There’s a reason the government does it that they won’t admit publicly. It’s for industrial capacity should the country find itself in a total war again. Back in WW2 the government commandeered the auto industry and said you aren’t making civilian vehicles for the duration of the war and will make military vehicles and engines for tanks and planes. It’s a lot easier to sell the idea of a bailout as being a jobs issue rather than a national security issue.
@Bonanzaking That still isn't an excuse to steal from tax payers to pay for corporation negligence. Plus if they do go bankrupt there's several other businesses waiting to buy out their rights and restart the brand.
@@thystaff742 actually it is from a defense industry point of view. Newsflash the likes of Lockheed Martin only builds military aircraft unlike say Boeing so your tax dollars are perpetually bailing out a company. The government isn’t going to exactly allow say Chinese brands like BYD to buy GM.
Was in the business for 22 years and all I can say is that they did this to themselves. During the pandemic dealers added crazy markups and manufacturers seeing the average transaction price was higher than the MSRP they jumped in to increase their profits and also raised the MSRP. This kept going on until they priced themselves out of the market. To top it off the unions joined the party and raised production costs. Now they are pinned!! It’s sad to see how poor foresight from top management buried the American auto industry.
well said. I had a car accident in April 2022 (during the pandemic). I have been a Honda customer for over 20 years. I was looking for a Honda Ridgeline. The ones they had were used and they wanted to sell them at new prices. Therefore, DO NOT bail out the automotive industry.
I have been driving manual cars since I’m 16 and now I’m 39. I still to this day daily drive a 2014 Chevy Cruze manual with 180k miles on it. It’s probably not even nice enough to sit on Brandon’s lot. But it’s a nice cheap reliable car to get to work for me. I bought the car used 7 years ago with 20k miles on it for 9k because they couldn’t sell it…. Hahahaha.
I have been driving manual vehicles since I was 16, and I am 69 now. I have had 5 manual vehicles, and currently have a 1996 Ford Ranger Splash 3.0l V6, 5 spd manual with 250,000km on it which I bought used in 2004, which Brandon would not even buy now. It is still running and in decent shape, and I have invested in maintaining it, and I just cannot get rid of it, knowing I may never find anything like it again, and because I still enjoy driving a manual. I have kept all my manual vehicles until basically the end of their life, and I will with this one as well.
Why don't you go start your car in your garage with the door closed? Cause you're too smart for that; right?! You can sleep in your EV with the AC on or the heat on inside your garage with the door closed. Noticed any extreme weather events lately due to climate change; better ask those in Ashville...
@johnsee7269 We are still coming out of the last Ice age. BTW look at a lithium mine on Google maps and compare it to an oil well. There is no way you can convince me it is better for the environment. Would you like to discuss lithium fires or electricity production next?
No EV demands on Tesla. Tesla sold 1.808 million EVs at a profit in 2023. That's far more than twice as many EVs as Ford sold in gas F150s. Tesla sold 1.789 million EVs at a profit in 2024. U are free to purchase as many gas vehicles as U wish. Purchase and invest in several gas vehicles and you'll have enough of them to last the rest of your life.
They don't need a bailout. If they would just sell their unsold cars dirt cheap, they'll recoup there loss fast! They shot themselves in the foot by selling expensive S**t no one could afford.
3:07 In fairness, you employed, what, a couple dozen people? Little different when there's 100,000 jobs on the line and many communities rely on them as a workplace that keeps the town alive. A golf store could close in the Phoenix metro every day for a year and there'd probably still be some. Not saying that I support bailing them out, but it's less about ideology and more about the practical implications that the would do a lot of great harm to individuals and communities across our country likely alongside, as you note, a wider financial calamity.
What's real pathetic is Ford, GM and Dodge are 100+ year old and they should really be some of the richest companies on the planet. It's not like they are struggling startups. They should all be able to weather a recession with zero problems.
I usually trade my vehicles before warr runs out, but market crushed on my 22 Blazer so I'm stuck with it, had to use extended warranty for replacement of my Onstar module.
You have unions for the same reason we all HATE car dealers. because people CHEAT and LIE. And the people who do that the MOST are those that own big corporations. The "gilded age" was the age of the "robber baron": 19th-century American industrialists who used monopolistic and exploitative business practices to build their wealth. Carnegie. Rockefeller. Morgan.Vanderbilt. SOCIETIES are founded on TRUST but in reality people become billionaires by STEALING. Sometimes that STEALING is completely LEGAL; Bran Thompson didn't break any laws but if you think he didn't KILL anybody, you are completely clueless.
In my youth, I learned to drive manual and had a ball. I have found that in my senior years, when the clutch leg develops arthritis, it is difficult to release the foot brake, let alone perform a simple shift. Enjoy the thrill while you are young.
