GM Drops A Letter To Employees And Dealers Asking Congress Financial Help
Dear Employee,
Next week, Congress and the current Administration will determine whether to provide immediate support to the domestic auto industry to help it through one of the most difficult economic times in our nation’s history. Your elected officials must hear from all of us now on why this support is critical to our continuing the progress we began prior to the global financial crisis.
As you know, we have taken the tough, necessary actions over the last few years to strengthen our competitive position. With our UAW partners we have reshaped our business and will have reduced our structural costs by more than $13 billion by 2010 and have closed the quality and efficiency gaps with our competitors. We also are building products that have received great customer acceptance and acclaim, as we have seen with the Chevy Malibu, Cadillac CTS and our family of crossovers. And, there’s more to come with the Chevy Volt which will position GM as a global technology leader as well as more hybrids and fuel efficient passenger cars like the Chevy Cruze.
The consequences, however, of a portion of the domestic auto industry collapsing extend far beyond GM’s ability to continue its transformation. One in 10 American jobs depend on our industry, as well as the health of communities, dealers and suppliers in all 50 states. As you know, nearly 3 million employees, retirees, and their families also depend on us for their pensions and health care. Because of our economic contribution, the cost of allowing this industry to fail would be catastrophic: 3 million jobs lost within the first year; U.S. personal income reduced by $150.7 billion; a government tax loss over three years of more than $156 billion.
This level of economic devastation far exceeds the $25 billion of government support that our industry needs to bridge this current period. Today, I want you to take the time to contact your members of Congress to ask them to support America’s domestic auto industry. Please call the following number to be connected with your legislators 1-866-927-2233. Directions and key messages are in the attached document to assist you with the calls. Also attached is a fact sheet that includes the economic figures cited above.
Additionally, you can visit www.gmfactsandfiction.com <http://www.gmfactsandfiction.com> to obtain further information on the auto industry and GM. Support for the domestic auto industry will contribute to a stronger economy, save millions of jobs, and establish U.S. manufacturing and technology leadership in the global marketplace. As an employee, you have a lot at stake and continue to be one of our most effective and passionate voices. I know GM can count on you to have your voice heard.
Thank you for your urgent action and ongoing support.
Troy Clarke
President
GM North America
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I own a small business in Byron, Ga., and have a relatively small debt that I cannot pay; we are just barely breaking even and it is not due to any mismanagement like the auto Big Three
It is due to our clints not being able to pay us. I would like a small bailout; $90,000 bailout to me would be like the $25 billion to the automakers. I believe that small businesses are just as important to the national economy as large businesses. There should be some legitimate way for us to get help. To whom do I appeal? I have very little sympathy for the labor unions. They served a good purpose
when first established by Samuel Gompers, but today they have become a symbol of what is wrong with America. We need a good old fashioned Holy Ghost revival in America that will
cause us to return to the America where we all looked out for one another, decried unethical practices and honored the real work ethic.
TRACY McCOLLISTER, Warner Robins, GA
i pretty much agree with what tracy says in the above post.
if the government does bail out the big 3 auto makers whats stopping them from making good on the loans.