How GM got 5,000 workers to leave their jobs

[IroNat]

https://finance.yahoo.com/news/gm-got-5-000-workers-093900703.html

General Motors’ drive to make employees leave out of their own volition is working.

Last month, General Motors announced a Voluntary Separation Program (VSP) for most of its 58,000 US white collar employees and some of its global workforce. The company gave workers around two weeks to make their decision.

[IroNat]

Oversupply of cars to trigger price war

https://finance.yahoo.com/

A glut of cars on the market is to trigger a price war among manufacturers as demand fails to keep pace with supply, analysts have forecast.

[GymnJuice]

Oversupply of cars to trigger price war

https://finance.yahoo.com/

A glut of cars on the market is to trigger a price war among manufacturers as demand fails to keep pace with supply, analysts have forecast.

Good. Everything is overpriced. They need a recession for prices to come down and people to vote out the current American regime. 

[Dokey111]

Good. Everything is overpriced. They need a recession for prices to come down and people to vote out the current American regime.

[SOMEPARTS]

They don't want to have them all standing around with their thumb up their ass. Who in the hell needs 58,000 white collar schmucks to make cars? Plus they can move them to retirement plans and beg for a fed bailout.

If you ignore the media and gov liars and the fake reporting you can parse out the real state of the economy.

Numbers for housing loan apps all time lows, credit card debt to income all time highs, consumer and small biz confidence all time lows, auto loan turn downs and defaults on a hockey stick trajectory, etc. Inflation raging nobody trying to stop it...Saudi cutting oil production...

It's an odd time because everyone knows what is coming but nobody wants to be the first to admit it.

[Mayday]

The reality is car manufacturers cannot get enough components to make the volume of cars their business is based around.

Car manufacturers will resize smaller. Volume of Output will decrease. Prices will go up.

I have maintained that a car that cost 30k in 2020 will cost 90k by 2030. The transition away from car ownership is driven by high costs to own and run.

2020 - 37,500
2023 - 49,500 +32%

99% of cars are still fuel which are the cheapest to buy. Electric start at +50% over petrol cars and we are all moving towards electric.

[dunkin donuts]

private car ownership will be phased out over the next 7 years. how many people are going to happily caugh up 30K+ every 4 years for a new battery

[G_Thang]

I need a 4runner.  What kind of deal am I looking at or do I have to buy a GM?

[Irongrip400]

I need a 4runner.  What kind of deal am I looking at or do I have to buy a GM?

I just bought one. Nice ride, I went to thr dealership and bought it. Haggled a bit but that’s harder to do now, they know they’ve got you. Probably wait six months and it’ll be 2009 all over again. Cheap shit sitting on the lot, government bail outs with cash for clunkers.

[SF1900]

I just purchased a 2023 Honda (brand new). I probably overpaid a little but all prices are up. No matter what car I looked at, Nissan, Toyota, Mazda, Alfa Romeo, Hyundai, I was going to pay more than I should.

Good thing Auto Zone pays well!

[Dave D]

I just purchased a 2023 Honda (brand new). I probably overpaid a little but all prices are up. No matter what car I looked at, Nissan, Toyota, Mazda, Alfa Romeo, Hyundai, I was going to pay more than I should.

Good thing Auto Zone pays well!

Congratulations!

It very odd for those in the parts industry to drive brand new cars, let alone a Honda which never requires any repairs besides basic maintenance, BUT you work very hard to get where you are in life and you (and Rory) deserve this!

[SF1900]

Congratulations!

It very odd for those in the parts industry to drive brand new cars, let alone a Honda which never requires any repairs besides basic maintenance, BUT you work very hard to get where you are in life and you (and Rory) deserve this!

Thank you, Dave! Working at Auto Zone has its perks!

[Mayday]

private car ownership will be phased out over the next 7 years. how many people are going to happily caugh up 30K+ every 4 years for a new battery

Honestly I’m shocked at how quickly my mentality has shifted to not wanting a car anymore.

This year I went from looking to buy a new 115k Tesla, to a performance car half its price to wondering why I even have a car. I have driven maybe 5km this month 🫤

Also mentally owning cars vs having car payments is very different. When having car payments you wished you own them then when you own them you wonder why you have so much cash tied up in something you barely use.

