Thread regarding General Motors layoffs

@58k+1w0EugCc

It doesn't matter how Elon feels. What does matter to GM and it's employees is that the government is not going to force EVs on people. That's a big problem for our future since the upcoming portfolio is EV-centric. GM management will either pivot, or we go down with the ship.

How will Elon feel about getting rid of laws that promote EVs?

The EV tax credit and the mandates are now officially dead, as of 11:00am EST.
Welcome to the new American Dream.

I laugh when I hear how clean an EV is. Finished product, sure, but do some research on what it took to produce that battery. I have done much research on this after hearing a comment, and it is true. It takes multiple times the amount of carbon with the machines used digging and mining the lithium, cobalt, alum, etc than it does for the mining of fossil fuel for ICE vehicles. The report I read said this>

You will have to drive your EV nonstop for 8 years to break even with an ICE vehicle carbon output. People forget we are still stripping the earth of resources that are still not an endless supply and takes much more materials and mining to produce that clean EV. Look at the big picture not the finished product.

Another failed American EV company:

"EV startup Canoo places remaining employees on a ‘mandatory unpaid break'"
https://techcrunch.com/2024/12/20/ev-startup-canoo-places-remaining-employees-on-a-mandatory-unpaid-break/

Struggling electric van startup Canoo has placed its remaining employees on what it’s calling a “mandatory unpaid break” through at least the end of the year, according to an email obtained by TechCrunch.

The company told employees they are being locked out of Canoo’s systems at the end of the day Friday, according to the email. It said benefits would last through the end of December.

The email comes just a few days after the company announced it was furloughing nearly 100 employees and idling an assembly facility in Oklahoma due to lack of funding. It’s unclear how many remained following those cuts. The company and CEO Tony Aquila did not immediately respond to a request for comment.

Canoo is rounding out a rough year. It recently closed the Los Angeles office that used to serve as its headquarters. It has lost a lot of executives, including its chief technology officer, chief financial officer, and general counsel. The company reported in mid-November that it had just $700,000 in the bank.

A major local Buick/GMC dealership here in Metro Detroit put on an EV party for anyone interested. New GM electric cars and Sierra/Hummer trucks lined up around the building. Free food! Free test drives. Come one, come all!! Let’s party!!

No. One. Showed. Up.
Fail.

Major c3nsorship going on here.
You can't talk about the reality of C H ! N A.

@6ged+1w0EugCc

Everyone's saying Americans don't want EVs, so who cares if China subsidizes them if no one buys them?

"No one wants EVs" and "China will sell so many EVs without tariffs that we'll all get laid off" can't both be true.

@7lmx+1w0EugCc

Yep - the dealers basically have to give them away.

EVs are so successful.

This $0/Month Fiat 500e Lease Offer Is Basically Free If You Don't Count Taxes
https://jalopnik.com/this-0-month-fiat-500e-lease-offer-is-basically-free-i-1851720851

@5hoj+1w0EugCc

We can remove tariffs on Chinese EVs when the Chinese stops subsidizing battery production and the China auto companies. The main reason those cars are so cheap is because the companies are operating at a loss and the China government is propping them up. Unfair labor practices are also being used.

And you have to consider what would happen to your job without Tariffs. If these subsidized China EVs are allowed to be imported with no intervention, the US automakers would have to respond with massive cost cuts. In other words major layoffs or wage/benefit cuts. So be careful what you wish for. Free trade is okay but when it’s done honestly and a level playing field.

If you're right that Americans don't want EVs, then remove all tariffs and restrictions on importing Chinese EVs.

If you're right, they'll lose their shirts.

American just want big and roomy SUVs. They don't car about what comes out of the tailpipe.

@4fcd+1w0EugCc

Haha - Mary and Mark aren’t exactly victims here. There never was a high demand for EVs in the US but they were banking on EVs being forced down consumers throats. That strategy rarely works. They also panicked seeing Tesla market share take off in the short term but ignoring the long term projections. In addition GM leaders have always had the attitude they know better than the customer. Again, a consistent mistake of arrogance at GM.

This is on Mark, Mary and the Board for pi-s poor decision making. Other auto companies like Toyota knew better and resisted heavy EV investment because they listened to the customer. That’s something GM should take note of and learn from.

@4oqv+1w0EugCc

Mary and Mark didn't do anything wrong….

That’s like saying Assad in Syria wasn’t a really bad person….

