MoneyTV-Do We Let GM Go Bankrupt?

MoneyTV Anchor Don Baillargeon discusses the pros and cons of a General Motors bankruptcy filing.

Category:

News & Politics

Tags:

• GM
• General
• Motors
• Money
• MoneyTV
• Don
• Baillargeon

[jakesdoc]

@AJstar9 I did not comment on Ford. Read my comment again. Also, there is no need to use all caps. We can have an intelligent debate without getting angry or "yelling" can't we? ...even if you disagree...

[AJstar9]

@jakesdoc DONT KNOW WHAT YOUR TALKING ABOUT AT FORD STARTING PAY IS $14.00 A HOUR. WHEN I STARTED IT WAS $18.00 GOT A $1.00 RAISE EVERY 6 MONTHS TOOK 3 YEARS TO TOP OUT.YOU DONT KNOW WHAT YOUR TALKING ABOUT.YOUR BASEING SHIT ON A LIE

[SBha30]

@AJstar9 You make assumptions after assumptions... Yes, I have been in plenty of UAW shops both for the main assembly ops as well as tier 1 and 2 global suppliers.There are plenty of slugs who are the cause of the majority of the problems.These are the people who hide behind the protection of their local union stewarts.I think Alan and Bill's strategy at Ford with the single global platform is definitely the right path. This will pose a huge challenge for the UAW. U know why?

[jakesdoc]

@AJstar9 The UAW is a huge part of the problem. For ex., currently, GM workers START at $29+ per hour. There is NO reason to start this kind of job at that those wage rates. It is difficult to stay competitive when foreign worker's starting salaries are less than half that. Also, the UAW makes it almost impossible to get rid of crappy employees that do poor to mediocre work, and, when they DO get fired, they are compensated greatly. It's as if they are rewarding stupidity and laziness.

[AJstar9]

@SBha30 think ford will be ok they have made over 5 billion in profit so far this year and its been like the 2nd worst year in car sells last year was the worst.if they can profit and gain market share in bad times .they are going to fly when the market turns around.......

[AJstar9]

@SBha30 you still have said anything about those companys being union.

[AJstar9]

@SBha30 i can tell you havnt been in a uaw ford plant we dont run counter are plant can run up to 6 cars its very flexibillty.and or labor is only 8% of cost of car.i like how someone who knows nothing about are union can speak like they know every thing because they watch glenn beck

[AJstar9]

@SBha30 i think global and we have cut costs we are saving over 500 million a year.but i know we are not taking a pay cut.just because china works for $150 A MONTH we not going to.india is a few year away they cant pass test to get in usa.ford has been here over a 100 years we are ready for a 100 more.the ranking changed alot when toyota started tanking after recalls

[SBha30]

@AJstar9 You need to think from a global mindset. The 2009 rankings won't change much in 2010. You also didn't understand my original post. Unions', particularly the UAW, ideals run counter to the natural trends that are taking place. The US manufacturers are global to face stiff competition from not only Korea, but also China and India. This means that they will have to cut costs. Labor is one component, but flexibility is the other. The UAW runs counter to both. Use logic not emotions.

[AJstar9]

@SBha30 by the way toyota workers made more than uaw works last year.so i guess union labor isnt higher. but toyotas recalls and lawsuits and fines was pretty high