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.

Non-Tech : GM - General Motors -- Ignore unavailable to you. Want to Upgrade?

To: M CAHILL who wrote (111)	7/29/1998 4:52:00 AM
From: Thomas Haegin	Read Replies (1) \| Respond to of 543

Just do the maths :-) a 1% improvement in profit margins with revenues of $175 bn a year... I think the settlement is good in so far as they go all back to work and have established the idea to talk first next time(s) before striking. Some productivity increases will come out of it; slowly, slowly the workforce in the U.S. will decrease due to attrition, if nothing else. This is a major thing starting (well, continuing rather). It will be with us for years, I see huge potential. Remember C anyone when it crawled back from the brink under Iacocca? The situation at GM is sure different, but these trends take time to work out. GM is a supertanker, you cannot steer it as lightly as a Boston Whaler. Hey, they influence the U.S. GDP by plus or minus 1/2 a percent or so!! Anyway, I'll buy GM today. Thomas