GM White Collar workers: BLACK TUESDAY looming.

[RU482]

On Wednesday, GM reached a deal with the United Auto Workers to offer more than 100,000 early retirement packages to hourly workers as part of a plan to cut 30,000 North American factory jobs by 2008.

anyone see a problem with these numbers

 

[BDawg]

Not at all. Looks like some lucky people get 3 retirement packages!

 

[AMDZen]

Originally posted by: brandonbull
do people really consider resale value when purchasing a car/truck? i never even think of that.

Are you serious?

Hell yea I think of that, in fact its probably in the top 3 most important aspects of buying a car. Thats why I don't buy new, first of all. And thats why I would never, ever in a thousand years buy a brand new GM car. I've never kept a car I've owned longer then 4 years and I don't plan to start now. Why would I buy a GM car brand new for say $25,000 when it will be worth $12,000 within two years, and probably worth $5,000 when I choose to sell it.

No thanks.

As I mentioned earlier in my thread, I've owned two Honda's - both of my latest daily driven vehicles. The 93' Prelude I used to have I sold for more then I paid for it 3 years after I bought it. The Civic I have currently will sell for only $2k less then I paid for it 4 years ago and after putting 30k miles on it.

I've thought about selling it and getting another Prelude, unfortunetely Prelude's hold their value SOO well, that the ones I'm looking at (2001 with low miles) are still worth around $16k, so I'm saving up for one. Thats a 5 year old car that sold for $22k brand spanking new, thats STILL worth $16k with around 40-50k miles on it.

 

[AdamK47]

Originally posted by: spikespiegal

I'll be buying GM as long as they commit to making the new Camaro and GTO. Nobody does RWD muscle like GM does with their small block V8s and yet still prices them reasonably. I like the brash unapologetic grunt and tire pealing power of a strong RWD car.

Especially the brash way the resale value declines 50% when you drive it off the lot.

That 91' Honda Civic you just blew by on the highway gets double your gas mileage and has already 4x the mileage before you'll be replacing major engine parts because of shoddy assembly.

Yup, you're a bad ass all right. Untile you hit the first fork in the road and the little Japanese sedan passes you because he has better handling.

My Dad used to drag-race his 71' Cuda yearsa ago, and could pull a quarter mile in about 11 seconds pinning your brains to the seat. THAT was horsepower. Dad now owns a Toyota Camry and Honda Accord and woulnd't won a domestic car if you forced him. I just guess some people don't grow up.

What do you know about the LS1 and LT1 that I don't know? It seems from your post that you have insider knowledge on the process used to assemble these engines. If I could, I would like to discuss this with you and hopefully gain some knowledge. I'm sure with the vast knowlege you possess that we would only be able to graze the surface. It would be very informative for me none-the-less and exciting to hear from an expert on these engines. Oh, how I long for a time when I could suckle from your plump ripe teet of glorious knowledge. The thought of it gives me a refeshing tingle across my spine, giving me the awareness that I have a purpose in life. A purpose in life to dive deep into your mind and retrieve the gems of information locked away for only a select few to gather. I fear though that I may not be worthy of such an endeavour. That my love of such things only a commoner would indulge in might exclude me from partaking in this almost holy event. I implore you to have kindness upon me and fulfill my wish. I will be complete only until this meek wish of mine has been fulfilled.

 

[RiDE]

Oh look another pissing contest. :roll:

 

[AdamK47]

Originally posted by: RiDE
Oh look another pissing contest. :roll:

Where do you see that?

 

[BDawg]

Any updates?

 

[iamwiz82]

Originally posted by: BDawg
Any updates?

They are not releasing numbers, but the severence package includes 1 month salary per year of employment.

 

[MattCo]

Originally posted by: iamwiz82

Originally posted by: BDawg
Any updates?

They are not releasing numbers, but the severence package includes 1 month salary per year of employment.

Wow, thats not bad.

-MC

 

[Fenixgoon]

Originally posted by: TerryMathews

Originally posted by: Cattlegod
32% of american white collar jobs lost from GM since 2000.

Thanks for buying toyota guys.

Oh yeah, like it's Toyota's fault that GM is a poorly run company.

qft... as much as you want to blame competitors, GM/ford/chrysler have shown very little intiative until recently to improve product quality. they're trying to get on track, and i applaud them for that (and would also like to buy an 'american' car), but they still have a way to go

 

[CPA]

Originally posted by: ValkyrieofHouston

Originally posted by: CVSiN

Originally posted by: Cattlegod
32% of american white collar jobs lost from GM since 2000.

