no snitching
Title should read 6 parts. Still early here & I need another cup of Java. LOL
They don’t need any bailout. Cut and cap all executive pay at $300,000 or less until they become profitable. Then watch profitability increase. They already know what they have to do. There is presently just no incentive to do it.
This guy lost me on number 5, the unions.
The unions have basically told these people go blow. when it comes to “giving up”.
The big three should bankrupt and move to a right to work state without Grandholm strangling the state as well.
...
The citizens
Interesting article for a quick summary. BUT...Is it just me (it’s early here) or is this article full of mistakes such as incorrect words and grammar? Makes me question the reliability of any of the facts as stated.
Detroit never really understood the baby boom market, nor did they ever make any serious attempt to do so. In the 1960’s and 1970’s, when boomers wanted reliable, good handling, economical cars, Detroit made gas guzzling, expensive, unreliable, floating boats. Germany and Japan stole the market, and gained brand loyalty that they still have from boomers. When Detroit did deign to make economical cars, they were junk. (pinto, etc.)
When boomers got jobs, and wanted something more upscale, Germany and Japan was there with Mercedes, BMW, Lexis, Infinity, etc, and Detroit was still making junk.
Now they want us to bail them out, and they still aren’t giving the baby boomers what we want. I will admit, that, for a time, they stumbled into the SUV market, but even that was successfully invaded by foreign companies. How can any company do business when it ignores a market that is 70 million strong?
BTW, I have a Chrysler, you buy American nuts can get off my back. But it is the first American brand I have bought since my piece of crap 1975 Camaro.
What’s really killing Detroit? There’s only three parts, and they’re all Democrats:
U, and A, and W.
A retired autoworker called Rush the other day. Guy was 57 and had been retired for 2.5 years. He was complaining the the pension really wasn’t that big and he had to go out and get a part time job.
Age 55, retired with a pension and paid health care benefits.
How many regular Dick or Janes can retire at 55 with a pension and health care benefits?
Detroit Michigan. Highest crime rate in U.S. Highest unemployment rate in U.S. Highest High School Dropout rate in U.S. Sitting Mayor sent to jail )And they keep electing the same kind of people). Now with their biggest employers about to go belly up, do we put a wall around the city and just transport all of our criminals there and let them fend for themselves?
I know, I also worked on the line for several months.
GM management made contractual benefit agreements that they KNEW THEN would eventually bankrupt the company, but they were all making a fortune and they didn't care. Now they whine.
1. GM should just leave the North American market (for now). It is one of the market leaders in Europe; it IS the market leader in China (Buick and Chevy top 2 selling brands) and it is investing as heavily for the future in China as it once did here; it is building up to be a major player in India.
2. Ford and Chrysler should merge.
3. Toyota should re-incorporate as a U.S. company - it’s largest market.
4. And, after the Obamabots further degrade Ford and Toyota, in about ten years, GM can enter the U.S. market again with it’s China imports.
no snitching