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BAILOUT MOTORS:  GM Gutting Half Its U.S. Workforce

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TBoneTX Grand Master

TBoneTX   45,259

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BAILOUT MOTORS:  GM Gutting Half Its U.S. Workforce

 

GM, the leading U.S. automaker by volume, will gut its U.S. workforce "voluntarily" according to a confidential internal memo from Chairman and CEO Mary Barra that leaked on Thursday.  [...]

 

https://pjmedia.com/vodkapundit/2023/03/09/bailout-motors-gm-gutting-us-workforce-n1676854

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Boiler Grand Master

Boiler   45,445

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https://www.reuters.com/business/autos-transportation/gm-take-up-15-bln-charge-voluntary-separation-program-2023-03-09/

 

Zero surprise, very badly run company that seems unlikely to make the transition,

“If you know the enemy and know yourself, you need not fear the result of a hundred battles. If you know yourself but not the enemy, for every victory gained you will also suffer a defeat. If you know neither the enemy nor yourself, you will succumb in every battle.”

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TBoneTX Grand Master

TBoneTX   45,259

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2 minutes ago, Boiler said:

Zero surprise, very badly run company that seems unlikely to make the transition

When GM stated earlier that it intended to convert to producing EVs only, it was clear that they were going to tank.

06-04-2007 = TSC stamps postal return-receipt for I-129f.

06-11-2007 = NOA1 date (unknown to me).

07-20-2007 = Phoned Immigration Officer; got WAC#; where's NOA1?

09-25-2007 = Touch (first-ever).

09-28-2007 = NOA1, 23 days after their 45-day promise to send it (grrrr).

10-20 & 11-14-2007 = Phoned ImmOffs; "still pending."

12-11-2007 = 180 days; file is "between workstations, may be early Jan."; touches 12/11 & 12/12.

12-18-2007 = Call; file is with Division 9 ofcr. (bckgrnd check); e-prompt to shake it; touch.

12-19-2007 = NOA2 by e-mail & web, dated 12-18-07 (187 days; 201 per VJ); in mail 12/24/07.

01-09-2008 = File from USCIS to NVC, 1-4-08; NVC creates file, 1/15/08; to consulate 1/16/08.

01-23-2008 = Consulate gets file; outdated Packet 4 mailed to fiancee 1/27/08; rec'd 3/3/08.

04-29-2008 = Fiancee's 4-min. consular interview, 8:30 a.m.; much evidence brought but not allowed to be presented (consul: "More proof! Second interview! Bring your fiance!").

05-05-2008 = Infuriating $12 call to non-English-speaking consulate appointment-setter.

05-06-2008 = Better $12 call to English-speaker; "joint" interview date 6/30/08 (my selection).

06-30-2008 = Stokes Interrogations w/Ecuadorian (not USC); "wait 2 weeks; we'll mail her."

07-2008 = Daily calls to DOS: "currently processing"; 8/05 = Phoned consulate, got Section Chief; wrote him.

08-07-08 = E-mail from consulate, promising to issue visa "as soon as we get her passport" (on 8/12, per DHL).

08-27-08 = Phoned consulate (they "couldn't find" our file); visa DHL'd 8/28; in hand 9/1; through POE on 10/9 with NO hassles(!).

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Boiler Grand Master

Boiler   45,445

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I seem to remember Mary said they would have 25 EV Models by now and didn't Joe say they were No 1 in EV's.

 

https://cleantechnica.com/2021/11/19/president-biden-claims-gm-led-the-ev-revolution-what/

 

While touring General Motors’ Factory Zero, President Biden claimed that GM “electrified the entire automotive industry” under CEO Marry Barra’s leadership. He also lavished praise on GM for its plans to shift to an all EV lineup by 2035.

“In the auto industry, Detroit is leading the world in electric vehicles. You know how critical it is? Mary, I remember talking to you way back in January about the need for America to lead in electric vehicles. I can remember your dramatic announcement that by 2035, GM would be 100% electric. You changed the whole story, Mary. You did, Mary. You electrified the entire automotive industry. I’m serious. You led, and it matters.”

