Bankruptcy for GM on the Horizon

This article is written by Jason Edwards

GM doesn't seem to be able to get its act together. As I said in an earlier post they need to work with the UAW. The union is killing our American automakers. In an article on FOX news Horace Cooper says there are three things that could turn around the auto industry. Adopt a 3 Year Moratorium on UAW union representation and immediately suspend the existing UAW contract, let the consumer decided what type of products the automakers produce (NO BODY WANTS THOSE UGLY ENVIRONMENTAL CARS!), lower the cost of service and maintenance instead of having warranties backed by the government. I agree with every single one of this ideas. I am a liberal but I 100% disagreed with the government taking over the auto industry. There is a reason we have chapter 11 bankruptcy. We have seen many companies come out leaner and meaner after bankruptcy (K-Mart for example). I hope they do go into bankruptcy so only the top brands stay, re-do the contracts with the UAW, and create products consumers want to buy at reasonable price.

http://www.msnbc.msn.com/id/30264733/
http://foxforum.blogs.foxnews.com/2009/04/16/cooper_general_motors/

GM and Chrysler need to get their act together

This article is by Jason Edwards

In a very short period a time this country could possible have only one American automaker (Ford). Ford didn't take any money from the government, it worked with its unions to bring down wages, it is creating cars that people want to buy, and it brought in someone that is an outsider to the auto world. Unions have many positives (higher wages and better benefits) but they also have a lot of negatives (high wages and legacy benefits), which are shown recently with the downfall of the American automakers. I believe that unions are a main cause for the implosion of the American automaker. If unions don't step back and look at the bigger picture we will see the end of the American automaker. I believe that GM, Ford, and Chrysler can come out on top, but only if they change their business models, bring down wages (from $75 to $45 dollars an hour like Japanese automakers), and create cars that people want to buy. Now we have seen Ford do this. When will GM and Chrysler get theie act together? I hope it is before their time is up (60 days for Gm and 30 for Chrysler). If they don't then the government should back away and let them fail.

http://www.foxbusiness.com/story/markets/industries/transportation/fiat-threatens-walk-away-chrysler-report/

My note: It's not often that I agree with Jason Edwards, but this is article is 100% accurate.