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GM To Announcement Major Changes Tuesday
WWJ ^ | 7-14-2008 | WWJ

Posted on 07/14/2008 2:56:02 PM PDT by Westlander

Southfield (WWJ) -- General Motors is preparing to announce a major downsizing and restructuring moves Tuesday in response to falling U.S. sales.

A statement from the company says Chairman and CEO Rick Wagoner will discuss the changes at a news conference at 9 a.m. Tuesday. Before the news conference, Wagoner will address employees. The company released no further details.

(Excerpt) Read more at wwj.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events; US: Michigan
KEYWORDS: automakers; downsizing; generalmotors; gm; transportation
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The U.S. auto industry learned nothing from the '70's oil embargo.
1 posted on 07/14/2008 2:56:03 PM PDT by Westlander
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To: Westlander

It’s going to get out of the car business entirely and into healthcare for its Union retirees.


2 posted on 07/14/2008 2:58:46 PM PDT by martin_fierro (< |:)~)
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To: Westlander
"The U.S. auto industry learned nothing from the '70's oil embargo."

Yep, I guess they were just lucky to survive for 40 years.

/sarc

3 posted on 07/14/2008 2:58:57 PM PDT by lormand ("The Planet is fine, the people are $%#ed up" - George Carlin)
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To: Westlander
GM needs to downsize to survive.

They milked the SUV/Truck cow for far too long and now must restructure.

Brankruptcy is their BEST move right now. They need to invalidate all contractual agreements with the UAW (especially pension/healthcare for retirees) and re-evaluate all working contracts.

4 posted on 07/14/2008 3:01:08 PM PDT by Mariner
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To: Westlander

What are they gonna do now?

Go into the mortgage business?

Yeah, that’s the ticket.........


5 posted on 07/14/2008 3:03:00 PM PDT by fishtank (FIRST defeat Obama. ------------------ THEN resist McCain. ---------- A good plan.)
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To: Westlander

This goes back to Ried and Pelosi.....


6 posted on 07/14/2008 3:04:39 PM PDT by Sybeck1 (I would rather be water-boarded than vote for John McCain......)
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To: Sybeck1
Declare Bankruptcy, get rid of all of those dead beat union workers, who have refused to work with GM in reducing costs. ie fully paid medical health insurance, with no deductible for active and retired employees. Cut them off at the knees.Ford is doing a lot better since they restructured and reworked the union contracts, now it is GM’s turn, start with Chapter 11.
7 posted on 07/14/2008 3:10:03 PM PDT by BooBoo1000 (Some times I wake up grumpy, other times I let her sleep/)
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To: Sybeck1
This goes back to Ried and Pelosi.....

Probably so. Also, since the federal government is in full tilt bailout mode, methinks a bailout of some sort for GM is likely.

8 posted on 07/14/2008 3:11:47 PM PDT by Jacquerie (Any conservative who sits out the election will be an accomplice to the criminal Obama regime.)
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To: fishtank

“What are they gonna do now?

Go into the mortgage business?”

Did you forget the sarcasm tag? They have been in the mortgage business for decades.


9 posted on 07/14/2008 3:13:34 PM PDT by NathanR
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To: Westlander

At last! American-made bicycles again!


10 posted on 07/14/2008 3:16:06 PM PDT by B-Chan (Catholic. Monarchist. Texan. Any questions?)
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To: Westlander

Chevy Scooters!


11 posted on 07/14/2008 3:21:14 PM PDT by BigCinBigD (")
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To: BigCinBigD

Hummer 2WD Segway!


12 posted on 07/14/2008 3:22:50 PM PDT by B-Chan (Catholic. Monarchist. Texan. Any questions?)
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To: BigCinBigD; B-Chan

GM to manufacture Segway scooters!!!!!!


13 posted on 07/14/2008 3:23:19 PM PDT by Enchante (BILL AYERS: "Now THESE are the Obamas I knew! Thank you, New Yorker, for showing my real friends!")
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To: BooBoo1000

They ought to can a bunch of the management as well - not just the union guys.


14 posted on 07/14/2008 3:37:19 PM PDT by glorgau
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To: Westlander
Maybe if they built cars that people want to buy.
15 posted on 07/14/2008 3:44:45 PM PDT by Ratblaster ("White folks greed runs a world in need" B Hussein Obama The Muslim Magic Negro)
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To: Westlander

Unions didn’t get anything the company didn’t give them.

There was no problem financing benefits when the company was doing smart business. They actually made cars people wanted, and bought, in large numbers - Impalas, Camaros, GMC small pickups, Cadillacs when a Cadillac was THE car to have when you were a success. Every boy could recognize every model back then.

Now the cars are all ugly, expensive, and unwanted. Auto executives are second only to airline executives in being incompetent buffoons in business and customer satisfaction.


16 posted on 07/14/2008 3:48:30 PM PDT by oldbill
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To: Westlander

Michigan’s new state motto:

Duck and Cover.

Oh, and Phizer is laying off another 250+ employees in Kalamazoo by the end of the year.

Yippie. / sarc


17 posted on 07/14/2008 3:48:55 PM PDT by Kieri (Midwest Snark Claw & Feather Club Founder)
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To: BooBoo1000

“get rid of all of those dead beat union workers, who have refused to work with GM in reducing costs”

While they are at it they might want to get rid of all those deadbeat mid and upper level management people.

Don’t get me wrong: I’m NOT pro union, but after working in the auto industry as an engineer, I can state with some authority that incompetent, egotistical, arrogant, “yes men” managers are at least as much to blame.

The big three have had warnings for YEARS that foreign quality was beating them. They failed to respond and are paying for it.

This is the country that put men on the Moon, but we cannot design a rear view mirror that stays where it is put???!@!!

Why is that?

Answer:

We can save 45 cents per vehicle if we use a molded plastic part instead of the milled aluminum mount.

“Engineering says that’s not adequate, but what do they know? Besides that, I’m the Boss.”

“I’ll be promoted because I saved the company $123,000 by using the plastic part. That’s what I’m evaluated on!”

Multiply that example by thousands of times and you have the pieces of sh*t that Detroit has been selling to Americans for years when they had no other choices.

People have other choices now.

The problem is NOT all deadbeat union workers.


18 posted on 07/14/2008 3:55:29 PM PDT by EEDUDE
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To: Westlander
My sister started to work the line for GM as a Temp Employee last year. She made $30 per hour with no benefits.

The Union and GM hacked out a new contract and then spread a bunch of lies about much of the details to the employees. The Union scheduled their meetings so it was nearly impossible for the members to attend before or after their shifts.

Anyway, the Temps on-board were told they would all become full time members at $30 per hour but then they laid them all off last December or so and brought them back a few weeks ago at the new contract rate of $14 per hour.

GM is busy now buying out as many old workers as possible and flooding the lines with the cheaper Temps.

I think that soon there will only be a core handfull of workers (line leaders and such) that are full time permanent and the rest will forever be Temps with no benefits and with the ability of GM to let them go at any time.

Now lets see if they can reduce the price of their vehicles to reflect some of this savings after they get their financial ducks in line.

19 posted on 07/14/2008 3:55:54 PM PDT by OldMissileer (Atlas, Titan, Minuteman, PK. Winners of the Cold War)
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To: NathanR

GM sold off GMAC some years ago....


20 posted on 07/14/2008 4:02:31 PM PDT by BurbankKarl
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