G.M. Strike: 50k Union Workers Walk Out Over Wages and Idled Plants

Re:G.M. Strike: 50k Union Workers Walk Out Over Wages and Id... by specialist on Monday September 16, 2019 @11:27AM (#20985014)

I've heard, but have not confirmed, that GM now makes and sells more cars in China than the USA.

"The Truth About GM’s Huge Layoffs and Why You Should Be Mad About It"

Scott Kilmer 2018/12/06

https://www.youtube.com/watch?v=FEyppHyeSWQ

Even if this is only partially true, I don't think labor (striking UAW workers) are going to win this round.

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Re:G.M. Strike: 50k Union Workers Walk Out Over Wages and Id... by rpiguy on Monday September 16, 2019 @01:30PM (#20986496)

GMs profit comes almost completely from large SUVs and Pickup trucks, which gives the union a lot of power.

Essentially, they are selling pickup trucks and Escalades to Americans with fantastic margins to prop-up their car business (which is unprofitable in the US and only occasionally profitable elsewhere) and to fuel global expansion.

Basically if the UAW stops making pickup trucks and Escalades, GMs cashflow will turn ugly fast. Doesn't matter where the growth is.

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