Comments on: BREAKING: Bipartisan Auto Aid Deal Reached http://gm-volt.com/2008/11/20/breaking-bipartisan-auto-aid-deal-reached/ Real-time news, information, and discussion about the Chevrolet Volt. Sat, 20 Mar 2010 13:09:33 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: JeffNY http://gm-volt.com/2008/11/20/breaking-bipartisan-auto-aid-deal-reached/#comment-81954 JeffNY Fri, 21 Nov 2008 03:53:15 +0000 http://gm-volt.com/?p=1388#comment-81954 ...in fact can someone tell me what management and the UAW are willing to give up to get these companies profitable again? Gettelman again just two days ago (while the hearings were going on!) said "no concessions or give backs" from the UAW. So I guess saving these three companies is all on the taxpayer....I guess when you contribute enough $$$$ to these elected officials in Washington you can get away with this. Wonder how much of the $25 BILLION will end up as political contributions back in the pockets of the senators who vote for this? …in fact can someone tell me what management and the UAW are willing to give up to get these companies profitable again? Gettelman again just two days ago (while the hearings were going on!) said “no concessions or give backs” from the UAW. So I guess saving these three companies is all on the taxpayer….I guess when you contribute enough $$$$ to these elected officials in Washington you can get away with this. Wonder how much of the $25 BILLION will end up as political contributions back in the pockets of the senators who vote for this?

]]> By: JeffNY http://gm-volt.com/2008/11/20/breaking-bipartisan-auto-aid-deal-reached/#comment-81951 JeffNY Fri, 21 Nov 2008 03:39:32 +0000 http://gm-volt.com/?p=1388#comment-81951 25,000 Million ...... that's a lot of money to give someone when they can't even show a "plan" to make money again. The hearings this week were an embarrassment and indication of the problem. These CEO's fly in in there corporate jets, only one agreed to work for a $1.00 a year until things turn around and they sit there and stammer and stutter trying to answer questions. THEN they can't even tell us what they need the money for or what the "plan" is to fix this!!! It's outrageous. Thing is I really don't have an issue with some of these guys making $2 million a year if they were getting companies like GM MAKING billions a year...instead GM has lost $20 Billion this year. It looks REAL bad when you are getting the pay and perks these guys get.....while they sit there and have their hands out looking for our taxpayer money to do God knows what with. Shame on ALL the senators who vote for this hand out without knowing where the money is going or how it will be paid back. Nobody wants these three companies to go under, we just want them to build quality, price competitive products that people want to buy. 30 years of NOT doing that has us where we are today. 25,000 Million …… that’s a lot of money to give someone when they can’t even show a “plan” to make money again. The hearings this week were an embarrassment and indication of the problem. These CEO’s fly in in there corporate jets, only one agreed to work for a $1.00 a year until things turn around and they sit there and stammer and stutter trying to answer questions. THEN they can’t even tell us what they need the money for or what the “plan” is to fix this!!! It’s outrageous. Thing is I really don’t have an issue with some of these guys making $2 million a year if they were getting companies like GM MAKING billions a year…instead GM has lost $20 Billion this year. It looks REAL bad when you are getting the pay and perks these guys get…..while they sit there and have their hands out looking for our taxpayer money to do God knows what with. Shame on ALL the senators who vote for this hand out without knowing where the money is going or how it will be paid back. Nobody wants these three companies to go under, we just want them to build quality, price competitive products that people want to buy. 30 years of NOT doing that has us where we are today.

]]> By: jkh2000 http://gm-volt.com/2008/11/20/breaking-bipartisan-auto-aid-deal-reached/#comment-81947 jkh2000 Fri, 21 Nov 2008 03:04:45 +0000 http://gm-volt.com/?p=1388#comment-81947 Casey come on guy.....thank God for Bush. Thanking the one and only man who has single handedly caused this mess worldwide. I still feel that bankruptcy and reorganization would have made better sense. Now with more money being poured in Chrysler can just ignore the fact that they rushed the bonuses to their fat cat top people and still had guts to have their hand out infront of our legislative people. I work in a small rural hospital and nobody is bailing out the small guy in healthcare.....and I was just hoping for a huge bonus before we shut the door.. Casey come on guy…..thank God for Bush. Thanking the one and only man who has single handedly caused this mess worldwide. I still feel that bankruptcy and reorganization would have made better sense. Now with more money being poured in Chrysler can just ignore the fact that they rushed the bonuses to their fat cat top people and still had guts to have their hand out infront of our legislative people. I work in a small rural hospital and nobody is bailing out the small guy in healthcare…..and I was just hoping for a huge bonus before we shut the door..

]]> By: fred http://gm-volt.com/2008/11/20/breaking-bipartisan-auto-aid-deal-reached/#comment-81941 fred Fri, 21 Nov 2008 01:33:09 +0000 http://gm-volt.com/?p=1388#comment-81941 I thought I saw a VOLT in front of me on the highway but as I caught up to it I saw malibu on it. I'll keep watching. I thought I saw a VOLT in front of me on the highway but as I caught up to it I saw malibu on it. I’ll keep watching.

]]> By: N Riley http://gm-volt.com/2008/11/20/breaking-bipartisan-auto-aid-deal-reached/#comment-81895 N Riley Thu, 20 Nov 2008 21:45:42 +0000 http://gm-volt.com/?p=1388#comment-81895 Working together can sometimes work. Sometimes we get more problems than the original problem would have caused. We will have to wait and see. None of this fixes the auto companies' real problems. Just keeps them afloat for a few more months. For them to survive, they must have financing that would carry them through the next 3 years. Or should I say, access to loans, instead of financing. If they need a little more cash, it would be available, if they don't need it, great. The only real solution is either Chapter 11 or get them through next year so they can start receiving some benefits from reduced labor, pension and health care cost. During the same time they, especially GM, needs to re-work their dealer network after they start receiving reduced cost, as stated prior. But, they must survive through 2009 and well into 2010 to see any savings. The government loan (financing) would be available to help them re-work the dealer network, re-tool their factories, reduce the number of car lines and design and bring to production new more efficient vehicles, including the Volt. Working together can sometimes work. Sometimes we get more problems than the original problem would have caused. We will have to wait and see. None of this fixes the auto companies’ real problems. Just keeps them afloat for a few more months. For them to survive, they must have financing that would carry them through the next 3 years. Or should I say, access to loans, instead of financing. If they need a little more cash, it would be available, if they don’t need it, great.

The only real solution is either Chapter 11 or get them through next year so they can start receiving some benefits from reduced labor, pension and health care cost. During the same time they, especially GM, needs to re-work their dealer network after they start receiving reduced cost, as stated prior. But, they must survive through 2009 and well into 2010 to see any savings. The government loan (financing) would be available to help them re-work the dealer network, re-tool their factories, reduce the number of car lines and design and bring to production new more efficient vehicles, including the Volt.

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