[N_Fiddledog]

They're seems to be a confusion about something.

$1:

GM announced today a major restructuring that will involve “doubling” the company’s investment in electric and self-driving cars, but they will pay for it by shutting down factories and laying off thousands of workers.

The company has also confirmed that the Chevy Volt will be discontinued.

https://electrek.co/2018/11/26/gm-chevy ... investmet/

What Chevy Volt are you guys talking about?

[herbie]

The same one. The one that wasn't selling worth shit, so they're dropping it. GM's first step into the hybrid market.
The EV1 was their first real EV, the latest is called the Bolt.

[llama66]

Just going to leave this here..
https://www.cbc.ca/news/business/trump- ... -1.4923245

[Tricks]

llama66 llama66:

Just going to leave this here..
https://www.cbc.ca/news/business/trump- ... -1.4923245

Believing anything Trump says.

[newz]

Thanos Thanos:

Just a general question - can Trump actually do this the same way he fucked everything/everyone up with the tariff stupidity? Subsidies are granted by Congress, either as part of the budget or as part of an emergency measure like in 2009 to save an industry from being destroyed. The subsidies are all an internal American domestic matter which makes a president's power to alter/wipe out an international deal altogether irrelevant if he doesn't have specific authority to do anything about it.

I wouldn't be surprised if those butt-lick GOP reps and senators in this congressional lame-duck session were to go along with Trump, at least the ones that didn't lose their seats because of him, in taking a shot at punishing GM. At the same time, unless someone says otherwise, it wouldn't be a surprise at all if Trump was just shitting as usual out of that hideous rectum he has in between his nose and his chin and is just strutting like a martinet for the benefit of the idiots who worship him even though he's effectively powerless to do anything about the GM decision.

I hate Trump. I will make every post about how much I hate Trump.
If only Hillary had won things would have been so much better.
Hard to side with a person who hopes for an asteroid to wipe us all out as
the answer to our problems.
Aside from an asteroid just what is your answer to the world's ills?

[Thanos]

There is no cure.

[newz]

Tricks Tricks:

llama66 llama66:

Just going to leave this here..
https://www.cbc.ca/news/business/trump- ... -1.4923245

Believing anything Trump says.

I never have believed every word Trump said but I have always gotten a kick out of the fact he doesn't bow to the PC crowd. Every time I see the liberal PC crowd cry and bitch and moan, I think, "well, he must be doing something right". At least he his not
a UN lackey like Trudeau.

[newz]

Thanos Thanos:

There is no cure.

Your cure is death for all.
I'm hoping we can do better.

[Thanos]

The planet will rebuild itself in time. Hopefully with a much wiser dominant species or, even better, no dominant species at all.

[rickc]

Tucker Carlson did a good piece on the CEO of GM tonight. He was saying how Mary Barra makes 22 million dollars a year, yet the guy running Toyota only makes 4 million. Toyota is vastly more successful than GM. We are basically rewarding someone who has presided over major recalls, shutdowns, layoffs, and many more to come. We are rewarding failure. It goes to show the major differences between the North American way of auto manufacturing vs. the Japanese. We in North America are always living for today. We only care about todays profits. We lack a vision for the future. It is not new. It has been this way since the 70's. North Americas insatiable appetite for enormous SUV's and trucks is the only thing keeping the North American auto industry alive. We are the only people on the planet driving the damn things. Foreign companies only build them to export to North America. Another doubling of gas prices in a short time (like back in 2008) would wipe out all of our North American auto industry in a short time. The Japanese and Koreans know this. They want us to quit building sedans. Soon there will be another manufactured/artificial oil crisis. It has happened before and it will happen again. This time there will be no bailouts. The North American taxpayers will have had enough of hearing about "to big to fail". We will have had enough of rewarding failure. We will be tired of paying incompetent assholes 22 million to run a company into the ground. GM will go the way of American Motors.

We will try to place blame but the fact of the matter is that we are all to blame. Those of us that live in the city and drive a 4x4 that has never left asphalt. Those of us that do not own a business that needs a truck, yet still drives a F350 to work every day. Those of us with no small children playing sports that need to be taken to practice along with their teammates, yet we still drive an enormous gas guzzling SUV everywhere (sometime I think that I am the only one driving a sedan in North America). The stockholders who have no problem paying some dumb ass 22 million a year to dismantle one of the greatest companies ever to manufacture in North America because she promises you an instant gain in the stock market. Our greed, laziness, and arrogance has set us up for failure.

[Coach85]

rickc rickc:

Tucker Carlson did a good piece on the CEO of GM tonight. He was saying how Mary Barra makes 22 million dollars a year, yet the guy running Toyota only makes 4 million. Toyota is vastly more successful than GM. We are basically rewarding someone who has presided over major recalls, shutdowns, layoffs, and many more to come. We are rewarding failure. It goes to show the major differences between the North American way of auto manufacturing vs. the Japanese. We in North America are always living for today. We only care about todays profits. We lack a vision for the future. It is not new. It has been this way since the 70's. North Americas insatiable appetite for enormous SUV's and trucks is the only thing keeping the North American auto industry alive. We are the only people on the planet driving the damn things. Foreign companies only build them to export to North America. Another doubling of gas prices in a short time (like back in 2008) would wipe out all of our North American auto industry in a short time. The Japanese and Koreans know this. They want us to quit building sedans. Soon there will be another manufactured/artificial oil crisis. It has happened before and it will happen again. This time there will be no bailouts. The North American taxpayers will have had enough of hearing about "to big to fail". We will have had enough of rewarding failure. We will be tired of paying incompetent assholes 22 million to run a company into the ground. GM will go the way of American Motors.

