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wngr123 354 posts  |  Last Activity: 16 minutes ago Member since: Oct 24, 2008
  • Reply to

    As Predicted With The New UAW Contract

    by wngr123 Feb 5, 2016 7:11 PM
    wngr123 wngr123 Feb 7, 2016 2:37 PM Flag

    "Wngr, at the risk of annoying our buddy PM with another Don Quixote reference, are you about ready to stop tilting at the windmill that is Jeye? Trying to reason with the unreasoning truly is dreaming the impossible dream."

    I know, it's not worth the time. But it's cathartic for me after so long of having to maintain a professional demeanor with our union "partners". So many times of having to just walk away when they start spewing their hypocritical, self serving propaganda to their constituents has made me what I am.

    You can't imagine how badly I wanted to talk to the rank and file people and tell them just how poorly their leadership is misleading them for the sole purpose of perpetuating this cushy, well paying job that they had been voted into. I keep flashing back to the "conferences" we used to have in Palm Springs, CA and Hollywood, FL where the union officials would be missing for all the meetings, but would always show up for meals with the wife and little ones.

    The UAW has taken advantage of their membership for so long it's just a travesty. Then, to have someone like Jeye start regurgitating the same propaganda is too much for me. It shows me that the union deception has worked.

    So please don't take this away from me. It's kind of uplifting to my soul. :-)

  • Reply to

    As Predicted With The New UAW Contract

    by wngr123 Feb 5, 2016 7:11 PM
    wngr123 wngr123 Feb 7, 2016 2:23 PM Flag

    "Well I'm sorry I left out 't on the end of can."
    Thank you.

    "But here is that Famous word again (moron ) in a reply"
    I bet you get tired of hearing it.

  • Reply to

    As Predicted With The New UAW Contract

    by wngr123 Feb 5, 2016 7:11 PM
    wngr123 wngr123 Feb 7, 2016 2:21 PM Flag

    Continuing

    the315851

    If you stick around here long enough, you will find that I can pretty much always back up what I say. In addition, I'm blessed with a pretty good B-S detector and when I read your posts lots of bells go off.

    I suggest that you spend a little more time before posting in the future to get to know the subject matter a little better. It might save you some embarrassment later on.

  • Reply to

    As Predicted With The New UAW Contract

    by wngr123 Feb 5, 2016 7:11 PM
    wngr123 wngr123 Feb 7, 2016 1:48 PM Flag

    Continuing
    “Perhaps you can point me to some source that indicates that GM lost no money in Peso???”

    I suggest you find a table of foreign exchanges values through 2015 somewhere. If you do, you will find that in January, 2015, the Mexican Peso rate was about 15 pesos to the USD. In December, 2015, the rate was 18 pesos to the USD. That means if a car was being built in Mexico for 300,000 pesos, in January that car would have cost $20K, in December that same car would have cost $16,667.

    There was a gain for GM against the peso, not a loss.

    “Instead of retooling in the states, entire operations were built for Mexico. “

    Care to retract that statement.

    “GM is buying raw goods with a currency that has gotten destroyed.”

    Nope, see above.

    Continued

  • Reply to

    As Predicted With The New UAW Contract

    by wngr123 Feb 5, 2016 7:11 PM
    wngr123 wngr123 Feb 7, 2016 1:40 PM Flag

    The315185:

    Let’s start at the beginning and set the record straight.

    “When it was all done, I believe wnger's plant in Mexico had managed to save 10-12% in cost of production over a similar plant in the States.”

    According to the report published by Harbour & Associates, there are an average of 23 man-hours involved in the final assembly of a car. There are also 2 MH of stamping, 4.5 MH for engine mfg., and 3.5 MH for transmission. Generally, that is the content that the 3 “Detroit” companies do.

    That’s a total of 33 man-hours of content. In Mexico, those 33 MH expanded by hourly rate ($8/hr) is worth $264. If that same vehicle were to be built in the US, it would cost $1650 (using $50/hr). That a penalty of $1386 per car.

    GM has 3 major assembly centers in Mexico each producing about 1000 cars per day (TAKT time of 55 seconds). That’s 3000 cars per day x 240 working days per year, or 720,000 cars per year. 720,000 cars x $1386 = $997M per year saved by building these cars in Mexico.

    “.....took a foreign exchange loss of 1.4 Billion usd I the 4th quarter. Is this a one time event? No. Total losses were well over 2 Billion for the year.”

