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The demise of the OEMs
- Thread starter Buckminster
- Start date
Knightshade
Well-Known Member
Weird way they're doing it- it's like ONE part of ONE factory for each of the big 3- everyone else keeps working... and I guess they plan to rotate which plant and what part of it goes on strike to "keep them guessing"
Which seems... a lot less crippling to the big 3 than just "We're all on strike at all plants"?
Which seems... a lot less crippling to the big 3 than just "We're all on strike at all plants"?
Even if the “big 3” can still produce vehicles during the strike, it doesn’t sound like they will be delivered. Ouch.
finance.yahoo.com
Teamsters won't deliver Detroit 3 vehicles if UAW strikes
Teamsters Local 299 President Kevin Moore said, "I understand their struggles and their issues." Truck drivers will not cross a picket line.
Don’t forget the union supports the walk out staff with partial income coverage
And union gets no dues paid when people are not working
Therefore, rhe union balances what they can afford
Interesting chess match
Whatever the UAW Strike Outcome, Elon Musk Has Already Won
"The Detroit companies’ labor costs, including wages and benefits, are estimated at an average of $66 an hour, according to industry data. That compares with $45 at Tesla, which isn’t unionized and was founded 20 years ago. Meeting all of Fain’s initial demands would boost average hourly labor costs to $136 for the Detroit companies, Wells Fargo estimated. "
If they do get all that, most likely non-union will need to increase wages as well.
Doggydogworld
Active Member
BS. UAW did not give up a penny of their wages and made only a few trivial benefit changes. Their VEBA trust which by law was pari passu with bondholders was instead given wildly preferential treatment ("you don't need bondholders to build cars" quipped one Obama admin bigwig).
The only real change was a simplification of the byzantine and grossly unproductive work rules along with elimination of the absurd "Jobs Bank" program that paid UAW workers full wages to literally sit around and do nothing.
Knightshade
Well-Known Member
Ford-UAW deal cuts wages to $55 an hour
Ford Motor Co expects operating savings of $500 million per year from an agreement with the United Auto Workers that also will make its labor costs competitive with Japanese rivals, the company said on Wednesday.
www.reuters.com
2009 UAW contract agreement said:
Doggydogworld
Active Member
The 2007 contract predated and was entirely separate from the bankruptcy. In 2007 the UAW traded away some things in order to get other things. Most notably, they sold future workers down the river with a two-tier wage plan in order to put more cash in current member, retiree and UAW executive pockets. They switched retiree benefits to the $50b++ (now $70b) VEBA trust fund, managed and controlled by UAW honchos. (Who always have their members best interests at heart, even when serving jail time on corruption charges.....)
The two-tier plan reduced the average wage cost over time, as new low-tier workers were hired. But 2007 UAW members saw wage increases. Then came the the 2009 bankruptcy deal, with massive pain that had to be spread among shareholders, bondholders and both salaried and hourly workers. Right? Wrong. Shareholders were wiped out and (non-UAW) bondholders were nearly wiped out. Thanks to the Obama admin subverting bankruptcy law, the UAW did not lose a penny of their hourly wage and their trust fund went straight to the front of the line.
Some work rules were too odious for even the Obama administration to stomach, especially the ones like Jobs Bank that paid workers for doing absolutely nothing. So the UAW did have to give those up and that did reduce automaker average cost per unit of actual productive work. But UAW members still got the same pay for hours actually worked. There was one small benefit concession I forgot about earlier. They lost the Monday after Easter as a paid holiday.
EU and the America’s cannot let the Chinese destroy these areas of native auto manufacturing
In the USA we need an additional 17% tariff to enable our big 6 of Tesla, Rivian, Lucid, Ford, GM and Stellantis to be able to offer $25K vehicles at a profit sold in the USA
The tariffs will lift the Chinese vehicles to an equivalent competitive level with NA
The 6 can leverage Mexico for the labor cost advantage as the IRA covers NA
EU needs to move fast but they might have missed their window as we see VW slowly being crushed
In the USA we need an additional 17% tariff to enable our big 6 of Tesla, Rivian, Lucid, Ford, GM and Stellantis to be able to offer $25K vehicles at a profit sold in the USA
The tariffs will lift the Chinese vehicles to an equivalent competitive level with NA
The 6 can leverage Mexico for the labor cost advantage as the IRA covers NA
EU needs to move fast but they might have missed their window as we see VW slowly being crushed
Let the incompetent OEMs die and have them be replaced by competent automakers. No more protectionism. Legacy auto has had PLENTY of warning and chose to fight the EV movement rather than embrace and prepare for it. Let them eat cake.
Think if you care about your country and people you want to protect and help evolve those companies
We are watching Tesla influence positive change at all the other five
It is a national security issue to let China get embedded into our manufacturing base
Keep them out
Its crazy
Knightshade
Well-Known Member
The US has roughly 895,300,000 acres of farmland... I'm not sure China owning like 0.03% of it is the grave national security concern you seem to think it is.
Knightshade
Well-Known Member
A start on what?
What's the danger, specifically in China owning less than 0.1% of US farm land?
Bills Gates, personally, owns nearly as much as all of China does. Is that ok but the other isn't? Why, specifically?
You've yet to elucidate any actual danger in the example you chose, other than general "fear of anyone who isn't us might be up to something" which is...not useful.
Let’s not be ignorant to Chinas plans as the USA has had for years, world influence
Now consider China gaining ownership of parts of the USA infrastructure and economy
If we feel this is not a threat to our national security we are being stupid
Need to wake up and see
If we were in China buying their farmland they would wake up, but truth is China is awake, usa cannot buy farmland there
Now consider China gaining ownership of parts of the USA infrastructure and economy
If we feel this is not a threat to our national security we are being stupid
Need to wake up and see
If we were in China buying their farmland they would wake up, but truth is China is awake, usa cannot buy farmland there
You are conflating Chinese takeover with legacy auto incompetence.
I’m not for Chinese takeover. I’m for supporting COMPETENT US companies.
I’m sure there were plenty of people saying the same thing in the 80’s when legacy auto was crushed by the Japanese. “We must protect Detroit!!!” Had we not let Japanese auto into this country, our cars would still be drivable for just a few years.