Black Monday at GM
 

The government required a shitload of people to be canned from GM and they started today.

The stock is tanking...

good. GM sucks anyways. I hate their vehicles.

I found this...

http://www.msnbc.msn.com/id/30305317/

You still with Isuzu trucks, right? How is that market?

I thought this was going to be another of 101lifts2's "racial" moments.

It sucks...sales are very slow.

What are they used for? Reefer trucks for food delivery?

Local paper said that the unemployment rate in the county was expected to top 10% this next month, much due to job losses in the auto industry.

If the unions won't budge (help/back off/stop choking the ever-living-life out of the auto industry) what do you expect?

Some where direct Chrysler people, but a lot are tool and die makers, and tire co people that are losing work, and in some cases they're worried if they'll even get paid for work they've already done.

Up here the union gave GM exactly what they wanted. Now Chrysler is dicking around with the process trying to end up in a more favourable position, rather than save their corporate asses.

ahmen!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Garbage
Reefer
Street Sweepers
Rollback/Tow Truck
Box (rental)
Construction
Boom
Bucket
etc. etc.

Yet another reason GM is going under. Unbelievable.

http://jalopnik.com/5222908/2010-che...-brake-weights

Forumites at Camaro5 have been collectively scratching their heads for a couple days, wondering why there appear to be two layers of lead wheel weights stuck onto their brake calipers. It's a mystery Charlie Brown!

The confusion started when a poster uploaded an image of his new Camaro's Brembo calipers, on which were riding two rows of lead weights, normally affixed to the inside of a wheel rim to balance the tire. This led everyone with a Camaro to run outside to see it their mullet machine's also had the weights, which they do, at least on among the folks on the forum. GM has not answered to the confusion yet, but the leading theory is they were place on the caliper as a quick and dirty fix to alleviate brake squeal. From a physics perspective, this explanation is plausible, as resonant frequency is in large part determined by mass, and by changing the vibrating mass of the caliper with the weights, a troublesome squeal would be eliminated for a particular driving condition.

The trouble is if they're using normal brake weights, the heat cycling of the caliper will eventually cause the adhesive to fail and, if things get too serious on the track, the lead could actually melt. Though it's an odd issue and not really a big deal, we'll be keeping you in on the loop during Camaro brake-gate, though we recommend Camaro owners visit their local dealer and have their muffler bearings, blinker fluid, and piston-return springs checked out, just in case.

Holy shit. If you have the time to read up on some of the dumbest interweb posters ever, go to the Camaro5 forum. Unbelievable. Those peeps really love their Camaros.

on tv news earlier: GM CFO says they won't be able to payback 1st installmant of $1b in June

Too big or too stupid to fail? Wonder if the engineer who designed that caliper went to a gub'ment school?

Good lord, I am hooked on that thread. Its like a bad car crash, you know you shouldn't look but you just can't help it.

Ehhh...this is done all the time. Lexus used to put a big hunk of rubber on its engines for lower vibrations. Weights are put on driveshafts, drums, wheels etc. etc. etc. Those don't seem to fall off.

Purpose made, or half-assed MacGyverings like that abortion?

I never even looked at the pic...

Yep its total ghetto. LOL

sorry, but the unions served their purpose and now they're choking the life out of the industry.... paying someone $75/hour to put bolts on all day is kinda dumb...

Again, the $75.00/hr is a bullshit talking point that places the cost of RETIRED workers and their benefits squarely on the shoulders of the current work force.

It's not that they are paid $75 an hour.
I think that number is based on total benefits divided by workforce or something.

In other words, the actual take pay is $20 an hour, toss in all the benefits (pension, health insurance, misc crap) and total compensation per employee is say $55 then they toss on some legacy labor cost and blamo you end up with $75 an hour being quoted.

dunno my old neighbor who was w/ Ford UAW pulling parts in a warehouse made $28/hr. of course O/T and double time and stuff. he made about $70-80k pulling parts.......before benny's.

is it $75/hr? NO, but it sure wasn't a $28/hr job either.

Poor management is the reason these companies are where they are. Not unions. Too many models, too small of market shares.

They arent paying anyone, anything near 75$/hr... wish you people could understand this. 75$/hour per employee, is them including pensioned members, benefits, etc, squarely on the backs of the employees.

Yep, I knew someone who was working at Delphi a few yrs ago, making 27-28/hr in parts distribution, and the only prior experience he had was a couple years at a dealership where he made less than half that.

is $28/hr to high for a parts puller?

The loaded cost to the employer is $75! 75 freakin dollars per hour! If the average employee makes $25 per hour, the loaded cost is 3x that, which is way, way, way, way, way, way, way above industry average. The reason that the loaded cost is 3x the hourly wage is because of the GODDAMN UAW! Even though an employee isn't making $75 per hour, it still costs the employer $75 per hour.

The cost to build a car (or anything for that matter) is divided up between labor, materials, and overhead. If labor costs are 2x what they should be, then where is the difference made up? Materials, since a fixed overhead is required to build an average car. So, Ford, GM, and Chrysler settle for substandard materials to offset their outrageous labor costs, and thus their cars are steaming POS's. Thank you, UAW!

I couldn't agree more.

that's just it: name another industry where this happens?? hence choking the life...

Name another industry in which the companies have been permitted, by government, to under-fund their pension programmes for the last 3+ decades.

Not if you're selling a shitload of parts with a good markup.