I just saw GM will shutter plants for 9 weeks due to large supplies of cars and very slow sales.

I did not hear a time line but I am sure it will be Sping/Summer.

This is not any shocker I saw this coming a few months back and just was wondering when they would make the call.

I expect many other MFG to do the same as they also have great supplies and nowhere to put the cars.

Yup. Just heard it on the news as well.

As of 11:45 PM, April 22, .........http://finance.yahoo.com/news/GM-employees-may-get-shutdown-apf-15006580.html?.v=5

Here is one of the major problems that has helped put GM in the situation it is in.

Thousands of GM workers could be laid off but would still get most of their pay because their United Auto Workers union contract requires the company to make up much of the difference between state unemployment benefits and their wages.

How much savings do they get from closing a plant when they have to continue paying the employees??

On Tuesday the 21st they terminated their entire field engineer staff. These are the tech guys who are called in to dealers that have a problem car that they can't get fixed.

Now EDS is going to supply the employees for this service. :wtf:

Yeah I guess it will save GM money but EDS? What the hell will they know about fixing autos??? I feel sorry for the small town dealers that really need these guys.

Typical moves since they can fire guys like that but can't get rid of production line union workers. They have to cut money where they can but can't cut it where they need to cut it.

Very somber day yesterday at the Tonawanda PowerTrain plant. A lot of very talented and good people were fired.

From May to July/09. :(

Very somber day yesterday at the Tonawanda PowerTrain plant. A lot of very talented and good people were fired.

Unfortunately, the group included my wife. :(

She's looking around for a job now ... has a phone interview tomorrow with General Dynamics out of Texas ... we'll see what happens from here on in. :(

Unfortunately, the group included my wife. :(

She's looking around for a job now ... has a phone interview tomorrow with General Dynamics out of Texas ... we'll see what happens from here on in. :(

I am very sorry to hear this Don. I wish her the best in her new job. I did not deal with her a lot, but the couple of times I did she was always very professional. I have never heard anyone say anything but nice things about her. This is GM's loss, and her gain in my opinion.

This I feel it the prelude to the Surgical Bankruptcy that we will learn more about as June arrives. GM is not expected to pay the bonds off on June first.

GM is making a lot of moves right now to head for this. Opel looks to be up for sale and GM looks like it may be split up in North America.

Look for Chevy Buick, Cadillac and GMC to be put into good GM and the rest including Pontiac, Saab, Hummer and Saturn into bad. At this point they would be sold off or closed. Many other liabilities like closed plants and dealers etc would also be written off.

The Good GM would require 7-8 Billion and 2-3 weeks to make it thorugh the proceedings. At this point they would stand to be pretty clean.

Much of this is un named people who have leaked this so I figure 70% accurate and 30% fiction. Also we still have a month to go and all things are subject to change.

Either way I suspect some of these plants may not restart.

Also most other MFG also have many cars in storage and I expect most others will cust production, close plants for a few weeks and stop imports. Even Toyota and Honda have way to many day supply of cars so they will have to stop something. I do not expect car sales to recover anything soon this year.

Bankruptcy is the only way for GM to exist ON A TEMPORARY BASIS. They WILL NOT be able to do it on Federal Government "loans". Which brings me to.......

How does any intelligent person believe GM can pay back the loans. I don't think they have had a profitable year in 10-15 years. Understanding the P&L's and B sheets are exactly that, BS, how can you make payments from what you do not have (maybe over 20 years, if they last that long). It's basic math, that nobody has challenged.

And much of this is from un-named sources who have not "leaked" information BUT publically stated it.:D

Bankruptcy is the only way for GM to exist ON A TEMPORARY BASIS. They WILL NOT be able to do it on Federal Government "loans". Which brings me to.......

How does any intelligent person believe GM can pay back the loans. I don't think they have had a profitable year in 10-15 years. Understanding the P&L's and B sheets are exactly that, BS, how can you make payments from what you do not have (maybe over 20 years, if they last that long). It's basic math, that nobody has challenged.

And much of this is from un-named sources who have not "leaked" information BUT publically stated it.:D

It is not so much paying back as it is fixing the flaws system GM operates in. They have so much over lap and bad deals that need fixed that they can not address other wise.

This is a no pain no gain deal.

When a company fails to address problems for the last 40 years there is a big price to pay all at one. THis is going to be painful but it is the only way to save GM.

I will feel better if they can get out from the goverment influance. I hate to see people in goverment calling the shots. Now if the goverment had brought in proven automotive experts to handle it I would feel better but the group they have have not been the best people they could have brought in. Most have little idea of product let alone how GM even works or does not work.

There will be no stoppages at the Camaro plant in Oshawa. There is also news of Honda in Ontario Canada that they will resume working overtime at that plant.

On Tuesday the 21st they terminated their entire field engineer staff. These are the tech guys who are called in to dealers that have a problem car that they can't get fixed.

Now EDS is going to supply the employees for this service. :wtf:

Yeah I guess it will save GM money but EDS? What the hell will they know about fixing autos??? I feel sorry for the small town dealers that really need these guys.

they got it wrong............ need more of the upper white collar to go........, so now if they cant fix your car, make the white collar guys do it..yea right ...those guys dont care.... IMHO the wrong guys are getting laid off.......

fairfax here on the kansas side kansas city kansas, are NOT shutting down...
they build the malibu,

Will this affect the building of the SS Panel I just ordered?