Not only is this an actual lie, or dramatic misunderstanding of the market, but GM, Ford, and others wouldn’t even be focusing on EVs if it wasn’t for another American company that is the actual world leader. Tesla not only has the largest market cap of the entire auto industry, but it’s the only company that is producing electric vehicles at scale and doing so successfully.

“If you know the enemy and know yourself, you need not fear the result of a hundred battles. If you know yourself but not the enemy, for every victory gained you will also suffer a defeat. If you know neither the enemy nor yourself, you will succumb in every battle.”

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TBoneTX Grand Master

TBoneTX   45,259

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Praise from Bidementia is probably great cause for alarm in general, and a signal to sell one's stock holdings in any company that he praises.

06-04-2007 = TSC stamps postal return-receipt for I-129f.

06-11-2007 = NOA1 date (unknown to me).

07-20-2007 = Phoned Immigration Officer; got WAC#; where's NOA1?

09-25-2007 = Touch (first-ever).

09-28-2007 = NOA1, 23 days after their 45-day promise to send it (grrrr).

10-20 & 11-14-2007 = Phoned ImmOffs; "still pending."

12-11-2007 = 180 days; file is "between workstations, may be early Jan."; touches 12/11 & 12/12.

12-18-2007 = Call; file is with Division 9 ofcr. (bckgrnd check); e-prompt to shake it; touch.

12-19-2007 = NOA2 by e-mail & web, dated 12-18-07 (187 days; 201 per VJ); in mail 12/24/07.

01-09-2008 = File from USCIS to NVC, 1-4-08; NVC creates file, 1/15/08; to consulate 1/16/08.

01-23-2008 = Consulate gets file; outdated Packet 4 mailed to fiancee 1/27/08; rec'd 3/3/08.

04-29-2008 = Fiancee's 4-min. consular interview, 8:30 a.m.; much evidence brought but not allowed to be presented (consul: "More proof! Second interview! Bring your fiance!").

05-05-2008 = Infuriating $12 call to non-English-speaking consulate appointment-setter.

05-06-2008 = Better $12 call to English-speaker; "joint" interview date 6/30/08 (my selection).

06-30-2008 = Stokes Interrogations w/Ecuadorian (not USC); "wait 2 weeks; we'll mail her."

07-2008 = Daily calls to DOS: "currently processing"; 8/05 = Phoned consulate, got Section Chief; wrote him.

08-07-08 = E-mail from consulate, promising to issue visa "as soon as we get her passport" (on 8/12, per DHL).

08-27-08 = Phoned consulate (they "couldn't find" our file); visa DHL'd 8/28; in hand 9/1; through POE on 10/9 with NO hassles(!).

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Dashinka Grand Master

Dashinka   24,480

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7 hours ago, Boiler said:

I seem to remember Mary said they would have 25 EV Models by now and didn't Joe say they were No 1 in EV's.

 

https://cleantechnica.com/2021/11/19/president-biden-claims-gm-led-the-ev-revolution-what/

 

While touring General Motors’ Factory Zero, President Biden claimed that GM “electrified the entire automotive industry” under CEO Marry Barra’s leadership. He also lavished praise on GM for its plans to shift to an all EV lineup by 2035.

“In the auto industry, Detroit is leading the world in electric vehicles. You know how critical it is? Mary, I remember talking to you way back in January about the need for America to lead in electric vehicles. I can remember your dramatic announcement that by 2035, GM would be 100% electric. You changed the whole story, Mary. You did, Mary. You electrified the entire automotive industry. I’m serious. You led, and it matters.”

Not only is this an actual lie, or dramatic misunderstanding of the market, but GM, Ford, and others wouldn’t even be focusing on EVs if it wasn’t for another American company that is the actual world leader. Tesla not only has the largest market cap of the entire auto industry, but it’s the only company that is producing electric vehicles at scale and doing so successfully.

Heck, Mary and the CFO just this past January said there would be no layoffs.  Another lie I guess.  The entire switch to EVs is really a joke especially considering how it is now coming out how environmentally unfriendly EVs are.  Germany just nixed the EUs plan to ban ICE vehicles.

 

https://www.msn.com/en-xl/news/other/germany-and-italy-object-to-proposed-eu-ice-ban-over-e-fuels/ar-AA18hluT

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