When will people learn that there is ZERO loyalty from these companies. It’s never personal, it’s just business.

@kingdrosive4102

5 жыл бұрын

Mike L and always will be

@americancitizen748

5 жыл бұрын

Mike - That is the nature of business. A business is NOT a charity.

@sureshkumar-qw9ny

5 жыл бұрын

@Mike L it is not a question about loyalty rather lack of workers union and dependent of workers healthcare on company they work in.

@Mike-ce6vr

5 жыл бұрын

American Citizen I agree with you 100%

@thelaw3536

5 жыл бұрын

@@sureshkumar-qw9ny The unions have no say here. They, as they should be able to, laid off workers via closing down factories.

this is what happens when you make a car nobody wants

@GH-oi2jf

5 жыл бұрын

Diary Productions - A lot of people wanted a Chevy Cruze. We have one and we see others anytime we go out.

@USMCasper

5 жыл бұрын

@@GH-oi2jf You see cars every time you go out? No way!

@Haircut474

5 жыл бұрын

I don't. Hardlysee any new chevy impala or buick lacrosse very rare cars

@rich2583

5 жыл бұрын

@@GH-oi2jf the bottom line is they produce too many cars

@helpmenow7

5 жыл бұрын

g gggh I bought a loaded impala

When do the taxpayers get their $11 billion back? Right. Never.

@jshepard152

5 жыл бұрын

jake black When has GM made an "excellent business choice" in the last forty years? If this is one, that would certainly be new. GM was bailed out for one reason, jobs, not because their product was especially good. So it shouldn't be surprising that the Americans who paid that bill now object to them shipping thousands of those bailed out jobs across the border.

@orlandobrown8190

5 жыл бұрын

GM paid that back with interest

@jshepard152

5 жыл бұрын

Orlando Brown They did not! There were two components of the GM bailout. The first was a loan which GM paid back. The second was an equity portion where the US government took a percentage of ownership in General Motors. The ownership was later sold and the taxpayers lost $11.2 billion dollars on the transaction. People who work for GM pretend not to know this but it's common knowledge among anyone who knows anything.

@boobylinks

5 жыл бұрын

The Feds sold their ownership stake of shareholdings back to GM at a loss of $10 billion but in exchange resulted in saving 1.2 million U.S. jobs and preserved $34.9 billion in personal income and social insurance (Social Security, Medicare) payments. www.usatoday.com/story/money/cars/2013/12/09/gm-treasury-bailout-jobs-saved/3928767/

@bustersmith5569

5 жыл бұрын

J Shepard WOW are you kidding ??? That's crazy !!!

I don't pray for it but I can imagine suicide rates going up.

Think hard before buying any of the 6 vehicles that will be cut by GM. Hopefully the quality will be OK.

@SoCal_rnr

5 жыл бұрын

And no one is even mentioning those that are being cut sadly and the Impala is one of them which is one that is a minor player in their lineups

@mxferro

5 жыл бұрын

No...boycott them mother f#ckers forever!! Companies only pay attention to money flow..or lack of it...not public out cry ..but of no money in their accounts!!

@mrpmj00

5 жыл бұрын

huh? That came out of left field.

@davidhofstra9095

5 жыл бұрын

Charles M Rinehart The quality of GM cars were already suspect at best. Lol

@mrpmj00

5 жыл бұрын

@David: You're a suspect....lol.

GM bet wrong that the public will continue buying their crappy cars.

14,000 families.... just before the holiday seasons. Man, that's heartless.

I'm a taxpayer and I never got paid back from them where's my piece of the pie at they use my tax dollars to bail them out they need to pay me back in cash

The rich are getting richer. The poor are getting poorer. We need to just boycott GM.

@thinhphan3816

5 жыл бұрын

tholeetruck gm never made good cars they suckkkk

Henry Ford shut down production of the Model T to retool the factories and produce the Model A. It saved Ford. Getting to the future can be painful in the short run, but it is what they are doing.

@persebra

5 жыл бұрын

the company will be "saved" but the community, workers pay the price, and now with a tax cut and no penalty for moving overseas, the country loses too. TAX HIKE FOR THE CORPORATIONS.

