Re: GM/Chrysler Merger
 

DEALERS ASKED TO HELP LOBBY FOR MANUFACTURER LOAN PACKAGE

General Motors has asked all its U.S. dealers to urge the Congress to approve an additional loan package to help the automaker deal with its liquidity crisis. GM U.S. sales chief Mark LaNeve told dealers to call their representatives and senators to ask them to support GM and the auto industry, saying that 3 million jobs are at risk if the industry does not receive urgent government funding.



IADA feels strongly that the manufacturers recognize that auto dealers are the key to winning support for federal funds, loans and grants. Dealers are the ones who create the sales that generate the revenue needed to repay taxpayers. In short, dealers have the political credibility to save jobs and a large part of the automotive industry.



IADA is contacting our Illinois Congressional delegation and asking them to support any federal loan package which would benefit the manufacturers and help our franchised dealers!


CONGRESSIONAL PLAN TO HELP DEALERS AND CONSUMERS

An important development in Congress Senator Barbara Mikulski (D-MD) held press conferences yesterday to announce her legislative plan for helping dealers and consumers out of the car-buying slump that is having such a detrimental effect on the economy. Mikulski’s plan includes:



Federal income tax deduction for interest payments on car loans for new car purchases made from November 12, 2008, through December 31, 2009.
Federal income tax deduction for sales/excise tax paid on new car purchases made from November 12, 2008, through December 31, 2009.
A cap of $49,500 on car loans eligible for the interest payment deductions.
A phase-out for families that make over $250,000 per year.
“Above the line” deductions, meaning they can be taken advantage of by itemizers and non-itemizers.


Backers of the proposal expect it to move quickly, and bipartisan co-sponsors are being sought. IADA is contacting our Illinois Congressional delegation and asking them to be a bi-partisan co-sponsor of this legislation.



Dealer contacts are extremely important! For details on grassroots efforts, please visit our new Lobby Advocacy Center at www.VoterVoice.net.

Please let us know if you need any assistance following up with potential co-sponsors, and most importantly, U.S. Senators contacts are needed for the dealer legislation; U.S. House and Senator contacts are needed on the manufacturer loan packages!

Please click on the attached links to view Senator Mikulski's proposal and NADA's statement of principles to Congressional leaders entitled Automobile Retailers: Economic Engines on Main Street.





You have received this message because you have subscribed to a mailing list of Illinois Automobile Dealers Association. If you do not wish to receive periodic emails from this source, please click below to unsubscribe.




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Where is my Bail out Package https://www.yenko.net/ubbthreads/imag...lins/dunno.gif

Re: GM/Chrysler Merger
 

why bail them out if nobody is buying cars?

kinda like restoring an old stadium, then paying to attend a ball game, and nobody is on the field to watch?

what's the point??...

Re: GM/Chrysler Merger
 

Looks like the Canadian Government is being hesitant to offer any help until the Auto Manufacturers can show they'll be able to sustain themselves, not just prolong the inevitable..
Unless of course the US Government offers dough first then they'll do their standard Canadian follow the leader thing?.

http://news.sympatico.msn.ctv.ca/abc/hom...y_cda_us_081113

Sadly neither Government seems to want to face the facts of what's caused the erosion of N. American manufacturing...specifically the cornerstone auto industry..
Whatever either Government does to try and save them now may be too late as any or all of the Big-3 not surviving is like flushing the toilet we're already in..

https://www.yenko.net/ubbthreads/imag...s/confused.gif
~ Pete

Re: GM/Chrysler Merger
 

What do you think Preston Tucker (and other small automakers) would think about the big three having to endure the same hardships, and possible bankruptcy, that they put him through? Kind of ironic!

My father always said “what goes around, comes around”.

Re: GM/Chrysler Merger
 

Right ......Wrong......Or??..........On the Power Tour in 06 I met a Retired GM Exec.....Alan was in Charge of all advertising for GM.........His take at that time was that the Union was to be a Major Issue in the Future demise of GM.........He told of the Nonsense that the Union put the Company thru.......An example........He was shooting a Commercial and had a Model (the Size of a Shoebox) specifically built for it.....It was completed and delivered one day before (Tight Schedule) the scheduled Shooting of the Commercial.......The Problem is that it was delivered to the Office next to Allan's........He was not allowed to go to the next Office and retrieve the Box.....(It weighed about 10 pounds)......He had to go thru the Union and Schedule a Material Handling person to come and get the Box and bring it into his Office (Next Door).....Well.....The next day everyone had arrived and were setting up the Equipment for the shoot and the Box was still in the next office and a Material Handler was nowhere to be seen.......Allan had had enough and went into the Office and got the Package ( 5 minutes before the start of filming).......Seems the Material handler was just out of eyesight watching what was going on and when he got the Package and moved it....All Hell broke loose and there were Union guy's all over and everything had to come to a "Dead Stop"....until this "Union Crisis" was corrected...
Again.......I'm just passing along the Story.......But.......We need people to work "With" their employers rather than "For" them........



