14,000 GM workers tired of winning

[Pete F.]

Originally Posted by Jim in CT

As usual, you didn’t answer my question. What is the evidence, that Trump caused GM to struggle?
https://www.nytimes.com/2018/06/29/business/automakers-tariffs-job-cuts.html
Most fair minded people
give Trump credit, in a macro sense, for helping the economy. the tax cuts, the elimination of regulations, have helped. That doesn’t mean that every job created us because of him, though he will claim it is. Sure as hell, not every corporate failure is his fault.

You didn’t give him
any credit for the economy improving, but blame him for every bad thing. You can’t have it both ways.
Posted from my iPhone/Mobile device

As i have said many times, Trump gives himself plenty of credit for anything good that happens, including much of which he had no hand in. I'll let him give himself grades all he wants, he said it would be more than A+
Months ago, GM told him the tariffs were going to hurt their business, he had no comment. Trump has no clue what he is doing, there will be worse to come. Nothing happens immediately in big business.
It's his turn in the barrel now and they purposely are hitting him where it hurts his base. He's not good for their business.

[Jim in CT]

Originally Posted by Pete F.

As i have said many times, Trump gives himself plenty of credit for anything good that happens, including much of which he had no hand in. I'll let him give himself grades all he wants, he said it would be more than A+
Months ago, GM told him the tariffs were going to hurt their business, he had no comment. Trump has no clue what he is doing, there will be worse to come. Nothing happens immediately in big business.
It's his turn in the barrel now and they purposely are hitting him where it hurts his base. He's not good for their business.

Did you even read the article you posted? The article was written in June, about what "could" happen. How about what "did" happen?

GM is not going out of business. They are shutting down production of cars that people don't want. Tariffs did not shift consumer demand away from hybrids toward full batter-operated cars. Tariffs did not shift demand away from sedans to crossovers.

"Trump gives himself plenty of credit for anything good that happens, including much of which he had no hand in"

yes he does. He's an egomaniac. That doesn't mean that everything is his doing. Not all the good things, not all the bad things.

Pete, let's make this simple. If Trump's tariffs are responsible for people no longer wanting to buy the Chevy Impala, why didn't the tariffs curtail demand for the Silverado, which is GM's best-selling vehicle?

Please answer that question? Good luck!!

[Pete F.]

Originally Posted by Jim in CT

Did you even read the article you posted? The article was written in June, about what "could" happen. How about what "did" happen?

GM is not going out of business. They are shutting down production of cars that people don't want. Tariffs did not shift consumer demand away from hybrids toward full batter-operated cars. Tariffs did not shift demand away from sedans to crossovers.

"Trump gives himself plenty of credit for anything good that happens, including much of which he had no hand in"

yes he does. He's an egomaniac. That doesn't mean that everything is his doing. Not all the good things, not all the bad things.

Pete, let's make this simple. If Trump's tariffs are responsible for people no longer wanting to buy the Chevy Impala, why didn't the tariffs curtail demand for the Silverado, which is GM's best-selling vehicle?

Please answer that question? Good luck!!

Nobody said they were going out of business. They made a business decision with the hopes that it would wake him up, I'm sure there were a number of factors involved. Don't forget he's going to meet with Xi Jinping shortly and I guarantee you GM wants this #^&#^&#^&#^& over with.
The tariffs have made long range forecasting in most multinational industries scary at best, how do you make plans a year out if you don't know costs, the impact on your pricing and what will happen to the market you are in.
I might do 10% or 50% or some other number, we'll see.........
Maybe we will grant you a waiver.......

Figure that into your plan and explain it to your shareholders when you guess wrong.

[Jim in CT]

Originally Posted by Pete F.

Nobody said they were going out of business. They made a business decision with the hopes that it would wake him up, I'm sure there were a number of factors involved. Don't forget he's going to meet with Xi Jinping shortly and I guarantee you GM wants this #^&#^&#^&#^& over with.
The tariffs have made long range forecasting in most multinational industries scary at best, how do you make plans a year out if you don't know costs, the impact on your pricing and what will happen to the market you are in.
I might do 10% or 50% or some other number, we'll see.........
Maybe we will grant you a waiver.......