Thanks for buying toyota guys.

hey If GM made a car as good as a toyota instead fo the garrbage they do produce...

and on top fo that killed the Trans Am and the Camaro.. studid fvcks...

yah keep building those 20 ton gas eating sloburbans... and taHOEs and that Fugly avalanche.. whomever is runnign GM has run the company into the ground..

Agreed, GM is a very poorly run company.. and my question is why don't they cut back on the Executive salaries and hire a better CEO to run that company? They may be laying off white collar workers but not the top paid execs. It is my understanding that overall car sales across the country have maintained and done well.

Because you don't just look at salaries when reducing costs. You look at overhead, taxes, benefit costs, etc. Cutting execs pay is popular, but will do squat in the long run.

 

[DougK62]

Originally posted by: AMDZen

Originally posted by: brandonbull
do people really consider resale value when purchasing a car/truck? i never even think of that.

Are you serious?

Hell yea I think of that, in fact its probably in the top 3 most important aspects of buying a car. Thats why I don't buy new, first of all. And thats why I would never, ever in a thousand years buy a brand new GM car. I've never kept a car I've owned longer then 4 years and I don't plan to start now. Why would I buy a GM car brand new for say $25,000 when it will be worth $12,000 within two years, and probably worth $5,000 when I choose to sell it.

No thanks.

As I mentioned earlier in my thread, I've owned two Honda's - both of my latest daily driven vehicles. The 93' Prelude I used to have I sold for more then I paid for it 3 years after I bought it. The Civic I have currently will sell for only $2k less then I paid for it 4 years ago and after putting 30k miles on it.

I've thought about selling it and getting another Prelude, unfortunetely Prelude's hold their value SOO well, that the ones I'm looking at (2001 with low miles) are still worth around $16k, so I'm saving up for one. Thats a 5 year old car that sold for $22k brand spanking new, thats STILL worth $16k with around 40-50k miles on it.

I don't disagree entirely with what you're saying, but throwing out prices for your precious Hondas that are way out of line for the market are not helping your cause.

I've seen mint late-model Preludes on dealer lots for several thousand less than the $16k that you claim, and you know you can get them several thousand dollars cheaper still by buying from a private party. Your 99 Civic Si with 75k is worth nowhere near $10k. A friend of mine recently bought a blue one with 68k miles for $5900.

 

[JS80]

Originally posted by: Cattlegod
32% of american white collar jobs lost from GM since 2000.

Thanks for buying toyota guys.

japan is a US annex so it's ok to buy japanese.

 

[Snoogums Boogums]

When will the moronic management at GM realise that building crappy vehicles in third-world countries but try to charge first-world prices for them, nobody in their right mind will buy them.

Lay down your crack pipes people.

 

[Liviathan]

Anyone here get laid off today?

 

[CorCentral]

Without even mentioning the mechanical or engine parts of the cars, the insides of most $20-25k Domestics look cheap as hell. I looked at ALL cars before I bought in '04 for under 25k and nothing compared to the Mazda6i for sportiness & handling........ NOTHING. No car in it's class other than a couple other foreigns had the gas mileage either. I get an easy 25+ in mixed driving. Did a roadtrip from FL to IL and back and averaged 31mpg.

I test drove alot of cars, Foreign and Domestic and found that most of the domestics were not as tight in corners as the foreigns. Although the ride in domestics was cushier and looser, it was'nt what I was looking for in a "SPORTY car" Too bad Nissan does'nt make anything in the "SPORTY" mid-range. There's the 350z but not for 22k **LMAO**

Also the tolerances just are'nt there with Domestics. Look at the door, trunk and hood seams. Domestic +/- .5in ---- Foreign +/- .125 (not exact but you get the point)


Edit.......... NISSAN---- Please bring back the 240sx!!!!!

 

[brandonbull]

Originally posted by: DougK62

Originally posted by: AMDZen

Originally posted by: brandonbull
do people really consider resale value when purchasing a car/truck? i never even think of that.

Are you serious?

Hell yea I think of that, in fact its probably in the top 3 most important aspects of buying a car. Thats why I don't buy new, first of all. And thats why I would never, ever in a thousand years buy a brand new GM car. I've never kept a car I've owned longer then 4 years and I don't plan to start now. Why would I buy a GM car brand new for say $25,000 when it will be worth $12,000 within two years, and probably worth $5,000 when I choose to sell it.

No thanks.

As I mentioned earlier in my thread, I've owned two Honda's - both of my latest daily driven vehicles. The 93' Prelude I used to have I sold for more then I paid for it 3 years after I bought it. The Civic I have currently will sell for only $2k less then I paid for it 4 years ago and after putting 30k miles on it.

