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General Motors Company Message Board

wngr123 170 posts  |  Last Activity: Apr 15, 2014 3:14 PM Member since: Oct 24, 2008
  • Reply to

    Watch this documentary: "Death By China"

    by rusty_chevy_impala Mar 2, 2014 11:27 AM
    wngr123 wngr123 Mar 2, 2014 12:45 PM Flag

    "-but it makes more sense to make them here in the USA."

    Jayhawky, what are you reasons for saying that? I think we will have an honest disagreement, but I'm interested in your reasons.

    BTW, are you not a fan of Wichita State? Big rival? They look awfully good.

  • Reply to

    Watch this documentary: "Death By China"

    by rusty_chevy_impala Mar 2, 2014 11:27 AM
    wngr123 wngr123 Mar 2, 2014 12:00 PM Flag

    Back in April, 2013, Bob Socia, the President of GM China said it MAY happen someday. It hasn't so far. It makes far more sense logistically to make cars destined for the US in Mexico. The Japanese are realizing this, that's why you see them building plants in Mexico now.

    If you had to dual tool plants in Mexico and China for the same model, it might change the equation a bit, but I doubt it would change the answer.

  • Reply to

    Balance Sheet Timebomb

    by robert_dinero_here Mar 2, 2014 2:24 AM
    wngr123 wngr123 Mar 2, 2014 11:45 AM Flag

    BTW, the numbers I showed above for GMF were only the current portion of the receivables. There's more in the non current part of the balance sheet.

  • Reply to

    Balance Sheet Timebomb

    by robert_dinero_here Mar 2, 2014 2:24 AM
    wngr123 wngr123 Mar 2, 2014 11:37 AM Flag

    "What is up with these GM Receivables growing $10B a year for each of the past two yrs?"

    First, let's get calibrated:

    GM Receivables/2011/2012/2013 ($ Billions)
    10.0/10.4/8.5
    GM receivables have NOT been "growing $10B a year for each of the past two yrs".

    You may be referring to GMF which looks like this:
    3.3/4.0/14.3
    GMF Receivables have gone up $10.3 billion for the past year ONLY.

    According to note 4 of the 2013 10K:

    "In the year ended December 31, 2013 GM Financial acquired certain international operations in Europe and Latin America from Ally Financial that conduct consumer and commercial lending activities. All of the loans acquired were made on a secured basis."

    The increase in receivables was due to the above acquisitions and the consolidation of their accounts into GMF and on to the GM balance sheet.

  • wngr123 wngr123 Mar 1, 2014 12:02 PM Flag

    "Being a gay man I found a gay financial adviser."\

    FO clone.

  • wngr123 wngr123 Mar 1, 2014 11:07 AM Flag

    "was to let someone else manage my 401K. It keeps hitting new record highs and I'm feeling quite blessed."

    If you're like me, you have neither the time nor interest to do it right. The key is to find a professional you know and trust to manage it for you. There are some unscrupulous people who will just cycle your investments and ring up the commissions so you have to be careful and keep an eye on things.

    My guy is connected with an investment firm that has a large research group and we have an arrangement where I pay a management fee instead of commissions on every trade. I also have done very well (of course you should have done well in the past couple of years) although probably not as great a return as yourself because I have a very conservative approach. I'm in the position of not needing any MORE money, but just living off the interest, dividends, etc. and trying to outsmart the people trying to take it from me, I think you know who I mean.

  • Reply to

    GM kill switch recall widens

    by robert_dinero_here Feb 27, 2014 8:34 AM
    wngr123 wngr123 Feb 27, 2014 4:55 PM Flag

    "Maybe Mary Barra is bringing a conscience to this company at last.
    I'm givin' her the benefit of the doubt for now."

    She is a high integrity person and scary smart. I wish her the best.

  • Reply to

    I ENVISION A WORLD WITH NO UAW AT ALL

    by robert_dinero_here Feb 26, 2014 12:35 AM
    wngr123 wngr123 Feb 27, 2014 4:54 PM Flag

    ""BTW, Deming was a bit of a dirty old man. Did you know that? "
    No I didn't, but does it matter?"

    No it doesn't, I just find it amusing. I was at what I believe was one of his last seminars. He was on stage sitting in a wheel chair with IV's in his arm, attended by 2 twenty something babes. One of them told me it wasn't totally water in the bottle he carried. There was some other clear liquid as well.

    It only served to increase my admiration of the old guy.

  • Reply to

    I ENVISION A WORLD WITH NO UAW AT ALL

    by robert_dinero_here Feb 26, 2014 12:35 AM
    wngr123 wngr123 Feb 27, 2014 8:47 AM Flag

    {{Toyota's Production System is based on methods developed by Dr. Edward Deming.}}

    Wrong about that. The TPS was developed by a man named Taiicci Ohno long before Deming was working in Japan. I'm not going to say that Deming didn't influence them, he certainly did, but he didn't have anything to do with designing material flow systems, workplace organization, visual controls, etc. Demings influence was limited to quality processes and the respect for the individual worker.

