving GM, it’s a dinosaur.
February 17, 2009 at 7:45 PM #349027ArrayaParticipantArraya, GM bought Hummer from AM General they did not “come out with it”.
No need to check facts folks, its not like our domestic auto industry deserves anything as labor intensive as a Google search.
Lithium storage batteries have serious problems and its largly why we don’t have an electric vehicle from GM or Toyota. I’ll let you buy the first model that rolls off any assembly line. Those batteries will be mucho expensive to replace.Scarlet, I agree with you that America got sold out. I’d say 30-40 years ago. Still, GM drove the company in the wrong direction. They should have spent all that SUV money on EV development. All car mfgs are going to downsize or go out of business and GM is at the bottom of the barrel.
There is no saving GM, it’s a dinosaur.
February 17, 2009 at 8:06 PM #348497Rt.66Participant[quote=equalizer][quote=macromaniac]Pigs,
[/quote]
graduated HS in Detroit area, so know all about winnning the lottery, otherwise known as getting a job for auto co, port union or pretty much any GOVT job with a GED. We know that super high wages/benefits (for the work done) have added about $1500 per car. But Rick Wagoner gets to keep his job even though HE signed those union contracts too.But are the guys in Hollywood or Wall St saints? They take (otherwise known as theft) salary/bonuses as a percent of revenue in one unit instead of total company profits as in every other business. Then they dont pay taxes on the movie because they uses accounting tricks to claim that the movie lost money when it grossed $150M. How much of that theft is in the $11 movie ticket? $18.4 billion bonus total for 2008 on Wall St while many firms went bankrupt/bought for $1 or bailed out by taxpayers? Where do you think that money came from? Stolen from taxpayers/shareholders.
Its a damn good thing those unions workers are lazy or else they would go torch Wall St, but they wouldn’t find it anyway cause the nav system on the GM car would take them to the Chrysler plant.
[/quote]That $1500 is health benefits right not wages, which are actually right inline with Japanese factories in the US.
I don’t get the middle part of your post, is that alcohol talking? I’m working a Tequila Sunrise myself, so no stone tossing.
The last part about the nav system is too funny tho! Wall Street needs a good torching.
February 17, 2009 at 8:06 PM #348814Rt.66Participant[quote=equalizer][quote=macromaniac]Pigs,
[/quote]
graduated HS in Detroit area, so know all about winnning the lottery, otherwise known as getting a job for auto co, port union or pretty much any GOVT job with a GED. We know that super high wages/benefits (for the work done) have added about $1500 per car. But Rick Wagoner gets to keep his job even though HE signed those union contracts too.But are the guys in Hollywood or Wall St saints? They take (otherwise known as theft) salary/bonuses as a percent of revenue in one unit instead of total company profits as in every other business. Then they dont pay taxes on the movie because they uses accounting tricks to claim that the movie lost money when it grossed $150M. How much of that theft is in the $11 movie ticket? $18.4 billion bonus total for 2008 on Wall St while many firms went bankrupt/bought for $1 or bailed out by taxpayers? Where do you think that money came from? Stolen from taxpayers/shareholders.
Its a damn good thing those unions workers are lazy or else they would go torch Wall St, but they wouldn’t find it anyway cause the nav system on the GM car would take them to the Chrysler plant.
[/quote]That $1500 is health benefits right not wages, which are actually right inline with Japanese factories in the US.
I don’t get the middle part of your post, is that alcohol talking? I’m working a Tequila Sunrise myself, so no stone tossing.
The last part about the nav system is too funny tho! Wall Street needs a good torching.
February 17, 2009 at 8:06 PM #348934Rt.66Participant[quote=equalizer][quote=macromaniac]Pigs,
[/quote]
graduated HS in Detroit area, so know all about winnning the lottery, otherwise known as getting a job for auto co, port union or pretty much any GOVT job with a GED. We know that super high wages/benefits (for the work done) have added about $1500 per car. But Rick Wagoner gets to keep his job even though HE signed those union contracts too.But are the guys in Hollywood or Wall St saints? They take (otherwise known as theft) salary/bonuses as a percent of revenue in one unit instead of total company profits as in every other business. Then they dont pay taxes on the movie because they uses accounting tricks to claim that the movie lost money when it grossed $150M. How much of that theft is in the $11 movie ticket? $18.4 billion bonus total for 2008 on Wall St while many firms went bankrupt/bought for $1 or bailed out by taxpayers? Where do you think that money came from? Stolen from taxpayers/shareholders.
Its a damn good thing those unions workers are lazy or else they would go torch Wall St, but they wouldn’t find it anyway cause the nav system on the GM car would take them to the Chrysler plant.
[/quote]That $1500 is health benefits right not wages, which are actually right inline with Japanese factories in the US.
I don’t get the middle part of your post, is that alcohol talking? I’m working a Tequila Sunrise myself, so no stone tossing.
