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GM CEO forced to step down


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The F-body was killed because GM was losing money on every one of them. The price was already too low and they weren't exactly flying off the lots. However, paying $10/hr to bolt in the seats instead of $40/hr would have helped the cost and might have saved the F-body.

The F-body wasn't losing money, it was rather just breaking even. And the big part of that was the St. Therese plant in Canada. While they were selling 75k cars a year, the plant was designed to push out 200-300k cars a year = inefficient.

 

Along with that was the expiring contract for that plant, and re-tooling for a new car at that plant wasn't economical, and they didn't see it being a profit-maker at a newer plant. Obviously they are bringing it back at a different plant, so it wasn't as if they thought the market was gone for such a car.

 

The biggest problem was poor marketing, wrong plant to produce that kind of vehicle, and not having the foresight to getting things taken care of when they could have, and instead letting the cars die for several years.

 

The Unions need to go. Period. The gov't is throwing bad money after bad (the gov't has no good money). Money isn't going to fix GM and Chrysler; restructuring WILL fix them. Kill off the Unions, pay a normal wage, and at least 80% of the problems are solved.

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Unions have become "big business". My ex brother in laws father was a politician for the union and made a ton of money lobbying for the union. It wasnt designed to be so and as with anything that is money driven, it has gotten out of control. I cant stand arguing with a union supporter, they have no real basis for their argument that is relevant in todays day and age. Unfortunately alot of todays prices are directly related to wages. If everyone takes a pay cut then the cost of things needs to come down. If I make a minimum wage of $10 an hour and bread is $1 a loaf, should bread come down if the minimum drops to $9? Or is it the exact same thing?
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