I agree. I have never bought an extended warranty, but I know people that have. These people have not had major repairs covered because the insurer will find a way to get out of paying for it. In all fairness, the extended warranty has paid for less costly repairs, such as a windshield replacement, but big ticket items seem to not get paid, in many cases. There have even been dealership service department technicians that misdiagnose or even misrepresent the cause of a failure in order to void the warranty on the car. This data is entered into the manufacturer's national database and from that point on, no dealership will honor the warranty on that vehicle.
I tried to drive a stick shift that had a friend had. A year later had a salesperson i was looking to buying a Camaro with a v8 manual. He spent an hour with me. Wasn't comfortable. Then a manager was trying to sell his daughters 1978 or so Camaro. Body panels didnt match up, but when I took it out for a drive. When the cowl induction open up was amazing back in 1980s. EVs gave more power but you don't hear the noise of a v-8 vehicle.
I worked in management at an electronics repair company. After all the shady things I witnessed i joined a union. I can't just quit and find another job paying me $38 per hour plus full dental, health and vision. I have a degree in electronics and I build trucks instead.
@19:00 Love this part of the conversation. Manual has become the new age anti theft device 😂😂 I have to keep a spare vehicles as a straight drive. Nothing like rowing through gears on the highway
I recently inquired about an extended warranty for my 5 year old Explorer ST through Ford. 60 months was $5700 plus $250 deductible per, which doing math is closer to $7000. Told the rep I would need to be on mushrooms to spend that. Ridiculous. I could put 7K in a 5% yielding account and earn $500-$800 even taking out $1000 a year for repairs. Chances are I don't even use half of that anyway. Total racket.
No more bail outs! We are tired of this crap. Citizens shouldn’t have to prop up the car companies. Same goes for the banks. If we have some banks and car companies go Bankrupt then it will be a lot better outcome than bailing these bad managers & scammers out. They are losers so take your medicine!
Banks pay into a fund for the FDIC to make sure that the bank's depositors get back up to $250,000 for each account. The FDIC insures up to $250,000 per depositor, per institution and per ownership category. FDIC insurance covers deposit accounts and other official items such as cashier’s checks and money orders. Banks pay into this fund to protect its depositors. Automotive manufacturers only pay their preferred stock shareholders and the executive management.
@ Tommy, the silicone Valley Bank debacle was that our government bailed the bank out for depositors that had millions over the 250k FDIC insurance limit. The bank knew they were in trouble but handed out large increases in pay. The Bank President received a $39 million dollar paycheck. I heard or read that there were government officials that had millions invested in this bank which may be fuel that drove it to a bail out.
People sometimes have worked at their location for 10 maybe 20 years. They have settled with their families etc(children go to school there and wife/husband works in the city.) They have shown loyalty to their work. They cant just up and leave like its a day at the market. Its sad when owners cant even recognize their own employees. But the first reply is ALWAYS "THIS IS AMERICA, THANK YOU FOR MAKING ME RICH NOW YOU CAN GO GET ANOTHER JOB"
Car manufacturers, would probably follow cell phone companies. Direct stores from cell phone companies vs authorized retailers. Car manufacturers would have direct stores vs stealerships.
The thing about manufacturing and unions in the rust belt was in many small and medium sized towns 40,50 years ago there was only one plant that employed the majority of men to support the economy locally so there was no alternative if you didn’t like the job or agree with the union
Drop the prices on the vehicles being sold and stop taking advantage of the customers the government shouldn’t bail out none of these dealerships. We need a price correction…..🦋🦋🦋
Sales tax? That will help some but again, that is someone else taking g into the chin and letting them have their profits on these ridiculous prices. You raise prices by 40% and then take 2k off, cmon any new car right now is not a fair deal. Period.
"Go work somewhere else" that's bullshit Brandon. There's not that many jobs out there. Unions are the only thing out there looking out for workers these days. If I have a choice between unionizing or going to work at Taco Bell, I'm going to unionize.
Brandon, you're way WRONG about Unions. Unions as a group, help get (merit increases) Raises for EVERYONE in the USA. When a Union like the UAW (reportedly 25%) gets an increase for its workers, Management, in turn gets an increase and Non-Union Companies follow Suit. You see, once the UAW got raises, Toyota as an example gave its Facility raises as well (reportedly only 11%). That IS How it works.
Best 'car commentary' you've ever done as I agree 💯% with your opinions! The UAW almost completely destroyed Detroit and they're (via Shawn Fain) working on destroying what's left now; very, very sad...
The only reason there is a union is very bad management. I worked at a union facility and if it wasn't there the management would have taken over. The nurses went on strike and it cost the hospital millions because management thought they could break them down and it didn't work. All management personnel were fired after. Also, it is so difficult to find a job. I applied for a job and the person on the other end wanted to do the interview through text. Asked for an appointment and never heard from that person again. Sent a resume to the HR manager for the facility and never heard from that person either. I spoke with a young man who sent out 35 resumes and only got one call back. You can't just go out and get a job with a company that satisfies your needs. It is a different era.