GM never reinvented their cars! When it comes to style and design they are several years behind foreign companies.

Minus the people who voted for T, I feel for the rest of them.

@manbeastx69

5 жыл бұрын

But I thought Obama saved them and they should be doing so well.

@USMCasper

5 жыл бұрын

Bet you love Obama and the tax money he bailed them out with. Hypocrite.

@RFJersey

5 жыл бұрын

I’m sure GM would not have shuttered it’s plants if Hillary was President. Lol. You liberals are the biggest sore losers on the planet.

@27273100

5 жыл бұрын

@Dra O -- 14k may sound like "nothing" to those who are hanging on to their jobs by their fingernails, but for those who have lost their jobs, it's a whole other talk show.

@27273100

5 жыл бұрын

@@RFJersey -- the workers are politically diverse so the closings directly affect them. It's not just Democrats in GM workforce, it's Republicans, Independents, Green Party, the list goes on. The plant closings are affecting them on a livelihood level.

So is GM supposed to keep making cars people don't want to buy? The logic.

@malakib1998

5 жыл бұрын

People still want to buy sedans. I do. People should stop generalizing. Yet when gas prices rise, those same people will want to buy those vehicles they supposedly didn't look twice to.

@Whitneypyant

5 жыл бұрын

Margie Bautista and yet they are under performing.

“I moved my family twice for this company” As a grown up, you should know that’s a business and it’s main goal is to make profits. Your main job is to have a personal back up for your family instead of expecting your employer to do so. GM wasn’t making money with sedans so they are doing away with them to focus on where they make their profits which is trucks and Crossovers. They can’t just ignore that and keep making sedans, paying employees but not moving the products.

Is anyone else saying WTF when GM stated they’re dropping the Volt (which they spent ridiculous amounts of money to design and create), but they want to focus on electric vehicles? 🤦‍♂️

I'm not sure why everyone is crying and acting suprised. I have been observing mass layoffs and closings this past year and the media is hardly covering them. This is just the beginning.

Kinda blame consumers for not buying sedans and buying suv instead.

No such things as company loyalty...

People who have purchased SUV's and trucks in record numbers from General Motors are mostly responsible for these cuts.

@kevinmorrison9569

5 жыл бұрын

That what people want its supply and demand simple to understand.

@AdamSmith-gs2dv

5 жыл бұрын

@@malakib1998 The Crossovers actually get pretty decent MPG. This isn't 1990 when going from a sedan to SUV meant going from 30mpg down to 15mpg...

@colin1528

5 жыл бұрын

@@malakib1998 Ford for example they still plan on producing cars just they wont be sold in the US.

@CMRinehart

5 жыл бұрын

@@colin1528 The only car Ford will offer in late 2019 will be the Mustang. The Focus Active Crossover (made in China) will not be sold in the U.S. because of 25% tariffs. The Focus, Taurus and Fiesta will be the first to go. Ford will end production on the Focus in May 2018, the Taurus in March 2019 and the Fiesta in May 2019. The mid-size Fusion will stick around a bit longer.

@kevinmorrison9569

5 жыл бұрын

@@malakib1998 That's what Americans do complain what is your point.

Autonomous vehicles? Are you kidding me? So the company is cutting jobs to make way for future autonomous vehicles? This makes absolutely no sense. There is no demand for autonomous cars!!! People want to drive their own cars!!!! So families go hungry while GM makes plans for a product that will never sell. Yeah that really makes a lot of sense.

Why are they closing it? Because they want to make another vehicle? What? That's like owning a bakery and saying you have to shut down and fire everyone Because you want to make a new kind of cake.

Look in the mirror, your all to blame for this necessary business decision. What are people buying these days.? Sad for the employees,but a necessary restructuring to the current market demand and the new environmental regulations.