The last part about the nav system is too funny tho! Wall Street needs a good torching.
February 17, 2009 at 8:06 PM #348966Rt.66Participant[quote=equalizer][quote=macromaniac]Pigs,
[/quote]
graduated HS in Detroit area, so know all about winnning the lottery, otherwise known as getting a job for auto co, port union or pretty much any GOVT job with a GED. We know that super high wages/benefits (for the work done) have added about $1500 per car. But Rick Wagoner gets to keep his job even though HE signed those union contracts too.But are the guys in Hollywood or Wall St saints? They take (otherwise known as theft) salary/bonuses as a percent of revenue in one unit instead of total company profits as in every other business. Then they dont pay taxes on the movie because they uses accounting tricks to claim that the movie lost money when it grossed $150M. How much of that theft is in the $11 movie ticket? $18.4 billion bonus total for 2008 on Wall St while many firms went bankrupt/bought for $1 or bailed out by taxpayers? Where do you think that money came from? Stolen from taxpayers/shareholders.
Its a damn good thing those unions workers are lazy or else they would go torch Wall St, but they wouldn’t find it anyway cause the nav system on the GM car would take them to the Chrysler plant.
[/quote]That $1500 is health benefits right not wages, which are actually right inline with Japanese factories in the US.
I don’t get the middle part of your post, is that alcohol talking? I’m working a Tequila Sunrise myself, so no stone tossing.
The last part about the nav system is too funny tho! Wall Street needs a good torching.
February 17, 2009 at 8:06 PM #349067Rt.66Participant[quote=equalizer][quote=macromaniac]Pigs,
[/quote]
graduated HS in Detroit area, so know all about winnning the lottery, otherwise known as getting a job for auto co, port union or pretty much any GOVT job with a GED. We know that super high wages/benefits (for the work done) have added about $1500 per car. But Rick Wagoner gets to keep his job even though HE signed those union contracts too.But are the guys in Hollywood or Wall St saints? They take (otherwise known as theft) salary/bonuses as a percent of revenue in one unit instead of total company profits as in every other business. Then they dont pay taxes on the movie because they uses accounting tricks to claim that the movie lost money when it grossed $150M. How much of that theft is in the $11 movie ticket? $18.4 billion bonus total for 2008 on Wall St while many firms went bankrupt/bought for $1 or bailed out by taxpayers? Where do you think that money came from? Stolen from taxpayers/shareholders.
Its a damn good thing those unions workers are lazy or else they would go torch Wall St, but they wouldn’t find it anyway cause the nav system on the GM car would take them to the Chrysler plant.
[/quote]That $1500 is health benefits right not wages, which are actually right inline with Japanese factories in the US.
I don’t get the middle part of your post, is that alcohol talking? I’m working a Tequila Sunrise myself, so no stone tossing.
The last part about the nav system is too funny tho! Wall Street needs a good torching.
February 17, 2009 at 8:19 PM #348512socratttParticipant[quote=Scarlet]SOCRATT, Thanks for jumping into the kiddie pool.
Toyota and Honda are really hurting right now, or haven’t you heard? You might want to take your ear off the corporate lemming phone. Did toyota, honda , nissan and mazda fail to understand the market?
Guess what? That Aztek is an absolutely awesome vehicle. Now I know in third grade something that is funny looking is to be ridiculed but you know not of what you speak concerning that vehicle. How do i know? The Aztek is the sister SUV to my Buick. Crawl around and under one next time you see one. Beauty is skin deep and I think even the most Japanese of Japan fans will appreciate the mechanicle wonder of the vehicle.
The pinto was and easy target, I’ll give you that one.
Old Raleighs are better than old Peugots and newer versions of both makes suck.[/quote]
Scarlet are you married to Breeze (sorry Breeze I actually dig the last couple of your posts)? You defend every post as if you have any clue. If you truly are driving the sister vehicle to the Aztek that would seem to answer most of my questions about you. Don’t continue to embarrass yourself with all the replies to these posters simply because you have a Buick that somehow made it past 70K miles.
You are as ignorant as those you speak of in these posts with the small tidbits of understanding you have of these car manufacturers. You are the typical, buy American because we are in America. Sorry, but I wouldn’t buy American if you paid me to. Your thoughtless comment on Honda and Toyota again answer my questions about you. Did you know we are in a global recession? Has Toyota or Honda asked for a government bailout? Of course they are hurting, so are you and your neighbor. Everyone hurts with a global recession. In the end the strong survive and the weak will fail. You are sharp as the car you drive if you think we should be bailing out these auto makers. Wake up Scarlet and stop writing these letters!
February 17, 2009 at 8:19 PM #348829socratttParticipant[quote=Scarlet]SOCRATT, Thanks for jumping into the kiddie pool.
Toyota and Honda are really hurting right now, or haven’t you heard? You might want to take your ear off the corporate lemming phone. Did toyota, honda , nissan and mazda fail to understand the market?
