Union balks and $14B auto bailout dies in Senate - Yahoo! News

 

Well i dont know what to think. Even with aid. They still could go bankrupt. If the UAW wants bankruptcy so be it. When you get goverment aid. You better do what the goverment says or else face the cosequences. If the UAW balks at any thing that would help the profitability off the automakers. Let them go broke if thats there attitude. The UAWs postion off strength is gone when your in this situation

 

The UAW has made it clear that they aren't interested in saving the domestic auto companies. The bailout bill passed by the House of Representatives would have only delayed the bankruptcy because it required that the UAW come in line with wages within 3 months. I think the Senate saved the money that they would have spent. However, itlooks like Bush may give them some bank money. MISTAKE!!

 

I bet you won't see the big 3 make too much of a stink over the UAW's decision either, they'd love nothing better than to get out from under the burdon of the existing wages and pensions... via a restructuring. After the dust settles the workers that remain or get rehired to the new company will have to settle for wages no higher than what the import makers are offering, so the end result is the same anyway.

 

Dodge bashing could be over soon, but Ford and Chevy will still exist, in close to the same form post GM bankruptcy. C11 is not the end of the world. If GM can dump Buick (except in China), GMC, Hummer, Pontiac, Saab (who are getting a separate Swedish government bailout) and Saturn, Chevy and Cadillac will still exist, and healthier, IMO.

I was against the bailouts from the beginning. You dont give blood transfusions to a patient with a gaping wound bleeding out all over the place. You stop the bleeding first.

As for the UAW, I dont get it, but dont blame them for the whole problem. Ron Pullmyfinger seems like just as much of a moron as "Red Ink Rick" Wagner.

Jim

 

IMO GM should stop building 2 lines of trucks either build GMc's or Chevy trucks no need for both. Saturn is not doing that well right now as their compact car, the Astra, is expensive and is an imported car which is ot suited to American tastes from articles I have read. Gm is considering selling off Pontiac and saturn from article I have seen. ( I think they should dump Buick insted cause they haven't made anything remotely exciting since the GNX).

 

typical union decision..

price themselves rite into extinction..

 

I don't know why the union would do that. Personally, I feel getting paid less is better than getting paid nothing at all.

 

I do believe that the Ford vs Chevy debate has always been over the quality and/or desirability of the vehicles themselves-----Not the solvency of the companies.

 

I was glad to hear the bailout was denied. File bankruptcy, restructure and boot the union.

 

Thats all fine and well....but how many jobs are going to be lost....not at GM and ford...but at supplier companies....arround manufacturing areas....how many more homes are going to go into foreclosure when the gm and chrysler line workers are out of work...or making 45% less and now can't afford their house....

 

Ryan, that is the price of bad business practices. In the long run, bankruptcy and restructuring is the better option.

 

Amen ............

 

My sentiments exactly

 

Now Toyota is having problems, too.

Toyota seeks government loan - Mar. 3, 2009

Can't believe I just found this out today.