Posted on 07 August 2007. Tags: Cerberus, Chrysler, Nardelli
One of the things that is striking is the way in which corporate executives and pundits, no matter how much of a failure they might be, just recycle themselves into a new life, without so much as a hint that they failed (I guess the same can be said for coaches and managers of […]
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Posted on 24 July 2007. Tags: Chrysler, Ford, General Motors, Healthcare, Ron Gettelfinger, UAW
Most of the MSM reporting on the opening yesterday of the negotiations between the UAW and General Motors and Ford was pretty standard fare. The New York Times article doesn’t reveal a lot but there are two things of note. First, from UAW prez Ron Gettelfinger: Â Mr. Gettelfinger, too, sees the outcome of the […]
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Posted on 20 July 2007. Tags: Chrysler, Ford, General Motors, Health Care, Labor, Single Payer, UAW
I’ve written about this before but it bears repeating–particularly when The New York Times and the rest of the MSM continue to let ideology, not economic facts, dictate policy coverage. Today’s Times article on the challenges facing UAW retirees gives us another opportunity see how, despite large public sentiment in support of single-payer, the MSM […]
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Posted on 08 June 2007. Tags: Carl Levin, Chrysler, Debbie Stabenow, Ford, General Motors, Global Warming, Single Payer
At first glance, you might say “huh?” (and, maybe after you read this, you’ll say the same). The auto industry has been lobbying hard to scuttle higher fuel emission standards, claiming the industry just can’t afford the changes–and some Democrats seem to be biting. People are rightly upset at the Democrats but the critics have […]
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Posted on 18 May 2007. Tags: Chrysler, Labor, Pensions, Private Equity, UAW
   I promise I won’t keep writing every day about the UAW–it might seem like favoritism–but, if you’re interested, there is a transcript of an on-line chat that UAW prez Ron Gettelfinger had with members.    One thing I found interesting was this little snippet: Ludington, Mich.: Gentlemen, as a Chrysler retiree and former chief […]
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Posted on 17 May 2007. Tags: Chrysler, Labor, Pensions, Private Equity, UAW
The folks that are going to buy Chrysler–the private equity firm of Cerberus Capital Management–are working hard to reassure the UAW and rank-and-file workers that a bunch of workers are not heading for the unemployment line. I’m skeptical–mainly for the long haul. The Wall Street Journal has this today (subscription only): Â Leaders of the […]
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Posted on 16 May 2007. Tags: Chrysler, Labor, Pensions, Private Equity, UAW
Yesterday, I did a television interview about the buy-out of Chrysler by a private-equity firm. It was striking to me during that interview—and is reaffirmed if you read the MSM coverage of the story—how much the story is being framed entirely around the “sacrifices” that the rank-and-file workers will have to make to keep Chrysler […]
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Posted on 26 April 2007. Tags: CEO Pay, Chrysler, Class Warfare, Health Care, Pensions, UAW
    The real story bubbling within the auto industry is not the news that Toyota vaulted over General Motors in worldwide auto sales. Rather, it’s the growing ideological–not economic–drumbeat that is gathering targeting the livelihoods of tens of thousands of auto workers. And this is a direct attack against a decent standard of living for […]
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Posted on 24 April 2007. Tags: CEO Pay, Chrysler, Class Warfare, Health Care, Pensions, UAW
The inevitable ideological attacks against the UAW has begun. Just in time for the news that Toyota overtook General Motors in worldwide sales for the first time in history, the drumbeat has picked up in the pages of the business press: auto workers have to just buck it up and take the hit to save […]
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Posted on 24 April 2007. Tags: Chrysler, ESOP, Labor, Private Equity, UAW
I don’t really find this story to be too credible. UAW Group, Tracinda Discuss Bids for Chrysler By GINA CHON and JOHN D. STOLL April 23, 2007 Representatives of billionaire investor Kirk Kerkorian’s Tracinda Corp., which has proposed a $4.5 billion acquisition of DaimlerChrysler AG’s Chrysler Group, met yesterday with United Auto Workers members who […]
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