Hey! SPEND LESS, just like your customers have to when things are tight.
I heard something about older workers getting paid to come in and sit at a desk reading a paper. There was a term that was used for it (as I guess its SOP for union contracts)-anyone know what I’m talking about?
Okay, this statement:
“Wagoner confesses in his opinion piece that GM has “a weaker sales mix–essentially, we’ve sold fewer high-profit SUVs and more lower-profit cars.”
doesn’t match this statement:
“Detroit pumped out way too many gas-hog pickup trucks and SUVs – meaning, Escalades, Excursions, Suburbans — and did little to retool their plants toward what consumers wanted. That’s because Detroit earns much, much more money off of these cars versus smaller cars such as hybrids and fuel-efficient vehicles.”
Or am I misreading?
LET THEM EAT CAKE!!!
Curious, but if GM files chapter 11 what happens to their stock? Does it get wiped out and they effectively do another IPO? Does it survive?
A group of U.S. senators has reached a bipartisan agreement on aiding U.S. automakers, said an aide to Democratic Senator Carl Levin of Michigan.
No details are available, Levin aide Tara Andringa said in an e-mail. Levin and colleagues Debbie Stabenow, a Michigan Democrat; George Voinovich, an Ohio Republican, and Kit Bond, a Missouri Republican, scheduled a 2:30 p.m. news conference in Washington.
Congressional leaders haven’t said whether they support the plan, and both houses could run out of time to enact legislation with a lame-duck session due to wrap up tomorrow.
Senate Majority Leader Harry Reid yesterday refused to schedule floor time to debate a possible Bond compromise plan, though he said today Congress might return in December to finish its work.
``The desire is we complete all of our actions until we come back on Jan. 6, but that may not be possible,’’ the Nevada Democrat said. ``It may be necessary that we come back after Thanksgiving.’’
To contact the reporters on this story: John Hughes in Washington at Jhughes5@bloomberg.net; Jeff Green in Washington at o
NO MORE BULLSHEET BAILOUTS.
Time for Tough Love, most are .....its time to SPREAD THE TOUGH LOVE.