Ken https://www.yenko.net/ubbthreads/imag...mlins/flag.gif

Re: GM/Chrysler Merger
 

Another Story........My Neighbor who is retired from Chrysler (American Motors) in Kenosha was telling me about a certain Line Mechanic in the Engine Block machining area......It seemed that this particular person was the only one that could keep the line running at certain times....he was making twice as much at the end of the year than anyone else because of his overtime pay.......Well.....he also retired and after the new person took over, the line ran all the time without any problems.....One day while while at the control panel, it was noticed that there was a extra On-Off Switch that added to the side of the Panel and was in the Off Position......Just for the heck of it, the new person flipped the switch to the "On" Position..........And the line shut down..........Humm!!! https://www.yenko.net/ubbthreads/imag...mlins/hmmm.gif ..........Imagine That!
Needless to say.........Line Maintainance Costs and Overtime have been substancially reduced......

Ken https://www.yenko.net/ubbthreads/imag...mlins/flag.gif

Re: GM/Chrysler Merger
 

Its amazing how much you blame Unions and Democrats for everything!

Re: GM/Chrysler Merger
 

[ QUOTE ]
Its amazing how much you blame Unions and Democrats for everything!

[/ QUOTE ]

Sammy..........I wasn't blaming anyone......Just reporting the Fact's.........It is what it is........

Ken

Re: GM/Chrysler Merger
 

Sammy..............Chill.........LOL

http://i13.photobucket.com/albums/a2...8/DSC00337.jpg

Ken https://www.yenko.net/ubbthreads/imag...mlins/flag.gif

Re: GM/Chrysler Merger
 

Not ALL Union people and not ALL Dems are bad. There is good and bad in everything. I guess we can blame Wall Street on the UAW or what have you, correct? I am not a UAW member but let up a little. All the musclecars and collector cars that park in our garages, the ones that went up over 1000% in the last few years were UAW built. Lets talk about how corrupt big business and Wall Street has become. Say what you want about Unions and so forth but report all the scams, corruption and lies that go along with big business and the Parties involved. We are in the mess we are in because of greed and corruption from all sides. I'll chill when you ease up! https://www.yenko.net/ubbthreads/imag...lins/beers.gif

Re: GM/Chrysler Merger
 

Sammy.........Where did I say anything about the Dem's and I was just Passing along the Experience of Seasoned autoworkers........I injected "None" of my thought's and made "No" references to any of the Political Parties.... https://www.yenko.net/ubbthreads/imag...iggthumpup.gif

Ken https://www.yenko.net/ubbthreads/imag...mlins/flag.gif

Re: GM/Chrysler Merger
 

Not sure if you've seen this news or not. Ridiculous, but hardly surprising.

<font color="blue"> Chrysler gives bonuses, asks for bailout </font>
Posted Nov 14 2008, 12:52 PM by Kim Peterson Rating: Filed under: Ford, Kim Peterson
Chrysler is asking the government for a bailout. It's laying off employees and cutting salaries. It's a company in trouble.

Oh yeah, it's also paying $30 million in bonuses to dozens of top executives.

That's the end result of a poorly-timed plan to keep Chrysler together as it was being sold. The company didn't want top executives to leave during the transition, so it promised big money for people who stuck around. Now, Chrysler is asking the government for billions of dollars in aid while it writes million-dollar bonus checks out to A-list employees. How's that for awkward?

In Chrysler's defense, this bonus plan was created in April of 2007. The company had no idea that its industry was headed for collapse, or that the executives it was desperate to keep might have a hard time finding employment at a Jiffy Lube at this point.

The bonuses are going to be another sticking point in Chrysler's request for government aid. The industry is asking for $25 billion in low-cost government loans. Chrysler is a private company, and may be asked to hand over a lot of information about its finances and how it handles its money. That includes information on those controversial bonuses.

Bonuses are under fire at other carmakers. Ford has cut some merit raises and bonuses for next year. The company is quickly running out of money, and is slashing its spending.

Executives from Chrysler, Ford and GM are headed to Congress next week to make their case for $25 billion in aid. The bonus numbers will quickly become a central point of the conversation, and deservedly so.

As a private company, Chrysler can do whatever it wants when it comes to compensating its executives. But a private company asking for a government bailout cannot. Better brush up on those resumes, boys, because the good times are coming to an end.

