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And Hummer is going bye bye too. So it will have the trickle down effect across the nation as dealers close up shops.
Quote:And Hummer is going bye bye too. So it will have the trickle down effect across the nation as dealers close up shops.Yes! I am so glad! Drogar-BigGrin(LBG).gif
Man it has been bash on GM day threwout the news.
GM saw it coming, it just came faster then expected since the panic attack everyone is having over rising costs of living. Everyone knew the market was shifting to smaller and more fuel efficient models it’s just now that GM must hurry up it’s plan to keep pace.
They close some plants and talk of opening new ones but the mention on the news is all about the ceasing of production. They mention cutting certain models but no mention on the news of the new production lines opening up and new models being produced.
Diamond Doyle manages to throw the blame at everyone in the news conference yet inside I have to wonder if he was jumping for joy. He has made it known he is all on the climate change wagon so the death of the SUV in Janesville must please him. Maybe now he will go after Toyota since they have the Sequoia. Ugh, I hate myself for allowing to be pulled into the political talk of this and bitch about Doyle. He is just so full of &*^% when he talks about helping the workers. He did such a wonderful job when my wifes plant moved out of State.
It wouldn’t surprise me to see Janesville retooled and stay open. GM has some cool models on the planning block and I hope they stick around Wisco. Sad to see the Tahoe and Burb go, great freaking SUV’s.
Hummer, I’ve always liked them. They have thier place and customer base but sales drop so maybe a retooling and model change and they will stick around. The H3 could be a good candidate for the two-mode Hybrid, even the H2 since it is allready on the Silverado chassis which has it.
Has anyone paid attention to what the upper management and executives of GM (and Ford) are making these days?
The hourly assembly workers are worried about feeding their families and paying their bills, and the upper management and corporate executives are making enough money on a yearly basis to buy a third world country!
Marshall
same with pro athletes, same as actors.
They are all over paid.
As long as people are willing to pay ticket prices, etc, they will continue to be well paid. I would like to see people in this country boycott businesses that send jobs overseas but I know of no place where I can find out which businesses are doing that locally. So many businesses are intertwined that it is hard to pinpoint.
Quote:As long as people are willing to pay ticket prices, etc, they will continue to be well paid. I would like to see people in this country boycott businesses that send jobs overseas but I know of no place where I can find out which businesses are doing that locally. So many businesses are intertwined that it is hard to pinpoint.And that is the same for a CEO. If someone buys the product they will pay the salary.
I’m not saying any CEO is worth XXX million a year but I am saying I understand it. They can make or break a company and can suicide thier career with a single decision. So they push for huge salaries in case both happen. Take Cerebus for example, the CEO rode Home Depot to the top and made them Billions, so he command the multi million dollars to do the same for Chrysler.
I’m not trying to talk down or at you guys, just giving you my mindset so I hope I’m not coming off as a &^%hole.
Something which should come as no surprise is GM closing the plant early. Fortunately I think Janesville has diversified its employment enough where the impact may not be as great as thought. Maybe they will get along fine without a poorly run, mismanaged company that can’t see beyond the next quarter.
GM stock prices are at an all time low (common stock at $6.90 a share). Is this not a good time to buy this stock, or will it just not ever come back in value?
Marshall
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