UAW Strikes While Rome Burns

Article Submitted by: David Walsh
Corporate News


The UAW went on strike today to try and get job security. How can they demand job security when American car companies are being gutted? They should be pressuring management to build better cars since that is the only thing that will help them in the end.

 

Submitted: Sep 24, 2007    Views: 417    Comments: 2    Likes: 9   


altThe UAW went on strike today at General Motors.  I feel deeply for the families and hope that it is resolved soon.  But at the same time I can't help feeling it is much too late and over the wrong things.  The union should be protesting the company's overall strategy and the quality of the cars it has delivered to the American customer over the last 30 years.

I remember in the 1980s looking at GM cars and wondering what they were thinking.  A Cadillac that looked exactly like a Chevrolate but that cost $20,000 more?  Come on. 

To some degree GM never recovered from those bean counting days and it is still paying the price.  Toyota, Honda, Mercedes, BMW have all done well at its expense. 

I keep waiting for GM to wake up and realize that only high quality, affordable cars are going to make a difference.  Cadillac has gotten a bit better it seems, and they seem to have some popular cross-over vehicles.  But how can you take a car company seriously that still sells the horrendously ugly Grand Prix? 

And how can I feel any sympathy for a company that built bigger and bigger gas hogs while the Japanese concentrated on both gas hogging SUVs and small fuel efficient hybrids.  It always seems that Toyota and the foreign companies are two steps ahead.

I hope the strike is resolved but I really don't see a bright future for GM - or Ford and Chrysler for that matter.  American car companies can't seem to build cars anymore.

It's a shame and it will impact a lot of people.

 

 




Related Articles:



9

Email this story Email to someone | Print Story Print Content | Add to reading list

Comments Received:

I agree with you completely. The collapse of the big 3 isn't new. These guys were behind the 8-ball 30 years ago and they have only fallen further and further back.

Posted: Sep 25, 2007

Brian
(Unregistered)

Labor costs are a big reason the Big 3 are behind. That and foreign government prop up their domestic auto industries. Toyota builds cars for volume, not for profit and can get away with it because of a system that protects their home market and ensures a certain level of profit. They can afford to take an initial bath on hybrids, etc.

The real question is whether car manufacturing is even a profitable industry anymore or is better left to developing countries. Other than for defense issues, a rich industrialized nation probablyh doesn't add enough value.

Posted: Sep 30, 2007



Add Your Comments:

Your Name:

Spam protection control:


© Copyright 2008 David Walsh All rights reserved. David Walsh has granted BestCashCow.com, LLC non-exclusive rights to display this work on Bestcashcow.com.

Financial products of all nature bear inherent risks and this website is not a financial advisory service; it is a forum for users to share and to compare notes and observations on financial publications. The website provides, free of charge, the technical and logistical apparatus and the medium for users to share and to publish financial information and to comment on publications. As such, the website’s operator can not and does not take responsibility for information, observations or opinions of any sort or nature provided by third parties with whom it is not affiliated who use the website to publish, to comment or as a means of solicitation. Users are specifically warned against following any advice related to specific instruments, including, but not limited to, equity securities, that may be provided by other users directly on this site or on web pages to which other users have provided links on this site. BestCashCow.com can not and does not check or verify the qualifications and credentials of users who publish or comment on this site or on linked pages. Users should seek personalized advice from qualified professionals regarding all personal financial issues and evaluate the risks and applicability to their own circumstances of each financial product discussed regardless of who the publisher is or purports to be. Should you, through your use of this site, identify an individual or organization purporting to offer personalized advice, you bear all responsibility to ensure that the individual or organization has the qualifications that they may represent on the website, and that their advice is appropriate for your circumstances. On certain webpages, BestCashCow.com provides information related to rates on US-based savings accounts, CDs, short-term government bonds, and other US cash equivalent securities, also free of charge to internet users for their independent use. The accuracy of this information is not guaranteed, and the information, like all other information on this website, should not be construed to provide investment advice, nor to endorse a financial product of any sort.

© 2007 BestCashCow.com, LLC. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy.