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As a man thinks, so he is. Some people are never. Recent Posts
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CarSpace Alternate RouteTurn off the nav system, crumple up that MapQuest printout, and let's find out where the next random turn may take us! Nov 5, 2009 - That's MY Job
I was reminded of the film while reading an interesting op-ed piece in the Wall Street Journal about how Ford is making it comeback, and how the UAW is throwing a real monkey wrench into the works. The real issue is the job classifications. Ford's UAW contract has lots of them, governing who can and who can't perform specified tasks on the factory floor. So if a machine breaks down, an assembly line can come to a halt while everyone waits for the worker with the proper classification to arrive at the scene. If other workers nearby are perfectly capable of fixing the machine, well, that doesn't matter. The number of job classifications is less than it was a decade ago, but it's still far too many to maximize a factory's efficiency. The classifications and attendant work rules are enforced by union bureaucracies—members of each plant's shop committee, grievance committee, health and safety committee, etc. They're all paid by the companies, as are their legions of corporate counterparts. One man's feather-bedding is another man's job. All this begs a fundamental, and uncomfortable, question. Can a UAW-represented car company compete effectively, long term, with its nonunion competitors? At the very least, companies organized by the UAW have lots of extra costs to bear at their factories located in the U.S. The UAW members at Ford may want it to still be the heydey of their power and influence, but they really need to catch up with modern times before they're left behind wondering what happened to their jobs. Read the entire article at wsj.com
Nov 4, 2009 - News Funnies
As Chrysler sits on blocks, what will Fiat do to fix it? Given that some folks have suggested that Fiat is an acronym for Failure In Automotive Technology or Fix It Again Tony, the headline gave me a little chuckle. Whatever their plan is, it's going to have to be a good one.
Nov 3, 2009 - Get Out And Vote!
Taxpayers have sunk more than $50 billion in bailout and bankruptcy financing in GM and more than $14 billion in Chrysler this year. About half of the debt was wiped out in bankruptcy at both companies. The government received 9.85 percent equity in Chrysler, and 60.8 percent equity and $2.1 billion of preferred stock in GM, and $13.8 billion in debt obligations between the two companies. Yep, that sure is an attractive IPO. I can't see anything wrong with this plan, can you? Read more at reuters.com AR Index 607.97 +6.68 (+1.11%) Stocks of individual interest Dow 9789.44 -78.52 (-0.80%)
Nov 2, 2009 - What A Difference A Bridge Makes
Not only did they agree to the changes in the contract that put them in line with the deals with GM and Chrysler, they did so by voting 83% in favor as opposed to roughly the same percentage in opposition at the UAW plants. Will Ford start to migrate work to Canadian plants? It's not that long a trip over the Peace Bridge to the competetive side of the falls. Read the entire article at freep.com
Nov 1, 2009 - Rubbernecking
This photo is from the Weird Accidents section. Now that's a pothole!
Oct 31, 2009 - Ask Dub Schwartz!
Just be careful that you don't create a creature that eats your finances alive Marty! Happy Halloween!
Oct 30, 2009 - Let The Celebration Begin
Under the terms of the agreement, Sterling Axle was supposed to get new rear-wheel drive work that would have added about 100 jobs. Now, union sources fear that work will be given to Getrag Corp., a German supplier with a nonunion factory in North Carolina. Local union leaders also were told Ford is considering outsourcing other components made at the plant, where 80 percent of workers voted against ratification. "I don't think people here really understood that the work we had been promised was contingent on ratification," said Sterling Axle UAW member Brian Pannebecker, who voted in favor of the agreement and is now helping to organize a petition in support of revote. Exactly what did you think was going to happen here guys? I'm hopeful in that there seem to be at least of few UAW members who realize that the choice is between "winning" and working. Read the rest of the article at the Detroit News
Oct 29, 2009 - Bark Or Bite?
Steve Collins, president of industry trade group the American Automotive Policy Council, said Wednesday that U.S. officials have told the three Detroit automakers that China is expected to begin an investigation under anti-dumping laws into their business practices as soon as next week. The U.S. auto companies export only about 9,000 cars to China annually, Collins said. GM manufactures and sells more than a million cars a year in China, though those sales wouldn't be affected. Mercedes-Benz, BMW and Nissan also export cars to China from plants in the United States, but those won't be included in the investigation, Collins said. As China has been one of the places where auto sales have been growing (a mere 84% increase in September) this kind of feels like the big dog flexing his muscles a bit. Read the entire article at Yahoo Finance
Oct 28, 2009 - Dust Collectors
The trusted magazine Consumer Reports heaped praise Tuesday on Ford Motor Co., which continues to gain momentum in the face of the global recession. World-class reliabilty could mean anything, but when you only score 44% or 4% on anything that's being handed out, especially when others in the class are getting 90%, it's going to be hard to twist that into an ad slogan.
Oct 27, 2009 - Glory Daze
Old Detroit lives! Here, in the week before Ford Motor Co. hopes to maybe, sorta' report encouraging third-quarter earnings, a faction of its United Auto Workers membership is on course to torpedo a revised labor agreement -- proving, yet again, that bankruptcies and painful retrenchments aren't enough to shake some real-world sense into a deeply engrained sense of entitlement. I'm not sure what thought process (if any) is going on in the heads of those union members leading this charge to derail the labor agreement, but they are sadly mistaken if they think the UAW is the power that it once was. This all reminds me of an A&P grocery store that we used to have here in town. The local union went on strike, demanding, among other things, ridiculously higher wages for grocery baggers. And they were not going to budge one inch off their position. The store informed them of the impossibility of their demands and that the store would close if some kind of deal couldn't be worked out. The union voted to not give in, the store closed and has been empty over 25 years. But hey, they stood their ground and faced down the company. Nice moral victory guys. I almost forgot... we're also getting along fine without the A&P, buying our groceries at the other stores that moved in to fill the void. Even Ron Gettlefinger gets it. If the union drives the company into the ground, you can't stock the fridge with a moral victory. Read the rest of Daniel Howes' at detnews.com Meanwhile, in the real world... AR Index 601.28 -11.80 (-1.92%) Stocks of individual interest Dow 9867.96 -224.23 (-2.22%)
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