Current Events > GM stopping work at 5 plants, laying off thousands of salaried workers

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PIITB415
11/26/18 2:13:08 PM
#52:


CornBarn posted...
Flockaveli posted...
This is how the 2008 recession started.


I doubt we'll see another recession like the 2008 recession. That was (probably) a once in a lifetime event.


I think you should look at the cycles of recessions in the US economic history
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kingdrake2
11/26/18 2:15:00 PM
#53:


PIITB415 posted...
CornBarn posted...
Flockaveli posted...
This is how the 2008 recession started.


I doubt we'll see another recession like the 2008 recession. That was (probably) a once in a lifetime event.


I think you should look at the cycles of recessions in the US economic history


if it goes into recession we're screwed.
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ManBeast462
11/26/18 2:20:29 PM
#54:


Thanks to climate alarmists
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Bio1590
11/26/18 2:25:56 PM
#55:


pres_madagascar posted...
Goats posted...
and the crash has started. I hope you guys have some sort of bug out plan. This is going to be BAD you don't want to be stuck in a city next week koffing.

Except the other companies are fine. This is gm restructuring.

Ford is also restructuring and going to be tossing people, and don't forget they already previously announced they were going to stop selling cars in the US except for the Mustang and Focus Active, and then went and canceled the Focus Active because of the tariffs.

And don't forget this doesn't only impact the GM plants, it also impacts any company/supplier that does parts/materials for them as well.
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Antifar
11/26/18 2:34:52 PM
#56:


Anybody suggesting this is a climate decision should know that GM is shifting towards trucks and SUVs as people increasingly buy them.
https://apnews.com/3e51216360e14053ae3e4b3461db615b

General Motors will cut up to 14,000 workers in North America and put five plants up for possible closure as it abandons many of its car models and restructures to cut costs and focus more on autonomous and electric vehicles.

The reduction includes about 8,000 white-collar employees, or 15 percent of GMs North American white-collar workforce. Some will take buyouts while others will be laid off.

At the factories, around 3,300 blue-collar workers could lose jobs in Canada and another 2,600 in the U.S., but some U.S. workers could transfer to truck or SUV factories that are increasing production.

The company also said it will stop operating two additional factories outside North America by the end of next year, in addition to a previously announced plant closure in Gunsan, Korea.

The restructuring reflects the changing U.S. and North American auto markets as a dramatic shift away from cars toward SUVs and trucks continues. In October, almost 65 percent of new vehicles sold in the U.S. were trucks or SUVs. It was about 50 percent cars just five years ago.

GM is shedding cars largely because it doesnt make money on them, Citi analyst Itay Michaeli wrote in a note to investors.

We estimate sedans operate at a significant loss, hence the need for classic restructuring, he wrote.

General Motors Co.s pre-emptive strike to get leaner before the next downturn likely will be followed by Ford Motor Co., which has said it is restructuring and will lay off an unspecified number of white-collar workers. Toyota Motor Corp. also has discussed cutting costs, even though its building a new assembly plant in Alabama.

GM isnt the first to abandon much of its car market. Fiat Chrysler Automobiles got out of small and midsize cars two years ago, while Ford announced plans to shed all cars but the Mustang sports car in the U.S. in the coming years.

Shares of GM, the largest automaker in the U.S. which sells the Chevrolet, Buick, Cadillac and GMC brands, rose nearly 6 percent on the news to $37.93 in midday trading Monday.


That's the exact opposite of what a climate decision would look like.
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Questionmarktarius
11/26/18 2:38:43 PM
#57:


The problem with "low-end" cars is that they're still expensive as fuck, mostly due to government meddling mandating dirt-cheap deathtraps out of the market.
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Bio1590
11/26/18 2:40:02 PM
#58:


Questionmarktarius posted...
The problem with "low-end" cars is that they're still expensive as fuck, mostly due to government meddling mandating dirt-cheap deathtraps out of the market.

Severely injured and dead people are expensive.
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Tmaster148
11/26/18 2:43:10 PM
#59:


Questionmarktarius posted...
The problem with "low-end" cars is that they're still expensive as fuck, mostly due to government meddling mandating dirt-cheap deathtraps out of the market.


Go buy a used car then.
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GreatEvilEmpire
11/26/18 2:46:24 PM
#60:


A sad day for the Chevy Volt. It's marvelous vehicle that didn't get the sale it deserves.
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King_Hellebuyck
11/26/18 2:47:19 PM
#61:


Its weird watching conservatives pretend this has anything to do with GM trying to save the environment
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Questionmarktarius
11/26/18 2:48:28 PM
#62:


Tmaster148 posted...
Questionmarktarius posted...
The problem with "low-end" cars is that they're still expensive as fuck, mostly due to government meddling mandating dirt-cheap deathtraps out of the market.


Go buy a used car then.

They all but vanished when Dubya's Cash for Clunkers shredded them.

