G.M.Now I understand

[RLJ676]

The one you rode in should be cheap since i am sure they haven paid the suppliers for the parts that built it (they are out 4 to 6 months)

There real cost is around 30 bucks (Gas in the tank)

NEGOTIATE NEGOTIATE NEGOTIATE

Where the hell do people come up with this?

Hell, it's been national news they were paid the 28th for parts used in April, as the terms are 60 days as they have been forever. Suppliers are getting paid.


For the Camaro interior, I don't love all the styling of it, but compare it to any other sub-30K car and the materials and quality are right there. If you claim otherwise you haven't been in other cars in this range recently. Difference is none of those 30K cars have 426 HP and look like that on the outside. I go to the car show and go car to car comparing interiors (it's part of my job actually), and the domestics (well Ford/GM) are continually improving while the japs are constantly cheapening to cut costs. Perception is everything though, so it's a long battle uphill before people open their eyes.

 

[boatme]

I Was part of the the business Mr purchasing agent. I saw it first hand and some parts are out farther ususaly the little guy that has no leverage with tools and such

I watched the Big three strong arm suppliers for many many years

Pretending it isnt happening dosent make it true

PS the $30 thing was a joke

 

[Expensive Date]

I like the new Camaro I have always except for the Titan always owned GM and will continue as long as the deals are there.My wife likes her Escalades I always lease her stuff but I can't do that any more.Don't know if I will pay 80 k for a fancy Suburban next year when her lease is up might look at the Lexus LX

 

[RLJ676]

I Was part of the the business Mr purchasing agent. I saw it first hand and some parts are out farther ususaly the little guy that has no leverage with tools and such

I watched the Big three strong arm suppliers for many many years

Pretending it isnt happening dosent make it true

PS the $30 thing was a joke

Although **** happens and people don't always get paid on time, it is the exception by far. If a supplier is frequently not getting paid....I'm sure none of it's their fault if everyone else is.

My point is that despite all the crap happening right now, the production suppliers are getting paid, on time and in full. Actually, if they chose to go into the UST program they could get paid in full on delivery for a cost, rather than wait according to the terms they've agreed to.

I know the supplier side only see's the OEM's as the big bad bullies, but you have to remember basically every supplier is out to bend you over when you're not looking, and they know their business better than anyone and how to hose you. Basically, it works both ways.

I knew the $30 was a joke, they're at least worth $300.:sifone:

 

[DollaBill]

You beat me to it:rofl:

me three lol

 

[boatme]

I like the new Camaro I have always except for the Titan always owned GM and will continue as long as the deals are there.My wife likes her Escalades I always lease her stuff but I can't do that any more.Don't know if I will pay 80 k for a fancy Suburban next year when her lease is up might look at the Lexus LX

I owned all GM until Lopez showed up after seeing how he was treating suppliers (later all of big three took his lead) thn i went into what i call my Mid Life Chrysler

always had ford trucks

 

[dencam7]

I think the Camero is BAD ASS !! I have a 2000 Ram Air Trans Amm i drive ever day and hope to be driving a Camero!!!

 

[BBB725]

Where the hell do people come up with this?

Hell, it's been national news they were paid the 28th for parts used in April, as the terms are 60 days as they have been forever. Suppliers are getting paid.

Want to bet?

 

[RLJ676]

Want to bet?

I'm speaking in generalities, for direct suppliers, so yeah. MNS2 is the standard, so 62 days if you'd like.

 

[buck]

I think the Camero is BAD ASS !! I have a 2000 Ram Air Trans Amm i drive ever day and hope to be driving a Camero!!!

If you think those are cool you should check out the new "Camaro" Chevrolet just released. Sorry, couldn't resist.

I like the car more than I dislike the car. I'm going to remain apprehensive until I see what levels they release this thing in. I don't think they're going to see a huge market share until they offer some engine packages that compete with the many options Ford has with the Mustang. When they start releasing 500+HP cars from specialty builders like Ford they will win people over....or should I say back?

Buck

 

[phragle]

does hummer build the real hummers?? imagine the us military's main vehicle, built by the chinese......

 

[phragle]

well at least it's not a rebadged citation/cavalier/cobalt.. it's a gm, trim molding will fall off, the headliner will droop, the power window switches will stop working, the valance panel will discolor and the vents on the top of the dash will warp.

