Business 2.0 Press - Latest Comments in Congress to vote on automaker bailout, Likely to fail

Re: Congress to vote on automaker bailout, Likely to fail

Jason — Wed, 19 Nov 2008 10:36:17 -0000

Toyota knows that unions today kill companies. Unions had a purpose today they have out lived their usefulness. I live about 20 minutes from Flint Michigan where the unions started. I have family that works and has worked for GM. One of them wipes excess sealer and he makes $44 before all the benefits he gets. I don't want to see GM close its doors but until they bust the Unions strangle hold on it. GM will have to close its doors. Another family member works at a non union parts maker and makes $19 per hour plus benefits.

Re: Congress to vote on automaker bailout, Likely to fail

Chris Spagnuolo — Wed, 19 Nov 2008 08:58:09 -0000

Do you know how many hourly jobs GM has laid off from 2006 to July 2008? Take a guess. How about 34,000? And now, they're talking about another 5,500 layoffs. How many hourly jobs has Toyota’s American production system laid off in the same time frame? Zero. That’s right. ZERO. So, what does Toyota know that GM doesn't?

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Re: Congress to vote on automaker bailout, Likely to fail

Jason — Wed, 19 Nov 2008 08:18:24 -0000

The UAW needs a little tough love. It derailed the Cerberus deal at Delphi. Today GM suffers a loss of about $2,000 per vehicle sold. On the other hand Toyota whose employees are not part of the UAW earns a profit of about $1,200 per vehicle sold. If GM was able to operate with labor prices near Toyota’s it would have pocketed an additional $29,715,200,000.

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