UAW Demands Assistance

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Posted: 6:26 PM Nov 30, 2008
Last Updated: 6:26 PM Nov 30, 2008

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The head of the United Auto Workers says the United States cannot let one of "the big three" collapse.

Ron Gettelfinger went on CNN's Late Edition today to tell Congress and the country why it's so important for the government to rescue the auto industry.

Gettelfinger says the nation cannot afford to see these major companies fail.

"This is not a bailout, this is a loan -- bridge loan that will get us through until we can take a longer term look at exactly what needs to be done in the industry."

Car makers want 25-billion dollars from Uncle Sam.

Chrysler, Ford, and General Motors will submit plans to Congress Tuesday on how they would use the money.

Members of Congress remain deeply divided on the aid.

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Posted by: JAMES Location: GLASGOW on Dec 1, 2008 at 03:09 AM
The big three shouldn't be bailed out, they are a business with over priced labor and management. They need to cut the fat just like any other company that wants to stay in business. They saw this coming for a long time, the union wants higher wages and more benefits. They out source to Japan and other countries because of the labor, yet the Japanese are in the USA making a profit and quality merchandise. What's wrong with this picture?

Posted by: Joe Kool Location: Sahara on Nov 30, 2008 at 08:32 PM
Detroit is a small part of the US auto business. Sales are down. Inventories are up. Detroit won't be missed while they are in bankruptcy court reorganizing to cut wages and benefits under contract with UAW. Detroit does not build quality cars. When they do the business will return over a twenty year period of trust building. Until then GM must learn to live on fifty percent of their previous revenue. If Detroit continues to build the shoddy products they have built since the sixties then their market share will continue to decline from the 95% market share they held in the sixties beyond the 47% market share they hold today. American car buyers are not fooled by Detroit advertising. Americans are buying foreign cars because they are built with pride and designed to last. That is the American way even if it is not the Detroit way.

Posted by: crystal Location: louisville ky on Nov 30, 2008 at 06:46 PM
Of course he wants the bailout, otherwise his high paying salary is gone as well! Before any bailout is given, the union contracts (affecting both past and present agreeements made) must be void and everything put on the table for renegotiation. As a taxpayer, I refuse to pay for people like Gettlefinger and his predecesors to live more luxuriously on high paying pensions, and better benefits than what I receive at my job when they are asking me (and those like me) to foot the bill.

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