billvon 2,450 #1 March 10, 2009 In a smart move yesterday, the UAW agreed with Ford to cut back some benefits in return for some Ford concessions. (Mainly breaktime, bonuses and COLA increases.) Ford thinks this will allow them to make it through the recession without any government loans. Hopefully GM (and the UAW employees there) will be able to find a similar compromise. If not, well, Ford may just take over GM's market, and the GM workers may be applying to Ford in the near future. Quote Share this post Link to post Share on other sites
Unstable 8 #2 March 10, 2009 LOL I have gotta say, watching Ford go through this all has made me want to buy American Again! Taking pride in making it on your own - I'll bet Henry Ford is pretty proud right now.=========Shaun ========== Quote Share this post Link to post Share on other sites
Unstable 8 #3 March 10, 2009 Quote Ford thinks this will allow them to make it through the recession without any government loans. I like how we are calling them loans. It's almost like we think GM is going to pay them back or something!!! lol=========Shaun ========== Quote Share this post Link to post Share on other sites
cliffwhite 0 #4 March 10, 2009 Quote*** I like how we are calling them loans. It's almost like we think GM is going to pay them back or something!!! lol*** The thing about bailouts is that even if they do payback every penny plus interest, the American people lose out due to the inflationary effect of printing all the dollars used for the bailout. Sort of a hidden tax. Blues, Cliff2muchTruth Quote Share this post Link to post Share on other sites
Unstable 8 #5 March 10, 2009 QuoteIf it's approved by the manufacturer, it's TSO'd. Now I'm not against the Bailout; as an Industrial Engineer, I think that the manufacturing sector of our economy is more important that anybody in Washinton Realizes. I just think that the GM head honchos are going to, in 5 years or so, find some political schmoozebag to get them off the hook for their debts. It's a familiar song that the Execs are all too good at..=========Shaun ========== Quote Share this post Link to post Share on other sites
Coreece 190 #6 March 10, 2009 Quote Hopefully GM (and the UAW employees there) will be able to find a similar compromise. If not, well, Ford may just take over GM's market, and the GM workers may be applying to Ford in the near future. Jay Leno will have a free show for all of them. http://www.clickondetroit.com/news/18893627/detail.html At least they'll be able to laugh...Your secrets are the true reflection of who you really are... Quote Share this post Link to post Share on other sites
Unstable 8 #7 March 10, 2009 Man, Jay Leno is gaining weight.... =========Shaun ========== Quote Share this post Link to post Share on other sites
FreeflyChile 0 #8 March 10, 2009 Quote Hopefully GM (and the UAW employees there) will be able to find a similar compromise. If not, well, Ford may just take over GM's market, and the GM workers may be applying to Ford in the near future. Jay Leno will have a free show for all of them. http://www.clickondetroit.com/news/18893627/detail.html At least they'll be able to laugh... No they won't - it's Jay Leno. Quote Share this post Link to post Share on other sites
Gene03 0 #9 March 11, 2009 QuoteQuoteIf it's approved by the manufacturer, it's TSO'd. Now I'm not against the Bailout; as an Industrial Engineer, I think that the manufacturing sector of our economy is more important that anybody in Washinton Realizes. I just think that the GM head honchos are going to, in 5 years or so, find some political schmoozebag to get them off the hook for their debts. It's a familiar song that the Execs are all too good at.. Hhmmm, Concessions to keep your jobs. Now where have we heard that before? Oh yeah, anyone remember the Chrysler takeover buyout and subsequent closing/gutting of American Motors Corporation a few years ago?“The only fool bigger than the person who knows it all is the person who argues with him. Stanislaw Jerzy Lec quotes (Polish writer, poet and satirist 1906-1966) Quote Share this post Link to post Share on other sites
riddler 0 #10 March 11, 2009 Ford doesn't deserve the contempt that is due to GM and Chrysler. Things aren't good for them either, but they said they didn't need a bailout yet - they were smart enough to manage their money and have enough in reserves to make it another year. Now they're doing what everyone else is doing - finding creative ways to cut costs. I have a 10-year old F-150, never had a problem with it - great truck, good company. I bought that auto because an older F-150 that I was driving was hit by a semi, and I lived - a smaller car would have been the end of me - but I never had any problems with that truck either.Trapped on the surface of a sphere. XKCD Quote Share this post Link to post Share on other sites
Andy9o8 0 #11 March 11, 2009 I'm helping my kid shop for a used car that's decent, safe and affordable. Tall order with all factors. Lotta Ford Tauruses keep popping up in the search parameters. GM would do well to take a lesson. Quote Share this post Link to post Share on other sites
Hausse 0 #12 March 11, 2009 The only thing the bailout is, is a political maneuver. GM will inevitably go down but it would look bad for the politicians if it would right now as unemployment is already skyrocketing. It works for them as it's not like they would have to recoup the wasted money... Quote Share this post Link to post Share on other sites
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