GM to Eliminate 1,300 [[2nd Shift) Jobs at Detroit-Hamtramck

[Chicago48]

Easy come, easy go.

Hopefully, this isn't the beginning of a downturn. But between interest rates rising, the economy slowing and $3/gallon gas returning, things aren't looking as rosy as they did before.

GM to cut second shift, 1,300 jobs at Detroit-Hamtramck


http://www.detroitnews.com/story/bus...lant/95641426/

There have been several articles about how car owners are "underwater" with their car loans. When they go to trade the car, they owe more for the car than the trade-in value. That the millenials don't buy cars the way the older generations do. It all makes sense that there would be a slow-down in car production. Wouldn't be surprised if the car mfrs start moving more productions to Mexico to cut cost.

[mikeg19]

It all makes sense that there would be a slow-down in car production. Wouldn't be surprised if the car mfrs start moving more productions to Mexico to cut cost.

Two things. One, auto production is at an all time high, and although there are projections of a slowdown, it isn't going to be catastrophic. I read somewhere recently that they were still projecting in the 17-18 million a year autos produced range when the slowdown begins. Second, President Trump has said he will slap a high tariff on products sent over his wall to the USA for consumption. Will the automakers disregard the threats and move car production anyways? It will be interesting to see how that game plays out.

[Bham1982]

Second, President Trump has said he will slap a high tariff on products sent over his wall to the USA for consumption.

There's no planned "wall" or "high tariff". That was just nonsense from our Con-Man in Chief to fool racists and those who slept through Econ 101.

Will the automakers disregard the threats and move car production anyways? It will be interesting to see how that game plays out.

There's also no "moved car production". Can't blame brown people on this one. There's too much fullsize car/truck inventory, so they're cutting capacity.

I sincerely hope those employed in the auto industry aren't spending their record bonuses on stupid stuff, because the party is likely ending. This is a highly cyclical industry, and the last few years have been fantastic.

[Chicago48]

There's no planned "wall" or "high tariff". That was just nonsense from our Con-Man in Chief to fool racists and those who slept through Econ 101.



There's also no "moved car production". Can't blame brown people on this one. There's too much fullsize car/truck inventory, so they're cutting capacity.

I sincerely hope those employed in the auto industry aren't spending their record bonuses on stupid stuff, because the party is likely ending. This is a highly cyclical industry, and the last few years have been fantastic.

And let's not forget the robots. You can idle and lay off robots better and quicker than people.

[Honky Tonk]

And let's not forget the robots. You can idle and lay off robots better and quicker than people.

I don't know about that...... robots don't like to be messed with.


https://www.youtube.com/watch?v=K6iF5sINVns

[GMan]

And let's not forget the robots. You can idle and lay off robots better and quicker than people.

Robots like any mechanical device like to be exercised to keep parts lubricated. I would be curious to know if there is a "keep alive" program that runs to accomplish this. I don't have any experience with manufacturing robots, just stories from manufacturing based relatives.

[Rock N Rye]

There's also no "moved car production". Can't blame brown people on this one. There's too much fullsize car/truck inventory, so they're cutting capacity.

I sincerely hope those employed in the auto industry aren't spending their record bonuses on stupid stuff

This is totally false regarding full-size truck inventory being high. The big 3 will be greatly expanding truck/cuv production, which are the most profitable vehicles. LGR, Lordstown, and DHam will be cutting shifts because they only build cars, which are not selling cause gas is cheap.