We will try to place blame but the fact of the matter is that we are all to blame. Those of us that live in the city and drive a 4x4 that has never left asphalt. Those of us that do not own a business that needs a truck, yet still drives a F350 to work every day. Those of us with no small children playing sports that need to be taken to practice along with their teammates, yet we still drive an enormous gas guzzling SUV everywhere (sometime I think that I am the only one driving a sedan in North America). The stockholders who have no problem paying some dumb ass 22 million a year to dismantle one of the greatest companies ever to manufacture in North America because she promises you an instant gain in the stock market. Our greed, laziness, and arrogance has set us up for failure.

I don't get the sentiment here and from many others online and in the media. When the CEO compensation is discussed, you've immediately lost any credibility, IMO. The board and shareholders made that decision and it has nothing to do with the current changes. It's envy. Greed. You run a company like GM and demand a high salary. I do not condemn her for making her money on a contract that she negotiated in good faith.

You complain about GM living for today, not planning for the future and only worrying about profits right now but at the same time, you complain about this change.

This is a change that makes them more lean and is a long look down the road. They're not going to make cars that don't sell anymore. Novel idea, right!?

[BeaverFever]

Coach85 Coach85:

rickc rickc:

Tucker Carlson did a good piece on the CEO of GM tonight. He was saying how Mary Barra makes 22 million dollars a year, yet the guy running Toyota only makes 4 million. Toyota is vastly more successful than GM. We are basically rewarding someone who has presided over major recalls, shutdowns, layoffs, and many more to come. We are rewarding failure. It goes to show the major differences between the North American way of auto manufacturing vs. the Japanese. We in North America are always living for today. We only care about todays profits. We lack a vision for the future. It is not new. It has been this way since the 70's. North Americas insatiable appetite for enormous SUV's and trucks is the only thing keeping the North American auto industry alive. We are the only people on the planet driving the damn things. Foreign companies only build them to export to North America. Another doubling of gas prices in a short time (like back in 2008) would wipe out all of our North American auto industry in a short time. The Japanese and Koreans know this. They want us to quit building sedans. Soon there will be another manufactured/artificial oil crisis. It has happened before and it will happen again. This time there will be no bailouts. The North American taxpayers will have had enough of hearing about "to big to fail". We will have had enough of rewarding failure. We will be tired of paying incompetent assholes 22 million to run a company into the ground. GM will go the way of American Motors.

We will try to place blame but the fact of the matter is that we are all to blame. Those of us that live in the city and drive a 4x4 that has never left asphalt. Those of us that do not own a business that needs a truck, yet still drives a F350 to work every day. Those of us with no small children playing sports that need to be taken to practice along with their teammates, yet we still drive an enormous gas guzzling SUV everywhere (sometime I think that I am the only one driving a sedan in North America). The stockholders who have no problem paying some dumb ass 22 million a year to dismantle one of the greatest companies ever to manufacture in North America because she promises you an instant gain in the stock market. Our greed, laziness, and arrogance has set us up for failure.

I don't get the sentiment here and from many others online and in the media. When the CEO compensation is discussed, you've immediately lost any credibility, IMO. The board and shareholders made that decision and it has nothing to do with the current changes. It's envy. Greed. You run a company like GM and demand a high salary. I do not condemn her for making her money on a contract that she negotiated in good faith.

You complain about GM living for today, not planning for the future and only worrying about profits right now but at the same time, you complain about this change.

This is a change that makes them more lean and is a long look down the road. They're not going to make cars that don't sell anymore. Novel idea, right!?

I think the argument is that the consistently high executive compensation despite consistently poor corporate performance and constant mass job losses might be at least partially due to the constant government bailouts and subsidies that prevent the board and shareholders from realizing there’s a problem.

All of this “we’re preparing for the future” talk, we’ve heard it all before. There’s nothing GM can say that we haven’t heard in years and decades past as they laid off/relocated more and more workers while taking more and more handouts from Canadian taxpayers. This us not the end of it.

And let’s be clear: there’s no reason that GM’s future plans require them to withdraw from Canada and the US. There’s no reason they can’t make their EVs and other future products at the Oshawa plant or why they can’t build other facilities in US or Canada. They CHOOSE to build their future in Mexico. Now, only the Chevy Equinox will be made in Canada and it is also made in Mexico. With the relocation of all the other core GM operations there, the parts suppliers and other contractors will soon follow, leaving GM with even less reason to keep anything in Canada. how long until the Equinox goes? This also has a spillover effect to other car manufacturers, suppliers and auto parts makers: as the critical mass of the broader auto industry begins to shift to Mexico, it will no longer make sense for these other businesses to remain in USA or Canada - they’re going to move where the clients are, where the business is, and where the competition is.

