Govt Motors To Pay UAW Employees $7000 Bonus

This, as taxpayers lose billions on GM bailout buyback… I have no problem with private companies paying whatever they want to their employees. I do take umbrage with zombie-companies (propped-up by taxpayer dollars) who stiff the taxpayers they owe, to give bonuses to the union members who caused the whole mess, to begin with.

Profit-sharing bonuses for United Auto Workers’ members at Ford Motor Co. (NYSE: F) and General Motors Co. (NYSE: GM) are expected to be at least as large as last year’s payout at General Motors and larger than the year-ago bonuses paid at Ford. Approximately 55,000 GM hourly workers and 40,000 Ford employees are in line for the payments.

GM workers can expect bonuses of between $5,500 and $7,000, and Ford’s employees could receive a payment of more than $8,000 each, according to a report in The Wall Street Journal. The payments are based on a formula that gives workers a $1 bonus for every $1 million in North American operating profit at the two companies.

Read it here.

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15 Responses to Govt Motors To Pay UAW Employees $7000 Bonus

  1. R.D. Walker says:

    The government is also selling its shares back to GM at a 50% loss. It is going to cost taxpayers at least $10 billion.

    Don’t let anybody tell you that GM paid back the government and it didn’t cost anything. Now that the government is realizing losses, it is no longer just paper losses. It is real money.

    • notamobster says:

      When I first clicked on the link in the story, I meant to put that in my post. Thanks for remembering. 50% loss is nothing to sneeze at.

  2. messup says:

    General Motors faces the greatest impact, almost 22% extra on some sports utility vehicles (SUVs) and other cars with engine capacities above 2.5 litres. Chrysler faces a 15% penalty, while a 2% levy will be imposed on BMW, whose US plants make many of the cars it exports to China.

    Existing taxes and duties already push up the cost of US imports by 25%, and the new levies make it even more expensive for Chinese consumers to buy American.

    Now we learn what they were after. In a May 2 Huffington Post commentary (“Commies in Cadillacs: GM Turns Chinese”), economists Peter Navarro and Greg Autrey reported that GM will build its luxury cars in China instead of exporting them to China. They began:General Motors announced this week that it will start building the Cadillac XTS, CTS and ATX in China in an attempt to keep up with the insatiable demand for luxury consumption by that nation’s nominally Marxist elite. It seems that Communist Party princelings and their crony capitalist clients just can’t get enough Caddies, not to mention the BMWs, Ferraris and Lamborghinis.

    This will be a joint venture with SAIC, the company that owns 51% of GM’s China business. The announcement of the new factories was made by the vice president of GM China at a Beijing auto show on April 23. Valuewalk.com reports:In 2012, GM will build the new 2013 Cadillac XTS sedan in China, followed by the ELR luxury electric coupe.

    Currently, China is only selling one model, the large-length luxury sedan, the Cadillac SLS; it is built in the country while it imports the CTS, SRX crossover and Escalade from U.S. and Mexico plants, reported The Detroit News.

    Nine months ago, the same scenario played out even more quickly. On September 16, the Wall Street Journal reported (“Road Gets Bumpy for GM in China”) that the Chinese government was pressuring GM to give away its proprietary electric car technology. At that point, GM was refusing. Here’s a selection:GM would like to bring its Volt electric car into China. But Chief Executive Dan Akerson said he refuses to share electric-car technology in exchange for hefty consumer rebates from the Chinese government that would juice sales of the vehicle.

    Just one week later, on September 22, the NY Times reported (“GM to develop electric cars with Chinese automaker”) that GM had caved to the Chinese government demand:HONG KONG: General Motors said Tuesday that it would develop electric cars in China through a joint venture with a Chinese automaker [SAIC], and would transfer battery and other electric car technology to the venture.

    As a condition for doing business in China, the Chinese government requires that GM share its made-in-America technologies with SAIC, which is both its Chinese partner and its competitor. Back in 2009, Bloomberg reported (“GM Set for ‘Harder Life’ in China as Partner SAIC Adds Models”) that SAIC is already using GM’s technology to produce cars for the Chinese market, outside its partnership with GM. In February, SAIC got GM’s electric car technology. In April, SAIC got GM’s Cadillac technology.