The guy at the dealership was blinking so much , it started to bother me lol

A lot of the dealerships play a role in this too. Another issue that no one is talking about is the fact that there are a lot of potential buyers who would like to buy a car but get shut out due to credit problems. They get turned down because of bad credit or no credit at all, even if they have a job that pays them well enough to afford it. That, in turn, leaves dealerships with a gluttony of cars that they cant sell. Now you're seeing the consequences of exclusion.

When exactly does the winning start?

@Lillyluved

5 жыл бұрын

@Dra O you know what they say when you assume.

@ronaldcammarata3422

5 жыл бұрын

@Dra O Only the rich win? Too true.

@theQuestion626

5 жыл бұрын

+jake black ... But that's not what they're doing.

@o9rgeronimo979

5 жыл бұрын

When you get a job

@theQuestion626

5 жыл бұрын

@Chris S about the same as the billions in tax cuts Trump the bloated huckster gave them, wager. There is however only one important discernible difference between the two... During Obama's years those jobs weren't out sourced. Barely at the end of Trump's fiscal year thousands are being outsourced. Whoops!

this is funny, it's funny how they say the public wants bigger vehicles, like SUVs, and trucks. But every time I go to the pump the average American puts about five to ten bucks in gas on a big SUV, or a gas hog like a truck. This simply makes no sense. If these are really the facts, then know wonder 70% of Americans live paycheck to paycheck.

I will never buy a GM again!

I am sorry to say but the world has pretty much caught up with the USA with regards to technology and worker productivity. We cannot have much higher wages here and compete wit the world. So we either have to put up trade barriers and quotas or allow our standard of living to fall while the rest of the developing world rise until we meet in the middle.

Nothing new here GM been opening and closing American plants since forever. I'm a truck driver that use to deliver direct to the Detroit-Hamtramck plant and was laid off in 2016 when they downsized n before that use to run shuttles for their Lake Orion Assembly Plant and is currently running loads for their Flint plant the last seven out of the eight years I've been a truck driver I always get jobs with the automotive industrys the main reason is because I live in Detroit and here it's quite easy to get a job that have something to do with the automotive field another reason is I enjoy working off the schedule of these plants they get holidays off and two weeks off in the summer for change over and one thing I learned about working in the automotive field is to keep a good nest egg save save save! Because one minute they have you working hard you're making plenty of hours and good money then next out of nowhere things slow down without warning and they're laying off and shutting down. The crazy part is I've always wanted to purchase a ct6 or lacrosse but they're so expensive it's like for that price I might as well get an SUV n get more bang for my buck maybe that's one of the reasons people are buying SUVs also.

@EMichaelBall

5 жыл бұрын

If you really want to save $$$$ you won't buy new cars.

The UAW can create its own employee-owned electric vehicle company and compete against GM.

Gm should bring back Hummer!!!!!

I don’t think I know a single person working in corporate America who hasn’t been laid off at least once during their career. This includes lawyers, engineers, accountants, all occupations straight down the line. A merger guarantees layoffs and mergers/acquisitions are happening more frequently than ever. Corporate America is a good place to make money but you’d better not get too dug in and always have your eye on the next opportunity. I’ve worked for American corporations my entire career and layoffs were just as common in the 1980s when I began as they are now.

Almost all American companies in the car sector had been feeling over the past decade the quality of the car is it’s just keeps going down.

Makes me sad.

So, the Union says " even though the product won't sell ( in part because of Union costs) keep building the product ?

I have an idea how about we send a message to big companies like general motors if you do this we will stop buying your product hit them where it hurts in the pocket.

GM CEO Mary Barra must get her salary reduced or she must get out of the company meaning she must be fired as well !!

@024dogtop

5 жыл бұрын

Shes getting a 20million dollar bonus this year. FACT.

Heartbreaking to see the people hurting so bad. Be grateful everyone for wat u have.

This what happens when you continue to build unreliable, sub par vehicles and charge premium. Next up, Jeep!

Wow That’s Crazy 💯🤦🏽‍♂️

American cars are terrible

The golden calf iz real!😠

WASHINGTON (Reuters) - The U.S. government lost $11.2 billion on its bailout of General Motors Co (GM.N), more than the $10.3 billion the Treasury Department estimated when it sold its remaining GM shares in December, according to a government report released on Wednesday.