 

[2112]

I am a die hard Ford man and have a GT500 now. I would love to put an SS Camaro in the stable right next to it. The only thing I would change is putting on wider rubber. I think they did a great job on design. I hope the fit and finish is as great as my Shelby because it is well screwed together. I can't imagine GM not doing the same. :driving:

 

[Ratickle]

does hummer build the real hummers?? imagine the us military's main vehicle, built by the chinese......

Nope. That's AM General and their engine division. There's a GM plant in Shreveport that builds the GM Hummer. GM bought the rights to build the copy and market the brand from AM General.

 

[BBB725]

I'm speaking in generalities, for direct suppliers, so yeah. MNS2 is the standard, so 62 days if you'd like.

TTAC Got It Wrong: GM Suppliers Wait 90 Days Plus for Payment

By Robert Farago
October 11, 2008

After our story on GM’s letter to its non-core suppliers changing payment terms to 60 days, I received a flurry of emails that asked, in effect, are you out of your ****ing mind? For example, “I do not know of anyone in the Supplier, Engineering, Consultancy or Technical world who has EVER been paid by GM in anything less than 90 days.” And “a friend that owns a Tier Two company has to be a real pain in the ass to GM Purchasing to get paid anywhere near 90 days. They told him once on the phone‘We pay everybody 180 days payable…that’s our policy, what makes you so special that you think you should be paid in less than 90 days?’”(Interestingly, when he stopped shipping Just-in-Time parts to GM, they overnighted him a check.) In general, we’ve learned that The General’s suppliers generally get paid in 60 to 90 days. And “Even 60 days is not so bad from an OEM.” TTAC apologizes for any misconception created by our earier report.

 

[RLJ676]

TTAC Got It Wrong: GM Suppliers Wait 90 Days Plus for Payment

By Robert Farago
October 11, 2008

After our story on GM’s letter to its non-core suppliers changing payment terms to 60 days, I received a flurry of emails that asked, in effect, are you out of your ****ing mind? For example, “I do not know of anyone in the Supplier, Engineering, Consultancy or Technical world who has EVER been paid by GM in anything less than 90 days.” And “a friend that owns a Tier Two company has to be a real pain in the ass to GM Purchasing to get paid anywhere near 90 days. They told him once on the phone‘We pay everybody 180 days payable…that’s our policy, what makes you so special that you think you should be paid in less than 90 days?’”(Interestingly, when he stopped shipping Just-in-Time parts to GM, they overnighted him a check.) In general, we’ve learned that The General’s suppliers generally get paid in 60 to 90 days. And “Even 60 days is not so bad from an OEM.” TTAC apologizes for any misconception created by our earier report.

Yes, TTAC got that wrong. That ******* Farago doesn't know **** about the auto industry, and is a waste of bandwidth. He's been hoping for the Big 3 to fail for years now. I wouldn't trust a single word out of his mouth. All the car sites I visit joke about that clown's loudmouthed opinion on everything. Basically it's like a journalism school dropout publishing business analysis like it's gospel.

For the record, I work IN PURCHASING at GM, so I know a little more about it than that jerkoff. The standard terms and conditions are 60 days (there are of course other agreements, as their are thousands of suppliers and different situations). I would take every single thing on that website with a giant grain of salt. To say he has an agenda against domestics would be an understatement.:ack2:

 

[boatme]

Yes, TTAC got that wrong. That ******* Farago doesn't know **** about the auto industry, and is a waste of bandwidth. He's been hoping for the Big 3 to fail for years now. I wouldn't trust a single word out of his mouth. All the car sites I visit joke about that clown's loudmouthed opinion on everything. Basically it's like a journalism school dropout publishing business analysis like it's gospel.

