Looming auto workers strike could cost $5 billion in just 10 days, new analysis says
Looming auto workers strike could cost $5 billion in just 10 days, new analysis says
A work stoppage by nearly 150,000 UAW workers would result in an economic loss of more than $5 billion after 10 days, according to Anderson Economic Group.
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These companies have been doing so good lately with everyone only wanting trucks and SUV’s as there is insane markup on those types of vehicles. The companies can afford to pass along some of those profits to their workers.
Trucks and SUVs are popular. But people do want economy cars-- they've just stopped selling them. These larger vehicles classify as light trucks and don't have the same fuel economy and emissions regulations as reasonably-sized cars. It's a big scam.
People don’t want domestic economy cars. People who like domestic brands want trucks and SUV’s. People who want economy cars will pretty much only look at Honda/Toyota and both those manufacturers still make economy vehicles.
I have never once seen someone online recommend a ford focus or Chevy cruze to anyone. It’s always a carolla/Camry or civic/accord.
I can't claim to come with an army but I'll recommend the Ford Fusion Hybrid all day long.
I also had a friend recommend the Ford Fusion to me. It wasn't online, though.
My cmax is great for what I need. The interior material and design is better than Toyota. Sure.the toyota interior might last longer but oh well.
People don't want them because they have a rep for being terrible.
And yes I own a civic. A sedan is already more car than I need.
Yeah, that’s kind of my point. Why would they keep making them when they have a rep of being bad and no one buys them? People want their trucks and SUV’s
I find the best way to change your reputation is to change who you are. If you want to be seen as making a good product you should make a good product.
They had from the early 70s to get it together. Make economy cars that people wanted to buy. Instead they continue to make bigger and bigger fuel consuming monsters. Then every recession beg for government money.
I really thought as a kid that a good quarter for a company meant a good quarter for its employees.
The Big Three have profit sharing. From 2022 profits, GM employees received $12,750. Ford employees get $1,000 per $1 billion in North American pretax profit. Stellantis employees got $14,760.
This is part of the ploy to continue that: get the employees to get pay from the union to carry signs for a few weeks. In the mean time they can sell what inventory they have at full price instead of discounts, and when inventory gets low enough they settle the contract and make more cars. there is probably some at GM who is looking at inventory levels (all those cars made in 2021 that didn't get chips), and will make an unreasonable demand if it looks like the contract is close to being settled.
This is why Just in Time is good: it forces companies to treat their people well so they are able to work when there is need.