Re: GM/Chrysler Merger
 

And then there's this one about Detroit itself. Scary times.

<font color="blue">City Council: Detroit needs $10-billion bailout </font>
BY NAOMI R. PATTON • FREE PRESS STAFF WRITER • November 12, 2008
The Detroit City Council passed a resolution today calling for a $10-billion bailout for the city of Detroit.

Council President Pro Tem JoAnn Watson sponsored the resolution to use the money for public service employment, to fund mass transit plans and to place a moratorium on home foreclosures for two years.


The resolution specifically requests the council meet with Mayor Ken Cockrel Jr., Gov. Jennifer Granholm, the state’s congressional delegation, U.S. House Speaker Nancy Pelosi and officials from President George W. Bush’s office and President-Elect Barack Obama’s transition team.


Watson said she fully supports mayors from Warren, Sterling Heights, Livonia and Dearborn meeting with representatives from Granholm’s office, the state’s congressional delegation, the Michigan Economic Development Corp., the Southeastern Michigan Council of Governments and the Michigan Municipal League, seeking federal redevelopment funding for communities facing huge losses in property tax revenue affected by looming plant closures.


But, she said, “The city of Detroit has got to be leading the way on this.”


The city recently received $47 million from the U.S. Department of Housing and Urban Development to help stabilize neighborhoods hit hard by the nationwide foreclosure crisis. Officials with the city’s Planning and Development have prepared a plan the city council is expected to vote on in a week.

Re: GM/Chrysler Merger
 

[ QUOTE ]
why bail them out if nobody is buying cars?

[/ QUOTE ]
A guy posted the follow over at LS2.com...I can't remember if he's directly employed by GM, or a 1st tier supplier, but anyway...

ARLINGTON IS ON TWO SHIFTS AND MANDATORY OVERTIME.
ARLINGTON BUILD BIG SUV'S (Tahoes, etc...).

He said they've seen the # of consumers picking up ever so slowly, but since gas prices have waned, they've shifted their interest *back* to TRUCKS/SUVs...take it for what it's worth!

Re: GM/Chrysler Merger
 

Well I like hearing that! Keep America rollin. https://www.yenko.net/ubbthreads/imag...iggthumpup.gif

Re: GM/Chrysler Merger
 

https://www.youtube.com/watch?v=-Ag5BV_Lz...ad.php?t=248485

From the horses mouth...GM president. Not a bailout, but LOANS. They have to meet the new Gov milage requirements, which is where most of the loan would go. Unless I misunderstand what he is saying.

Re: GM/Chrysler Merger
 

Ask anyone from Minnesota about corporate "loans". Our state legislature "loaned" Northwest Airlines hundreds of millions of dollars back in the 80's or early 90's to "save Minnesota jobs".

They have never repaid a cent and never will. Now they have been bought out by Delta and are moving their corporate office and maintenance facility out of the state. https://www.yenko.net/ubbthreads/imag...thumbsdown.gif

Re: GM/Chrysler Merger
 

[ QUOTE ]
https://www.youtube.com/watch?v=-Ag5BV_Lz...ad.php?t=248485


[/ QUOTE ]

He certainly does NOT come across as being concerned!
6 months of cash left to operate and this???

As far as the unions go, to me Management is responsible for the people they hire and the performance of their duties.
Abuse of one's employment position is that employee's risk.

If the Union is to blame, then they will know when they have all of their bargaining member's looking for jobs.

People, we have got to work together to get thru these awful times!!!

The sooner the better!!!
https://www.yenko.net/ubbthreads/imag...mlins/flag.gif

Re: GM/Chrysler Merger
 

Just ask the Brits. They had unions that make the UAW pale in comparison as far as making demands on their owners. Plus, they were run by people that felt that the priveledged class of the old Empire was still around, and that real negotiations were pointless. Nobody was willing to bend, so they just went broke. Today, there are no real British owned car companies, just cars with old names but new owners.
Rolls Royce, Bentley, Astin-Martin, Jaguar, Range Rover, Mini Cooper, etc.
Every car exported from the UK is made by a foreign owned company. Any irony to the Germans owning RR and Bentley? https://www.yenko.net/ubbthreads/imag...ins/tongue.gif
The Japs are just as strong there as they are here. The GM and Ford brands are even doing well in Europe, better than in the USA. https://www.yenko.net/ubbthreads/images/graemlins/no.gif

Re: GM/Chrysler Merger
 

Hopefully a new pact and agreement today will help the Big 3, its workers and our country. I believe it will only work if ALL sides come together and work for the common good. https://www.yenko.net/ubbthreads/imag...mlins/flag.gif