GM to slash jobs and production

[DCHawk1]

It's like people are purposely ignoring the fact the company is no longer making the model of vehicle that the plants produced. Tariffs have nothing to do with the fact people don't want to drive sedans as much anymore.

Nothing to do with? Um, wut? You can continue to build cars that are less popular if you arent paying an additional $1 billion for the same materials. This isnt complicated.

Why would a company continue to lose money on something that they can identify has a significantly lower demand than it did 10 years ago?

Stop asking questions. You've already been told that this isn't complicated.

[twocoach]

It's like people are purposely ignoring the fact the company is no longer making the model of vehicle that the plants produced. Tariffs have nothing to do with the fact people don't want to drive sedans as much anymore.

Nothing to do with? Um, wut? You can continue to build cars that are less popular if you arent paying an additional $1 billion for the same materials. This isnt complicated.

Why would a company continue to lose money on something that they can identify has a significantly lower demand than it did 10 years ago?

Aren't most types of cars being produced today trending towards using aluminum rather than steel? Mostly due to lighter weight that improves fuel economy...but aluminum is more expensive than steel and that's why full sized SUVs price has jumped over the past decade +.


You're acting like this plant closed solely due to trump imposed tariffs, and it's not. Like they're literally telling you that's not the sole reason.

If that's what you think then you should actually read the posts I have made in this thread instead of talking out of your ass. I specifically stated that plants dedicated to producing cars the public was moving away from were doomed and that the tariffs just fast forwarded the process.

You can spend your money to shift production and jobs to new plants if you arent spending massive amounts of money on ignorant tariffs.

[DCHawk1]

YES! Because reading your posts will clarify everything!

[Shirley]

Read the article. The plants closing are making gas-powered sedans. People want the more comfortable SUVS or more versitle luxury trucks. The company is also retooling for more autonomous and/or electric vehicles as that is the direction vehichle transportation is headed.
People who work for companies building expensive things for the masses, should realize their jobs have as much longevity as the whims of humans. Those products are big and complicated and therefore slow to adapt. In case you haven’t noticed, things are changing more rapidly then ever.
Autonomous vehicles are already on the road in the US. In other countries, cities are being designed for purely ride sharing rather than car ownership.

I did read the article. Thats why I shared it. They are canning all of these people and shifting resources to different types of vehicles. There is no mention of these workers being imvolved in those changes at all.

Again, Trump sold people a bill of goods and despite the warnings of how wrong he was, some people believd him. Now the impacts of those bad decisions are in part putting some of those Rust Belt workers who put him into office out of work.

Plants that were building models of cars that the public is moving away from were already doomed for an inevitable demise. Implementing the steel and aluminum tariffs just killed them a lot faster.

According to Larry Kudlow some workers will be transferred to other plants, e.g.Texas.

"Larry Kudlow"?

Whew, that's good to hear!

Larry Kudlow may have been more wrong about the economy than anyone alive

It was the eve of the biggest economic collapse since the Great Depression. Many on Wall Street worried that a recession loomed and that the housing bubble was bursting.

And then there was Larry Kudlow, the man President Trump just tapped to be his top economic adviser.

“Despite all the doom and gloom from the economic pessimistas, the resilient U.S. economy continues moving ahead,” Kudlow wrote on Dec. 7, 2007, in National Review, predicting that gloomy forecasters would “wind up with egg on their faces.” Kudlow, who previously derided as “bubbleheads” those who warned about a housing bubble, now wrote that “very positive” news in housing should “cushion” falling home sales and prices.

“There’s no recession coming. The pessimistas were wrong. It’s not going to happen,” wrote Kudlow. “ . . . The Bush boom is alive and well. It’s finishing up its sixth consecutive year with more to come. Yes, it’s still the greatest story never told.”

If that was the greatest story, this should be a close runner-up: Trump has just put the country’s economic fate in the hands of the man who has arguably been more publicly and consistently wrong about the economy than any person alive.

Kudlow’s tendency to err has been nearly flawless, as Jonathan Chait lays out in New York magazine. But never has Kudlow been as spectacularly wrong as he was before the signal economic event of our time. If you heeded Kudlow’s advice in the months before the 2008 crash, you would have been ruined.

[Shirley]

Uh oh. When you've lost a shill like Cramer, the end is nigh?