Those 2 basically sc--wed up GM. They basically went and trashed GM’s ICE programs because they said EV’s are GM’s future.

Now that the tables are being flipped, both of them are looking back at the island far away, trying to figure out how to get back to square one.

What really su-ks…especially in China, GM is losing the EV war with the Chinese companies. GM, like Stellantis and Ford, are seeing they can’t compete.

With taking 5 Billion in charges, I wouldn’t be surprised if GM decides to end its venture with SAIC motors.

The Chinese EV companies already have flooded the Mexican market with their cars.

There's a tracker that tracks the top 100 companies receiving subsidies from the U.S. Government. General Motors is #4, having received $7.5 BILLION. Ford was #3 with $7.7 billion. Once people start to understand the wasteful government spending and how it drives inflation they will (hopefully) rail against it. But there's another issue. Once this happens, automotive companies will need to make and sell great cars to make money without corporate welfare. Can they?

Subsidy Tracker Top 100 Parent Companies
https://subsidytracker.goodjobsfirst.org/?detail=t&order=sub_total&sort=desc

@4cqo+1w0EugCc
Really creepy to just repeat the same thing after someone just owned you.

Mary & Mark put all of GM’s eggs in the EV basket. They are going to be kissing the Donkey.

Mary and Mark didn't do anything wrong - the end of EV subsidies is an external issue. There's no need to kiss anything.
What they will need to do: Present a series of solutions to counter the price increase.

That could involve:
Platform sharing, modular design, partnerships with competitors (historically Toyota and Honda), less complex engineering (we have that initiative now), global sourcing, select lower cost materials, supply chain optimization, cheaper powertrains, cheaper trim & options on the cars, etc. Can you tell I work in engineering?

GM can manufacture low-cost cars or luxury cars. We can create expensive looking cars that are mid-tier cost. There are a whole host of things we can do if there are ample resources and a good plan.

That will not happen in an atmosphere of layoffs, fear, and intimidation. Employees will always react to that by calling in, making excuses, quitting, causing problems, dragging their feet, etc. GM management will get what they deserve for it but it's all a shame because it doesn't have to be this way. We have the talent, the intellectual property, the resources... we just need great management that values all of this and executes well. We are not seeing it and TBH I doubt we will. Not sure if you have seen the changes in management lately... I'll just leave it for you to ponder.

If the EV tax credit gets ki-led, “someone is going to kiss the Donkey”. Notably, Mary & Mark in front of the SLT.

Trump will probably reduce it. GM is already moving away from it and starting to outsource again slowly.

They save more money employing someone overseas than they do paying someone with an H2.

HR is already heading its way to the Philippines. IT will start its way back to India.

https://www.yahoo.com/news/trump-vows-hire-american-businesses-090043671.html

The Austin office has a lot of H1b workers.

Don't know about other offices.

Trump is a big user of foreign workers at his golf courses and other properties.

No matter what he says, he'll never cut h1 or h2 programs.

It's not about labor shortages, as advertised, but about cheap labor.

Corporations will never stop wanting cheap labor.

Think he meant H1B.

Biden made a revision to it. Odds are, Trump will eliminate/ reduce it.

@1qzv+1w0EugCc.

If that does happen, GM will be SO sc--wed, especially if the EV tax credit gets rolled back as well.

GM’s stock will surely take a dive.

What’s really funny, Trump is considering significantly reducing the H2 program.

If that is the case, there is going to be a horde of people dropping dung in their britches because if they get cut, they will only have a certain of amount of time to find another job before facing deportation.

I heard Texas has a big pool of H2 workers.

“ Or maybe it’s time to merge with Ford and get back to having a decent market share while eliminating product redundancy.”

GM already has the biggest market share in America. Claiming that it doesn’t will not make it true.

Time to stop larping as a tech company and get back to building vehicles the public wants and can afford. Getting bought up by Apple or Google or Gordon Gekko or whoever they were hoping for didn’t happen. Or maybe it’s time to merge with Ford and get back to having a decent market share while eliminating product redundancy. All China ever promised was cheap(er) supplier components in exchange for handing them all of our technical resources. Being those jobs back home so our children have opportunities instead of global competitors.

It’s great that the new administration is going to roll back all of this “green” BS. Hopefully, it’s not already too late for the US auto industry to reverse course.

Ice Ice Baby!

ICE is nICE for NA OEMs.