Extended warrantee situation - Chevy 2500 HD with a diesel. 5000 miles after the normal warrrantee expires, a number of injectors crap out. Goodbye $4000! I know of this happening many times on Fords and GMs.
question.. if your current employer not paying you well enough, where are you supposed to get the savings from that would float you through while you are looking for another job?
Ray, that's the problem with today's society.. like your hat if it looks a little used they throw it away. A sweat line on your cap shows your honest and hard working. Didn't your mama tell you to use it up!!
I taught my now wife to drive a manual transmission in an AMC Gremlin in 1976. Best I remember it was a three speed. She can still hammer gears with the best of them today.
There’s no other place that has better pay or benefits! You have to fight these evil corporations! Try working in a factory! They would pay 7.25/hr if they could and work 7 days a week!
An Extended Warranty is really a wager, you bet you will have to use it and the warranty company bets you wont. They have the upper hand because they can deny your claims, and that throws the whole thing out the window. I would research this extremely well before buying it, because I don't want them to have the control of denial ability, unless they are a reputable company..
Always buy an extended warranty at the END of your manufactured warranty. I always look at consumer reports when buying extended warranty to make my judgment of buying one. Ive always bought one after doing research and its always oaid off and ive been money ahead.
I love you guys and I always watch I disagree with the statement though. Although you could work somewhere else there's not a lot of jobs out here for people who might only have a high school degree so they're trying to work to make a basic living way I understand to some point they're making more than a living wage but that is why people just can't up and work somewhere else cuz it's not like anywhere else is much better due to everybody having a mindset of capitalism people do not want to pay you and everybody is not cut out to run a business
on a stick. Back when got my first car manuals were popular. I always said i will not have a manual, auto or i wont drive. Also it has to have A/C and power windows, and that is what i got. A smokey Trans Am fully loaded, most people said that car needed a manual, nope it did not. I think i had to drive a friends beetle once and was a manual. I got where needed to go just buy seat of the pants of guess watching him. I thought what a horrible way to drive a car
I disagree about car warranty in this time of high cost buying car and repair ing them with advancement of car technology also cost of fixing them has gone up. In modern engine and transmission that could cost $10k or more.
Well, there is more to Unions than just wages. They have medical insurance for the members & you're paying into a pension plan which really helps when its time to retire. Without my union pension, I'd be homeless. JMO.
Honda merging with Nissan is such bad business that it has the odor of the Japanese government behind the scenes. Stellantis, GM and Ford will shrink. Acquisitions imply economy of scale as a result. The problem here is that no M&A will result in lower costs due to scale, i.e. M&A is the result of outside forces such as when Paulson kicked the banks into it in the recession.
Misconception of why unions are needed. This is why history knowledge is important. When companies do not have an incentive to have safety standards they will cut corners and people die with no accountability. Secondly, prior to unions there was no go to the next company to get paid to do the same job. They set the level as a group of companies. It wasn't until the unions especially in the car industry formed that a standard hourly liveable wage was formed.
Communities, more often that not, give massive tax breaks to companies that locate their manufacturing facilities in their community. Shouldn't the people who work in those plants (local taxpayers) have a voice in how they are run? Shouldn't the local elected officials have some say in how the company is impacting their community?
3:58 Many communities are built around the factory--there's no where else to work without moving. Often, moving to a big city with a much higher cost of living and your skillset not valued at all--a double whammy of worse quality of life.
The government's intervention in the automotive industry through bailouts, particularly in the case of GM, raises significant concerns about market distortion and economic inefficiency. While intended to preserve jobs and stabilize the economy, such actions may ultimately delay necessary restructuring and innovation. The bailout's long-term consequences include potential moral hazard, reduced competitiveness, and an $11.2 billion cost to taxpayers. Unions, while aiming to protect workers' rights, can inadvertently hinder productivity and profitability. They may reduce a company's ability to adapt to market changes, potentially leading to decreased investment in R&D and capital. However, it's worth noting that some studies suggest unions can increase productivity in certain sectors. The automotive industry's future remains uncertain, with legacy manufacturers facing significant challenges. Market forces, rather than government intervention, may be better suited to determine which companies survive and thrive in a rapidly evolving industry landscape. Ultimately, a balanced approach that considers both worker protections and market dynamics may be necessary to ensure long-term economic sustainability and fairness in the workplace
no more bailouts - they should of let gm go out of business. tired of my tax dollars going towards evs that don't work when it gets below 20 degrees outside. my gasoline car does not lose fuel when it sits in my driveway and i gets below 20 outside. evs will lose power just sitting out in the cold which is insane when you have to be at job day in day out.