    BTW, Deming was a bit of a dirty old man. Did you know that?

  • Reply to

    I ENVISION A WORLD WITH NO UAW AT ALL

    by robert_dinero_here Feb 26, 2014 12:35 AM
    wngr123 wngr123 Feb 27, 2014 8:30 AM Flag

    ""Empowering workers to make decisions is more centered on the production prosess, not in running the business."
    There are limits to this as well..."

    Absolutely right. I have studied the Toyota Production System (TPS) quite a bit and have first hand knowledge of their system in operation. Production workers have quite a bit of say how things go within their own work space, no more. People who think that the TPS is a feel good program for employees are quite wrong. It is a system in which the workers are required (part of the deal when hiring in) to participate in Kaizen (improvement) activities within their groups. Topics are more efficient use of labor, safety, material flow, workplace organization, visual controls, cost reductions, etc. All improvements are typically approved by the group leader (first level of management). Teams are given targets and are evaluated for their improvement activities annually.

    It's outside the realm of their authority to be making decisions reserved for management.

  • Reply to

    Consumers Report and how one feels about them

    by jeyebolt2003 Feb 25, 2014 7:00 PM
    wngr123 wngr123 Feb 26, 2014 2:17 PM Flag

    "This is how people interpret CR. If they give a good rating to a car or a manufacture they like, it's a good report. If they don't, it's a bad report."

    Not in my case, they have just released a list of 22 new cars NOT to buy with only 1 GM car on it (the Spark), and I still put no faith in their opinion.

    BTW, there were 3 Toyota's, 6 Chrysler's, and 4 Ford's on the list and no VW's (who consistently shows up terrible on JDP's rankings).

  • Reply to

    I ENVISION A WORLD WITH NO UAW AT ALL

    by robert_dinero_here Feb 26, 2014 12:35 AM
    wngr123 wngr123 Feb 26, 2014 1:49 PM Flag

    "Yes the Energy bubble along the housing bubble all that GM had No Control over. The Energy bubble shut down GM money makers sales Trucks.The products have to leave Dealers lots. Our Governments allowed banks to get into speculative investments and the bubbles were starting to burst in the speculative investment next the Financial crunch and rdh-web refuses to tie this altoghter"

    No no Jeye. All that stuff was minor compared to me leaving. :-)

  • Reply to

    I ENVISION A WORLD WITH NO UAW AT ALL

    by robert_dinero_here Feb 26, 2014 12:35 AM
    wngr123 wngr123 Feb 26, 2014 1:20 PM Flag

    "As soon as I saw them bring in Alix Partners I was pretty sure they were in major trouble... "

    Yes, but I think that was in late 2008 if memory serves me correctly. I'm pretty sure that they weren't there when I left the company in April, 2008. After I left, things really went to hell. :-)

  • Reply to

    I ENVISION A WORLD WITH NO UAW AT ALL

    by robert_dinero_here Feb 26, 2014 12:35 AM
    wngr123 wngr123 Feb 26, 2014 12:33 PM Flag

    "PS: on a personal note, wishing you improving health."

    Thank you Exec's. I appreciate your thoughts.

    "Would previous company / union interactions have given them any reason to think that?"

    Absolutely, the situation was about as bad as Washington is today.

  • Reply to

    I ENVISION A WORLD WITH NO UAW AT ALL

    by robert_dinero_here Feb 26, 2014 12:35 AM
    wngr123 wngr123 Feb 26, 2014 12:28 PM Flag

    "Just tell me one time GM Management admitted they they made mistakes that cost the Company $Billions"

    Clearly other mistakes were made. Not trying to blame the UAW for everything. As far as management ADMITTING them, no they didn't. Did the UAW ADMIT to being part of the problem?? No.

    The thing about large organizations is that all the mistakes are out there for everyone to see, including the UAW's mistakes. Yet, no one ADMITS them. That's OK. Any reasonable person can see them.

    The only country that GM declared bankruptcy in is the U.S., not even Canada. The only place the UAW is at is in the U.S. Maybe that's just a coincidence.

    I'm very typical of the huge problem that the UAW has today. I have a lifetime of personal reinforcement of the type of organization that the UAW has been over the past 40 years. The UAW has a huge task, maybe insurmountable, to reverse the public perception of the type of organization they would like to be thought of now. I'm sure, as Questinator, claims, that it's not the same organization that it was in 1975. But they sure have a lot of doubters that aren't ready to accept that, particularly when they have a guy like the heir apparent to Bob King making speeches like he did on Feb 3. In a speech in Washington to UAW people he said:

    "“Dammit, enough’s enough. We want to fight again. We’ve got to fight,” Williams told more than 1,000 members and retirees at a Washington hotel on the final day of the union’s four-day political conference. “It’s time to get it on ... We can’t outspend them, but we’ve got boots on the ground.”

