GM cars about to be even more piles of ----
02-12-2008, 09:19 PM
#11
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Re: GM cars about to be even more piles of ----
Originally Posted by TunerToys
I believe that if they haven't already, Toyota will be shortly overtaking GM on this one.
02-12-2008, 09:22 PM
#12
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Re: GM cars about to be even more piles of ----
Correct. Just because a company is reporting losses doesn't really mean they're selling less units. It could mean they are grossly overpaying their nog workers (like here most likely).
02-12-2008, 09:36 PM
#13
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Re: GM cars about to be even more piles of ----
"G.M. is expected to replace most of the workers who leave its parts warehouses with new hires. Its labor agreement with the U.A.W., which was ratified in October after a two-day nationwide strike, creates a second-tier wage rate of as little as $14 an hour for new workers in jobs classified as noncore. Current workers are paid twice that amount, which, including benefits, costs G.M. about $45 an hour more than those at the lower wage tier."
GM outsold toyota by 3000 vehicles, although i just rea an article that said every chevy cobalt they sell at a loss of 2-3,000 and they have 118 billion in healthcare obligations for all their retiree's, so yea they are doomed.
GM outsold toyota by 3000 vehicles, although i just rea an article that said every chevy cobalt they sell at a loss of 2-3,000 and they have 118 billion in healthcare obligations for all their retiree's, so yea they are doomed.
02-12-2008, 09:37 PM
#14
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Re: GM cars about to be even more piles of ----
Originally Posted by buk9tp
did you even read up on it? no ofcourse not
theyre buying out the overpaid union ******* to replace em with people who get paid half of what they make.
doesnt mean they will be putting unqualified workers. doesnt mean they will do it all at once
guess which car company outsold all other car companies
thats right
gm
theyre buying out the overpaid union ******* to replace em with people who get paid half of what they make.
doesnt mean they will be putting unqualified workers. doesnt mean they will do it all at once
guess which car company outsold all other car companies
thats right
gm
you think the people they hire in place are going to work hard for 12-14hr WITHOUT chance of making much more? negative. as a matter of fact GM is probably banking on john mccain getting elected next year and allowing all the immigrants hes going to give citizenship to, to build thier cars for 8/hr.
02-12-2008, 09:39 PM
#15
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Re: GM cars about to be even more piles of ----
Originally Posted by signorelli21
"G.M. is expected to replace most of the workers who leave its parts warehouses with new hires. Its labor agreement with the U.A.W., which was ratified in October after a two-day nationwide strike, creates a second-tier wage rate of as little as $14 an hour for new workers in jobs classified as noncore. Current workers are paid twice that amount, which, including benefits, costs G.M. about $45 an hour more than those at the lower wage tier."
GM outsold toyota by 3000 vehicles, although i just rea an article that said every chevy cobalt they sell at a loss of 2-3,000 and they have 118 billion in healthcare obligations for all their retiree's, so yea they are doomed.
GM outsold toyota by 3000 vehicles, although i just rea an article that said every chevy cobalt they sell at a loss of 2-3,000 and they have 118 billion in healthcare obligations for all their retiree's, so yea they are doomed.
02-12-2008, 09:42 PM
#16
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Re: GM cars about to be even more piles of ----
Originally Posted by CoreyR
yes i read up ***. taking higher paid, experienced workers out and replacing them with people who get paid half as much. sorry but i work about as hard as my pay requires me to. pay me ---- get minimum effort from me, pay me well and i give all my effort.
you think the people they hire in place are going to work hard for 12-14hr WITHOUT chance of making much more? negative. as a matter of fact GM is probably banking on john mccain getting elected next year and allowing all the immigrants hes going to give citizenship to, to build thier cars for 8/hr.
you think the people they hire in place are going to work hard for 12-14hr WITHOUT chance of making much more? negative. as a matter of fact GM is probably banking on john mccain getting elected next year and allowing all the immigrants hes going to give citizenship to, to build thier cars for 8/hr.
my brother and cousin worked for one of those chrysler things where they put bolts into cars and ---- and they got paid 8 bucks an hour doing that same work that chrysler paid ither people 16 and 32 bucks an hour, for just putting bolts in..
workers STILL had a quota to meet and if they didnt meet it they got fired
theres quality control that make sure everything is done right
its not some chinamen country
the way i see it is if its between rotatating the workers every 10-15 years to get ones that cost less or sending jobs to china where we get no jobs and the chinamen does the same job for 1/10th the ------- pay then were better off sending in fresh workers
02-12-2008, 09:55 PM
#17
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Re: GM cars about to be even more piles of ----
Originally Posted by TorganFM
It's most likely only the SS Cobalts they lose on. No company would design a flagship entry vehicle as a replacement to the successful Cavalier that drains money from them.
Although GM workers are good, they are also very expensive; and that has put the company at a disadvantage.
Under their union contract, GM assembly workers make about $2 more per hour than Toyota's workers do.
And health care — especially for retirees — is staggering. For instance, GM spends more than $1,600 in health care per vehicle in North America while Toyota, with few retirees in the U.S., spends under $300 per vehicle.
GM can't pass health care costs onto customers, so it sells some cars at a big loss.
Sean McAlinden , an analyst with the Center for Automotive Research in Ann Arbor, Mich., said: "They haven't made money on the passenger car since the mid 1980s."
Take the Chevy Cobalt, a compact vehicle. While it's priced at $20,000 to $21,000 with a full compliment of options, it has been mostly selling at $13,000 to $14,000.
"They're losing $2,000 to $3,000 a vehicle," McAlinden said.
Under their union contract, GM assembly workers make about $2 more per hour than Toyota's workers do.
And health care — especially for retirees — is staggering. For instance, GM spends more than $1,600 in health care per vehicle in North America while Toyota, with few retirees in the U.S., spends under $300 per vehicle.
GM can't pass health care costs onto customers, so it sells some cars at a big loss.
Sean McAlinden , an analyst with the Center for Automotive Research in Ann Arbor, Mich., said: "They haven't made money on the passenger car since the mid 1980s."
Take the Chevy Cobalt, a compact vehicle. While it's priced at $20,000 to $21,000 with a full compliment of options, it has been mostly selling at $13,000 to $14,000.
"They're losing $2,000 to $3,000 a vehicle," McAlinden said.
02-12-2008, 10:02 PM
#18
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Re: GM cars about to be even more piles of ----
Maybe they're losing $3k off what they would normally be making. But they are certainly not losing actual money selling cars. They're just not losing when it comes to the amount, if that makes sense.
02-12-2008, 10:24 PM
#20
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Re: GM cars about to be even more piles of ----
Originally Posted by CoreyR
dave i cant do that, its sacreligous...or something 
someone local is selling a clean fox for 2K obo ive been thinking about. twin turbo stock block 450ish hp?
someone local is selling a clean fox for 2K obo ive been thinking about. twin turbo stock block 450ish hp?