For the record, I work IN PURCHASING at GM, so I know a little more about it than that jerkoff. The standard terms and conditions are 60 days (there are of course other agreements, as their are thousands of suppliers and different situations). I would take every single thing on that website with a giant grain of salt. To say he has an agenda against domestics would be an understatement.:ack2:

For the record

I spent 20 years selling manufactured parts to the auto industry (Including selling parts to Purchasing at GM) I often spent my time at in purchasing offices begging and pleading to get paid for parts that we had produced many months before (LONG AFTER 90 Days)
I know as much, if not more, than RLJ676 in this arena. He is only referencing his one division. I am not sure I believe it isn’t happening with him, but I have to take his word for it with the accounts he handles I have no proof otherwise but seems interesting to me

I worked with all of the big three and many Tier one and two companies

RLJ676 you may or may not be correct regarding the little part of the pie that you work on in GM
But take it from someone that worked with MANY buyers, engineers, ect... The auto industry has been slipping the pay terms further and further out for years and many have gone farther than 120 days

I was paid by the companies I sold for once the company was paid by the customer (I have always been on straight commission) so you can bet your butt I knew when my principles were not paid. It meant I was not paid
I would have to spend way to much of my time chasing payables that could have been better spent working on new programs and maintaining the work we were doing

Spin it any way you want, but it was that way in the entire industry and continues to be that way today

I have been out of the business for a few years now, but I talk to my old partner who is still a sales rep for a handful of companies to the auto industry (talked to him today) He said he was on his way to a meeting tomorrow in Detroit to get try to get paid on parts that are more than 120 past due

 

[BBB725]

For the record, I work IN PURCHASING at GM, so I know a little more about it than that jerkoff. The standard terms and conditions are 60 days (there are of course other agreements, as their are thousands of suppliers and different situations). I would take every single thing on that website with a giant grain of salt. To say he has an agenda against domestics would be an understatement.:ack2:

For the record, I sell to automotive and can tell you my term are called 75ultima, I think, currently at home but can look it up. It states a bunch of lawyer speak, but says if the invoice is in by the 1st or the 15th it will be payed by the first week of the month after 60 days have past, so the soonest I get payed is 75 days and the latest being around 90. I deal with both ends of the transaction and see the invoice date and payment date.

 

[RLJ676]

For the record

I spent 20 years selling manufactured parts to the auto industry (Including selling parts to Purchasing at GM) I often spent my time at in purchasing offices begging and pleading to get paid for parts that we had produced many months before (LONG AFTER 90 Days)
I know as much, if not more, than RLJ676 in this arena. He is only referencing his one division. I am not sure I believe it isn’t happening with him, but I have to take his word for it with the accounts he handles I have no proof otherwise but seems interesting to me

I worked with all of the big three and many Tier one and two companies

RLJ676 you may or may not be correct regarding the little part of the pie that you work on in GM
But take it from someone that worked with MANY buyers, engineers, ect... The auto industry has been slipping the pay terms further and further out for years and many have gone farther than 120 days

I was paid by the companies I sold for once the company was paid by the customer (I have always been on straight commission) so you can bet your butt I knew when my principles were not paid. It meant I was not paid
I would have to spend way to much of my time chasing payables that could have been better spent working on new programs and maintaining the work we were doing

Spin it any way you want, but it was that way in the entire industry and continues to be that way today

I have been out of the business for a few years now, but I talk to my old partner who is still a sales rep for a handful of companies to the auto industry (talked to him today) He said he was on his way to a meeting tomorrow in Detroit to get try to get paid on parts that are more than 120 past due

I am talking about GM paying it's suppliers. Tier II's (III's, etc) could be much further down stream. However they get paid is up to the Tier I, not GM. If they deliver 30 days ahead of use, and the tier I pays them when they get paid by GM.....then they get paid 90 days. That is not GM's policy, it's the tier I/II's contract. I know for a fact the standard term and conditions (like I've stated there are outliers, but it's very few) . Things could have been different in the past, but I am here right now listening to the guidelines for ALL of direct purchasing, not just my "little area".

It amazes me how everyone is an expert on my job?

 

[BBB725]

I am talking about GM paying it's suppliers. Tier II's (III's, etc) could be much further down stream. However they get paid is up to the Tier I, not GM. If they deliver 30 days ahead of use, and the tier I pays them when they get paid by GM.....then they get paid 90 days. That is not GM's policy, it's the tier I/II's contract. I know for a fact the standard term and conditions (like I've stated there are outliers, but it's very few) . Things could have been different in the past, but I am here right now listening to the guidelines for ALL of direct purchasing, not just my "little area".

It amazes me how everyone is an expert on my job?

I never said I was an expert at your job, I run a small business and I know when I invoice and when I get payed and it's NOT 60 days.