Thursday February 16, 2012

JAPAN NEWS AND DISCUSSION

GM, Chrysler seek billions more, to cut more jobs

World Feb. 18, 2009 - 03:57PM JST ( 8 )

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8 Comments

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GJDailleultFeb. 18, 2009 - 05:53PM JST

GM market capitalization is 1.33 billion dollars. For thirty billion you could buy the company about 23 times. Yikes.
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apecNetworksFeb. 18, 2009 - 06:20PM JST

I don't know if anyone sees this, but they better get fresh, smarter leadership in the restructuring. This problem is caused by the economic environment, but intensified by other factors. Many people are concentrating on the vehicle, but it is much more.
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jeancolmarFeb. 18, 2009 - 06:40PM JST

Welcome to free market capitalism, 2009. GM and Chrysler: Give us more money which we'll pass on to our worthless CEOs while we fire more workers. The Public is feeding a diseased industry that cannot survive on its own. The only humane thing to do is to nationalize GM and Chrysler. Make the bosses work at government wages, don't fire workers, keep the plants open and sell at a loss if necessary to prime the pumps. Eventually with rational planning these loser companies can start making cars that people want.

Simply throwing welfare money at these clowns is a waste of time--and money.
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rajakumarFeb. 18, 2009 - 08:31PM JST

GM/Chrysler should try africa for growth via Obama administration increased clout in Africa.
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bebertFeb. 18, 2009 - 09:17PM JST

The only humane thing to do is to nationalize GM and Chrysler.

Sure, then the union workers could retire after 20 years instead of 30 years -with better benefits- and return to their productivity levels of the 1970's and early 80's when when one worker would do two jobs for 4 hours while his co-worker would either go to the bar or off to sleep somewhere.

Humane to everyone but the taxpayer and the victims who would end up buying the products.
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SushiSake3Feb. 18, 2009 - 09:55PM JST

What a mess. Not even 3 months ago people were saying this request for more money was practically a given.
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jeancolmarFeb. 19, 2009 - 07:04AM JST

Bebert, that is a fantasy. The overpaid CEO is the reality. The fact that those CEOs cannot manage the companies they are being overpaid to manage is also reality.

The US auto companies have had it too good. They wrecked the American public transportation system so that people were forced to buy cars. Then they spent decades building junk. Don't blame the workers, the people who only put the cars together.
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SuperLibFeb. 19, 2009 - 07:52AM JST

I think what Colmar's trying to say is, "Blame the rich."