Taxpayer to invest $691 million for GM plants in Mexico | Page 2 | TigerDroppings.com

Posted byMessage
TheDiesel
LSU Fan
Houston via Baton Rouge
Member since Feb 2010
2475 posts

re: Taxpayer to invest $691 million for GM plants in Mexico


Trying to read up on the situation Chrysler went through in 2008-2009. How was it different from what happened to GM?

I know Fiat now holds a majority stake now, but did the US "bail" them out or just provide a loan guarantee?






Back to top
  Replies (0)
roygu
Member since Jan 2004
8587 posts

re: Taxpayer to invest $691 million for GM plants in Mexico


quote:

There's no sympathizing going on. It's not an emotional decision, it's a decision based on value creation for shareholders.

It seems like some of you may be dealing with a fundamental misunderstanding of how business decisions are made.



We understand how business decisions are made. They are made by lobbyists and staffers in DC. See the immigration bill.






Back to top
  Replies (0)
oklahogjr
Arizona State Fan
Gold Membership
Member since Jan 2010
22156 posts

re: Taxpayer to invest $691 million for GM plants in Mexico


quote:

We have millions of people unemployed or under-employed right hena in the good ole U.S. of A. but GM choses to spend millions of our taxpayer money down south of the border.


It's not their fault. They've been given the job of making as much money for their share holders as possible. That's what they're doing, their job isn't to provide work or anything for us or this country.






Back to top
Raz4back
Arkansas Fan
Member since Mar 2011
1927 posts

re: Taxpayer to invest $691 million for GM plants in Mexico


quote:

It's not their fault. They've been given the job of making as much money for their share holders as possible. That's what they're doing, their job isn't to provide work or anything for us or this country.


And it's not our job as tax payers to bail out a poorly run company that sells inferior products.






Back to top
  Replies (0)
Asgard Device
The Daedalus
Member since Apr 2011
4967 posts

re: Taxpayer to invest $691 million for GM plants in Mexico


.


This post was edited on 7/7 at 3:09 am


Back to top
  Replies (0)
Homesick Tiger
LSU Fan
Greenbrier, AR
Member since Nov 2006
14950 posts

re: Taxpayer to invest $691 million for GM plants in Mexico


quote:

their job isn't to provide work or anything for us or this country.


You're right, economically speaking. However, what goes around comes around. People can boycott GM's products but boycotts have a short shelf life. The other option - government intervention which I don't think any of us believe that is a good thing. No way government lets big manufacturing jobs relocate outside our borders to the point of us becoming a second world country. Then again, maybe they do.






Back to top
coonass27
LSU Fan
shreveport
Member since Mar 2008
2737 posts

re: Taxpayer to invest $691 million for GM plants in Mexico


quote:

Ever consider that this could be because it would be unprofitable to manufacture these in the US due to certain regulations so they are doing it in Mexico to help the bottom line


A lot of GM plants are in other countries and the price of Labor is the main reason. They quit building plants in the US in 2003. They pay un skilled workers 32+ an hour to put a screw in a truck. Some of the workers are grateful but the Majority of them swear they are overworked and under paid.

I remember when we launched the Colorado/Canyon in Shreveport in 03, we worked a few months of 6 10 hr days (9 hrs on 1st shift) and some of the fine union folks actually had shirts made that had the Plants turnstiles behind Prison Bars on them with "GM state penn" written underneath. They all got together and decided to wear them on a certain days and wore them often.

There is also a lot of "made up positions" for the Lazy folks that get hired on and cant be fired. they just screw around enough until they find themselves in one of these cush positions. these include "Problem Solvers", "ergonomics investigators" and "committee Men". They also were paying janitors 32.50 an hr with full pensions. couldn contract it out because they were "Union Brothers" and deserve the same pay.

Gm isn't American Made. Some of the vehicles are Assembled in America, but the most parts come from local suppliers that get the parts from foreign countries and the few parts GM does get direct come form other countries also. Id say 10% of the vehicle is made in America.

The number I remember in 05 was 6K off of every vehicle sold by GM went to retiree pensions and benefits.







Back to top
  Replies (0)
TheJacer
Member since Nov 2012
400 posts

re: Taxpayer to invest $691 million for GM plants in Mexico


quote:

There's no sympathizing going on. It's not an emotional decision, it's a decision based on value creation for shareholders.

It seems like some of you may be dealing with a fundamental misunderstanding of how business decisions are made.



As of the acceptance of government funds we are stakeholders.

You seem to be seriously misunderstanding the conversation; we aren't upset they are trying to turn a profit, we are upset they are moving to Mexico after taking our money when we as stakeholders would rather see them stand up to the unions destroying business all over this country. Although, you're probably just playing coy intentionally. If we were to discuss a lack of understanding for business, we should probably start with the federal government.






Back to top
  Replies (0)


Back to top