The Government heavily regulates the Auto Industry so maybe they should bail out the auto makers when they make them make cars nobody wants. If the free market was truly free maybe bail outs and Unions wouldn't be needed.
Things are a lot worse than they seem in the auto industry. Legacy auto markers won't have a presence overseas, and Ford will pull out of Europe around 2027.
Recent advancements in photovoltaic technology have yielded remarkable progress, with laboratory prototypes of 1kW panels matching the dimensions of current 330W modules. Industry experts project their commercial availability within 2-4 years, potentially at a groundbreaking cost of $0.10/watt. Concurrently, battery technology is poised for a quantum leap, with projected energy densities reaching 1kW/kg by 2028. This synergy could revolutionize electric vehicles, enabling a modest onboard solar array to provide a 140-mile daily range under moderate insolation. Next-generation batteries are expected to offer a minimum 1,000-mile range, potentially eliminating the need for external charging infrastructure. These advancements, coupled with exponential progress in AI-driven research, suggest that within half a decade, self-powering, autonomous vehicles could become accessible at sub-$10,000 price points, marking a paradigm shift in transportation.
The majority of the jobs pay shit. The reason these union jobs paid well in the past was because of the unions. Everyone loves the market until it repeatedly kicks you in the nuts.
I think you both have simplistic views about big business and going out and just finding an employer you can be happy with if you're not satisfied with big businesses. Big Government, Big Businesses, and just you isn't a formulation that will works. Big Businesses and Big Government requires Big Unions for the individual that work there. You both live in a land of rainbows and unicorns and not in the real world. Salesmen and Business Owners will never need a Union my friend. You see the world as you are and not in the way the world is.
Just about EVERY well paid worker is a UNION worker. See the NFL, NBA, NHL, Pilots, Flight Attendants etc. Corporations in general, will continue to hoard their profits and PAY workers SQUAT without UNIONS fighting for a LIVING WAGE.
Yes 👍 you guys are absolutely correct, let the unions fail and move whatever decent paying jobs to China and Mexico then the rest of America will clearly benefit. Let’s see if that helps
They shouldn't get one penny of bail out money from the government.
There’s a reason the government does it that they won’t admit publicly. It’s for industrial capacity should the country find itself in a total war again.
Back in WW2 the government commandeered the auto industry and said you aren’t making civilian vehicles for the duration of the war and will make military vehicles and engines for tanks and planes.
It’s a lot easier to sell the idea of a bailout as being a jobs issue rather than a national security issue.
@Bonanzaking That still isn't an excuse to steal from tax payers to pay for corporation negligence. Plus if they do go bankrupt there's several other businesses waiting to buy out their rights and restart the brand.
@@thystaff742 actually it is from a defense industry point of view. Newsflash the likes of Lockheed Martin only builds military aircraft unlike say Boeing so your tax dollars are perpetually bailing out a company. The government isn’t going to exactly allow say Chinese brands like BYD to buy GM.
@@thystaff742 like what Amazon, Walmart ? Who is gonna build our navy ships , Tesla, ?
I agree, there should not be a penny of bailout money. Let the free market do as it will.
The thing thats coming is DISRUPTION of Fossil vehicles...
As volume goes down the prices will go up not down...
Was in the business for 22 years and all I can say is that they did this to themselves. During the pandemic dealers added crazy markups and manufacturers seeing the average transaction price was higher than the MSRP they jumped in to increase their profits and also raised the MSRP. This kept going on until they priced themselves out of the market. To top it off the unions joined the party and raised production costs. Now they are pinned!! It’s sad to see how poor foresight from top management buried the American auto industry.
well said. I had a car accident in April 2022 (during the pandemic). I have been a Honda customer for over 20 years. I was looking for a Honda Ridgeline. The ones they had were used and they wanted to sell them at new prices. Therefore, DO NOT bail out the automotive industry.
We just had three car sales facilities close in North Central Washington this week alone.
We have unions because the company would rather pay the ceo 39 million than pay the employees a living wage .. we live in a very divided nation
Absofreakinglutely
I have been driving manual cars since I’m 16 and now I’m 39. I still to this day daily drive a 2014 Chevy Cruze manual with 180k miles on it. It’s probably not even nice enough to sit on Brandon’s lot. But it’s a nice cheap reliable car to get to work for me. I bought the car used 7 years ago with 20k miles on it for 9k because they couldn’t sell it…. Hahahaha.
I have been driving manual vehicles since I was 16, and I am 69 now. I have had 5 manual vehicles, and currently have a 1996 Ford Ranger Splash 3.0l V6, 5 spd manual with 250,000km on it which I bought used in 2004, which Brandon would not even buy now. It is still running and in decent shape, and I have invested in maintaining it, and I just cannot get rid of it, knowing I may never find anything like it again, and because I still enjoy driving a manual.
