[DMCForum] Re: Delphi files for Chapter 11 bankruptcy protection...DAMN

["Joe OBrien" <joeyoseppijoe@xxxxxxxxx>]

Sad to say, but I can't wait for GM to cease operations period. 

Yes it will be bad for a time, but in the ashes we will have a chance 
for some new thinking when it comes to vehicle technology and making 
vehicles that can use sustainable energy, and the less politically 
involved corporations the better we consumers are.




-Joe





--- In DMCForum@xxxxxxxxxxxxxxx, "timnagin" <timnagin@xxxx> wrote:
>
> The ramifications are definitely serious.  I have to wonder about 
any
> company that places the executives above all other employees 
though.  By
> doing so, did they not set themselves up for failure and thus 
deserve what
> happens to them?  I don't mean the lower employees deserve this, 
just to be
> clear.
> 
> I can not verify this as absolute but read that the lowly workers 
were
> offered 63% of their current pay yet the executives were retaining 
their
> full pay and bonuses, some of these bonuses were in the millions of 
dollars.
> I can't help but wonder if those executives made the proper 
decisions for
> the company or for their own bank accounts.
> 
> I bet all that happens is they restructure, move some of the 
operations
> overseas and the executives keep collecting their paychecks.  One 
or two of
> the top people may be investigated or something to keep the 
investors happy.
> In the end the lowly worker will pay for it, as will we taxpayers.
> 
> When GM saw a sharp decline in income they laid off employees and 
cut back
> on expenses.  When Henry Ford wanted to increase sales he doubled 
the
> salaries of his employees so they could buy what they built.  GM 
has it all
> backwards, and it looks like they haven't even yet figured out they 
need to
> build exciting vehicles.  The only thing GM makes that I could even 
consider
> buying is the Corvette.
> 
> I talked with a former vendor today about an incident with Ford.  
Apparently
> when Nasser was replaced the new guy canceled some of the "exciting"
> developments Ford was working on.  They lost a contract worth about 
$55
> million and had to dispose of about $7 million in inventory.  That 
company
> is now gone.
> 
> Sad.
> 
> Greg
> 
> 
> 
> 
> -----Original Message-----
> From: DMCForum@xxxxxxxxxxxxxxx [mailto:DMCForum@xxxxxxxxxxxxxxx] On 
Behalf
> Of beatlesra1@xxxx
> Sent: Tuesday, October 11, 2005 4:19 PM
> To: DMCForum@xxxxxxxxxxxxxxx
> Subject: Re: [DMCForum] Re: Delphi files for Chapter 11 bankruptcy
> protection...DAMN
> 
> The Delphi bankruptcy is no joke and the ramifications are serious. 
A  line 
> is being drawn in the sand and it will effect not only UAW workers, 
which
> I'm 
> not a part of, but all tier one and tier two suppliers whom supply 
parts  to
> 
> the big three and the transplant business ( Foreign Auto Makers ). 
UAW
> workers 
> are going to be forced to take huge concessions and it will be a 
domino  
> effect. American companies regardless of what they manufacture will 
follow
> this 
> lead and slash wages and benefits, this will force companies where  
it's 
> workers don't make the huge bucks to cut wages and benefits, it's 
been  a
> long time 
> coming and now it's here. I have always been in huge envy of G. M  
and Ford 
> workers making big money and I worked my ass off making minimum 
wage  and I 
> couldn't get in those places because I wasn't a family member, but 
this is
> going 
> to really effect us all. There are a lot of UAW retiree's who 
frequent  this
> 
> list that now are scared to death that they will lose there 
pensions  and
> the 
> possibility of that happening is very real. Do you know what  that 
will do
> to 
> the economy? Do you know what that will do to families? The  world 
is now 
> waiting to see what happens with Delphi/ GM and then the shit will  
really
> start..I 
> work for a tier two supplier and we have already been forced by  
the Lear's,
> 
> the Delphi's to cut pricing and it will get worse. You think the  
price of 
> American automobiles will drop but don't count on it, besides with 
all  the
> cuts 
> that will be coming who could afford them? My first reaction was 
good,  let 
> the guy making $27.00 an hour for sweeping the floor take a hit but 
if you  
> really think about it, it's going to affect all of us. This is 
very, very
> serious!
>  
> Chuck Darling
> Vin# 6125
>

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