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GM and Chrysler didn’t fail. They got out completed on quality as their management took advantage of the US consumer to always buy American. The Japanese auto makers focused on building a better car.
What with the higher wages and better benefits and all. . .
GM and Chrysler didn’t fail. They got out completed on quality as their management took advantage of the US consumer to always buy American. The Japanese auto makers focused on building a better car.
Unions in the past won hard found wages, safety measures and the 5day week.
They still are needed today as billionaire’s claim they can’t compete unless the worker is exploited for the company.
LOL...that literally might be the dumbest post I've ever seen on here. Most employers absolutely LOVE their best workers! You've obviously never owned a business and I'm guessing you've never been viewed by anyone as one of their best workers!Working really hard doesn't get one very far. It's all about who you know. Most employers have a hatred for their best workers.
HilariousHave worked at a GM facility and talked to the people there, quality a function of cost.
If you have to pay dramatically higher prices to cover a union contract, that money has to come from somewhere, and usually it's quality.
I'm not sure why that's hard to understand.
Only if Mit Romney was elected president.GM didn't go bankrupt ?
No they do notLOL...that literally might be the dumbest post I've ever seen on here. Most employers absolutely LOVE their best workers! You've obviously never owned a business and I'm guessing you've never been viewed by anyone as one of their best workers!
Wrong, the shareholders and the government were paid in full.Actually, both Chrysler and GM did fail, they fell into bankruptcy and the Obama regime bailed out the UAW so they could be reorganized and they wouldn't lose their union contract.
Share holders, as well as creditors , got fucked over. Even those creditors who supposedly had loans secured by property.
You've never owned or run a business...have you?No they do not
I'm sorry Otto but that's not what happened. Go back and research your claim.Wrong, the shareholders and the government were paid in full.
Only if Mit Romney was elected president.
www.forbes.com
Is it that obvious?????You've never owned or run a business...have you?
The Auto Bailout 10 Years Later: Was It the Right Call?I'm sorry Otto but that's not what happened. Go back and research your claim.
From YOUR cited article, Otto...
Honda is not unionized.Hilarious
Was the difference between a Honda and a GM/Chrysler vehicle just a cost thing?
Honda has a Union too.
Yes they do. If they know who they are. Which not all do. But if they know who the best employees are, they bend over backwards to keep them. I have personally had managers actually come and asking me multiple times to stay on, and offer me pay raises to stay in my position. Because I was the best they had, and they knew it.No they do not
WHAT??!Wrong, the shareholders and the government were paid in full.
www.cbsnews.com
Dude, 3 million American people associated with the auto industry still had jobs because of President Obama.WHAT??!
You are crazy. You absolutely insane sir.
Ask Matt: Does new GM owe old GM investors?
Can old GM investors get money from the new GM?www.usatoday.com
"But, unfortunately for shareholders in the old GM, the relative safety of the new GM's stock is of no value to them. Shares of the old GM are canceled."
Paid in full? What are smoking? Time to stop doing drugs my friend. Your mind is showing signs of illness.
Winners And Losers In GM Bankruptcy
Auto Workers, Taxpayers, Bondholders Have Much Riding On Expected Deal; CBS MoneyWatch's Jill Schlesinger Sorts It All Out
TAXPAYERS: Washington has pumped $20 billion into GM already, and it seems likely some 50 billion more taxpayer dollars will be heading into company coffers.
Thanks to how this bankruptcy was done, we don't actually know for certain how many billions GM got, contrary to the claims.
And you think we got it all back? How do you know?
And lastly the Bondholders.
GM bondholders are owed $27 billion. Now, GM is offering them 10 percent equity in a new, reorganized company.
Now this article, is clearly stupid. They claim the bondholders are winners, because they got 10% of the company. This is just another example of how idiotic and worthless our news outlets are.
Bondholders were given 10% of the company, in exchange for letting go of $27 Billion they were owed. You know how much 10% of GM is worth TODAY? $5 Billion. And that's TODAY. Back in 2008, shares were selling for $27, instead of $45 today.
Everyone was paid back? Really? REALLY? Time to get off the drugs my friend. It's messing up your mind.
Not true. That is just flat out not true.Dude, 3 million American people associated with the auto industry still had jobs because of President Obama.
Hell ya we got our money back.
