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<LI itxtvisited="1">UAW (without VEBA): $71 <LI itxtvisited="1">UAW (with VEBA): $58
- Transplants: $49
Total UAW= $71
Total transplant= $49
How does that data refute the issues that people have with unions?
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<LI itxtvisited="1">UAW (without VEBA): $71 <LI itxtvisited="1">UAW (with VEBA): $58
- Transplants: $49
ahh but the reseason they show the figures w/out VEBA is because the havent paid since 2007 ... and have just agreed to take half in stock
GM and Chrysler LLC have received $17.4 billion in government loans and are required by those loan agreements to ask the UAW to accept stock payments instead of cash payments to fund their VEBAs. Ford, which has not applied for government loans, also asked the UAW to agree to modifications to fund the VEBA.
Ford owes $13.6 billion to the health-care trust. Although Ford is in a better position than GM and Chrysler, it just reported a $14.6-billion loss for 2008, the largest loss in the company's 105-year history.
BK - kill the union contracts and pay people $12/hr to screw bolts on a car - it's unskilled labor.
What killed GM was the sudden decline in popularity of the SUV's and big cars when $4.00/gallon gasoline hit. Now that the price of gas is around $2.00/gallon I think you will see a return to our old driving habits and choice of vehicles. I expect we will see gas hover in $1.50/gallon range shortly and remain there for the next few years. That is the key to the recovery of GM. If we go back to buying American cars, GM lives. If not.... RIP GM.
$ 1.50 gal for the next few years...? Doubt that. The only thing that will keep prices low will be lack of demand and high inventories. If that is the case, then this is counter cyclical to GM or any other auto co selling more cars. I think your logic is flawed here. If demand resumes, gas will surely be at $ 3 bucks/gal, or more, as the target for oil prices is between 60-80 brl.
GM is toast-a-rama no matter which way you slice it. The only thing that keeps them going is continued infusion of YOUR tax dollars in the form of a subsidy. Maybe that will happen; other countries subsidize their auto makers, and maybe the US will have to do so to maintain an auto maker presence. Who knows... or at least this may happen until the US goes broke, which will happen based on how the drunken sailors appropriate funds.
Fed'l Hwy Admin reports reduced miles being driven even in light of lower gas prices. Fed Hwy Admin release.