Guess what? That Aztek is an absolutely awesome vehicle. Now I know in third grade something that is funny looking is to be ridiculed but you know not of what you speak concerning that vehicle. How do i know? The Aztek is the sister SUV to my Buick. Crawl around and under one next time you see one. Beauty is skin deep and I think even the most Japanese of Japan fans will appreciate the mechanicle wonder of the vehicle.
The pinto was and easy target, I’ll give you that one.
Old Raleighs are better than old Peugots and newer versions of both makes suck.[/quote]
Scarlet are you married to Breeze (sorry Breeze I actually dig the last couple of your posts)? You defend every post as if you have any clue. If you truly are driving the sister vehicle to the Aztek that would seem to answer most of my questions about you. Don’t continue to embarrass yourself with all the replies to these posters simply because you have a Buick that somehow made it past 70K miles.
You are as ignorant as those you speak of in these posts with the small tidbits of understanding you have of these car manufacturers. You are the typical, buy American because we are in America. Sorry, but I wouldn’t buy American if you paid me to. Your thoughtless comment on Honda and Toyota again answer my questions about you. Did you know we are in a global recession? Has Toyota or Honda asked for a government bailout? Of course they are hurting, so are you and your neighbor. Everyone hurts with a global recession. In the end the strong survive and the weak will fail. You are sharp as the car you drive if you think we should be bailing out these auto makers. Wake up Scarlet and stop writing these letters!
February 17, 2009 at 8:19 PM #348949socratttParticipant[quote=Scarlet]SOCRATT, Thanks for jumping into the kiddie pool.
Toyota and Honda are really hurting right now, or haven’t you heard? You might want to take your ear off the corporate lemming phone. Did toyota, honda , nissan and mazda fail to understand the market?
Guess what? That Aztek is an absolutely awesome vehicle. Now I know in third grade something that is funny looking is to be ridiculed but you know not of what you speak concerning that vehicle. How do i know? The Aztek is the sister SUV to my Buick. Crawl around and under one next time you see one. Beauty is skin deep and I think even the most Japanese of Japan fans will appreciate the mechanicle wonder of the vehicle.
The pinto was and easy target, I’ll give you that one.
Old Raleighs are better than old Peugots and newer versions of both makes suck.[/quote]
Scarlet are you married to Breeze (sorry Breeze I actually dig the last couple of your posts)? You defend every post as if you have any clue. If you truly are driving the sister vehicle to the Aztek that would seem to answer most of my questions about you. Don’t continue to embarrass yourself with all the replies to these posters simply because you have a Buick that somehow made it past 70K miles.
You are as ignorant as those you speak of in these posts with the small tidbits of understanding you have of these car manufacturers. You are the typical, buy American because we are in America. Sorry, but I wouldn’t buy American if you paid me to. Your thoughtless comment on Honda and Toyota again answer my questions about you. Did you know we are in a global recession? Has Toyota or Honda asked for a government bailout? Of course they are hurting, so are you and your neighbor. Everyone hurts with a global recession. In the end the strong survive and the weak will fail. You are sharp as the car you drive if you think we should be bailing out these auto makers. Wake up Scarlet and stop writing these letters!
February 17, 2009 at 8:19 PM #348981socratttParticipant[quote=Scarlet]SOCRATT, Thanks for jumping into the kiddie pool.
Toyota and Honda are really hurting right now, or haven’t you heard? You might want to take your ear off the corporate lemming phone. Did toyota, honda , nissan and mazda fail to understand the market?
Guess what? That Aztek is an absolutely awesome vehicle. Now I know in third grade something that is funny looking is to be ridiculed but you know not of what you speak concerning that vehicle. How do i know? The Aztek is the sister SUV to my Buick. Crawl around and under one next time you see one. Beauty is skin deep and I think even the most Japanese of Japan fans will appreciate the mechanicle wonder of the vehicle.
The pinto was and easy target, I’ll give you that one.
Old Raleighs are better than old Peugots and newer versions of both makes suck.[/quote]
Scarlet are you married to Breeze (sorry Breeze I actually dig the last couple of your posts)? You defend every post as if you have any clue. If you truly are driving the sister vehicle to the Aztek that would seem to answer most of my questions about you. Don’t continue to embarrass yourself with all the replies to these posters simply because you have a Buick that somehow made it past 70K miles.
You are as ignorant as those you speak of in these posts with the small tidbits of understanding you have of these car manufacturers. You are the typical, buy American because we are in America. Sorry, but I wouldn’t buy American if you paid me to. Your thoughtless comment on Honda and Toyota again answer my questions about you. Did you know we are in a global recession? Has Toyota or Honda asked for a government bailout? Of course they are hurting, so are you and your neighbor. Everyone hurts with a global recession. In the end the strong survive and the weak will fail. You are sharp as the car you drive if you think we should be bailing out these auto makers. Wake up Scarlet and stop writing these letters!
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