The great irony here is that countless attempts to save the auto industry while also gutting the market in an attempt to save passengers, is what's going to finally make mass transit viable.
All that'll be on the road is busses, bigass trucks, and robocars.
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iClockwork
11/26/18 2:51:03 PM
#63:


King_Hellebuyck posted...
Its weird watching conservatives pretend this has anything to do with GM trying to save the environment

Nobody claimed that GM did it to help the environment. They're saying that liberals should be glad since one of the byproducts is reducing so called global warming. Speaking of which, did you hear about that huge fucking blizzard that went across the Midwest this weekend?

Questionmarktarius posted...
They all but vanished when Dubya's Cash for Clunkers shredded them.

psss Obama signed the bill that started the program. whoops.

https://en.wikipedia.org/wiki/Car_Allowance_Rebate_System
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Tmaster148
11/26/18 2:52:26 PM
#64:


iClockwork posted...
King_Hellebuyck posted...
Its weird watching conservatives pretend this has anything to do with GM trying to save the environment

Nobody claimed that GM did it to help the environment. They're saying that liberals should be glad since one of the byproducts is reducing so called global warming. Speaking of which, did you hear about that huge fucking blizzard that went across the Midwest this weekend?


So not only do you have reading issues. You also have no concept of the difference between climate and weather.
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Antifar
11/26/18 2:53:27 PM
#65:


iClockwork posted...
King_Hellebuyck posted...
Its weird watching conservatives pretend this has anything to do with GM trying to save the environment

Nobody claimed that GM did it to help the environment. They're saying that liberals should be glad since one of the byproducts is reducing so called global warming. Speaking of which, did you hear about that huge fucking blizzard that went across the Midwest this weekend?

Do you believe global warming is happening?
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iClockwork
11/26/18 2:53:28 PM
#66:


Tmaster148 posted...
So not only do you have reading issues.

Quote where I misread. Watch him dodge this question.
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Rika_Furude
11/26/18 2:55:18 PM
#67:


Crazyman93 posted...
gunplagirl posted...
Capitalism sure does work well

When greedy unions aren't throwing hissy fits and trying to bite the hand that feeds them off the arm it does.

Wow wtf... youve literally been brainwashed to oppose the organisations designed to help you... wtf
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Tmaster148
11/26/18 2:56:17 PM
#68:


iClockwork posted...
Tmaster148 posted...
So not only do you have reading issues.

Quote where I misread. Watch him dodge this question.


Well you just did.

I didn't say you misread anything this topic.
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iClockwork
11/26/18 2:57:00 PM
#69:


^ yup ofc he dodged just as I predicted xD
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Tmaster148
11/26/18 2:58:42 PM
#70:


I like how you are only further proving your issues with reading.
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King_Hellebuyck
11/26/18 2:59:03 PM
#71:


Stop responding to Hoth
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Bio1590
11/26/18 3:01:03 PM
#72:


iClockwork posted...
Nobody claimed that GM did it to help the environment


Narrator:
CornBarn posted...
Anyway, we're always talking about hard decisions that need to be made to fight climate change and to advance society. This is one of those decisions.


lmao
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mario2000
11/26/18 3:02:28 PM
#73:


look at all those jobs that trump got us!!!
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iClockwork
11/26/18 3:03:07 PM
#74:


Bio1590 posted...
CornBarn posted...
Anyway, we're always talking about hard decisions that need to be made to fight climate change and to advance society. This is one of those decisions.

lmao

Imagine trying to leave out the context of that quote to shoe horn it into another point, yikes.
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Questionmarktarius
11/26/18 3:06:06 PM
#75:


Bio1590 posted...
iClockwork posted...
Nobody claimed that GM did it to help the environment


Narrator:
CornBarn posted...
Anyway, we're always talking about hard decisions that need to be made to fight climate change and to advance society. This is one of those decisions.


lmao

Well... that's "cap and trade" in a nutshell, kinda. I guess. I dunno.
Lower (middle) class families can't afford a cheap car, or they're no longer being made, so that yuppies can get snooty electrics and insecure suburban men can buy a bigass pickup they'll never really need.
It all works out in the end, somehow.

...are yuppies even still a thing?
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Darkman124
11/26/18 3:12:36 PM
#76:


Questionmarktarius posted...
...are yuppies even still a thing?

we call them DINKs now i think
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Bio1590
11/26/18 3:13:41 PM
#77:


iClockwork posted...
Bio1590 posted...
CornBarn posted...
Anyway, we're always talking about hard decisions that need to be made to fight climate change and to advance society. This is one of those decisions.

lmao

Imagine trying to leave out the context of that quote to shoe horn it into another point, yikes.

That is literally the context of that quote.
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Questionmarktarius
11/26/18 3:17:07 PM
#78:


Bio1590 posted...
That is literally the context of that quote.

It's spin and nothing more.

Barely-obfuscate that you're cutting out slow-selling low-profit models, with a thin claim that you're saving the world somehow.
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Antifar
11/26/18 3:23:43 PM
#79:


I asked a direct question in post #65 that I think deserves an answer.
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iClockwork
11/26/18 3:26:52 PM
#80:


Antifar posted...
Do you believe global warming is happening?