I've thought about selling it and getting another Prelude, unfortunetely Prelude's hold their value SOO well, that the ones I'm looking at (2001 with low miles) are still worth around $16k, so I'm saving up for one. Thats a 5 year old car that sold for $22k brand spanking new, thats STILL worth $16k with around 40-50k miles on it.

I don't disagree entirely with what you're saying, but throwing out prices for your precious Hondas that are way out of line for the market are not helping your cause.

I've seen mint late-model Preludes on dealer lots for several thousand less than the $16k that you claim, and you know you can get them several thousand dollars cheaper still by buying from a private party. Your 99 Civic Si with 75k is worth nowhere near $10k. A friend of mine recently bought a blue one with 68k miles for $5900.

I've purchased several cars and I have never once considered what the resell value will be in a few years. I always get several parking lot dings. I consider purchasing a car a sunk cost. I would be under the impression that a 5yr old car only retains ~73% of it's purchase value if it is in MINT condition. How many MINT condition 5 yr old preludes are around.

 

[BrokenVisage]

What happen ?? Did someone at GM set them up the bomb !!

 

[bernse]

I bought a Chevy truck. It was made in Mexico.

I thought I would give buying a GM a try. I won't make that mistake again. The thing rattles and bangs more in the 1-1/2 years old than my 8 year old Nissan did. That being said, I was a fool for buying a non-japanese brand vehicle (either made in NA or Japan) and I won't likely make that mistake twice.

GM deserves everything it has coming to it. I feel sorry for the workers though, I don't like anyone out of a job.

 

[latino666]

Originally posted by: iamwiz82

Originally posted by: BDawg
Any updates?

They are not releasing numbers, but the severence package includes 1 month salary per year of employment.

In November, GM said it would reduce its 36,000-strong U.S. salaried workforce by 7 percent in 2006 by cutting both company employees and contract workers. The cuts are one piece of the automaker?s sweeping plan to restructure its North American auto business, whose falling sales and one-time charges contributed to GM?s $10.6 billion loss in 2005.

GM also plans to close or downsize about a dozen plants and cut 30,000 hourly jobs in North America by 2008. A historic agreement reached last week with the United Auto Workers, which will offer buyouts to all 113,000 of GM?s factory workers, will help GM hit the target. GM said it would offer buyouts to its U.S. hourly workers of between $35,000 and $140,000.

http://www.detnews.com/apps/pbcs.dll/article?AID=/20060328/UPDATE/603280423

I'll edit this later. 5 oclock news will be all over this in Detroit

 

[latino666]

Originally posted by: Skold
I heard Detroit is just one big slum city now. Is that true?

Lets see high city taxes, MI economy sucks, a Mayor that just wants to party, and a supposed rebirth of the city that is 5 years behind schedule.

 

[AdamK47]

Originally posted by: latino666

Originally posted by: Skold
I heard Detroit is just one big slum city now. Is that true?

Lets see high city taxes, MI economy sucks, a Mayor that just wants to party, and a supposed rebirth of the city that is 5 years behind schedule.

Moving from Michigan was the hardest and yet best thing I've done in my life. Being unemployed in a horrible job market forced me to move from the state I've lived my whole life in.

 

[jjyiz28]

Originally posted by: MBrown
I really don't understand this. Does Toyota use better plastics in their interior? A different grade metal? IMO they use the same materials to make a car so I don't understand how someone can say Toyota is more quality than GM or any other American car company exept for maybe Chrysler.

i think its shoddy workmanship. japanese workers care about the product they make and put effort it making sure that all the bolts are tightened to exact specifications. etc.. while union workers don't really give a sh1t and twist a bolt w/o checking or caring of the bolt is too loose or too tight.

 

[Ulfwald]

I have a Dodge Dakota. It is just the legacy of the 80s that people remember about GM.

 

[AdamK47]

Originally posted by: jjyiz28

Originally posted by: MBrown
I really don't understand this. Does Toyota use better plastics in their interior? A different grade metal? IMO they use the same materials to make a car so I don't understand how someone can say Toyota is more quality than GM or any other American car company exept for maybe Chrysler.

i think its shoddy workmanship. japanese workers care about the product they make and put effort it making sure that all the bolts are tightened to exact specifications. etc.. while union workers don't really give a sh1t and twist a bolt w/o checking or caring of the bolt is too loose or too tight.

Where do the workers come from that work in the Japanese owned US plants?

http://www.toyota.com/about/operations/na-affiliates/index.html