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General Motors, Ford and Toyota PDF Print E-mail
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Thursday, 19 January 2012 10:56

General Motors with the help of our taxpayer dollars is back on the way up.

I live in Michigan and this pleases me.

However, the new GM is recording record profits and you are not.

GM hires engineers fresh out of college who have never worked under the hood.

We (yes, you and I) bailed out GM and the owners of the old stock lost all of their investments as the "New" GM was formed.

President Obama approved of this....

GM and Chrysler walked away from their shareholders (If you have a IRA or 401K - this was you) and took the bailout.

President Obama thinks this is a great thing as "he saved all of those jobs".

What he doesn't say is that the unions became weak and your pension values dropped and or are now subsidized by taxpayer dollars.

Read the Michelle Malkin excerpt below.

What he doesn't say is that because of these reorganizations, the wages of the average American Auto Worker has dropped by 40%.

Ford has the same issue in that on some of their engines, the motors need to be partially lifted from the vehicle to get to the back spark plugs.

GM and FORD also experiment with new engine and abandon their old "Proven" engines.

Toyota has been kicking the hind-ends of GM and Ford because they use "Continual Improvement Systems" on the same engine blocks they have been using for years.

GM had a proven engines in the 3.8 V6, the 5.0 V8 and the 5.7 V8 engines only to abandon them in favor of a 5 cylinder engine and newly designed V6 and V8 engines.

Toyota has motors that last 300,000+ miles and GM has engines that last 100,000 to 150,000.

Meanwhile, Toyota keeps working from the basic engine platform used for the past two decades and their engines run like the Energizer Bunny (going and going and.....).

I do not want my next vehicle to be anything but an USA made car or truck.

Hundai is built in Alabama, Toyota in Kentucky, BMW in North Carolina and GM trucks in Canada - Whats an American to do?

 

MICHELLE MALKIN on March 3, 2012 wrote;

The bailout pain was not distributed equally - it was redistributed politically.

Bondholders standing up for their property and contractual rights got shortchanged and demonized personally by the president.

Dealers and suppliers faced closures based on political connections and lobbying clout, rather than neutral efficiency evaluations.
And as I first reported in September 2010, in the rush to nationalize the auto industry and avoid contested court termination proceedings, the White House auto team schemed with Big Labor bosses to preserve UAW members’ costly pension funds by shafting their nonunion counterparts.

These forgotten nonunion pensioners (who worked for the Delphi/GM auto parts company) lost all of their health and life insurance benefits.
Hailing from the economically devastated Rust Belt — northeast Ohio, Michigan and neighboring states — the Delphi workers had devoted decades of their lives as secretaries, technicians, engineers and sales employees. Some have watched up to 70 percent of their pensions vanish.

They’ve banded together to seek justice in court and on Capitol Hill under the banner of the Delphi Salaried Retiree Association.

Through two costly years of litigation and investigation, the Delphi workers have exposed how the stacked White House Auto Task Force schemed with union bosses to “cherry pick” which financial obligations the new “Government Motors” company would assume and which it would abandon based on political expedience.
Obama’s own former auto czar Steve Rattner admitted in his recent memoir that “attacking the union’s sacred cow” could “jeopardize” the auto bailout deal.

Last Updated on Wednesday, 02 May 2012 11:05
 

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