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GM, UAW agree on tentative labor contract that could end a monthlong strike by 48,000 workers
CNBC ^ | 10/16/2019 Published an hour ago Updated Moments Ago | Michael Wayland

Posted on 10/16/2019 9:28:04 AM PDT by Red Badger

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1 posted on 10/16/2019 9:28:04 AM PDT by Red Badger
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To: Red Badger

UAW are major stockholders in GM. Some sort of fraud here.


2 posted on 10/16/2019 9:29:06 AM PDT by Vaquero ( Don't pick a fight with an old guy. If he is too old to fight, he'll just kill you.)
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To: Red Badger

Given the GM crap foisted upon me during the 70s, I have absolutely no interest in EVER purchasing one of their products again. (I exclude my corvettes especially the ‘67 427 coupe I had. Yup stupid selling it!)


3 posted on 10/16/2019 9:34:50 AM PDT by Da Coyote
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To: Red Badger
Any "gains" for Union workers will not offset their losses from the strike.

GM benefits by limiting the projected excess inventory for 2020.

4 posted on 10/16/2019 9:36:16 AM PDT by G Larry (There is no great virtue in bargaining with the Devil)
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To: Red Badger

GM engineers did its best design work since the 60’s on the new Corvette.
It has shaken the sports car market to its foundations.

And then the Union trashes its plans.


5 posted on 10/16/2019 9:37:01 AM PDT by Zathras
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To: Da Coyote

it would be worth a small fortune today!......


6 posted on 10/16/2019 9:38:39 AM PDT by Red Badger (Against stupidity the gods themselves contend in vain...................)
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To: Red Badger
The deal is likely about two weeks away from being finalized. It still needs approval from local union leaders and GM’s 48,000 UAW members, who’ve been on strike since Sept. 16.

By definition, none of these guys are working. What else are they doing that prevents the union from getting their approval within a day or two? It's going to take them half as long as the strike just to make a decision on the offer?
7 posted on 10/16/2019 9:40:09 AM PDT by chrisser
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To: chrisser

Takes time to sell it to the R&F..........


8 posted on 10/16/2019 9:43:16 AM PDT by Red Badger (Against stupidity the gods themselves contend in vain...................)
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To: Red Badger

The UAW is always ready to party like its 1969.


9 posted on 10/16/2019 9:44:57 AM PDT by Buckeye McFrog (Patrick Henry would have been an anti-vaxxer)
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To: Red Badger

This is horrible news for the Rat party.


10 posted on 10/16/2019 9:46:08 AM PDT by Kahuna
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To: Red Badger
I guess we have to wait to see the results, but this looks like a classic situation where GM may sign contract that will come back to bite them in the ass.

The Union has been pointing to all the money GM has been making since 2009, and arguing for "its share". The problem is that time period covers the longest peacetime expansion in history, when earnings are going to average higher than they will long-term. Wage rates/benefits/promises that may seem sustainable right now may look quite different when the inevitable downturn hits.

But...I suppose we're have to wait and see the deal itself because seeing if GM made promises it won't be able to keep.

11 posted on 10/16/2019 9:50:45 AM PDT by Bruce Campbells Chin
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To: Da Coyote

And the crap continued into the 80s... #metooGMcrap.

And their new cars are probably just as “crappy.”

They ripped me off, sold me a POS, and then refused to work with me to make it right. I’ll never forget nor forgive and that was 30 years ago.


12 posted on 10/16/2019 9:51:43 AM PDT by dhs12345
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To: Zathras
One would think that with happy well paid workers, ie because of the Unions, that the cars would be well built.

A number of the problems with my car were stupid assembly issues but there were some design flaws with it too. Some safety related.

I suspect that GM management looked at the issues with my car and decided the ride out the lawsuits and not recall the car for the problems. It was a business decision to cut corners in quality in the first place and then a business decision to not fix the problems — two strikes and you are out!

The whole GM organization were lazy and didn't care about their customers.

13 posted on 10/16/2019 9:59:22 AM PDT by dhs12345
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To: Red Badger

I was talking to a co-worker last night, a early 50ish guy like me and we both agreed that GM and Chevy needs to pay for and bring back the IROC-Z Camaro.
Make it affordable and that car will sell like crazy.
what other piece of crap do they plan on selling?


14 posted on 10/16/2019 10:15:27 AM PDT by mowowie
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To: mowowie

My wife’s brother-in-law’s father owned two of them.........


15 posted on 10/16/2019 10:17:36 AM PDT by Red Badger (Against stupidity the gods themselves contend in vain...................)
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To: Red Badger

Those cars were the hottest thing on the road back in the second half of the 80’s.
Everybody liked them and wanted to own one.

I had friends that both had Iroc’s and Formula 350’s.
With the WS6 suspension package those cars were pretty damn sweet.
been on some reallly terrifying runs in those cars..
lol....lucky to still be alive..

Myself as a young 18-early 20’s guy i owned Two sweet mint Z-28’s a silver 78 and a gold 1980 4 speed with T-Tops.
really miss those cars.
Cruising around on those summer nights with the roof off...so nice.
according to the internet they are part of the new wave of collectables.
Sold the 80 Z for 1,500 bucks in great condition....now going for many Thousands.
ugh....


16 posted on 10/16/2019 10:34:59 AM PDT by mowowie
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To: Red Badger

Depending upon condition and rarity, $50k-$300k.


17 posted on 10/16/2019 10:37:10 AM PDT by gogeo (The left prides themselves on being tolerant, but they can't even be civil.)
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To: dhs12345
Rust! GM!...Mark Of Excellence!
18 posted on 10/16/2019 11:04:18 AM PDT by RckyRaCoCo (Please Pray For My Brother Ken)
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To: RckyRaCoCo
Our car didn't even have a chance to rust. We dumped it when the 12Kmile warranty had expired.

We fought with GM to fix the defects and then realized that GM was planning to abandon us once the warranty had expired. They started the BS of claiming that the defects were not covered because our warranty had expired — the same defects that they failed to repair UNDER warranty. It became a pi$$ing contest.

My wife almost got into two accidents because the POS stalled out on her when she was crossing traffic. It became a threat to our life and limb.

When we drove it to the dealership to trade it in, the rear end was making a strange clunking noise. Didn't sound good.

19 posted on 10/16/2019 11:31:14 AM PDT by dhs12345
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To: dhs12345

Buy a mint low mile 3 yr old Toyota for 1/2 sticker price and be happy for the next 15 yrs....
I did


20 posted on 10/16/2019 11:41:00 AM PDT by mowowie
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