Rumblings from GM

[Worf]

So GM has started to put the warnings out about plant closings and loss of jobs, etc. Various news articles out regarding demise of Oshawa economy, provincial economy and national.

How long do you think it will be before they go cap in hand, ONCE AGAIN, to the province or feds for money? Every few years they claim the end is nigh, and then get bailed out using taxpayer $$$ to keep their Canadian business afloat. We continue to subsidize their jobs with billions of our money. Maybe we should just say NO. But then again, this is the Wynne government, and they have a problem with saying no. I wonder where the province was when Target closed up shop, and also Future Shop. But wait! Those weren't union jobs. And who know, maybe they also didn't vote for the liberals.

 

[james t kirk]

The government of Ontario needs to assist successful car makers. No doubt about that.

GM is not a successful car maker and has not been so since about 1976.

Thus we should cut the strings with them.

Look to supporting Honda, Toyota, Nissan, Mazda, BMW, VW, Ford, even Chrysler.

But GM?

Not worth the coin.

 

[whitewaterguy]

The government of Ontario needs to assist successful car makers. No doubt about that.

GM is not a successful car maker and has not been so since about 1976.

Thus we should cut the strings with them.

Look to supporting Honda, Toyota, Nissan, Mazda, BMW, VW, Ford, even Chrysler.

But GM?

Not worth the coin.

They build junksters, much like Chrysler

 

[realthing69]

With the low Canadian dollar GM might change their mind about closing it.

 

[Barca]

Fucking stupid politicians handed money over to GM without guarantees. If they were going to pull this, they should have left them to wither on the vine and support industries that would help sustain the province. Honestly I don't know why we hand power to useless politicians.

 

[T.O.tourist]

Honestly I don't know why we hand power to useless politicians.

Because there is no other type of politician.

 

[pusher69]

I own toyota and GM luxury cars, and prefer the GM.

+1
CTS-V over any Japanese luxury sedan

 

[FAST]

+1
CTS-V over any Japanese luxury sedan

I've had 2 Infinities, not one problem with the 1st, just bought the 2nd, and would never go back to GM.

Their culture is still the same, for the last 30 years, screwed up.

A good example is the ignition key fiasco,...

Do you own a CTS-V,...?

FAST

 

[Butler1000]

Unless the contract has changed it cost about $73.00 per hour in wages and benefits for every GM employee on the line on average at Oshawa.

For the Toyota Plant in Alliston? About $40.00 in wages and benefits. And they just got the contract to make cars for Europe sales due to the free trade agreement signed by the Feds(good for them).

That's why they should cut GM loose. They will always be a money pit both from the incompetent management to the poor designs and marketing to the myopic union that won't accept reality.

 

[nobody123]

So GM has started to put the warnings out about plant closings and loss of jobs, etc. Various news articles out regarding demise of Oshawa economy, provincial economy and national..

The demise of Oshawa thanks to GM plant shutdowns happened long ago. What we're witnessing now is just the slow decay of its corpse.

 

[whitewaterguy]

Unless the contract has changed it cost about $73.00 per hour in wages and benefits for every GM employee on the line on average at Oshawa.

For the Toyota Plant in Alliston? About $40.00 in wages and benefits. And they just got the contract to make cars for Europe sales due to the free trade agreement signed by the Feds(good for them).

That's why they should cut GM loose. They will always be a money pit both from the incompetent management to the poor designs and marketing to the myopic union that won't accept reality.

There is no Toyota plant in alliston...try Cambridge ...unless I missed something......?

 

[whitewaterguy]

+1
CTS-V over any Japanese luxury sedan

For obvious reasons...you guys chose to not compare this floatmobile to Audi, BMW , nor Mercedes ..how's your rear differential whine?....got the free extended warranty?

 

[Butler1000]

There is no Toyota plant in alliston...try Cambridge ...unless I missed something......?

Pardon me. The Honda Plant is in Alliston. The point however stands.

I remember one investment guy said said it best. He said that GM isn't in the business of making cars, but in the business of payng pensions.

 

[DanJ]

I remember one investment guy said said it best. He said that GM isn't in the business of making cars, but in the business of payng pensions.

Just like any long time company that took care of it's workers. Wait until Toyota and Honda have some history in North America, they will be the same way. A good chunk of that $73/hour you mentioned in the prior post is pension payments to retirees, and that portion of that number won't change regardless of whether the plants close or move or the current workers took a freeze or cut.

 

[james t kirk]

I would even pick the new Impala over any mid level german car.

I used to be a GM man. Through and through. I would defend GM to anyone who criticized them. Not any more. Not since they put out nothing but fucking junk in the 80's, 90's and 2000's. 30 years of nothing but shit. (The only exception being the Corvette.)

If someone offered me an Audi A4 or a Chevrolet Impala, it would take me about a half a second to pick the Audi.

They are just better cars in every way.

 

[Nickelodeon]

Unifor's study shows that, thanks to the drop in currency, we are now competitive with the US auto labour costs. Wrong comparison...the bear that is catching us is Mexico with access to growth South American markets.

I think the Big 3 US companies have to do some manufacturing in the US...but no similar obligation to Canada. It makes no economic sense to them despite Unifor saying that they are now profitable...thanks to the tanking Canadian dollar.

 

[FAST]

Unifor's study shows that, thanks to the drop in currency, we are now competitive with the US auto labour costs. Wrong comparison...the bear that is catching us is Mexico with access to growth South American markets.

I think the Big 3 US companies have to do some manufacturing in the US...but no similar obligation to Canada. It makes no economic sense to them despite Unifor saying that they are now profitable...thanks to the tanking Canadian dollar.

Canadian unionised plants are the highest cost to manufacture cars in the WORLD, hence the need for the government to compensate with hand outs.

Unless the UNIFOOLS are kicked out,...will always be that way.

FAST

 

[FAST]

I would even pick the new Impala over any mid level german car.

A neighbour had a new Chev, had it flat bedded away, TWICE, sold it, and bought a Nissan.

GM is till old culture.

FAST

 

[Toronto`s Finest]

Should have let em rot a long time ago. Unions & Government encouraged a lazy , spoiled Company.

 

[sashimi]

+1
CTS-V over any Japanese luxury sedan

Serious? Better than Lexus?