I have kept all my manual vehicles until basically the end of their life, and I will with this one as well.
Brandon, you might want to consider redoing your goatee. It kind of looks like an obscene gesture. Maybe make the top wider. No bailouts.
End the costly government EV demands on the automotive industry
Why don't you go start your car in your garage with the door closed? Cause you're too smart for that; right?! You can sleep in your EV with the AC on or the heat on inside your garage with the door closed. Noticed any extreme weather events lately due to climate change; better ask those in Ashville...
@johnsee7269 We are still coming out of the last Ice age. BTW look at a lithium mine on Google maps and compare it to an oil well. There is no way you can convince me it is better for the environment. Would you like to discuss lithium fires or electricity production next?
@johnsee7269 Go sit in your EV in the middle of a snow storm and then call someone for electricity before you freeze to death. Goes both way.
No EV demands on Tesla.
Tesla sold 1.808 million EVs at a profit in 2023.
That's far more than twice as many EVs as Ford sold in gas F150s.
Tesla sold 1.789 million EVs at a profit in 2024.
U are free to purchase as many gas vehicles as U wish.
Purchase and invest in several gas vehicles and you'll have enough of them to last the rest of your life.
They don't need a bailout. If they would just sell their unsold cars dirt cheap, they'll recoup there loss fast! They shot themselves
in the foot by selling expensive S**t no one could afford.
They'll REDUCE their loss, not recoup it.
@@levenkay4468 Who knows.
3:07 In fairness, you employed, what, a couple dozen people? Little different when there's 100,000 jobs on the line and many communities rely on them as a workplace that keeps the town alive. A golf store could close in the Phoenix metro every day for a year and there'd probably still be some. Not saying that I support bailing them out, but it's less about ideology and more about the practical implications that the would do a lot of great harm to individuals and communities across our country likely alongside, as you note, a wider financial calamity.
What's real pathetic is Ford, GM and Dodge are 100+ year old and they should really be some of the richest companies on the planet. It's not like they are struggling startups. They should all be able to weather a recession with zero problems.
Warranties like insurance excell at deny, delay. Dont waste your money on extended Warranties.
You two crack me up ! [ make me laugh ]
Keep up the good work .
TOP CHAPS !
Hyundai and KIA basically sell 2 cycle cars if you consider the amount of oil they burn.
😂
Corporate greed rains supreme.
I usually trade my vehicles before warr runs out, but market crushed on my 22 Blazer so I'm stuck with it, had to use extended warranty for replacement of my Onstar module.
You have unions for the same reason we all HATE car dealers. because people CHEAT and LIE. And the people who do that the MOST are those that own big corporations. The "gilded age" was the age of the "robber baron": 19th-century American industrialists who used monopolistic and exploitative business practices to build their wealth. Carnegie. Rockefeller. Morgan.Vanderbilt.
SOCIETIES are founded on TRUST but in reality people become billionaires by STEALING. Sometimes that STEALING is completely LEGAL; Bran Thompson didn't break any laws but if you think he didn't KILL anybody, you are completely clueless.
In my youth, I learned to drive manual and had a ball. I have found that in my senior years, when the clutch leg develops arthritis, it is difficult to release the foot brake, let alone perform a simple shift. Enjoy the thrill while you are young.
Extended warranties cover everything, except what's wrong with your car....
I agree. I have never bought an extended warranty, but I know people that have. These people have not had major repairs covered because the insurer will find a way to get out of paying for it. In all fairness, the extended warranty has paid for less costly repairs, such as a windshield replacement, but big ticket items seem to not get paid, in many cases. There have even been dealership service department technicians that misdiagnose or even misrepresent the cause of a failure in order to void the warranty on the car. This data is entered into the manufacturer's national database and from that point on, no dealership will honor the warranty on that vehicle.
Give us a long term outlook to what you think the auto market’s will look like in 10 years. Who will still be around and how much will Vechicles cost.
The unions are the reason we have any benefits at all.
I tried to drive a stick shift that had a friend had. A year later had a salesperson i was looking to buying a Camaro with a v8 manual. He spent an hour with me.
Wasn't comfortable. Then a manager was trying to sell his daughters 1978 or so Camaro.
Body panels didnt match up, but when I took it out for a drive. When the cowl induction open up was amazing back in 1980s.
EVs gave more power but you don't hear the noise of a v-8 vehicle.
I worked in management at an electronics repair company. After all the shady things I witnessed i joined a union. I can't just quit and find another job paying me $38 per hour plus full dental, health and vision. I have a degree in electronics and I build trucks instead.
The problem with bailouts is the level of Federal debt and the budget impact of interest expenses.
I wonder what is more expensive? Going to the emergency room to have a broken leg set or a car dealer for a new transmission?
Depends on the transmission and car.