    No, the correct number for forex in 2015 was $1.4B for the entire year (Source: Chart Set from the earnings release, Chart number 28). This chart also has the note “primarily related to FX associated with Australian Dollar, Russian Ruble, Colombian Peso, Brazilian Real, and Euro.”

    Additionally, the consolidated forex for the 4th quarter was $400M (from Chart 11 of the same package).

    Continued

  • Reply to

    As Predicted With The New UAW Contract

    by wngr123 Feb 5, 2016 7:11 PM
    wngr123 wngr123 Feb 7, 2016 12:27 PM Flag

    "Again wngr played his word game. The question was why can't GM export a Mexican produced vehicle to Japan, Korea or China."

    No, you moron, that's NOT the question you asked. Here is the question YOU asked taken directly from your post of yesterday. Look it up, then I expect an apology:

    "Another one you never answered. How come GM can export Mexican produce vehicles to Korea, Japan and China?"

    Study this real hard Jeye. You will find that you asked me why GM CAN export cars....not why they can't.

    Waiting for an apology.

  • Reply to

    As Predicted With The New UAW Contract

    by wngr123 Feb 5, 2016 7:11 PM
    wngr123 wngr123 Feb 6, 2016 9:43 PM Flag

    "Because in 2009, the Mexican operations was self sufficient"

    OMG, I'm starting to talk like him! That should be:
    "Because in 2009, the Mexican operations WERE self sufficient"

  • Reply to

    As Predicted With The New UAW Contract

    by wngr123 Feb 5, 2016 7:11 PM
    wngr123 wngr123 Feb 6, 2016 9:40 PM Flag

    " Leadership of the unions in Mexico are intensely corrupt."
    Really. I must be the luckiest guy in the world then. I have 6 years of experience working with 3 Mexican unions and not once did we pay them anything like a bribe. This includes unions at the Silao, Ramos Arizpe, and San Luis Potosi GM plants.

    "Gm Treasury lost more more money in one year, than they gave the UAW over an entire 5 year contract."
    GM lost $1.4B in forex in 2015. In their notes the primary losses were in the Australian Dollar, Russian Ruble,
    Colombian Peso, Brazilian Real, and Euro. No mention of the Peso.

    By the way, GM and the UAW signed a 4 year agreement, not 5 years.

    My estimate of the cost of the UAW contract is $1.7B. This includes two 3% raises, two 4% lump sum payments, an $8K signing bonus, a $2K lump sum payment, four $1K performance bonuses, four $500 quality bonuses, and 1300 additional skilled trades employees.

    My calculations assume 55,000 UAW employees, $27 per hour non-skilled, $35 per hour skilled, and 10% OT.

  • Reply to

    As Predicted With The New UAW Contract

    by wngr123 Feb 5, 2016 7:11 PM
    wngr123 wngr123 Feb 6, 2016 8:20 PM Flag

    "Sorry you can't believe news wires stories about CEO pay"

    By George, I think he's got it!

  • Reply to

    As Predicted With The New UAW Contract

    by wngr123 Feb 5, 2016 7:11 PM
    wngr123 wngr123 Feb 6, 2016 8:19 PM Flag

    "Another one you never answered. How come GM can export Mexican produce vehicles to Korea, Japan and China?"

    What cars do they export to Japan, Korea and China?

  • Reply to

    As Predicted With The New UAW Contract

    by wngr123 Feb 5, 2016 7:11 PM
    wngr123 wngr123 Feb 6, 2016 8:13 PM Flag

    "If GM was broke here because of the UAW how is this pointless."

    Because in 2009, the Mexican operations was self sufficient.

  • Reply to

    As Predicted With The New UAW Contract

    by wngr123 Feb 5, 2016 7:11 PM
    wngr123 wngr123 Feb 6, 2016 8:11 PM Flag

    "He doesn't report any of the negatives. Like how bandits rob train loads of parts."

    Pancho Villa rides again!

  • Reply to

    As Predicted With The New UAW Contract

    by wngr123 Feb 5, 2016 7:11 PM
    wngr123 wngr123 Feb 6, 2016 3:15 PM Flag

    "Can you explain how that happened? How can you make money before you produce?"
    Good question I'm waiting for you to answer it. It didn't come Europe, GM been losing money there."

    Is that Jeyeian for where did the initial investment come from? Is that what your trying to say? If so, I suppose the US although you seem to have made yet another pointless remark.