Yeah bro! That blizzard that just swept through the Midwest dumping snow and shutting down travel was warm and cozy.
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Bio1590
11/26/18 3:27:31 PM
#81:


Questionmarktarius posted...
Bio1590 posted...
That is literally the context of that quote.

It's spin and nothing more.

Barely-obfuscate that you're cutting out slow-selling low-profit models, with a thin claim that you're saving the world somehow.

No that quote is actually from Proudclad's brain. It's not from GM or anything.

GM's following the money. Proudclad tried to pass some bullshit off that they made this "hard decision" to fight climate change.
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Questionmarktarius
11/26/18 3:29:42 PM
#82:


iClockwork posted...
Antifar posted...
Do you believe global warming is happening?

Yeah bro! That blizzard that just swept through the Midwest dumping snow and shutting down travel was warm and cozy.

That's why it's called "climate change" now.
Too damn hot? Blame climate change
Too damn cold? Blame climate change
High temp records still lingering from the 1930s? Obviously climate change.
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Antifar
11/26/18 3:30:08 PM
#83:


iClockwork posted...
Antifar posted...
Do you believe global warming is happening?

Yeah bro! That blizzard that just swept through the Midwest dumping snow and shutting down travel was warm and cozy.

A blizzard in one small region of the world says very little about global warming, especially compared to say, this past October being the second warmest on record worldwide
https://weather.com/news/climate/news/2018-11-20-october-2018-global-temperatures-nasa-noaa-jma
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Tmaster148
11/26/18 3:30:47 PM
#84:


Questionmarktarius posted...
iClockwork posted...
Antifar posted...
Do you believe global warming is happening?

Yeah bro! That blizzard that just swept through the Midwest dumping snow and shutting down travel was warm and cozy.

That's why it's called "climate change" now.
Too damn hot? Blame climate change
Too damn cold? Blame climate change
High temp records still lingering from the 1930s? Obviously climate change.


You both really have no clue about the actual science behind climate change. Otherwise you wouldn't say such idiotic things.
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booboy
11/26/18 3:32:49 PM
#85:


Meanwhile, 5/6 of the Japanese automakers are advancing small cars in performance, efficiency, and reliability, while gaining the sales to reflect that.
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Questionmarktarius
11/26/18 3:33:19 PM
#86:


Tmaster148 posted...
You both really have no clue about the actual science behind climate change. Otherwise you wouldn't say such idiotic things.

Never let facts get in the way of good hyperbole.
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iClockwork
11/26/18 3:36:27 PM
#87:


Questionmarktarius posted...
That's why it's called "climate change" now.

Antifar posted...
A blizzard in one small region of the world says very little about global warming

Which is it? You guys can even keep your fairy tales straight.
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King_Hellebuyck
11/26/18 3:37:31 PM
#88:


So now the troll narrative is both that GM is concerned about climate change and climate change isnt real because weather exists?
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Questionmarktarius
11/26/18 3:41:59 PM
#89:


King_Hellebuyck posted...
So now the troll narrative is both that GM is concerned about climate change and climate change isnt real because weather exists?

...yes.
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Antifar
11/26/18 4:22:23 PM
#90:


iClockwork posted...
Questionmarktarius posted...
That's why it's called "climate change" now.

Antifar posted...
A blizzard in one small region of the world says very little about global warming

Which is it? You guys can even keep your fairy tales straight.

We are two different people. Questionmarktarius doesn't speak for me, nor I for him.

Global warming is an accurate description of what is happening: the planet as a whole is getting hotter. The term climate change is a broader one, and takes into account the fact that some of the impacts of those increased temperatures will mean more volatile weather in more ways than just heat.
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Questionmarktarius
11/26/18 4:26:42 PM
#91:


Antifar posted...
The term climate change is a broader one, and takes into account the fact that some of the impacts of those increased temperatures will mean more volatile weather in more ways than just heat.

Temperate zones are in for a wild ride, yes.
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Antifar
11/26/18 4:34:27 PM
#92:


https://twitter.com/TomNamako/status/1067165754087354374

Watch out, we've got a bad ass over here
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King_Hellebuyck
11/26/18 4:38:01 PM
#93:


Antifar posted...
https://twitter.com/TomNamako/status/1067165754087354374

Watch out, we've got a bad ass over here

I thought the government shouldnt be able to force private companies to do things?
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Questionmarktarius
11/26/18 4:46:35 PM
#94:


Work will stop, but plants will not officially close. The future of those facilities will be determined during 2019 negotiations with the United Auto Workers.

Most likely a retooling over the next few months or so, then a recall for any employee that hasn't wandered off elsewhere.
It's not exactly easy for a factory to change from one model to another. Even year-end model changes usually shut down the lines for a month or so.
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PleaseClap
11/26/18 4:50:58 PM
#95:


iClockwork posted...
Antifar posted...
Do you believe global warming is happening?

Yeah bro! That blizzard that just swept through the Midwest dumping snow and shutting down travel was warm and cozy.

I had a taco for lunch yesterday, so therefore world hunger is a lie
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BlingBling22947
11/26/18 5:35:29 PM
#96:


See ya.
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