Depends on hospital, and doctor, if he’s not in network your gonna pay
I got an extended warranty on a 2018 Lincoln, 8 year, 160,000 km.
2.0 Ecoboost died at 118,000, would have been $15,000 out of pocket.
When you look at the crazy costs of replacing the electronics in cars today especially those hybrid models then it's your choice.
@19:00 Love this part of the conversation. Manual has become the new age anti theft device 😂😂 I have to keep a spare vehicles as a straight drive. Nothing like rowing through gears on the highway
I recently inquired about an extended warranty for my 5 year old Explorer ST through Ford. 60 months was $5700 plus $250 deductible per, which doing math is closer to $7000. Told the rep I would need to be on mushrooms to spend that. Ridiculous. I could put 7K in a 5% yielding account and earn $500-$800 even taking out $1000 a year for repairs. Chances are I don't even use half of that anyway. Total racket.
No more bail outs! We are tired of this crap. Citizens shouldn’t have to prop up the car companies. Same goes for the banks. If we have some banks and car companies go Bankrupt then it will be a lot better outcome than bailing these bad managers & scammers out. They are losers so take your medicine!
Banks pay into a fund for the FDIC to make sure that the bank's depositors get back up to $250,000 for each account.
The FDIC insures up to $250,000 per depositor, per institution and per ownership category.
FDIC insurance covers deposit accounts and other official items such as cashier’s checks and money orders.
Banks pay into this fund to protect its depositors. Automotive manufacturers only pay their preferred stock shareholders and the executive management.
@ Tommy, the silicone Valley Bank debacle was that our government bailed the bank out for depositors that had millions over the 250k FDIC insurance limit. The bank knew they were in trouble but handed out large increases in pay. The Bank President received a $39 million dollar paycheck. I heard or read that there were government officials that had millions invested in this bank which may be fuel that drove it to a bail out.
@@tommyhawks856. tRump wants to do away with the FDIC, so if the banks go, so does your money
2:14 Thank you!
People sometimes have worked at their location for 10 maybe 20 years. They have settled with their families etc(children go to school there and wife/husband works in the city.)
They have shown loyalty to their work.
They cant just up and leave like its a day at the market.
Its sad when owners cant even recognize their own employees. But the first reply is ALWAYS "THIS IS AMERICA, THANK YOU FOR MAKING ME RICH NOW YOU CAN GO GET ANOTHER JOB"
Amen, Ray. Government bailouts only perpetuate the least competitive, worst companies.
the problem is their are no other jobs or companies to transfer your skills to.. they have all been bought out...
Car manufacturers, would probably follow cell phone companies. Direct stores from cell phone companies vs authorized retailers. Car manufacturers would have direct stores vs stealerships.
The thing about manufacturing and unions in the rust belt was in many small and medium sized towns 40,50 years ago there was only one plant that employed the majority of men to support the economy locally so there was no alternative if you didn’t like the job or agree with the union
Happy New Year!!!!
I agree with Brandon. Every year the teachers strike in our area if they are not happy with their jobs they should get jobs they are happy with.
Teachers have multi-year contracts
@@preeyakumari-i2q We have several districts in the Seattle metro area at least one seems to be on strike every year
Then the quality of education plummets and we get people who are poorly educated running the country and posting online.
Drop the prices on the vehicles being sold and stop taking advantage of the customers the government shouldn’t bail out none of these dealerships. We need a price correction…..🦋🦋🦋
I’ll stick with my 2003 Acura CL S type coupe with the SIX speed manual!!!!!!!
Ray and Brandon are right. No bailouts. If the gov't wants to help auto makers, states can have sales tax holidays to spur demand.
Sales tax? That will help some but again, that is someone else taking g into the chin and letting them have their profits on these ridiculous prices. You raise prices by 40% and then take 2k off, cmon any new car right now is not a fair deal. Period.
"Go work somewhere else" that's bullshit Brandon. There's not that many jobs out there. Unions are the only thing out there looking out for workers these days. If I have a choice between unionizing or going to work at Taco Bell, I'm going to unionize.
Brandon, you're way WRONG about Unions. Unions as a group, help get (merit increases) Raises for EVERYONE in the USA. When a Union like the UAW (reportedly 25%) gets an increase for its workers, Management, in turn gets an increase and Non-Union Companies follow Suit. You see, once the UAW got raises, Toyota as an example gave its Facility raises as well (reportedly only 11%). That IS How it works.
Best 'car commentary' you've ever done as I agree 💯% with your opinions! The UAW almost completely destroyed Detroit and they're (via Shawn Fain) working on destroying what's left now; very, very sad...
