:142smilie :142smilie
http://www.foxnews.com/leisure/2012...production-due-to-low-demand/?test=latestnews
http://www.foxnews.com/leisure/2012...production-due-to-low-demand/?test=latestnews
Chevy Volt
- Thread starter hedgehog
- Start date
What exactly is so funny about this to you? The fact that 1.300 people will be temporarily out of work and struggling to pay the bills? Is it true that you are a debt collector? Then I can certainly understand how you get your kicks from others' misfortune.
I don't think it is funny but, it is another example of how the free market works and, even though The Obama said he would buy one of these cars, unless a product merits, it fails no matter how much of our money the government pours into it.
Maybe GM should have had some forethought and instead of paying out millions of dollars in bonuses to already overpaid assembly line workers, they could have used some of that money to reduce the number of people laid off.
GM should have went bankrupt so they could get an entirely different leadership team instead of more of the same which will have them begging for taxpayer dollars again sooner rather than later.
Maybe GM should have had some forethought and instead of paying out millions of dollars in bonuses to already overpaid assembly line workers, they could have used some of that money to reduce the number of people laid off.
GM should have went bankrupt so they could get an entirely different leadership team instead of more of the same which will have them begging for taxpayer dollars again sooner rather than later.
Difficult spot for all hybrid or electric car makers: technology leaps forward monthly and todays e/h cars will be hazardous waste in a few years and cars have no resale value.
Hats off to car industry still making these hybrid cars.
Hats off to car industry still making these hybrid cars.
While I don't have much patience for these executive bonuses (in any company, not just this one), GM has been performing very well as a company and this decision probably is a prudent one for the continued success of the company. There is this little nugget for those ripping GM management and the bailout (which I don't completely agree with, either, but understand to a point):
General Motors earned a record $7.6 billion profit last year, the highest profit in the company?s 103-year history. It sold 640,000 more cars and trucks in 2011 than it did in 2010 and took in a total of $105 billion.
GM was bailed out to protect all of the businesses that support GM. If it would have only impacted GM and their employees, they would not have stepped in. This shit has been happening for 100 years. The ones I got pissed about were the banks.
They did go bankrupt.
And I guess it was okay that former CEO Rick Wagoner resigned and walked away with a $20 million retirement package. :facepalm:
The problem, Chadman - I think most of that growth was in China.....where no US taxes are collected.
I totally agree with the free market argument. The part I don't agree with is the supposed "real Americans" that hate terrorists yet continue to support them with gas guzzling SUVs. Much like most religious BS, all talkie no walkie.
Fuck the liberals is what the public is saying here, who the fuck wants an electric car, nobody...:0008
This is based on what source? I looked, and found that GM sales in China were up 9% last year, and GM sales in the U.S. were up 13%. Most of the 4th quarter revenue for the company was in the U.S. I found this info several places. Just wondering what you are basing your "most of the growth" comment on?
I do agree with your comment about losing tax revenues to corporations making much of their revenue overseas. I think this is a selective concern for many conservatives, right? Companies should be allowed to do whatever they want - move parts of their corporations addresses out of the U.S. to avoid paying taxes when it's convenient to the argument? As a taxpayer, at least being a shareholder in the company I benefit from this analogy, unlike the non-bailed-out companies that are making billions by doing it. While I don't like it, at the same time.
The bonuses were paid to both management and hourly staff so they could, "ensure they didn't lose their employees to other companies."
I'm not sure what other companies are recruiting $75 an hour assembly line workers but, I think the point is why not book those dollars and either lessen the impact of layoffs or help to ensure you can cover a future downturn in business.
Making the arguement that GM failure impacts hundreds of other businesses seems reasonable on the surface but, it assumes that without GM, those cars would not be sold. In reality, without GM the demand is still there for automobiles so people would buy other brands and therefore positively impact those hundreds of businesses that supply Ford, Toyota, etc. In fact, the auto industry overall would be stronger with some consolidation.
Wagoner's retirement payout, the Chevy Volt and these bonuses only prove that it is business as usual at GM...that is not good news for anyone regardless of who is president.
I'm not sure what other companies are recruiting $75 an hour assembly line workers but, I think the point is why not book those dollars and either lessen the impact of layoffs or help to ensure you can cover a future downturn in business.
Making the arguement that GM failure impacts hundreds of other businesses seems reasonable on the surface but, it assumes that without GM, those cars would not be sold. In reality, without GM the demand is still there for automobiles so people would buy other brands and therefore positively impact those hundreds of businesses that supply Ford, Toyota, etc. In fact, the auto industry overall would be stronger with some consolidation.
Wagoner's retirement payout, the Chevy Volt and these bonuses only prove that it is business as usual at GM...that is not good news for anyone regardless of who is president.
I would agree with much of what you said in your last post, Bob. But I don't agree with the drive-by China comment that doesn't seem to have any real merit. Was just checking if that comment was based on info or opinion.
Are there some tangible statistics you can post that shows the voting records of those who buy electric cars?
I wouldn't mind having an electric car if an INDEPENDENT group can build a Dependable, Safe, Durable, Multi-Purpose Vehicle.
If I have to pay 5,6, 9...... a gallon for gas, and I can charge my rig off of one of my generators :shrug:
The answers seems pretty simple to me :0008
My opinion is that this current batch of electric cars were forced onto the market too fast and not enough quality control and product development was done on them. Someone with more Brains than the Gm stooges, say one of the NASCAR owners or an invidual who believes in Tesla Technology can develop a far better egg beater.
In theory that makes sense, but you apparently have no idea how the auto supply business works. Incremental volume at GM's competitors does not keep GM's supply base in business. Like usual, you're not thinking clearly.
Nonsense, asbob. Yes, it is true that GM shares *some* of it's parts suppliers with other car companies, but...much of the GM partsmaking is done in the USA; for example most of it's engines, transmissions, suspension, sheetmetal. glass and rubber parts are USA made.
The transplants, Toyota, Nissan, WV, BMW, Mercedes and Honda, get a far larger portion of their parts from outside the USA.
So, the loss of GM affects far moire American jobs that the sales of non-USA brands replaces.
Please try to be a bit better informed in the future.
Intentional ignorance is a right-wing virtue, isn't it?