[honest]

Honestly I’m shocked at how quickly my mentality has shifted to not wanting a car anymore.

This year I went from looking to buy a new 115k Tesla, to a performance car half its price to wondering why I even have a car. I have driven maybe 5km this month 🫤

Also mentally owning cars vs having car payments is very different. When having car payments you wished you own them then when you own them you wonder why you have so much cash tied up in something you barely use.

The modern socialist theory is once you don't own a house or car and are 100% dependant on government you will be happier in your day to day life, the modern western human is a low IQ disgusting lazy fat welfare or public servant dependant parasite anyway, how do they drive this new world on non personal ownership through Covid, climate lies, high inflation and affordability.

[dunkin donuts]

Honestly I’m shocked at how quickly my mentality has shifted to not wanting a car anymore.

This year I went from looking to buy a new 115k Tesla, to a performance car half its price to wondering why I even have a car. I have driven maybe 5km this month 🫤

Also mentally owning cars vs having car payments is very different. When having car payments you wished you own them then when you own them you wonder why you have so much cash tied up in something you barely use.

I've driven over 1,300 km this week just to get around from home to work etc. Cant imagine not owning a diesel car. Mad...

Always buy a car cash without any payment plan. Pick one you can afford and strive to do better financially

[Humble Narcissist]

https://finance.yahoo.com/news/gm-got-5-000-workers-093900703.html

General Motors’ drive to make employees leave out of their own volition is working.

Last month, General Motors announced a Voluntary Separation Program (VSP) for most of its 58,000 US white collar employees and some of its global workforce. The company gave workers around two weeks to make their decision.

I would take them up on the offer.

[IroNat]

I would take them up on the offer.

If you don't you will eventually lose your job anyway and end up with nothing.

[Marty Champions]

95k for 2023 truck ill pass

[IroNat]

95k for 2023 truck ill pass

If you need a truck for work (just about all the trucks you see are only driven around town), get a base model with no bells and whistles.

The options inflate the price a lot.

Even so they are not cheap.

[loco]

Why aren't teenagers driving anymore?

Driving a car was once a widely coveted rite of passage, but a rising number of kids no longer see it that way: 60 percent of American 18-year-olds had a driver’s license in 2021, down from 80 percent in 1983, according to data from the Federal Highway Administration. In that same period, the number of 16-year-olds with licenses dropped from 46 percent to 25 percent. Today’s driving-age teens are navigating a very different world, filled with new complexities and anxieties.

The allure of independent mobility might be dimmed by the digital connectivity that didn’t exist when previous generations came of age. Teens can summon an Uber or Lyft with the tap of a finger. Parents can monitor a child’s every move through an app. Phones are at once a potential distraction behind the wheel, and also why teens might feel less motivated to drive in the first place: When hangouts can happen at any time online, there’s less urgency to meet up with friends in person.

https://www.yahoo.com/lifestyle/why-arent-teenagers-driving-anymore-134025104.html

[Tapeworm]

The US auto industry has been on a ventilator all my life. They've had 50 years to get their shit together but all they do is whine and ask taxpayers to carry their fat ass. Classic corporate socialism dressed in drag as muh patriotism.

Useless dickwads. Put the flag down and just make a good affordable product already.

[Humble Narcissist]

If you don't you will eventually lose your job anyway and end up with nothing.

Yep.

[US MUSL]

I work for General Motors. At my plant a few weeks before the buyout about a dozen low level managers were fired.
 For those receiving the buyout and many were denied,  they received insurance and up to a years severance pay.

[nzgs]

vote out the current American regime. 

You've had the same regime for about 100 years, and you can't vote them out.

[ProudVirgin69]

Honestly I’m shocked at how quickly my mentality has shifted to not wanting a car anymore.

This year I went from looking to buy a new 115k Tesla, to a performance car half its price to wondering why I even have a car. I have driven maybe 5km this month 🫤

Also mentally owning cars vs having car payments is very different. When having car payments you wished you own them then when you own them you wonder why you have so much cash tied up in something you barely use.

QFT.  Cars are an insane waste of money.  Unfortunately, with the way America is designed—spread out sprawling locales and little public transportation— they are a necessity for the overwhelming majority of Americans.