Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (436378)	11/23/2008 6:32:27 PM
From: combjelly	Read Replies (1) \| Respond to of 1573957

"No, what you know about is what you read about in the media lately since the economy has tanked." Wrong. I have been talking about this for years. It isn't a new phenomena.

To: i-node who wrote (436378)	11/23/2008 8:00:33 PM
From: Alighieri	1 Recommendation Read Replies (2) \| Respond to of 1573957

The simple, plain truth is that nonunionized automakers are doing better than the unionized ones, but the unionized ones are those who are in the worst shape (the big 3) because of the high cost of union labor. If the others were facing labor costs of double or triple what they are, they'd be facing the same problems. These guys have been spending millions lobbying CAFE standards in washington and for years republicans have gladly obliged them. If Toyota was building 25 flavors of SUVs and Hummers when oil hit $145 dollars a barrel, it too would have little to fall back on for survival. With their business model, $4 a gallon gas is lethal. Add a severe downfall in the economy and they are quickly in a death spiral. Unions part of the problem? Probably...but the key reason for their downfall...doubtful. One more thing...flying corporate jets to washington to beg for a bailout may have minor economic value but it has immense public relation disaster potential, as we have learned. That simple misjudgment tells volumes about the incompetence of the people who run these companies...and your defense of them is typical. Anything these executive morons try to peddle should be suspect and any lifeline should include concessions from all sides, including unions, and the immediate dismissal of the executives who, more than any other entity, have put these companies on the path to extinction. Al

To: i-node who wrote (436378)	11/23/2008 8:05:00 PM
From: tejek	Read Replies (1) \| Respond to of 1573957

The simple, plain truth is that nonunionized automakers are doing better than the unionized ones, but the unionized ones are those who are in the worst shape (the big 3) because of the high cost of union labor. If the others were facing labor costs of double or triple what they are, they'd be facing the same problems. Read the history of GM....it wasn't doing well long before the unions were a problem. In fact, the unions became a problem only when GM starting losing profitability. American loyalty to the GM brand was the only thing that kept GM going for a long time. Ironically and in spite of that loyalty, GM designed and built cars to fall apart after a certain of time.....in other words, openly screwing their customers. When the Japanese improved the quality of their products, mnot surprisingly Americans began to migrate to those brands in large numbers. Let's face it......GOPers are not good at business......and they tend to be dishonest to boot.