  • Reply to

    As Predicted With The New UAW Contract

    by wngr123 Feb 5, 2016 7:11 PM
    wngr123 wngr123 Feb 6, 2016 12:47 PM Flag

    "Gm Treasury lost more more money in one year, than they gave the UAW over an entire 5 year contract."

    Explain this. I'll get back to you later today. Not something I can do on my phone.

  • Reply to

    As Predicted With The New UAW Contract

    by wngr123 Feb 5, 2016 7:11 PM
    wngr123 wngr123 Feb 6, 2016 12:44 PM Flag

    " As such the notion of increasing wages in Mexico is not just a UAW thing, it was a US, Mexico, and Canada Government thing. "

    They tricked our government...can you imagine? Think Iran. Trump is right about one thing, we are lousy negotiators and enforcers of our agreements.

  • Reply to

    As Predicted With The New UAW Contract

    by wngr123 Feb 5, 2016 7:11 PM
    wngr123 wngr123 Feb 6, 2016 12:38 PM Flag

    "All but the $12 million in stock she is holding. Again I cut and pasted a news wire story"
    Let's say you have $100K in the bank. Let's also say you were paid $50K for working last year. How much would be on your W-2? Starting to get it a little?

    "No, Remember Ross Perot said listen to that sucking sound. Maybe this is why Roger paid to get him off the board."
    Is that really why you think GM bought out Ross Perot? Don't you think that GM wanted NAFTA?

    "I know the money was made in China and Mexico before they was producing."
    Can you explain how that happened? How can you make money before you produce?

    "Most came after NAFTA."
    Yep, so what.

  • Reply to

    As Predicted With The New UAW Contract

    by wngr123 Feb 5, 2016 7:11 PM
    wngr123 wngr123 Feb 6, 2016 7:34 AM Flag

    "But with the same breath wngr said you can't news wires stories about CEO pay. By 2009 GM was broke here but was investing $Billions in China and Mexico. The Union hasn't changed but now GM is making most of its profits here "

    That's the stupidest argument you've ever put forth Jeye.

    First, I actually showed you where you can find the actual compensation paid to Mary Barra in the Proxy statement instead of the misleading numbers published by the press. I ACTUALLY DIRECTED YOU TO THE SPOT.

    Second, do you doubt that jobs are going to Mexico? Surely you can't be that ignorant and uninformed. Even the UAW is saying that if you were able to read the article. I'm just suggesting that you don't believe everything in the press, I'm suggesting that where factual information is available you learn to find it and have someone read it to you.

    Third, you don't know how much money was made in the US unless you are a very highly placed GM executive in disguise. All you know is how much money is made in North America. Mexico is also in North America. But don't trust me, look it up on Wikipedia. North America includes Canada and Mexico Jeye. As the UAW is finding out, automakers are building in Mexico and selling in the US more and more. Is it a coincidence that they are making more money in North America than before?

    Fourth, of course they were (and are) investing billions in China and Mexico. They are doing that at the expense of the US. Know why? Think about it, I'm sure you can figure it out given enough time. It's time that the UAW admit that THEY are the people responsible for jobs leaving the US. They might as well admit it, everyone except you already knows that.

  • Google "UAW President Bemoans Work Moving to Mexico to Cut Labor Costs" by David Welch in Bloomberg Business today.

    Many predicted this, it wasn't hard to see coming. The UAW's answer to being non-competitive is to raise labor costs in Mexico. It won't happen. The unions there understand much better than the UAW how the world works.

  • wngr123 wngr123 Feb 5, 2016 4:27 PM Flag

    "Boys, we need a moniker for this mouthbreather."

    How about 'I'm_back_on_ignore'.

  • Reply to

    jeye, I can't take it any more.

    by personality_less Feb 5, 2016 2:54 PM
    wngr123 wngr123 Feb 5, 2016 4:13 PM Flag

    "America had the most serious revenue problem that has been encountered since 1929 and lets hope we never get the idiots back in office ever again that put us there"

    At that moment in time, i.e., Jan 20, 2009, I agree. The economy wasn't functioning.

    That's no longer true. $3.5 trillion ought to be enough to run the Federal government but we intend to spend over $4 trillion for the first time in history this year. That doesn't sound a little stupid to you?

    The root cause of the 2008-9 economic collapse was the housing crisis, can we agree on that? If so, I think we can rest assured that it won't recur since both Barnie Frank and Christopher Dodd have been forced to retire into private life where they can't harm anything else.

    I know, Wall Street had a part in this too, and that would be correct.

GM
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