Author Topic: GM files for bankruptcy  (Read 4351 times)

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Offline Scotty

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Re: GM files for bankruptcy
Quote
•GM will offer new buyouts to all UAW-represented employees under a program that will be presented to workers by June 9.

•Workers with 20 years' experience or more will be offered $115,000 in cash and a $25,000 vehicle voucher.

•Those who worked more than 10 years and less than 20 years will be offered $80,000 and a $25,000 vehicle voucher.

•Workers with fewer than 10 years of experience will be offered $45,000 and a $25,000 vehicle voucher.

Yeah.  They declare bankruptcy, and then they start throwing money at all their employees?  If they declare bankruptcy, they shouldn't have the money to do that, and if they have the money to do that, they shouldn't be declaring bankruptcy.

 

Offline MP-Ryan

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Re: GM files for bankruptcy
Great idea to sell the Hummer division off to the Chinese.  Nothing like handing over your military vehicle production division to a not entirely friendly nation.  If the government doesn't block that sale then what the heck are they thinking.

The H2 is based on a Suburban chassis.  Garbage, yes.  Sensitive military secrets, no.
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Offline FUBAR-BDHR

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Re: GM files for bankruptcy
OK but it's still the division that made the vehicles at one time.  I would assume those technical specifications are still on file at that division.  So even if it doesn't hurt vehicle production they will have all the know how to make both the regular and military version of the H1 as well.  Of course that's assuming they didn't acquire that some other way already.  

Also we are still at war.  If something else were to happen (say N Korea for instance) and we needed to ramp up production there would be a long delay bringing the factory back on line.  Article read the US plant only needed to stay open until 2010.  That's not very far off. 
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Offline StarSlayer

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Re: GM files for bankruptcy
Even the military humvee isn't exactly a B-2 Spirit, its nice buts not leaps and bounds ahead of everyone else's Jeep like vehicle.  Besides if China wants to buy up the crappy SUV based brick mobiles (let's face it the thing is a far cry from a humvee) that all the compensating twats drive then let them, maybe fewer will be bought then. :P.
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Offline Kosh

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Re: GM files for bankruptcy
You don't really want to seriously suggest "Unions" are the reason why GM is in the mess they are currently in do you ? lol...

Cheap shot in my eyes... and at the wrong target to boot.

Why not? Union shop destroyed the steel industry. Granted, GM has spent decades running itself into the ground in just about every way possible, but if you think unions are not part of the problem then you don't grasp how they work. They are created to secure certain things. The problem is, what do they do when they successfully secure those things?

They have to get a new objective or become irrevelant. They uniformly get a new objective, and in the end they keep pushing, and pushing. They lose touch with what is realistic, necessary, or feasible (rather horribly). Satan came to Jesus, but they're still out there trying to fight sin. Something similar happens with many other groups who existed originally to secure certain rights, race-based or otherwise.


GM was rotten from top to bottom, from the lowest echelons of the unions to the highest execs. We should still remember why the unions were formed in the first place, to stop horrible abuse by employers, even though these problems have largely been solved.
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Offline Stealth

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Re: GM files for bankruptcy
OK but it's still the division that made the vehicles at one time.  I would assume those technical specifications are still on file at that division.  So even if it doesn't hurt vehicle production they will have all the know how to make both the regular and military version of the H1 as well.  Of course that's assuming they didn't acquire that some other way already.  

Also we are still at war.  If something else were to happen (say N Korea for instance) and we needed to ramp up production there would be a long delay bringing the factory back on line.  Article read the US plant only needed to stay open until 2010.  That's not very far off. 

There's nothing secret about the Hummer H1/Humvee at all.  It's designed to be a great off-road vehicle, and that's about it.  Humvees and their equivalents are used by practically every government on the face of this earth, so selling its 'secrets' to a Chinese company isn't going to hurt anyone :)

And the H2 and H3, for the record, were absolute garbage, i agree.

  

Offline IceFire

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Re: GM files for bankruptcy
Also we are still at war.  If something else were to happen (say N Korea for instance) and we needed to ramp up production there would be a long delay bringing the factory back on line.  Article read the US plant only needed to stay open until 2010.  That's not very far off. 
I sometimes read the military and defence news sites...I find it interesting to read and apply to FreeSpace 2 mod experience sometimes....anyways the HUMVEE is on its way out.  It'll still be around but used less and less in direct combat situations.  Iraq has taught a few lessons and one of those was it was time for a different vehicle with a V shaped armoured hull and a less exposed weapons position.  There are a number of vehicles competing for a replacement.
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