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GM news...Wagoner outed
- Thread starter phragle
- Start date
Blue Oval
Well-known member
Thats right,keep under the radar,thats how I work!
Magic Medicine
New member
Just wait untill the healthcare plan is forced down our throats and you're doing fillings for $12/hour!!!!!!
:26::sifone::biggrinjester:
Don't know too many who will spend 10 plus years and 200k to make 12 per hour.
Obama = communist
Magic Medicine
New member
Man makes me nervous. Came up too fast and owes too many people
one word Chicago
cuda
Banned
More precisly, Obama=socialism.
Communism is just socialism at the point of a gun.
Magic Medicine
New member
Your correct ole wise one:sifone:
Bobcat
Founding Member
Just wait untill the healthcare plan is forced down our throats and you're doing fillings for $12/hour!!!!!!
s h it tracy, you are getting a pay raise:26::26::26:
MattBMiller
New member
:ack2:
MattBMiller
New member
Wrinkleface
Founding Member
:banghead:
My guess it it went like this. The guy wanted to resign anyhow, so he called up Obama and said I have had enough we are going to need a new guy. Obama thinks in his mind this is a great oportunity for me to look like I am hard on CEO's and asks if he can come off as firing this guy. I hope it back fires on him just like the AIG bonus issue has.
fund razor
Founding Member
He was there for 31 years, and most of those were under the old capitalist system. He probably didn't feel like being retrained.
Playn
New member
Well when a company comes to the US taxpayer panhandling you have to expect that there will be conditions for that money (as there should be) ...however in my opinion they (congress) are just beating up the auto industry to "look good". It is grandstanding and opportunistic so they can show that they are "good stewards" of the peoples money and take focus off their reckless spending, pork packages, and AIG fiasco. I'd bet that congressmen on a whole don't own too much stock in any of the "big 3" so they are a good target, but I'm not sure I'd make the same statement about their personal interest in the troubled financial institutions.
Magic Medicine
New member
That would be the minority here:26:
Ratickle
Founding Member / Super Moderator
Well, here goes.
I do not believe GM and Chrysler can survive under the terms of their current structuring of contracts.
The average GM car costs $1400 more than a similar import, (assembled in the USA), in direct wage and employee benefits and an additional $2000 more than the same import, (assembled in the USA), in retiree benefits and pensions. And interestingly, the average Toyota worker in the USA makes more per hour than the average GM employee.
If these two issues are not corrected, the company will be gone sooner or later. I personally do not want any more of my tax dollars used to bail out companies who are poorly managed so, in that context, Wagner should have been gone a long time ago. File chapter 11, keep running under the courts oversight, restructure with a good business plan, and get on with it. You can't continue to lose $ on every car sold.
A strong, worldwide leader will result in the long run.
And AIG should have gone bye bye and only the depositers protected to $? on the dollar.
End.
phragle
Charter Member
cntracts my eye... the key to being a successfull car company is designing, building and selling a car that people actually want to buy, I know people who have not gotten rebates or -3% financing, no employee ricing but have actually paid thousand OVER sticker to get a car they wanted. so gm..please design a car that doesnt look like it was concieved by george lucas on acid, and doesnt rattle, shake and fall apart.
GM sold more cars than ANY other car manufacturer for the past 10 years or so. Their profit margin is pooched due to employee costs of 70 plus dollars as opposed to 40 something dollars to US employees of BMW, Toyota, etc.
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