#156591 - 03/31/06 11:30 AM
GM question
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Registered: 08/09/03
Posts: 3256
Loc: Oregon
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Been reading a lot about the moves by Delphi and GM and how it could bankrupt GM...
If GM was to one day soon go bankrupt...how would that affect part availability and prices for our cars? I mean SOMEONE would continue making parts, right?
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#156593 - 03/31/06 01:47 PM
Re: GM question
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Registered: 07/29/04
Posts: 1563
Loc: Ohio
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Agreed. Bankruptcy is different that out of business. Even then, there will be New Old Stock (NOS) parts that will be available.
The Delphi move was to help it not move into bankruptcy. If that doesn't work in a certain amount of time, then they will examine GMAC.
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#156594 - 03/31/06 04:52 PM
Re: GM question
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Registered: 03/07/05
Posts: 5158
Loc: Southern KY
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If GM hadn't invested all that money into the redesign of their SUVs recently when gas prices are soaring (duh) they could have invested it in nicer car platforms. At least their cars are starting to look better, they just need to quit focusing so much on the V8 gas hogs at the moment and more on reliable economy cars. This is what happens when you don't listen to consumer demand.
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#156596 - 03/31/06 06:59 PM
Re: GM question
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Registered: 08/09/03
Posts: 3256
Loc: Oregon
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Well that, and the unions and pensions also screwed over GM (and all American manufacturers)
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#156597 - 04/01/06 07:28 PM
Re: GM question
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Registered: 03/26/03
Posts: 2481
Loc: Franklin, MA
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If GM went out, they'd end up spinning off a bunch of their divisions. AC Delco, OnStar, etc....
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#156598 - 04/01/06 08:26 PM
Re: GM question
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Registered: 02/26/05
Posts: 231
Loc: Neptune Beach, FL
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Let's not throw too much blame at the unions, the largest blame needs to be directed at those high priced officials at the top of the food chain that pull in astronomical salaries and bonuses that are even more astronomical. Pensions/retirement programs, health and other benefits have hurt automakers pretty bad also. Bottom line, those at the top of the food chain agreed to everything the unions got for the worker in the end.
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#156600 - 04/01/06 08:36 PM
Re: GM question
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Registered: 02/26/05
Posts: 231
Loc: Neptune Beach, FL
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Right you are Herc. The only difference in the greed is the amount that the person gets. The higher they are in the food chain, the higher the greed cost is. GM, and all US automakers for that part, kept flooding the market with the gas guzzling SUV's and trucks for two reasons: 1.The consumer wanted them. 2. More importantly, the profit margins on SUV's and trucks is much higher than the average car. Only two things can change what the US automakers bring to market, the Federal government and the consumer. I prefer letting the consumer control this, since anytime the Fed gets involved it ends up costing us tax payers much more.
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2000 Grand Prix GTP Daytona 2000 Dodge Durango 1995 Dodge Avenger(parting out) 1994 Ford Mustang 1989 Dodge Daytona Shelby T II(putting back together)
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#156601 - 04/01/06 10:10 PM
Re: GM question
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Registered: 08/09/03
Posts: 3256
Loc: Oregon
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Originally posted by BTC13: Let's not throw too much blame at the unions, the largest blame needs to be directed at those high priced officials at the top of the food chain that pull in astronomical salaries and bonuses that are even more astronomical. Pensions/retirement programs, health and other benefits have hurt automakers pretty bad also. Bottom line, those at the top of the food chain agreed to everything the unions got for the worker in the end. I guess I disagree because execs and CEOs get paid huge sums of money in every industry. It's not specific to US automakers. And most of these other businesses do just fine. What seperates the US automakers from the other companies is the unions and the pensions (which were union negotiated). I come from a family of UAW line workers, but I just believe the unions started with good intentions years ago, but wound up biting the workers in the butt. I'm just not a big union guy.
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#156602 - 04/01/06 10:22 PM
Re: GM question
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Registered: 02/26/05
Posts: 231
Loc: Neptune Beach, FL
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You're correct UMfan, that pension, benefits and hourly worker salaries were negotiated by the union. Directly on the other side of that negotiating table were the folks that run the company. They ended up agreeing to a contract, whatever the stipulations were, knowing full well that any and all cost of those agreed upon negotiations would be passed on in the cost of a vehicle. A lot of companies with "union shops" are doing fine, but a lot of concessions have been made in other industries. My biggest problem with unions is that it is often too hard to fire someone that really needs to be fired. It's even harde to get rid of inept corporate types that have much more control than your average union worker. People can complain that corrupt unions cost this country millions or more, but corrupt, and even uncorrupt corporate folks have cost many times more than that. My Dad was in the Teamsters in California back in the late 50's for a few years, I did 22 years in the Navy and haven't ever been in a union. Florida isn't a big union state.
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2000 Grand Prix GTP Daytona 2000 Dodge Durango 1995 Dodge Avenger(parting out) 1994 Ford Mustang 1989 Dodge Daytona Shelby T II(putting back together)
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#156603 - 04/05/06 01:41 AM
Re: GM question
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Registered: 11/17/04
Posts: 712
Loc: Kansas (Redneck Country)
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everybody is right, from the greed, to the unions. everything is having problems. Iwill side with herc by stating that GM has tried to keep up with consumer wants. I went in to ask about GM putting the Duramax into the Suburbans yet, and I was told no, won't happen, but GM is putting a new 6 speed tranny in them that is supposed to (teamed with the DOD engines)be able to get as high as 30 MPG in certain applications. Might be 08 before we see that though. not saying that's what is happening, just what I was told by a dealer rep
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