Goes on to say elimnate second Tier say goodnight. Also that most cars now made in US buy foriegn car makers are made with non union labor and enjoy a cost advantage.
But we know from MO, Questionater, Flying that labor costs do not matter for profit.
Mo blocked you LOL. Never once did he refute what you posted about him being wrong forever.
He did make one of his rambling nonsensical posts .
ONE MORE POINT MADE BY THE FAMOUS RAY CROC look him up as I am sure you do not have a clue who or he is or what he did . Paraphased
There are a lot of unemployed geniuses in the world .
And by me
There are a lot of people who won spelling bees working at Mc Donalds.
Proof readers are some of the lowest paid people in the industry .
Me thinks Jhnharleyn is one of them !
I agree with you ! I tend to do 11 things at once part of the issue with having ADHD.
You have made me feel so bad I think I will return my Degrees .
I also feel bad that I am earning 100.00 and hour plus while I am playing here .
So as I have often told people who have made fun of spelling and grammar , I have the abilty to pay someone like you 10 bucks and hour to review what I write.
When your ready to post YOUR REAL NAME HERE and phone number we can talk. If you earn more than me , made more than me in the mkt this year or have a higher level of education I will buy the steak dinner with all the trimmings at your choice if not you buy me dinner at Capitial Grill. do YOU AGREE ?
I WILL HELP you so you can even know if you win
realized profit this year in mkt 25k exculding dividend should we count that
Bachleor Science and Masters
W2 135K PLUS MANY BENI
PLEASE CALL WITH AND UNRESTRICTED NUMBER SO WE CAN SET UP THE MEETING I CANNOT WAIT TO MEET SOMEONE HAS SUCCESSFUL AS YOU CAUSE I CAN ALWAYS LEARN SOMETHING.
248 979 8868 UNAVAILABLE TONIGHT FROM 7 TO 9 OTHER THEN THAT CANNOT WAIT
Maybe to the US ???????????? Where did I say I know more than Fields ?
You STATE -. Small cars are sold to meet CAFE requirements and make very little but are sold to allow for more sales of trucks and SUV's.
That may be true for FORD due to high labor costs. But it is not true for Toyota, Honda, Kia . They do not sell a lot of trucks . YET ! That day is coming.
Thanks for making my point, you cannot continue not making money on your full product line .
What happens if the Middle East explodes [like that cannot happen watch the news yesterday about Saudi ?] Gas goes to 5 bucks again . So trucks slow down in sales then what ?
I coud care less about REPORTS about reliabilty . Ever read Consumer Reports for the last 20 years on who they think builds reliable cars , it is not GM, F, C.
I care about profit and sales. Check out Lincoln sales over the past 7 years .
Also perception is everything ask anyone from poor to rich guy if they think MERCEDES has great reliabilty .
Should have waited until today to buy the GM . Always in to early out to early . I could have bought and sold today . Or held. It hit a nice bottom.
If he is off shoring for import to the USA , then investors do not wonder what the plan is , we get it . To bring labor costs in line so we can make a profit on a car .
You will see the exodus of manufactoring once the new contract is in effect for about 2 years. Ford thought UAW had learned something from what happened they did not. You simpoly cannot build cars with a 200.00 profit margin. You cannot survive when you have one product the Truck making by some estimates 90% of your profit.
I totally get that you really do not care about the price of the stock or the COMPANY being profitable.
But stop the utter UAW nonsense. You do not need to build cars in the USA. I guess the luxury car mkt owned by AUdi, BMW, Mercedes never got your message. Cadilliac is struggling, there is still the mumur that Ford should throw in the towel with Lincoln before it costs them more $$$$.
Once everything is off shored after this contract begins the destruction , and again I said it is going to take the cycle of 2 contracts, the normal auto cycle of cars sold reaching a saturation point , and USA down normal economic down cyle and then boom it is over. BY THE WAY the only profitable vehicle built by FOrd for the most part is the truck . With razor thin margins on most of their product estimated to be as low as 200.00 for some cars this new contract will probably turn them into loss leaders.
does not sound like the raving lunitic MO who has been discredited so many times over the years here ,I am surprized he still shows up. At times you can have a rational discussion with 2 of these 3 not MO of course.
I do understand where Questionater comes from , he is going to atempt to rationalize against any cut to his pay as anyone would.
I just wish the UAW would realize one day they will not have jobs in the auto industry . Just like steel, chemical and everything else.
This proposel by GM, F makes sense. Placate the old guys. Leave the second Tier guys where there at
Start a third Tier for the future.
The UAW sees it has losing $$$$$$$ in their coffers. Reality is you will always need a Union for other issues besides wages.
AGAIN IT IS PRETTY SIMPLKE THERE IS NO WAY THE AUTO industry can survive in America paying what they are , short of and import ban . The wages rose when there were four companies , the captive audiance is gone. I even shopped a foriegn car. It took me all my breath to talk my brother out of buying a BMW and a friend out of a Toyota . We were all raised to buy American. In the end their next leases or purchases I am sure in two years will be non USA . I managed with getting them friends /family discounts , big deals at dealership on close out 2014 Edge and Caddy deals. And thats why GM ,F needs pricing power without the deals and it was still hard they would have crossed over.
