"That's why I figured GM was likely to go bankrupt, years before it did. Old GM lost $88B during the last five years before the bankruptcy"
There is a big difference between losing money and a tax write-off in which the $88 billion was. Like closing plants ,dealers and GMAC that had nothing to do with labor. Maybe you should have my heath care plan. By the way Viagra isn't covered neither are the heartburn pills
"How is the media misrepresenting hourly pay? Are they not reporting the right numbers? Is $28 per hour incorrect for unskilled labor?"
What about the $75 per hour number put out in 2007" Sure we had a pension fund that was funded with pay increase that we didn't get and GM and health Insurance. How was the $75 per hour number determined? Did GM have two seperate stats one for hourly and one for salary?
"Jeye, you have lost any ability to carry on a conversation. Nobody said it was a line workers fault, not even close. "
No its only at contract time. You was upset with how the news wires reported CEO pay. I'm sure the same can be said how they handled hourly pay. Over half of our pay came from the fact that the UAW had COLA..
Anyway you have a nice weekend we are ending a week of baby sitting 3 of our grandchildren
GM could even export the HHR that was built in Mexico.
This may be some of the reason.
Name and Address of Reporting Person* Girsky Stephen J
Table I - Non-Derivative Securities Acquired, Disposed of, or
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)
2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and
5) 5. Amount of Securities Beneficially Owned Following Reported
Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect
(I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock(1) 09/30/2015 M 9,846 A $0(2) 112,872 D
Common Stock 09/30/2015 D 4,650 D $29.74(2) 108,222 D
Common Stock 09/30/2015 F 5,196 D $29.74(2) 103,026 D
Common Stock(3) 09/30/2015 M 12,003 A $0(2) 115,029 D
Common Stock 09/30/2015 D 5,669 D $29.74(2) 109,360 D
Common Stock 09/30/2015 F 6,334 D $29.74(2) 103,026 D
Someone else take this one, or I'm gonna HIT him, I swear!"
You sound like a CEO its not my fault, its the guy on the line. Accidents happen and in most cases its driver error not the vehicle
"No one has been killed in a VW, unlike GM, where more than 100 have been killed or is it murdered. "
How do you know 33,000 died in vehicle accidents just last year?
"Did you even read the article I posted by the guy who claims to be a former EPA guy, who describes them catching GM cheating on EPA tests in the past? Now, this guy could be a BSer as well -- I get that.
Allow me to quote it, for your laziness"
It was Hyundai and Kia that got caught
Institutions Sell Tesla Stock
Tesla has an D- Accumulation/Distribution Rating. The A/D Rating measures net buying or selling by mutual funds and other big institutions in recent weeks. A D- A/D Rating low on a scale that goes from A+ to a worst-possible E. Back on July 20, when Tesla broke out of a 10-month base, the stock an B rating. But the breakout failed and big funds sold shares, especially in recent days. Wall Street has not been impressed with Tesla's high Model X price tag.
Toyota says it is cooperating with a U.S. inquiry into why its trucks are falling into the hands of the terror group ISIS. The cause for concern: The brand's Land Cruiser SUVs and Hilux pickups, brimming with dusty machine gun-toting fighters, are mainstays in propaganda videos by ISIS.
Hey Stalker Turk, is it fun adding Yahoo ID's while I'm naking money in the market. Tell us how fast you can add another ID. You wouldn't make a pimple on Tom's butt. Now this ID is back to the ignore list
"Too many weiners with money"
Are you finally pointing the finger at yourself. No it couldn't be you would rather lose money in Gold and Silver.
"VOLT ............0-60mph ..... 8.4s
Model S .......0-60mph ..... 2.8s"
Here in Michigan must non freeways are 55mph. While the Model S is waiting for juice the Volt will be long gone down the road.
The 2016 Volt could be a breakthrough car, not just for GM, but the entire industry. This is the first affordable hybrid that consumers might actually want to buy because it’s a great car to drive. The fact that it can avoid using gasoline for 53 miles between charges just happens to be a nice bonus.
GM gets that the days of vehicles with low emissions that resemble rolling science projects are over. The car better be good looking and fun to drive, regardless of the powertrain.
I partnered up with Drew Winter of WardsAuto and drove the Volt in Marin County, Calif., on winding, twisting hilly roads. The new Volt not only easily outdistances all other plug-in hybrids, such as the Toyota Prius and Ford C-Max, but it does so with an abundance of torque and refinement.
Several times when Winter was watching the road or paying attention to the route book, I switched from electric propulsion to the gasoline engine, and he didn’t notice. It’s that smooth.
The Volt’s steering, tires and suspension give the car a sporty demeanor, unusual for hybrids. And overall, the car has shed some 200 pounds. I can see this version of the Volt gaining cult status and sowing the seeds for greater things in the future, sort of what Subaru did with all-wheel drive.
IHS Automotive analyst Stephanie Brinley, who also tested the new Volt, believes GM’s engineers did excellent work with the car’s performance, refinement and cosmetics. She also sees the Volt as more than a niche product.
wngr, I've been away from the computer traveling down state.Can you explain this quarterly Trades.
Name and Address of Reporting Person* Ammann Daniel
Common Stock(1) 09/30/2015 M 6,545 A $0(2) 175,122 D
Common Stock 09/30/2015 D 2,891 D $29.74(2) 172,231 D
Common Stock 09/30/2015 F 3,654 D $29.74(2) 168,577 D
Common Stock(3) 09/30/2015 M 9,457 A $0(2) 178,034 D
Common Stock 09/30/2015 D 4,178 D $29.74(2) 173,856 D
Common Stock 09/30/2015 F 5,279 D $29.74(2) 168,577 D
Name and Address of Reporting Person* Barra Mary T
Common Stock(1) 09/30/2015 M 6,580 A $0(2)
Common Stock 09/30/2015 D 3,476 D $29.74(2)
Common Stock 09/30/2015 F 3,104 D $29.74(2)
Common Stock(3) 09/30/2015 M 9,093 A $0(2)
Common Stock 09/30/2015 D 4,804 D $29.74(2)
Common Stock 09/30/2015 F 4,289 D $29.74(2)
"And how much influence did you have over GM's business results when you worked? The same as the CEO? I never saw anyone brag over how little they made before this."
But remember it was all hourly fault.
I didn't make a decision to buy into Fiat and then have to pay them $2 Billion to get out.
How about the latest $5 billion plus on the switch.
Have a Great Sunday
wngr how much really does a CEO need? The President of America get $400,000. The Cornell study show the average CEO pay is $13.8 million 204 times higher then their average employee. Do I think some sports players are over paid yes. I started at $2.59 a hour at GM. My best year was a little over $54,000 was at GM 10 years before I made $10,000 a year.
Free like this
Name and Address of Reporting Person* Barra Mary T
Common Stock(1) 09/30/2015 M 6,580 A $0(2) 74,245 D
Common Stock 09/30/2015 D 3,476 D $29.74(2) 70,769 D
Common Stock 09/30/2015 F 3,104 D $29.74(2) 7,665 D
Common Stock(3) 09/30/2015 M 9,093 A $0(2) 76,758 D
Common Stock 09/30/2015 D 4,804 D $29.74(2) 71,954 D
Common Stock 09/30/2015 F 4,289 D $29.74(2) 67,665 D