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Trump, shut the **** up. It's a business decision to get out of unprofitable products, and move to get ahead of the market trends. There are times you really are an asshat.[FONT="]President Trump lambasted General Motors in a tweet on Tuesday, just one day after the auto manufacturer announced it was cutting 15 percent of its North American workforce and halting production at several plants. Shares slipped over 2 percent following the twee[/FONT]
I think this is a fair post.
Though I doubt the 25% steel tariffs are helping, either.
Agreed.Not ideal, but 95% of this is GM moving their focus away from unprofitable vehicles.
Agreed.
But does not costs of materials, and other manufacturing costs, affect profitability?
https://www.foxbusiness.com/politic...nted-with-general-motors-after-plant-closures
Trump, shut the **** up. It's a business decision to get out of unprofitable products, and move to get ahead of the market trends. There are times you really are an asshat.
Cadillac, behind China, nears sales peak. Significant growth in China propelled Cadillac to its second-highest annual sales tally in the brand's 115-year history. The General Motors luxury brand on Friday said it delivered 356,467 vehicles worldwide in 2017, a 16 percent increase over 2016.
China drives Cadillac to near-record sales
Oh, the products are profitable...in China.
Fair enough in your opinion. I'm simply pointing-out that kicking a struggling market segment in the ass with additional artificial & unnecessary taxes, is not conducive to promoting growth or profitability.It has an impact, but the fact they are moving so hard away from sedans and low sale vehicles says that is the real reason, while yes the Tariff's impact their profitability as a whole, I have serious doubts they would not have made this move were there no tariff's. Companies make changes based on what's profitable... Sedans aren't the future right now, so it makes sense to move away from them. Trump made a fool of himself wading in like that.
https://www.foxbusiness.com/politic...nted-with-general-motors-after-plant-closures
Trump, shut the **** up. It's a business decision to get out of unprofitable products, and move to get ahead of the market trends. There are times you really are an asshat.
Fair enough in your opinion. I'm simply pointing-out that kicking a struggling market segment in the ass with additional artificial & unnecessary taxes, is not conducive to promoting growth or profitability.
When you apply tariff taxes, you are artificially picking winners & losers.
Not ideal, but 95% of this is GM moving their focus away from unprofitable vehicles.
Fair enough in your opinion. I'm simply pointing-out that kicking a struggling market segment in the ass with additional artificial & unnecessary taxes, is not conducive to promoting growth or profitability.
When you apply tariff taxes, you are artificially picking winners & losers.
https://www.foxbusiness.com/politic...nted-with-general-motors-after-plant-closures
Trump, shut the **** up. It's a business decision to get out of unprofitable products, and move to get ahead of the market trends. There are times you really are an asshat.
Its about time. However if GM does not change its management style which is mired in the 1970's if not earlier, I am not sure it will help. No matter how many times we bail Detroit out, they don't seem to learn very much. Most specifically GM needs to be more in touch with its markets. Frankly, what they have of the American market is more what has been left to them, a slim threading of the needle to a particular type of customer.
The proposed changes might actually help in that regard. My concern is that it will just turn into another opportunity to be beaten like a wet mule again. But they have plenty of cash. Hopefully they put it to good use.
Not ideal, but 95% of this is GM moving their focus away from unprofitablevehiclescountries.
It has an impact, but the fact they are moving so hard away from sedans and low sale vehicles says that is the real reason, while yes the Tariff's impact their profitability as a whole, I have serious doubts they would not have made this move were there no tariff's. Companies make changes based on what's profitable... Sedans aren't the future right now, so it makes sense to move away from them. Trump made a fool of himself wading in like that.
Fair enough in your opinion. I'm simply pointing-out that kicking a struggling market segment in the ass with additional artificial & unnecessary taxes, is not conducive to promoting growth or profitability.
When you apply tariff taxes, you are artificially picking winners & losers.
I don't think he understands that people owe loyalty to the country, and that the presidency is merely an office representing power over the country. He thinks people, corporations - anything really - owe loyalty to him personally.
Same can be said for gas taxes hikes, unions, and minimum wage laws. It all effects the profitability of GM and their ability to get a stable footing in the market place. But I see only justifications for those, while dismissing any justification for tariffs.
report a record quarterly profit of some $3.3 billion only to have management celebrate that record by announcing 8000 layoffs and $9 billion to buy their own stock back.
Now that's capitalism. The good ones are sociopaths...the best psychopaths.
Thousands of good paying American jobs are lost, and you're upset that the president thinks that's a bad thing?
Whom are you working for?
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