Posted on 04/27/2009 5:26:09 AM PDT by Kieri
DETROIT (WXYZ) - General Motors is reportedly cutting 21,000 hourly jobs and the entire Pontiac brand in what is being called a major restructuring effort.
The plan is expected to be formally announced in a 9:00 AM news conference
WXYZ.COM WILL PROVIDE LIVE STREAMING COVERAGE OF THE EVENT
Stay with Action News and WXYZ.com for the latest on this breaking news.
What are the chances that the UAW membership will accept responsibility for their own greed and refusal to face reality in the loss of another 21,000 jobs?
I thought so.
Does anyone think the Government Motors experiment will end well, for anyone?
They can build Volgas. but can they sell Volgas ...
Chrysler and GM should never have taken federal funds...and we can all blame Bush for that.
These companies should have gone through chapter 11 last year and restructured to eliminate the bleeepin unions.
I had an ‘85 Grand Prix. What a great car!!
It’s difficult to make a profit in the auto industry if one’s sales are below the breakeven point. Two ways to fix - increase sales, cut costs to lower the breakeven point.
Really? You can blame Bush? Bush simply released loans that had been approved by Congress way before this fiasco. Get your facts straight!
I had a 1990 Grand Prix. It had some tweaky problems but it was so much fun to drive. We had to abandon the two-door routine when our son was born.
My dad is a GM retiree and our economy in MI is horrible, so I’ve been keeping an eye on the the not-so-big three. The consensus is that they should NEVER have made a deal with the governmental devil.
Sorry to hear that. Some Pontiac models are very popular and well-built, most notably the G-6, which I drive now.
It hasn’t happened in Dayton OH where multiple GM plants sit idle surrounded by acres of empty asphalt.
The Dayton Daily News still employs an editorial board that trots out happy-face Marxism on a regular basis. Either they take a different route to work or in the end they don’t care about the unions or GM as long as the bad old GOP is held at bay.
Sad. I wanted to pick up a G8 but the prices aen’t so high they were out of my range. I just looked at a new RS Camaro. Pretty as a pin in red and black. Three hundred horse V6 unit. It stickered at 28K plus, almost 29K really, and the 3K of extra dealer profit put it over 31K. It was a nice car but it wasn’t 31K nice nor 28K nice either. The original price sheets I saw had this unit at about 24K. GM better better get a sense of what the public is willing to spend or they are done.
It’s hard to believe that they’d cut Oldsmobile and Pontiac, but keep BUICK! LOL. Guess they know what they are doing, though.
I have my facts straight pal
Bush, as much as I would vote for him again and again over almost any democrat I can think of..is a friggin RINO in many ways(not all) and he and his administrated brought on this socialist crap near the end of his term.
please get your head out of your @$$!
Link to a 1968 Firebird:
http://www.seriouswheels.com/pics-1960-1969/1968-Pontiac-Firebird-Red-Blower-s-sy.jpg
Now THAT’s a car.
There’s also an old movie from 1992: “God Drives a Pontiac.”
http://www.vh1.com/movies/movie/92793/plot.jhtml
Article from the Columbus Dispatch with map on GM locations:
http://www.dispatch.com/live/content/business/stories/2009/04/27/gm.html?type=rss&cat=&sid=101
THe map of GM locations in Ohio:
http://www.dispatch.com/live/content/business/stories/2009/04/27/graph.html
Don’t forget all the tire, glass, tool & die, etc. support facilities throughout the midwest that support Detroit. These changes/closings are chopping up lots of places. I have heard tell that overtime at Honda around here is cut way back, as are employees now. The overtime cutback has caused financial hardship, as people had worked it for years. Someone I know tells us related business clients are closing daily.
Your post had not one fact — just hysteria! Get back with facts! I already posted facts to you.
Of course they know what they’re doing!
They’re taking billions of government money, shutting divisions and laying off tens of thousands with bankruptcy still looming!
That’s a sign of a highly successful business and true competence!
Well in 2007, Buick tied Lexus in the 3-year reliability ratings by JD Power.
In 2008, Buick and Jag tied for the top spot.
http://www.huffingtonpost.com/2009/03/19/jaguar-buick-reliability-_n_176755.html
(sorry to send you to HuffPo!!!)
Still not enough. Why not go with the Toyota/Lexus, Nissan/Infiniti, Honda/Infiniti model? Go with Chevy/Cadillac move all truck sales to Chevy, dump GMC. Now is not the time for half measures
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