will gm survive
Le Mans Master
Joined: Oct 2004
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From: Toronto Ontario Canada
Of course they will make it. This is a large competitive industry and GM has the resources and talent to get through this. It has happened to them before and will happen again. The auto industry is very cyclical in nature.
Team Owner
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Unfortunately, the lead weight around their neck "Pension plan and health care" is a HUGE burden. It costs a ton per car. Those days are over, but GM is stuck with it's legacy.
Race Director
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From: Virginia Bch VA
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If GM Goes Move to Rio
GM will never go under. The government will not allow that. 
They will infuse $ so fast the green will turn brown from the heat. Remember Chrysler in the 80s?
Le Mans Master
Joined: Dec 2001
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From: Kansas
Yes! I just hope Lutz can hang in there for 3-5 more years. The only question is whether Rick will be at the helm or if Jack Welch comes out of retirement to lead GM into battle with the unions and Kerkorian.
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Pro
Joined: Feb 2005
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Originally Posted by Datawiz
Unfortunately, the lead weight around their neck "Pension plan and health care" is a HUGE burden. It costs a ton per car. Those days are over, but GM is stuck with it's legacy.
Pro
Joined: Feb 2005
Posts: 512
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Originally Posted by JFTaylor
GM will never go under. The government will not allow that. They will infuse $ so fast the green will turn brown from the heat. Remember Chrysler in the 80s?
Le Mans Master
Joined: Apr 2005
Posts: 7,361
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From: West Burbs of Chicago IL
Originally Posted by Eddy C
You nailed it. The unions obviously got their way at every turn and now the chickens are coming home to roost.
However, I dont' think that is going to happen. I don't think GM will allow it, and neither will the government...ultimately neither will the unions...they realise they can't let it get to that.
GM will be around for a long time...and it sounds like a good time to buy GM stock while it is on "sale".
GM will survive, and so will others. To do so, they will renegotiate with the unions, and there will be casualties. United is leading the way in that department, and they are showing no signs of stopping.
But that may be what needs to be done.
Instructor
Joined: Nov 2003
Posts: 243
Likes: 8
From: San Antonio TX
Yes, they will survive. The union leadership will be out of jobs if a Major Auto mfgr. goes under. Remember, the union survives today to benefit the leadership, not the average union member. Just like any other political entity. 
Burning Brakes
Joined: Sep 2004
Posts: 812
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Originally Posted by david.k
sorry guyz im trying to stay positive, but do you think gm will make it. and if they do will they still be on the same level or will they become a lower budget car
Instructor
Joined: Jan 2005
Posts: 212
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From: Murfreesboro TN
Originally Posted by david.k
sorry guyz im trying to stay positive, but do you think gm will make it. and if they do will they still be on the same level or will they become a lower budget car
and hat for every model car sold $1,600 bucks goes to fund pensions (for life) how that for taking care of your own. Compare that Toyoyta that only sets aside $66 for its employees pension (that is only paid out for slightly less that 3 years).Buy American... Tanks, Planes, Steel & GM built Vettes
Melting Slicks
Joined: Oct 2004
Posts: 2,340
Likes: 176
From: Kernersville NC
I agree. Buy American and you're supporting the best charity you can, your own economy. Those folks at GM just want what we all want, a decent health plan and retirement. Nothing wrong with a company being old and having legacy costs.
, we will all be happy