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Topic: All High-Performance GM Vehicles On Indefinite Hold (Read 4576 times) previous topic - next topic

All High-Performance GM Vehicles On Indefinite Hold

Reply #15 –
Quote from: HAVI;259077
If they didn't have to support all the UAW workers and retirees.


So I guess Henry Ford's idea of paying his workers a relatively high salary was a bad idea?

Maybe you meant to say this instead?
If they didn't have to support all the overpaid executives and management ...
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Twin '85 TCs
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#1 (left): undergoing top-to-bottom rebuild     
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All High-Performance GM Vehicles On Indefinite Hold

Reply #16 –
The executives and managment aren't the only ones who are killing the company.  When an employee can retire with full benefits at age 48, how do you honestly expect the company to be able to fund that?  The manufacturers end up dumping so much money into the retirement and health care funds they have to raise the costs to make up for it.  I'ts simple economics. You simply cannot fund the benefits of the retiree's and the current employees without the money coming from somewhere.  That somewhere is the consumers products. Simple solution: don't buy the  cars.
Oh wait, that's already happening. Hence the need for a bailout package.
88 TC 5speed, 168000+ miles, stock 2.3T long block, ported RFE6 exhaust, Evergreen T3 running 15#'s.
Up next: FMIC, fresh air intake, ported intakes, ported big valve head.

All High-Performance GM Vehicles On Indefinite Hold

Reply #17 –
I don't fault the workers for wanting better pay and health benefits.  I know I do.  But added up, they make about $80.00 an hour  (better than most in the US) and according to news sources, it takes 3 employees now to pay the retirement for 1.  A retired worker was on the news (caller on the radio during another person's news story) saying he was collecting his pension for 40 years....longer than he worked there, and I forget the amount, but it was outrageously high.  He said he was willing to take a 2/3rds pension cut to allow current workers to keep their jobs.  (this was before the first big 3 bailout hearing) He went on to say a few other things about the union and how they could save the co. they worked for.  The reporter asked him what his name was.  He replied, " Are you crazy!!  They would kill me!"  so given that, and all the current workers gripes, I have little sympathy for them.  The managers are on a whole 'nuther level.
1987 TC

All High-Performance GM Vehicles On Indefinite Hold

Reply #18 –
Quote from: t3skidoo;259109
So I guess Henry Ford's idea of paying his workers a relatively high salary was a bad idea?

Maybe you meant to say this instead?
If they didn't have to support all the overpaid executives and management ...

That idea worked great, when there was no such thing as international competition. If you think foreign makes don't have heavily overpaid executives, you're dreaming. The cost disparity is on the production side.

I don't think they'll cease all production, Cassidy. Since cutting production, firms like Mitsubishi are already increasing again, after clearing enough inventory to keep lots full. GM is already clearing inventory and has slashed production by vast amounts. I think they'll get to their target supply numbers by mid summer. I don't think it will ever go back to what it was, though. And that's a good thing. We just have too many frigin' cars on the road. There's no reason we have to replace one every three years either. That kind of marketing was killing the industry.

Here's a simple solution to a huge problem. Universal Health Care. (OMG, he's a Commie!)