Thread regarding General Motors layoffs

Chip shortage predictions

I read some predictions that the worst-case scenario could easily happen according to which the ongoing chip shortage will not last until the first half of 2023, but will run into 2024. It's worrying, obviously. I'm just wondering how GM will try to overcome the situation and which plants could possibly be additionally closed?

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Post ID: @OP+1cOWxktg

8 replies (most recent on top)

Companies have spent the last 40 years shipping jobs overseas as they chase the cheapest labor in the world.

All these supply chain problems are the chickens finally coming home to roost.

Don't feel sorry for them.

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Post ID: @kkwp+1cOWxktg

Seems it would be smart to have domestic suppliers instead of importing everything.

That goes for parts as well as complete vehicles.

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Post ID: @gdim+1cOWxktg

That's because China has strong smart leaders leading a disciplined work force dedicated to their jobs.

We have companies like General Motors with incompetent managers who get their jobs through politics leading a workforce where hard work can lead you to be continuously degraded by leadership and more experienced engineers until you are forced to quit and/or laid off.

#Pontiac
# GM2020

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Post ID: @8xuz+1cOWxktg

Ironically there's no chip shortage in China... hmmmmm

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Post ID: @7mxn+1cOWxktg

Was a linked in article on 9/15/2021. Not too keen on how to share, but here's the copied content. Again to confirm, GM, FCA, and Ford stock to drop by 20% or better. IF you can't sees it, then you can't seize upon it.

General Motors is being forced to cut production by 200,000 vehicles for the rest of 2021 due to the global chip shortage.

The year started off promising - GM delivered 1.1 million vehicles in North America for the first half, and was only expecting to cut production down by 100,000 units, but now the prediction has doubled and almost all of its North American are temporarily closed.
GM isn’t the only automaker struggling through the chip shortage.
Ford saw a 30% dip in sales last month, its lowest rate since June 2020.
Toyota also has to slash production by 40% for September.
The industry is hoping by 2022, they can be somewhat back on track to usual production levels. Overall, the global chip shortage has cost the automotive industry $110 billion in revenue this year.

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Post ID: @4gwt+1cOWxktg

Ramifications of GM's "Just In Time" mandates. None of their suppliers allowed to carry inventory.

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Post ID: @3qoq+1cOWxktg

I don't remember the leadership of General Motors having much sympathy when they were fixing their own mistakes and enacting their political agendas through layoffs.

I will not have any sympathy if General Motors still cannot survive the free market system.

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Post ID: @2zym+1cOWxktg

FCA, Ford, and GM stock to drop by 20% or better. You don't have to believe it, only know it's going to happen, and watch for it. If it doesn't, down rate this post. If it does, up rate this post.

You think the chip shortage, like all shortages are random?

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Post ID: @1gkf+1cOWxktg

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