Jeez! I had a Pontiac, an Olds and now a Volt. Will I ever own a GM car that doesn't become an orphan??

10 years back they went from $92 a share down to only $3. Either GM or Chrysler.

Wow didn't Ford recently also announce they would only build trucks /Suvs etc. Instead of small cars ?? Whats going on?

They should have slowly shifted production lines of cars that have good sales to the US. The closing of these factories are producing cars that not many people buy. Chevy, Buick, GMC, and Cadillac are their biggest lines. Yet half or close to half of their lineup is undesirable. They have to reinvent themselves if they are to survive.

This does not shock me. Keeping interest rates this low for this long has fueled years of consumer debt growth, supporting big 3 top line sales for the last decade. Look at auto loan ABS. Now look at leasing growth relative to new sales over the past 5 years. Rising rate headwinds are slowing demand and off-lease volume is flooding the secondary market, which will influence new car pricing/demand. We are at the forefront of the end of a historic credit cycle (and 40 year bond bull market). Rates can only go up from here and America's balance sheet isn't ready.

The new law of evolution in corporate America seems to be survival of the unfittest. Well, in my book you either do it right or you get eliminated!

Unions have cost companies a ton of money since the 2000s. Nobody talks about the suppliers

Oil prices are cyclical. As soon as gas goes to $5 per gallon, people will demand small sedans and electric/hybrids again.

Everyone should have known this would happen. UAW is a double edged sword. UAW won the war but lost the battle. UAW now has to deal with Ford and Stellantis wrath.

I think that they are also tired of paying Opel technology licenses for some of the models they are cutting now. The EV and Global A platforms was co-developed when they where still one company.

The ODS are going to increase.

It doesn’t seem like they have enough money to feed all their workers..if the products aren’t selling..the moneys not flowing

My guess quality will go down at the plants that are supposed to shut down.

In the 20 months leading up to the 2016 election, there were 4.1 million new jobs created, compared to 3.9 million in the 20 months after the election. Considering that you need better than 180,000 new jobs per month just to keep up with the demographic changes, Trump's got nothing to brag about.

@grantapalooza998

5 жыл бұрын

Pete 913 I always wonder what jobs are exactly created and how many jobs were lost

@6h471

5 жыл бұрын

Grant bucy My guess is that lost jobs enter into those figures as well. I'd also like to know what sort of jobs were gained or lost.

@WarriorsCherub999

5 жыл бұрын

+Chris S lol clearly your parents are first cousins.

There's thing called a "General Strike" was kinda useful back in the day actually got us a lot of important things we hold for granted now lol. People might wanna look it up sadly even some people in these Unions don't even know much about these things.

Same happening on the other side of the pond .... also Bombardier cutting jobs in Canada, Northern Ireland and Derby U.K . Batten down the hatches ....storm approaching !

GM is a business. They are in business to make money so its not personal its business.

If you want job security these days you better get into healthcare or law enforcement. These factory/manufacturing jobs are not where its at.

I can understand if the affected cars weren't profitable or selling well, but is it really necessary to shut down factories because of that? I'm glad that GM has since offered to shift some workers to other plants, but why not develop or shift another vehicle into the existing plants?

@joshm.9308

5 жыл бұрын

@john hill Fair point. Many executives only care about themselves along with their board of directors anyway. Anybody lower than that is sadly irrelevant to them.

I wonder if the UAW will strike

Ironic,Can't depend on the automobiles either. Jobs going to China certainly make democrats very happy.But, they are going to act like they care about the workers.