    Stupid statements like that will only serve to deepen the feelings that employers AND the general public have about the UAW. I just don't understand what they are thinking. On one hand, King is trying to play nice so that future companies aren't fighting their organizing campaigns, then you have idiots like this Dennis Williams guy out making speeches like that.

  • Reply to

    I ENVISION A WORLD WITH NO UAW AT ALL

    by robert_dinero_here Feb 26, 2014 12:35 AM
    wngr123 wngr123 Feb 26, 2014 11:40 AM Flag

    "cobra, you know nothing, the UAW has been backing up long before 2009. Did you have a personal experience with the UAW?"

    Jeye:

    I have a lifetime of dealing with the UAW and have seen them from a perspective that you have not. The UAW is all about the UAW regardless of the effect it has on the host company. Sure, in the time leading up to the bankruptcy, the demands became smaller and even had some concessions....clearly too late.

    I think even many UAW leaders realize that now, but I guarantee they didn't see it coming. I had a personal conversation with Richard Shoemaker in which he asked me which set of GM books I was talking about. He laughed at me when I told him there was only one set. They stopped laughing when the UAW hired Lazard Freres in 2007 to do an assessment of the financial health of GM. LF advised them to do the VEBA if they wanted any hope of continuing health care benefits for retirees, the company simply couldn't afford it.

  • Reply to

    Consumers Report and how one feels about them

    by jeyebolt2003 Feb 25, 2014 7:00 PM
    wngr123 wngr123 Feb 26, 2014 11:22 AM Flag

    {{Reliability isn't so important until people start in on $500 and $1000 repairs or have to put in a quart of oil every 2K miles. CR spends much money buying and testing products.}}

    Therein lies the fallacy of CR. Quality defects in components on cars are measured in parts per million these days. CR can't possibly sample enough with any reasonable hope of finding something. Maybe they're OK for giving THEIR opinion whether the cup holder is in the right place or not, but that's about it.

    Take for instance this ignition switch problem. Out of 1.6 million suspect cars, there are currently 31 known instances after 10 years of use. No way is CR going to be able to predict that. Or, take your example. I've been driving GM cars for 40 years and never had an oil consumption problem. Think CR is going to help you find that? Have they ever reported a car that had an oil consumption problem? Why not? Apparently they are out there.

    I would rather get my data from a place like JD Powers who samples tens of thousands of actual owners for problems, as well as a separate survey for things like design issues. CR is #$%$.

  • Reply to

    GM DOES AN HONORABLE THING?!!!

    by robert_dinero_here Feb 25, 2014 11:35 PM
    wngr123 wngr123 Feb 26, 2014 10:53 AM Flag

    "I'm going to give Mary and Co. the benefit of the doubt and assume they are trying to do what is right here. I suggest that they should be encouraged; not bagged upon."

    I wouldn't let them off that easy Web. I admit not knowing all the facts, but I believe I read some news reports that said they had been conducting an investigation some years ago for the same defect, but involving the 1.6 million vehicles. In the old days, there would have to be a LOT of evidence present to exclude some of those, to the point that GM used to recall MORE than they thought might be actually suspect to insure clear margins.

    Sounds to me like someone thought they could get away with a much smaller number until the more conservative executives turned that around. I'm curious about the real story.

    It also illustrates the conundrum of the design engineer. Should he/she design this switch to withstand 15 years of key chains with 35 keys, 4 good luck charms, 25 discount miniature credit cards, 3 solid steel busts of children and a chain lanyard with an estimated life of 20 years, or with the normal set of 5 keys? Surely the answer is somewhere in between, but where? Thus is the life of a design engineer.

  • Reply to

    Union Benefits

    by maryfaykay Feb 24, 2014 3:15 PM
    wngr123 wngr123 Feb 25, 2014 8:05 PM Flag

    "Shouldn't the goal be to bring all workers up to the higher standard, rather than bring workers down to the lower standard?"

    It's simply a matter of jobs vs compensation structure. As compensation goes north, jobs will go south (literally). When there is an alternative for reduced costs, it's natural for capital to follow. To think that the companies need to provide the highest standard of living for everyone is a dangerous proposition for workers.

  • Reply to

    Union Benefits

    by maryfaykay Feb 24, 2014 3:15 PM
    wngr123 wngr123 Feb 25, 2014 7:30 PM Flag

    "Ok, so only UAW workers get Holiday pay and Vacations? "

    Geez, don't go banana's on me....was only trying to point out that there is a lot more than healthcare and pension included in your benefits. And I think if you check with your financial people, things like holiday pay and vacation pay are not accounted for under wages. In GM all of those things were accounted for in a burden account for benefits. Only actual hours worked were charged to wages. It's important to keep separate for those benefits which are related to actual hours worked.

    And if you think that dental and vision are included in healthcare, wait til you retire and are on the VEBA roles.

    And to your comments regarding 'only the UAW gets this', I think you will find that in the supplier community and other non OEM companies, many of those things are NOT included.

    Look, I'm really not trying to start an argument, but that's why benefits amount to the number that looks high to everyone.

GM
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