[Coach85]

BeaverFever BeaverFever:

I think the argument is that the consistently high executive compensation despite consistently poor corporate performance and constant mass job losses might be at least partially due to the constant government bailouts and subsidies that prevent the board and shareholders from realizing there’s a problem.

Barra took her position at GM in 2014. 4 years ago. GM has done quite well since and has pushed forward heavily with innovation. Shares in GM are still higher than they were when she took office.

BeaverFever BeaverFever:

All of this “we’re preparing for the future” talk, we’ve heard it all before. There’s nothing GM can say that we haven’t heard in years and decades past as they laid off/relocated more and more workers while taking more and more handouts from Canadian taxpayers. This us not the end of it.

We have heard it all before. From different CEO's. A completely different business model too.

BeaverFever BeaverFever:

And let’s be clear: there’s no reason that GM’s future plans require them to withdraw from Canada and the US. There’s no reason they can’t make their EVs and other future products at the Oshawa plant or why they can’t build other facilities in US or Canada.

Of course there's a reason. Labour costs.

It's pretty simple. On the flip side, as consumers, we're demanding a vehicle at a specific price point and they have to remain competitive. We can't demand lower prices like we always do as consumers and then bitch when products are sourced from other countries because it's cheaper to make.

[BeaverFever]

Coach85 Coach85:

BeaverFever BeaverFever:

I think the argument is that the consistently high executive compensation despite consistently poor corporate performance and constant mass job losses might be at least partially due to the constant government bailouts and subsidies that prevent the board and shareholders from realizing there’s a problem.

Barra took her position at GM in 2014. 4 years ago. GM has done quite well since and has pushed forward heavily with innovation. Shares in GM are still higher than they were when she took office.

Like the vast majority of people, I could give a flying fuck about the share price of GM. I mean THE WHOLE POINT of this thread is that the workers and taxpayers are suffering to prop up the share price and profitability of a company that doesn’t deserve it

$1:

BeaverFever BeaverFever:

All of this “we’re preparing for the future” talk, we’ve heard it all before. There’s nothing GM can say that we haven’t heard in years and decades past as they laid off/relocated more and more workers while taking more and more handouts from Canadian taxpayers. This us not the end of it.

We have heard it all before. From different CEO's. A completely different business model too.

I guess we’ll see.

BeaverFever BeaverFever:

And let’s be clear: there’s no reason that GM’s future plans require them to withdraw from Canada and the US. There’s no reason they can’t make their EVs and other future products at the Oshawa plant or why they can’t build other facilities in US or Canada.

Of course there's a reason. Labour costs.

It's pretty simple. On the flip side, as consumers, we're demanding a vehicle at a specific price point and they have to remain competitive. We can't demand lower prices like we always do as consumers and then bitch when products are sourced from other countries because it's cheaper to make.[/quote]
Yet that’s not the case, nobody’s demanding GM cats period.

SERIOUSLY NOW are you telling me there’s unmet demand for GM due to foreign competition?? I’ve never heard anyone say they prefer GM but due to cost they settled for s Toyota! In fact the foreign makers are so comfortable most don’t even offer competitive financing

for the Japanese auto makers who have been owning them for the past 30 years plus still operating in Ontario with no plans to change?

[Coach85]

BeaverFever BeaverFever:

Like the vast majority of people, I could give a flying fuck about the share price of GM. I mean THE WHOLE POINT of this thread is that the workers and taxpayers are suffering to prop up the share price and profitability of a company that doesn’t deserve it.

You should give a fuck.

That's what we got back in return for our loan to GM was shares in the company which we sold. Ontario came out okay on the share sale but Harper fucked up and sold them at a bad time for the cash injection.

$1:

BeaverFever BeaverFever:

All of this “we’re preparing for the future” talk, we’ve heard it all before. There’s nothing GM can say that we haven’t heard in years and decades past as they laid off/relocated more and more workers while taking more and more handouts from Canadian taxpayers. This us not the end of it.

We have heard it all before. From different CEO's. A completely different business model too.

I guess we’ll see.

BeaverFever BeaverFever:

Yet that’s not the case, nobody’s demanding GM cats period.

GM has the 2nd largest market share in Canada. 14.8% compared to 15.1% to Ford. It's also #2 in the US.

BeaverFever BeaverFever:

SERIOUSLY NOW are you telling me there’s unmet demand for GM due to foreign competition?? I’ve never heard anyone say they prefer GM but due to cost they settled for s Toyota!

In fact the foreign makers are so comfortable most don’t even offer competitive financing
for the Japanese auto makers who have been owning them for the past 30 years plus still operating in Ontario with no plans to change?

I'm telling you the market dictates the price and demand of the vehicles. If it costs too much to build cars in a certain area of the world, it'll be moved to a place where it's cheaper. The market has dictated that people don't want the XTS or the Impala so it's no surprise those are being axed.