The only reason there is a union is very bad management. I worked at a union facility and if it wasn't there the management would have taken over. The nurses went on strike and it cost the hospital millions because management thought they could break them down and it didn't work. All management personnel were fired after. Also, it is so difficult to find a job. I applied for a job and the person on the other end wanted to do the interview through text. Asked for an appointment and never heard from that person again. Sent a resume to the HR manager for the facility and never heard from that person either. I spoke with a young man who sent out 35 resumes and only got one call back. You can't just go out and get a job with a company that satisfies your needs. It is a different era.
Extended warrantee situation - Chevy 2500 HD with a diesel. 5000 miles after the normal warrrantee expires, a number of injectors crap out. Goodbye $4000! I know of this happening many times on Fords and GMs.
question.. if your current employer not paying you well enough, where are you supposed to get the savings from that would float you through while you are looking for another job?
My wife and I always get the extended warranty for the fact we average 250k miles in 5 years.
Don't forget to push the clutch in when using the brakes 🤣
Ray, that's the problem with today's society.. like your hat if it looks a little used they throw it away. A sweat line on your cap shows your honest and hard working. Didn't your mama tell you to use it up!!
I taught my now wife to drive a manual transmission in an AMC Gremlin in 1976. Best I remember it was a three speed. She can still hammer gears with the best of them today.
Had a 75 X, 258, 3 Speed, loved that car
@@preeyakumari-i2q That 258 didn't get enough credit!
Your anti-union comments are telling.
Exploitation is real. "Go work somewhere else" sounds just Rockerfeller. Sad
There’s no other place that has better pay or benefits! You have to fight these evil corporations! Try working in a factory! They would pay 7.25/hr if they could and work 7 days a week!
PO=Purchase Order os also a trigger for dealerships.
The dealers know there's a bailout in the works. Hence, the 100% mark ups.
An Extended Warranty is really a wager, you bet you will have to use it and the warranty company bets you wont. They have the upper hand because they can deny your claims, and that throws the whole thing out the window. I would research this extremely well before buying it, because I don't want them to have the control of denial ability, unless they are a reputable company..
Malls are an excellent example of the direction of retail sales. Hello Amazon.
Done!...................................again!
sitting in traffic for 2 hours in california dashed my dreams of every owning a manual in this state. i am not doing that....
Always buy an extended warranty at the END of your manufactured warranty. I always look at consumer reports when buying extended warranty to make my judgment of buying one. Ive always bought one after doing research and its always oaid off and ive been money ahead.
Did Brandon say there will be murders that happen?
I love you guys and I always watch I disagree with the statement though. Although you could work somewhere else there's not a lot of jobs out here for people who might only have a high school degree so they're trying to work to make a basic living way I understand to some point they're making more than a living wage but that is why people just can't up and work somewhere else cuz it's not like anywhere else is much better due to everybody having a mindset of capitalism people do not want to pay you and everybody is not cut out to run a business
The life is made of base, of winner, and Looser
Interpretation, please.
No bailouts!
4:07. so they can afford your $5000 car. Unions ensure trickle down
on a stick. Back when got my first car manuals were popular.
I always said i will not have a manual, auto or i wont drive.
Also it has to have A/C and power windows, and that is what
i got. A smokey Trans Am fully loaded, most people said that
car needed a manual, nope it did not. I think i had to drive a
friends beetle once and was a manual. I got where needed to
go just buy seat of the pants of guess watching him. I thought
what a horrible way to drive a car
GM already filed bankruptcy in 2009 (and they took a Government bailout)---sad
I disagree about car warranty in this time of high cost buying car and repair ing them with advancement of car technology also cost of fixing them has gone up. In modern engine and transmission that could cost $10k or more.
... Brandon re: unions? Don't UAW workers earn the equivalent of something like $125 an hour?
You know what stopping you, monopolies that control wages and prices
No bail out. Already had one. No way!
Caredge should buy them out
Well, there is more to Unions than just wages. They have medical insurance for the members & you're paying into a pension plan which really helps when its time to retire. Without my union pension, I'd be homeless. JMO.
Why would you be homeless?
Honda merging with Nissan is such bad business that it has the odor of the Japanese government behind the scenes. Stellantis, GM and Ford will shrink. Acquisitions imply economy of scale as a result. The problem here is that no M&A will result in lower costs due to scale, i.e. M&A is the result of outside forces such as when Paulson kicked the banks into it in the recession.
I thank the Gov will are thay to big to fail?
I agree with Brandon on unions striking, just go get another job. One problem, no one will hire a former union worker.
Misconception of why unions are needed. This is why history knowledge is important. When companies do not have an incentive to have safety standards they will cut corners and people die with no accountability. Secondly, prior to unions there was no go to the next company to get paid to do the same job. They set the level as a group of companies. It wasn't until the unions especially in the car industry formed that a standard hourly liveable wage was formed.
Communities, more often that not, give massive tax breaks to companies that locate their manufacturing facilities in their community. Shouldn't the people who work in those plants (local taxpayers) have a voice in how they are run? Shouldn't the local elected officials have some say in how the company is impacting their community?