    The left pretends that evil corporations owned by wealthy Americans build factories in China in order to avoid paying higher U.S. wages. But this is Obama’s car company we are talking about. GM (Government Motors), the company that Obama saved from having to pay its pension benefits, the company that Obama saved from being owned by its bondholders, the company that Obama saved from break-up into its constituent parts, the company that Obama claims as his biggest accomplishment. Here it is building Cadillac factories in China instead of exporting Cadillacs from the United States to China. Why?

    The reason is simple. Manufacturers know that, under the current system, they can produce in China and sell to the United States, but they will not be allowed to produce in the United States and sell to China — all because the Obama administration does not have the intelligence or will to invoke the WTO rule for trade-deficit countries invoked by President Nixon on August 15, 1971, when he imposed an across-the-board 10% tariff which balanced U.S. trade by 1973.
    Chinese reality check:
    (5 May 2012) For 2012, Government Motors, GM, had set a goal of about 45,000 Volt sales in the U.S. Through the first third of the year, GM sold just 5377, 12% of the annual goal. (Source: 1 May 2012 GM.com)

    Chinese factories producing GM automobiles:
    GM has increased its manufacturing capacity in China by an estimated 55 percent after the bailout, according to industry watchers. GM’s Dan Akerson crowed at the Beijing auto show earlier this year: “One of our aims is to help grow a new generation of automotive engineers, designers and leaders right here in China.” The U.S. auto giant’s ventures with the Communist regime include:
    1) Shanghai OnStar Telematics Co., Ltd.;
    2)GM China Advanced Technical Center;
    3)FAW-GM Light Duty Commercial Vehicle Co., Ltd., in Harbin, Heilongjiang;
    4)FAW-GM’s Changchun plant in Changchun, Jilin;
    5)FAW-GM Hongta Yunnan Automobile Manufacturing Co., Ltd., in Qujing, Yunnan; and
    6)Shanghai Chengxin Used Car Operation and Management Co., Ltd.

    Has any of this “open and transparent” information appeared in MSM? HUH? American GM Union workers are getting bonuses for producing what? Recent information has GM’s production stake in China as high as 70% (from the initial 55%).
    Facts are just pernicious little things this Obama regime just can’t hide from We The People. Pray. Amen.

  3. Ray Davies says:

    There goes our SS cost of living raise. That’s damned near what my SS is and I worked for it. He’s sold our country and the liberals are trying to sell our souls.
    \Just say Merry Christmas

  4. Rich Luke says:

    Wow. Our commie in chief helping our major debt holding commie nation. Such a suprise.

    Some applaud Nixon for opening trade with China. I do not. It is stupid beyond measure to do business with an enemy.

  5. R.D. Walker says:

    Today I bought a 2013 Toyota Tundra. Assembled in San Antonio, Texas of 81% US originated parts by 100% non UAW labor.

    • notamobster says:

      That is 100% weapons-grade awesome, Sir! Way to let your dollars speak for you.

      • R.D. Walker says:

        Had to do it. That was after five Ford F-150s in a row. Every vehicle that I have had – not wife or kids, but my vehicle – since high school. Nothing wrong with my last F-150. It was a damned fine vehicle.

        Screw this crap, however…

        For any union goons reading this: I just gave you a big FU today. I am not exaggerating or engaging in hyperbole when I say this video finally made up my mind for me.

  6. notamobster says:

    It was working with a union, as management, that made me (virulently) anti-union. I was okay with it before.

    I still agree that union contracts in the private sector, are their right.

    Their behavior, however, dictates that my conscience not allow me to spend my money on their products.

  7. Shawn C. says:

    Come on, that is clearly an edited clip of film. I saw a clip on Hannity where the union guy is getting up from the ground before he threw a punch & it looks as if Crowder threw him down. Now I’m not a union flag waiver but I’m also not a union basher. I just want is real & not either sides BS. I can’t stand either the Democrats or Republicans & think both sides are screwing up this country.

    • R.D. Walker says:

      I saw that uncut video and I don’t see how it proves anything. What I did see there, and everywhere they gather, crowds of dumb ass, foul mouthed union goons engaging in general violence.

      I can’t stand union thugs screwing up the entire economy to protect a few jobs. They are a net drag on the economy and, if they weren’t politically connected, they would be jailed for racketeering.

