Private capital is more careful because they are spending their own money. Public companies are run by a bunch of managers who don't have any skin in the game and are spending other people's money. Would you pay a CAW worker $75 an hour if it was YOUR MONEY?Cassini said:They have private capital behind them, and that private capital is interested in securing a return on investment.
LOL, NO. Although it is our money that will be used for the bailout and to top up the pensions...Rockslinger said:Would you pay a CAW worker $75 an hour if it was YOUR MONEY?
I think we have a better use for our money like maybe having a smaller deficit. Nope, no bailout with public money. Let the CAW take care of themselves.KBear said:Although it is our money that will be used for the bailout and to top up the pensions...
I agree. WTF were they thinking? If ChryCO gets what they want, then if I were GM, I would go after the same.train said:Sort of shows how pathetic GM management is in agreeing to that softball pitch by the CAW last week.
this is a ploy.iamme said:Updated: Tue Mar. 17 2009 1:31:04 PM
The Canadian Press
TORONTO — Sources familiar with Chrysler's plans say the automaker has already begun work behind the scenes to pull its operations out of Canada if it can't reach an agreement with the Canadian Auto Workers by the end of the month.
Chrysler Canada has said it needs to cut its labour costs by approximately $20 an hour to be competitive with foreign automakers such as Toyota.
Currently, the company estimates its all-in hourly labour costs -- which include wages, benefits and legacy costs such as pensions -- to be approximately $76. To be competitive with Toyota plants operating in Canada, it says it needs to reduce those costs to $57 an hour.........
Complete Article ......
Whaddaya mean? I went through the mini-van thing when my kids were little (forgive me...). It was a great little vehicle, notwithstanding it went through oil faster than gas after about 60,000 K.thundarr said:Chrysler hasn't made a decent car since the 50's and even then they were the ugliest things on the road.