I live on an island found in the Indian Ocean known as Mauritius. Honestly guys, I just cannot explain it myself! But most of the people in my own country have left their car aside & started buying SUV because of practicality. It's just like that, instead of wasting some $25000-$40000 in sedan cars, it's better to buy Japanese SUV as you can go everywhere with them & they are more affordable than sedan cars. The trend nowadays is that more people are simply looking forward to buy SUV's instead of sedan for practicality, efficiency & family security. I myself, I've been driving cars over the past 20 yrs & recently I just sold my Chevrolet Cruze & bought a Honda Vezel ( Hybrid) for fuel efficiency & practicality. Nowadays, it's not luxurious cars that counts, it's practicality & It's where SUV's comes into the picture. I'm simply sad to see that GM has decided to close out due to competitors but nevertheless , GM could also have saved the job of all its workers by diversifying its products. It could have started the manufacturing of different SUV's & trucks to compete with its rivals. Anyway, that's part of life & it's pure business. As someone said, they simply don't care about loyalties! Else, they could have saved the jobs of so many workers!

I hate the crossover trend it ruins the car industry as a whole and puts sports cars and other vehicles at risk and other cars that are performance driven to be possibly next in line to be stopping production, I have a 2017 Mustang and love driving it every time and hope that the mustang never gets booted from Fords line up if so ill just move to dodge.

Surprised their not cutting the Camaro. Thought they weren't selling well ?

Pretty grimy to layoff all those people and then turn around and give urself a $20,000,000 bonus... Should start modifying existing plants to build different cars. Its the bean counters that build these factories specific to models. They dont want to give any extra space when building to keep costs at rock bottom. Now they are stuck shutting down huge factories because the paint room cant fit a crossover, etc. You should build these factories with capabilities to do what u need at any time not a given time.

I find it interesting that the rest of the manufacturing is doing very well tariffs or not. Here where I am companies are begging for good people, so the laid off, won't be long (white or blue collar) if they want to work. There is a lot more competition with cars, Jaguars stepped up their game as well as Volvo. You've got KIA/Hyundai/Genesis out there not to mention the start up electric vehicles like Tesla. Japanese and European vehicles are still doing really well. It's a shame, I do like the new styling of the Impala, CT6, Lacrosse (all the same platform) and the Cruze.

Have done without many Christmases working for a grocery store cooler manufacturer in st Louis.

The problem is there is too many factory

compnaies are there to make profit and share holder value, always keep that in mind

I'm curious to see what GM's plan is when gas goes over $6 a gallon later on.

With all these job cuts occuring every month and businesses closings who will be able to afford these new fancy cars?

Sad...

Y are so many companies getting away with this, I feel sorry for guys fresh in the door

And the UAW had no clue , right!!! Could it be ? If so then the UAW is really smart, losing all those dues or were they compensated by GM?

The union is in on the closures what happened with the volt electric vehicle development these companies rather go overseas build for cheap then sell back to the people they did dirty

The only people execs have a duty to are the shareholders. But I thought we still owned a lot of shares.

A billion bucks more in steel costs. Hmmm, 1000000000/ 14000= 71458.

GM closed Russian plant,1 year later Russian Vehicles sales was 2nd of World sales GM sold Opel Vauxhall to Peugeot,then Peugeot sales 4.1M in2017

why can't GM just reuse the plants to build more trucks and SUVs why do they have to shut the plants down and lay all these workers off?

Absolute disgrace, share buybacks but layoffs right after major tax cuts...

@theQuestion626

5 жыл бұрын

it was really no surprise.

Them them fail. This government bailout stuff first happened in 1980. It's a bad course of action. I went broke in the 1980s and 1990s trying to maintain them. Chrysler, Ford, Olds - it was all the same crap. Finally bought something else. They just keep running like they should.

These car companies need more sports cars and less family vehicles. Most of the cars are catered to age 50 and up but what about all the new college kids??? They don’t want a crossover they what sports cars and Dodge is delivering. Please bring back the Z28 and make it 400hp rear wheel drive or a new sport coupe

I feel so bad for employees, why would we buy from a company that employs foreign countries and expect Americans to buy and bail

This is so so sad for the workers! They truly don't care about the workers that made them millions in the past!

Autonomous cars are going nowhere fast. 5 years hahaha, they predicted that 5 years ago!

