Diamondpilot
Super Star Member
- Joined
- Jan 18, 2007
- Messages
- 16,331
- Location
- Daleville, IN
- Tractor
- Jinma 254/284 Ford 861 Powermaster at work
I'm sure there's many on here greatful to still have a job at GM. GM is too large to fail and an asset to the country and it's security. Is it the best scenario for the gov to own 26% of GM? No. Is it best for long term stability?... yes. Was GM poorly run? Absolutely!
There LIES the problem. YOU as did many other bought into the whole "they are too big to fail" bull crap. Look up GM and you will see they are not even a top 100 employer in the US. People still need cars. My family is in the auto business. They own a Dodge/Chrysler/Jeep dealership and my grandfather owned a used car lot for 40 plus years. My dads best friend is the finance manager at one of the largest Ford Dealers in the nation and they both tell me the average age of vehicle trade in is about 9 years old. In 2008 they said it was less than 3 years old. Take a look around, good used cars and trucks are hard to find. People are keeping them till they are nearly dead. I have been told by both that 175,000 miles is not uncommon anymore on a 7-10 year old vehicle and they see 250,000 miles or way more from time to time. They are just done and totally worn out. What does this have to do with GM? Its business 101. GM should have failed and the good lines like Cadillac and GMC trucks would have been picked up and reinvented by others while the crappy lines would have been allowed to disappear. Other manufactures would have picked up market share and empty factory's would have been take over by them along with the workers. Would the unions lose pull? Yes, but that needs to happen.
As for what GM did to my region of the country, its criminal. I work for a supplier that received $0.035 on the dollar, yes 3.5% of what we were owed. It trickled down big time. My town was once 100,000 of which there were 60,000 jobs supported by GM. Today, none.
Chris