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Monday, August 16, 2010 - 11:48 PM
There have
been nine new publications added to the Forum. The first two can be found in
the UAW national, regional and local specific topics area. The first article is
a release from the Associated Press telling that the United Auto Workers Union
has decided not to go ahead with a vote on a new wage-cutting contract for a
General Motors Co. stamping plant facing sale. The second article comes from
the Indianapolis Star giving more information on workers at the Indianapolis
stamping plant shouting “no” to discussion of pay cuts, and with workers dug
in, UAW Region 3 director Maurice “Mo” Davison says GM looks likely to go ahead
with closing plans and will post a timeline as early as the 17th of
August for taking out the dies and machinery. By GM’s management being so short
sighted and stubborn, they don’t realize the consequences this decision will
cause, like the loss of livelihood of thousands of workers and the quality of
parts produced elsewhere.
Three new
posts have been placed under the GM, Ford and Chrysler tab. The first article comes
from the Detroit News reporting that the remade Ford Taurus has emerged as a
flagship for the Dearborn automaker, restoring luster to a nameplate that had
become linked with “rental car,” and helping to revive an automaker that had
become dependent on trucks and SUVs. The second article comes from Bloomberg
News stating that General Motors Co. Chief Executive Officer Dan “melon head”
Akerson’s biggest challenge in selling investors on the company’s initial
public offering may be convincing them he can revive the unprofitable European
unit that lost $637M in the first half of 2010. The third article comes from
the Detroit Free Press and gives a look at General Motors’ history in
leadership.
One new post
has been added to the Hodgepodge category. The article comes from The Weather
Channel as found posted in the Washington Post. It tells 10 things to know
about flood safety when it comes to driving.
Three new
posts have been entered into the Open Discussion section of the Forum. The
first article comes from the Detroit News Washington Bureau. It reports that
the National Highway Traffic Safety Administration wants to require
lap-shoulder safety belts on commercial busses. The second article is a release
from the Associated Press stating that the government has opened an
investigation into possible loss of steering control in the 2010 Kia Soul. The
preliminary investigation covers more than 50,000 vehicles. The third article
comes from Bloomberg News. It tells that Wall Street banks led by JP Morgan Chase
& Co. and Morgan Stanley stand to make a combined $120M on General Motors
Co.’s initial public offering. If it weren’t for Goldman Sachs Group Inc., they
could have made four times as much. Some of these “banks” should be grateful
that they are a part of the second biggest IPO in U.S. history, but no, all
they want to do is whine and piss and moan about the millions and millions of
dollars they won’t be able to scam out of GM simply because of competition.
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