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.

Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era -- Ignore unavailable to you. Want to Upgrade?

To: DRM who wrote (516)	7/15/1998 10:24:00 PM
From: porcupine --''''>	Read Replies (2) \| Respond to of 1722

What all the talk about the 80% decline in GM's profits ignored is that GM cut costs another $1 billion last quarter. GM's costs have nowhere to go but down, and it's competitiveness nowhere to go but up. << Far East ... Small GM sales but they were triple whammied with currency devaluations.... Meanwhile GM continues investing heavily in more than a half dozen locations. >> My impression from the financial press is that, on balance, the local currency revenues stay there. << In many plants 30%-40% of the workers are eligible to retire in the next 5 years..... >> Right, and they are not going to be replaced. The estimated savings is in the neighborhood of $4 billion annually. << Styling .... You be the judge >> OK. The Riviera ranks with a sculpture by Brancusi --'''':> << --- a 20 something year employee of GM ---- >> So, what's your view -- can GM and UAW forever resist the forces of economic rationalization that are reshaping everything else in the world?