      • Shawn C. says:

        I don’t understand all the vile hatred towards union people, again I’m no union apologist & believe they cause alot of their own problems. The police & fire are unionized, are they all goons & thugs? My best friend is a deputy sheriff at the county jail & going to Fort Dix next month then to Afghanistan. He is leaving a wife and son to fight for us. Do you think he is just some dumb ass goon? I don’t!! I live in Ohio which has alot of unions & have seen strikes & protests, the
        overwhelming majority never had any problems. I also live in a county with a GM plant. I have seen where various unions have helped the community.They have sponsored Make a Wish programs, Relay for Life, gave food baskets to families in need for Thansgiving & Christmas, helped various families tragedies, etc. I also saw where the other side brought in thugs to intimidate the union protestors. All I’m saying is that there is blame to go around on both sides & that most union people aren’t just a bunch of thugs. The tape still edited & I still believe Crowder showed what wanted & helped stir the pot.

        • notamobster says:

          Just so everyone can see what actually happened:

          Here is the view from two angles, side-by-side. Steven Crowder obviously has his hands in the air (“I give up” style).

          That melee would not have happened if the union goons hadn’t been trying to destroy the AFP tent.

          The crowd pushed in around them and someone shoved him into the union goon. I’ve had a friend do this myself, as a stupid young man, to get a fight started (push someone into me, so I can justify knocking their teeth out).

          I don’t know that that’s what happened in this case, but I wouldn’t put it past the thuggery of the people in this video. The same people screamed “Nigger” and “Uncle Tom” to a black business owner who was selling hot dogs – as they destroyed his business – because he supported Mitt Romney. Please, tell me again, how civilized these people are.

        • notamobster says:

          I don’t understand all the vile hatred towards union people, again I’m no union apologist & believe they cause alot of their own problems. The police & fire are unionized, are they all goons & thugs? My best friend is a deputy sheriff at the county jail & going to Fort Dix next month then to Afghanistan. He is leaving a wife and son to fight for us. Do you think he is just some dumb ass goon? I don’t!! I live in Ohio which has alot of unions & have seen strikes & protests, the
          overwhelming majority never had any problems. I also live in a county with a GM plant. I have seen where various unions have helped the community.They have sponsored Make a Wish programs, Relay for Life, gave food baskets to families in need for Thansgiving & Christmas, helped various families tragedies, etc.

          No one here hates police or firefighters, soldiers, fathers, Make-A-Wish, Relay-for-life, charity, Thanksgiving, or Christmas – so, if you please, leave the straw men for this year’s rendition of “The Wizard of Oz” because it’s useless in a logical debate, with intelligent people. No one here has said or implied that all union members are mindless thugs or any other such idea. Knock off the strawman crap.

          I also saw where the other side brought in thugs to intimidate the union protestors.

          Again, no one here has ever said that all companies are good, or that they act in the best interest of humanity, so find a point that makes sense instead of trying to evoke an emotional response from your audience. Justifying mindless thuggery by saying that other (unrelated) people have done similar things (in the past), does nothing to win people over to your point-of-view. It reminds me of my 7 year old son when I ask why he hit his sister.

          All I’m saying is that there is blame to go around on both sides & that most union people aren’t just a bunch of thugs. The tape still edited & I still believe Crowder showed what wanted & helped stir the pot.

          The tape was edited to show that some guy punched him in the face. It clearly does that. I agree that his entire tape should have been shown, but that wasn’t the point that would get people’s attention in this era of sound bites and news clips.

          Also, there is absolutely NOT ENOUGH BLAME TO GO AROUND on both sides. Find me a video of non-union workers attacking union thugs. Find me a video of non-union workers screaming racial slurs and destroying businesses. You may find one… Now – take that video and contrast it to the thousands of videos which illustrate union thuggery against anyone who doesn’t agree with them.

          Tell me again, how civilized ‘these people’ (the ones in the video) are.

  8. Shawn C. says:

    You totally missed my point. Maybe I didn’t explain it good. I am no left winger, I am a social conservative & vote accordingly. If I had the choice for President it would be Pat Buchanon or maybe Duncan Hunter. I am also pro American worker, I don’t care if your in a union or not. I look at the label & try to buy American made whenever possible, again be it union or not I don’t care. I’m not arguing for a union agenda. I think when the right calls all union members as thugs it is just as wrong when the left calls all rich people as greedy or all Christians as dimwitted bigots. Americans shouldn’t be at fellow Americans throat. That was my only point. Now as far as the video, those union guys were wrong for how they acted but I also believe Steve Crowder helped instigate what happened. Sometimes when you go looking for trouble you just may find it. I wouldn’t go to the Cleveland Browns Dawg Pound wearing a Steelers jersey & not expect something to happen.

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