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GM and Ford Bankrupt? (pg. 2)
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| jonSun |
| quote: | Originally posted by Realist
inb4 the local TA "traders" playing with their 500 dollars in the stock market saying, "i'm gonna make money off of this" |
I thought they had less? |
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| gehzumteufel |
| quote: | Originally posted by Abercrombie
Do away with the unions that pay bolt tighteners $50/hr, and pay for performance, not seniority, and you'll turn a profit. |
Exactly why Toyota and Honda have kept profitable while running operations in the US. |
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| Realist |
| quote: | Originally posted by jonSun
I thought they had less? |
Yeah, probably.
$500 is what they have in marketocracy. |
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| pkcRAISTLIN |
| quote: | Originally posted by Abercrombie
Do away with the unions that pay bolt tighteners $50/hr, and pay for performance, not seniority, and you'll turn a profit. |
yeah, because the automotive industry is just bloated with workforce! :rolleyes: |
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| Slylee |
| what a shame. i was just starting to have an appreciation for mustangs lol |
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| gehzumteufel |
| quote: | Originally posted by pkcRAISTLIN
yeah, because the automotive industry is just bloated with workforce! :rolleyes: |
PKC, the US auto industry is. Seriously. A large part of the problem is their labor policies. |
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| Moongoose |
| quote: | Originally posted by Krypton
They should merge. Only speculators should be buying GM and F stock. |
We actually made some good money on GM yesterday,it was up between 11 and 12 % by the time i got too tired to care any more and went home to get some sleep :p |
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| pkcRAISTLIN |
| quote: | Originally posted by gehzumteufel
PKC, the US auto industry is. Seriously. A large part of the problem is their labor policies. |
Really? All I ever see is videos of long assembly lines with robots going nuts. My mistake, and im quite mystified as to why the US auto industry has had less luck ing the workers over than they have in australia. Weird. |
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| gehzumteufel |
| quote: | Originally posted by pkcRAISTLIN
Really? All I ever see is videos of long assembly lines with robots going nuts. My mistake, and im quite mystified as to why the US auto industry has had less luck ing the workers over than they have in australia. Weird. |
GM, Ford, and Chrysler has had a glut of employees that were/are on their payroll that were not actually doing work for them. This has been chronicled many times. Also, they have kept open plants that should have been closed. That is extra workforce that could have been cut to save money they would need now. |
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| gehzumteufel |
| pkc: I am by no means saying that was the largest problem. Their largest problems by far have to do with THE MOST stale product lines in the whole industry worldwide, the worst reliability ratings of a manufacturer of that that size, and bad management. There are a whole host of other factors that played into it. |
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| malek |
if by going bankrupt they could somehow offload those ing unions then GO GO GO!
God damn unions:whip: :whip: :whip: |
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| gehzumteufel |
| quote: | Originally posted by malek
if by going bankrupt they could somehow offload those ing unions then GO GO GO!
God damn unions:whip: :whip: :whip: |
I don't think the unions will disappear, but they will lose their clout if they do go bankrupt. Not only will bankruptcy ruin the whole UAW, it will force them to take even more "concessions" in order to save their jobs. |
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