Your comment is like saying it rained. For months now there has been concern over the UAW stance . Posturing started 6 months ago. But many thought it was just that . In recent months though it has been becoming more apparent that the UAW has learned nothing from the bankrupcy .
What was feared also that the little 3 would return to caving into the,
The recent announcment of a new much needed Tier was welcome news .
GM had been falling prior today on rumors of a UAW hard line bargining stance.
THIS is all following the very pattern I laid out over the last 3 years.
New contract would lead to soaring labor costs, record car sales would slow which is a normal cycle, economy will crash again normal cycle and boom this time , no bail out. This will play out over next ten to 15 years.
of going against the tape. A substained run to the 20s is going to take a lot of good news ie , sales numbers, profit.
This against the looming nightmare of the UAW contract . And eventually slowing car sales .
And I recieved a 1 % raise twice in the last 5 years because of the bailout of GM and yes Ford took a boatload of money from the Fed also. Tell me why should a company that went bankrupt and got bailed out [GM ] give their workers a raise ???????????? OK, Ford didn’t file bankruptcy or get bailed out by Uncle Sam, but didn’t it receive $5.9 billion in low-cost government loans in 2009 to overhaul its factories and bring out more fuel-efficient technology? What would have happened to Ford if Congress hadn’t authorized taxpayer money to fund that $25 billion Energy Department program during a moment of crisis for the industry?
It’s hard to say, of course, but the fact is, with the aid of that taxpayer loan and a well-timed bank loan of $23 billion, Ford managed to tiptoe past the graveyard and avoid bankruptcy. Since then, it has run its business well and reduced its debt from $33.6 billion to $12.2 billion.
YEA SO WHY SHOULD YOU GET A RAISE WHEN I BAILED YOU OUT ?
Yes I am a Federal worker , proud Union member .
Made quite a few moves with GM today . We shall see. Media claiming reaction to UAW speech hurt all the autos. In a way I would not mind a 300 point downturn Thursday would make a 401 move, missed out a few times this year. I can move into the stock plan before 12 noon I get close of that day . So it is a bit of a #$%$ shoot. If it happens and I get a run back of 600 to 800 points I might just call it a day for the year and stay in what is called the G funds.
last 3 years showing he has been wrong for 1095 days . AMAZING . He answered with a rambling nonsensical post calling BIG K , Homer. Questionater answered as usual with I put him on ignore.
FACTS NEVER GET IN THE WAY of these TWO.
The reason is they will institute a large raise for UAW contract workers. This in turn will increase profit , as labor contributes little to the cost of a car. Strangly enough it looks like Ford and GM finally get it and may be moving all manufactoring to Mexico down the line.
This is just a joke for MO, Questionater and Flying not the part of off shoring cause I really think after the UAW sticks it to them , there going to move.
General Motors (GM - Get Report) shares are falling, down 0.8% to $37.55 in afternoon trading on Wednesday, after the United Auto Workers union's president rejected a lower wage tier proposal that was
reportedly on the way from GM and the country's other large domestic car companies, Ford (F) and Fiat Chrysler (FCAU).
WE ARE IN FOR a big problem in the end Ford will cave , auto sales will not stay this high forever.
Watch out below. Our only hope is production in MX . The UAW learned nothing from the bankrupcy of GM , which is why the bailout should never have happened. The question is did F, GM lean anything ?
What they should do is propose a salary 40 hours a week
Tier 1 1 st year 25k health ins 3700 family dental a cost
Tier 2 2 nd year 35
Tier 3 3 year 40
Tier 4 4 45 1 k raise for next 10 year s
Tier 5 57 k for life
No pension Every 5 years a one time bonus based on the average net profit of last 5 years
This is a very fair plan and comparable to real world wages. Many people with far more difficult jobs work for less. There is no problem filling these jobs either.
PS look at two of the recent responses. Also Flying, Questionater and MO have argued for years that labor costs do not matter.
It is a pointless argument . Not to mention comapnies do not exsit to make money for their employees . They exsit to make money for the owners. Which technically are the stock holders.
NOBODY ever stopped a GM worker who started at 21 from living frugally , getting married with a second wage earner, and placing half his/her check into the stock every paycheck.
Of course they would now have lost everything through the bankrupcy. Most empolyees do not own the stock hence they care less about wages.
BOTTOM LINE REMAINS all the Big 3 sold lots of cars they failed to make a profit.
WHY ? Overpaying for labor is 999999.99999 agreed upon reason.
Even if we believe the myth of Toyota product over American.
Sell a IMPALA/MALIBU for 3 k less, offer 100k warrenty watch Camary/Corrolla sales fall
Simple ads side by side comparison
Insttitute proper cost structure and wa la