Anyone who takes a manufacturing job knows the risk and potential risk of a product shutdown. If you have a manufacturing job you should save and make a plan to move if the plant shuts down. As more and more jobs are going to automated robots over the next 10 years millions of jobs will be lost. We already see cashiers being changed to self check out. Soon you will see fast food with a screen to select your meal, pull up and pay and a machine will hand you your food. UBER, taxis, buses, trains and in about 15 years airline pilots will be all automated jobs. If you have a job that can be replaced by a robot you need to start looking for another line of work with in the next 3 years. I work in technology so I have already passed this on to my children who are recent college graduates. My oldest works for a insurance company. The price of full coverage insurance in 10 to 15 years will drop to $50 a month because the more car and trucks become automated it will reduce the risk and accidents dramatically. This will also put body shops out of business or reduce their numbers.

I wonder how the unions can force GM to keep open a plant that Isn't profitable?

So they took the bailout and are bailing on their loyal employees, yea that's just greed right there

Or you know GM, you could change these plants to suv and truck plants and not lose as many jobs...

A car no one wants, for years, this is coming and all the bail out did was to delay the inevitable. Tax cut or not, this was going to happen one way or the other. I understand that, it's always easier to point fingers at someone else. If blaming someone will make you feel better, sure............

More SUV'S.....what are you going to do when we eventually run out of oil in the near future......people come on.

GM should stand for GoMove and that poor man behind the fence knows all about it.SUCKS.

Ironic that everyone is complaining about global warming but American consumers have chosen to buy the larger, less fuel-efficient trucks and SUVs instead of the lighter sedans.

@mxferro

5 жыл бұрын

The public driving bigger is cause of a number of things... First..in their minds "bigger is safer"..but only if the larger vehicle! Second...C.A.F.E. regulations impact CARS more then trucks or SUVs. Third.."image" ...hyped up public persona of success..of power , pride, aggressiveness, excess...associated with larger vehicles. Fourth..."impotent" smaller cars (even mid size like impala!) are seen as a surrender over or compliance with (in the minds of the average U.S. citizen) to government strict control and dominance as to what is officially "allowed"...the Americans see small cars as being euro/Asian lifestyle...so hence counteract by buying big.

@americancitizen748

5 жыл бұрын

@@mxferro- I think bigger vehicles are safer in general. But the liberals think we must sacrifice everything to "save the planet". I don't want to see one liberal driving a large vehicle.

@theQuestion626

5 жыл бұрын

+American Citizen I suppose it has not occurred to you it's actually possible to have a larger vehicle that is also environmentally friendly...? I noticed conservatives don't really seem to think outside of the box...

@americancitizen748

5 жыл бұрын

@@theQuestion626 -Conservatives? This has nothing to do with politics. There is no such thing as a gasoline- (or diesel-) powered vehicle which is "environmentally friendly". They all pollute. It takes more energy to move a larger mass. Basic physics... You probably think Obama did not pollute when he took Air Force One to Hawaii just to play golf.

@theQuestion626

5 жыл бұрын

+American Citizen no more than Trump leaving his carbon footprint everytime he has to take a weekly taxpayer-funded vacation after I suppose. it's basic physics to move a larger Mass which does require larger amounts of power however the argument that is being presented against electric power is rather complacent in backwards saying that petroleum and natural gas and even coal are the only ways. conservatives don't even want to try to research other avenues of Energy Efficiency that is both environmentally friendly and produces as well as petroleum.

Sad for does who are in the middle of buying a home they will have to fined a nother job that pays near what they where making to keep up with their life stile and that's going to be the hard part.

@perryellis9645

5 жыл бұрын

dont feel bad for the people buying a home, since they can always stop looking. feel bad for the people who already bought a home and now has to figure out how to make the mortgage payments, cuz you konw these people will never find a job that comes close to what they are being paid now. Since most of them dont have a college education, nor do they have any REAL particular set of skills.

Quantity over quality + bad management

The auto industry is becoming another low wage industry for all hourly workers. Not tier 1’s cause they’re set but tier 2’s and temps. I should know, I was a temp at Chrysler for over two years without ever getting offered a permanent position and I was one of the better workers.

This isn't anything new. It's been going on for many years already. Won't be too long before Robo Cop/Robo Doc becomes a real thing.