3:58 Many communities are built around the factory--there's no where else to work without moving. Often, moving to a big city with a much higher cost of living and your skillset not valued at all--a double whammy of worse quality of life.
Bad management causes unions and unions perpetuate ban management. The auto industry has been badly managed for decades.
That’s a very hard question you pose. A much easier question would be who will be left standing. my money is on the Toyota and HONDA.
Every time I hear people crying about Unions they basically never bothered to read history.
The government's intervention in the automotive industry through bailouts, particularly in the case of GM, raises significant concerns about market distortion and economic inefficiency. While intended to preserve jobs and stabilize the economy, such actions may ultimately delay necessary restructuring and innovation. The bailout's long-term consequences include potential moral hazard, reduced competitiveness, and an $11.2 billion cost to taxpayers. Unions, while aiming to protect workers' rights, can inadvertently hinder productivity and profitability. They may reduce a company's ability to adapt to market changes, potentially leading to decreased investment in R&D and capital. However, it's worth noting that some studies suggest unions can increase productivity in certain sectors. The automotive industry's future remains uncertain, with legacy manufacturers facing significant challenges. Market forces, rather than government intervention, may be better suited to determine which companies survive and thrive in a rapidly evolving industry landscape. Ultimately, a balanced approach that considers both worker protections and market dynamics may be necessary to ensure long-term economic sustainability and fairness in the workplace
no more bailouts - they should of let gm go out of business. tired of my tax dollars going towards evs that don't work when it gets below 20 degrees outside. my gasoline car does not lose fuel when it sits in my driveway and i gets below 20 outside. evs will lose power just sitting out in the cold which is insane when you have to be at job day in day out.
The Government heavily regulates the Auto Industry so maybe they should bail out the auto makers when they make them make cars nobody wants. If the free market was truly free maybe bail outs and Unions wouldn't be needed.
Why do you think it’s regulated, do you think they’ed make safe, less polluting cars on there own ?
I'm thinking neither of you have ever worked for a "major" corporation.
Extended warranties are just a transfer of wealth from your pocket to the one who is offering the warranty. DON'T Buy into it
Where is Sonny boy?
Things are a lot worse than they seem in the auto industry. Legacy auto markers won't have a presence overseas, and Ford will pull out of Europe around 2027.
But...these car manufacturers are TOO BIG to fail...and then goes the TOO BIG to fail financial institutions...etc.
Taxpayers bailed out the banks and they in turn sold the mortgages to Black…and others resulting in our current housing shortage.
What in hell are talking about ?
Recent advancements in photovoltaic technology have yielded remarkable progress, with laboratory prototypes of 1kW panels matching the dimensions of current 330W modules. Industry experts project their commercial availability within 2-4 years, potentially at a groundbreaking cost of $0.10/watt. Concurrently, battery technology is poised for a quantum leap, with projected energy densities reaching 1kW/kg by 2028. This synergy could revolutionize electric vehicles, enabling a modest onboard solar array to provide a 140-mile daily range under moderate insolation. Next-generation batteries are expected to offer a minimum 1,000-mile range, potentially eliminating the need for external charging infrastructure. These advancements, coupled with exponential progress in AI-driven research, suggest that within half a decade, self-powering, autonomous vehicles could become accessible at sub-$10,000 price points, marking a paradigm shift in transportation.
No bailout and the govt should stop giving EV companies and wind farm companies grants and forgivable loans!
President Trump ends all that on day one
The majority of the jobs pay shit. The reason these union jobs paid well in the past was because of the unions. Everyone loves the market until it repeatedly kicks you in the nuts.
I think you both have simplistic views about big business and going out and just finding an employer you can be happy with if you're not satisfied with big businesses. Big Government, Big Businesses, and just you isn't a formulation that will works. Big Businesses and Big Government requires Big Unions for the individual that work there. You both live in a land of rainbows and unicorns and not in the real world. Salesmen and Business Owners will never need a Union my friend. You see the world as you are and not in the way the world is.
Just about EVERY well paid worker is a UNION worker. See the NFL, NBA, NHL, Pilots, Flight Attendants etc. Corporations in general, will continue to hoard their profits and PAY workers SQUAT without UNIONS fighting for a LIVING WAGE.
3 one the tree I miss them
Quite a few mechanics now don't know how to drive a stick, never mind the general public.
Why should taxpayers be financing the AUTOWORKERS UNION?
Spot on!
The union spends 500 million on every election
Yes 👍 you guys are absolutely correct, let the unions fail and move whatever decent paying jobs to China and Mexico then the rest of America will clearly benefit. Let’s see if that helps
@Fastapproaching Unions shouldn't be involved in the political system.
@@thystaff742 Unions should not participate in the political system, but corporations can? Tell me the logic behind that.