Figure that into your plan and explain it to your shareholders when you guess wrong.

"They made a business decision with the hopes that it would wake him up, I'm sure there were a number of factors involved"

How do you know that Trump had anything to do, with their decision to discontinue production of certain vehicles? Has that been published? Because what I read, is that they cut production of vehicles that weren't selling. I didn't see Trump mentioned. Are you on the Board of Directors?

The tariffs have a big downside, they could turn out to be a disaster (we don't know yet). What I've asked you several times, is how the tariffs are responsible for GM's announcement. And you refuse to answer. Again.

[Pete F.]

Originally Posted by Jim in CT

"They made a business decision with the hopes that it would wake him up, I'm sure there were a number of factors involved"

How do you know that Trump had anything to do, with their decision to discontinue production of certain vehicles? Has that been published? Because what I read, is that they cut production of vehicles that weren't selling. I didn't see Trump mentioned. Are you on the Board of Directors?

The tariffs have a big downside, they could turn out to be a disaster (we don't know yet). What I've asked you several times, is how the tariffs are responsible for GM's announcement. And you refuse to answer. Again.

Which ones did they kill?
Not Silverados, they cut the weakest part of their market, the cars most likely to be bought by consumers who can least afford an increase.

From that article: The “hardest hit” cars, General Motors said in comments submitted to the Commerce Department, are likely to be the ones bought by consumers who can least afford an increase. Demand would suffer and production would slow, all of which “could lead to a smaller G.M.”

[Jim in CT]

Originally Posted by Pete F.

Which ones did they kill?
Not Silverados, they cut the weakest part of their market, the cars most likely to be bought by consumers who can least afford an increase.

From that article: The “hardest hit” cars, General Motors said in comments submitted to the Commerce Department, are likely to be the ones bought by consumers who can least afford an increase. Demand would suffer and production would slow, all of which “could lead to a smaller G.M.”

they cut the cars that aren’t selling. if you have evidence that the reason they aren’t selling, is Trumps tariffs, how come you won’t share it?? Where is the evidence that the Impala isnt selling, because the tariffs made it too expensive? they also cut the Chevy Volt. Are poor people
buying the Volt? I doubt that very much.

You’re making it up.

The article was what “could”
happen, not what did happen.

they also cut the cadillac CT6 andnthe cadillac XTS. are these cars that poor people are buying?
Posted from my iPhone/Mobile device

[Pete F.]

Originally Posted by Jim in CT

they cut the cars that aren’t selling. if you have evidence that the reason they aren’t selling, is Trumps tariffs, how come you won’t share it?? Where is the evidence that the Impala isnt selling, because the tariffs made it too expensive? they also cut the Chevy Volt. Are poor people
buying the Volt? I doubt that very much.

You’re making it up.

The article was what “could”
happen, not what did happen.

they also cut the cadillac CT6 andnthe cadillac XTS. are these cars that poor people are buying?
Posted from my iPhone/Mobile device

What kind of "evidence" do you need
Do you think "poor" people are the bottom of their market?
Poor people don't buy cars, middle class people do and as car prices go up they price them out of the new car market.
Are you telling me the Volt, Cruze and Impala are high end cars?

[Jim in CT]

Originally Posted by Pete F.

Trump has no clue what he is doing, there will be worse to come. Nothing happens immediately in big business.
It's his turn in the barrel now and they purposely are hitting him where it hurts his base. He's not good for their business.

"Trump has no clue what he is doing"

Tell that to the blacks and Hispanics who are enjoying historically low unemployment. That happened after a few years of Trump, and after several years of a GOP-led congress. I know exactly how much you hate that fact. It's still a fact.

"He's not good for their business"

GDP has risen nicely. How come? Lemme guess, because of obama...