So would you buy a new GM truck now?
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JimMorrissey
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Just bought a '08 Silverado 1/2 ton. Love it.....Those who say GM makes junk is not speaking from point of experience. GM and Chevy in particular will not go away, bankruptcy or not. Nice rigs. I'd snag one now.....prices are awesome.
Not sure about the warranty situation as I'm not a corporate lawyer. Will it definitely be void if GM files for bankruptcy? I have read the warranties will be honored. Who knows.
Not sure about the warranty situation as I'm not a corporate lawyer. Will it definitely be void if GM files for bankruptcy? I have read the warranties will be honored. Who knows.
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charliepff
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This is definitely part of the problem. I refuse to blame the unions. There is no reason for the workers not to unite to ask for better work conditions and pay. How about the fact of the ridiculous salaries the CEO and higher up's make. I am sorry if I offend anyone but there is no reason for a hundred and fifty thousand a year salary. With that being a low number. I do not understand how someone is worth that much money. A doctor I could buy into that. A CEO of an auto manufacturer; no. A sports star, definitely not. Especially since they were not smart enough to see this coming. I am sure somewhere out there that financial planners seen this coming and it could have been avoided. Ok I will stop rambling now about high salaries.
WilliamBos
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I disagree. Those salaries are nuts. $71 an hour to build vehicles?? The techs who fix them do not make that, so why should the people who build them? The guys working at Honda and others only make half that, and they are happy. I do agree that the salaries they pay from top to bottom need an over haul, and the greedy unions have no place with the way things are nowadays.
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Now that is humorous and clearly uninformed. If you can't see how the unions have caused the fall of the domestic automakers I assume you don't have a television, radio or internet information available to you. I guess that'd make you one of the "one percenters". Only about 1 percent of the people feel that the UAW has not been the single largest reason for the collapse of the auto manufacturers. My personal opinion is that "one percent" of the people surveyed who don't feel that the UAW is at fault are either complete union Lemmings or Union bosses who about to have to come down to the real world.
The unfortunate thing is that the corrupt, stupid and unreasonable UAW is about to cause many past autoworkers to lose their pensions and life's savings because of their total and blind greed. I'm sure there are plenty of retired UAW workers who put in years of hard and dedicated work who are about to lose everything because of stupidity and greed in the current and recent past UAW leadership.
If I look at GM, they are not all around the world with the Pontiac Chevis or whatever they offering in the US.
They own Vauxhall and Opel, which are the same vehicles, part of tem made in Germany. Saab in Sweden, which was known for their excellent cars. Daewoo, which is named Chevrolet, now
Chevrolet Deutschland is made in Poland (FSO) and Korea (Daewoo)
The Saturn side shows the Opel/Vauxhall Astra, Opel Insignia and Opel Speedster, the SUV are Dawoo.
Saturn | New 2009 Cars, SUVs, & Crossover Vehicles
I donｴt know an european carbrand, which is supported by the Government. They are talking about subsidies for Opel, cause they have done Developemnt for the mothercompany GM and not have been paid.
Compared to Germany cars in the US are awfully cheap and with the low fuelprices it is hard to understand, why GM, Ford and Chrysler are not able to sell their cars.
In Germany Chrysler is the most popular US brand and if You see a GM related Van or PU it mostly has gasinstallation for running LPG.
They own Vauxhall and Opel, which are the same vehicles, part of tem made in Germany. Saab in Sweden, which was known for their excellent cars. Daewoo, which is named Chevrolet, now
Chevrolet Deutschland is made in Poland (FSO) and Korea (Daewoo)
The Saturn side shows the Opel/Vauxhall Astra, Opel Insignia and Opel Speedster, the SUV are Dawoo.
Saturn | New 2009 Cars, SUVs, & Crossover Vehicles
I donｴt know an european carbrand, which is supported by the Government. They are talking about subsidies for Opel, cause they have done Developemnt for the mothercompany GM and not have been paid.
Compared to Germany cars in the US are awfully cheap and with the low fuelprices it is hard to understand, why GM, Ford and Chrysler are not able to sell their cars.
In Germany Chrysler is the most popular US brand and if You see a GM related Van or PU it mostly has gasinstallation for running LPG.
Builder
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Then you'll have to include all the salaries of almost all big corp CEO's. It's not only the Big 3 that have ridiculous CEO salaries.
Builder
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Correct. Just look at our now non existant steel industry. The unions did the steel industry in back in the 70's & 80's. I live in Pennsylvania and can remember the days of Bethlehem Steel, Lukens steel & USX right in my area. Now they're all gone forever. Main reason was unions.
charliepff
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I do not blame the unions. I do blame the fact that the UAW is not regulated. If no one regulates the Auto Makers Union why should they stop asking for higher salaries. I do agree the assemblers are making a ridiculous salary, but who is stopping them from getting it. Now if it was a trade such as a Lineman or Pipe Welder who has to be out in the elements and so on I could see higher salaries on the conditions they brave and the skills they require for there fields. I should have elaborated when I said I do not blame the unions. Everyone needs some boundaries. Do I blame the CEO's from all the major corporations; certainly. There is no reason for there high salary and private jets. They do not need to travel all over for conferences and similar adventures. I would love to see there bills for a month of perks they use the companies money on. Part of the problem is the refuse to make cuts. They could have been cutting the fat a while ago but they refuse to. Like I said before you also can not tell me alot of these higher ups did not see this coming.
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It's called a UAW STRIKE. When your labor force is paid more than any labor force in the world, but still continues as recently as 3 years ago to strike for yet higher pay, less work and more benefits, they have their employer in a hopeless situation.
Look at other members of the Dow Jones industrials. They have overpaid CEOs and fleets of private jets, yet most aren't facing bankruptcy. The common denominators are that the gov't overegulates the auto industry and they are hog tied by the UAW, the most powerful union ever in the world.
I agree they're overpaid, but the unions & the gov't regulations put the nail in the coffin before CEO salaries.
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