GM cutting salaried workers, production, dividend

General Motors Corp. plans to lay off salaried workers, cut truck production, suspend its dividend and borrow $2 billion to $3 billion as it adjusts to a declining U.S. market.

[West Michigan Comment]

checking comments

[Ralph Nelson]

Don't understand why the Long Term Care coverage was cancelled. We have been paying the monthly premium for years....all for nothing. What about those who my currently be receiving care under the coverage??

[roger b smith]

As a GM shareholder I have seen my shares increase in value by almost 25% in the past week. For that I s/b glad. I do feel for those who have worked hard for the firm,however, & through no or little fault of their own will be w/o gainful employment. I also feel bad for our state as these people were earning a good wage & paying hefty taxes as a result. Will they leave MI? Will they find a comparable job? Maybe the chance to start his/her own firm? One can only hope that to be the case. Rick W. is the one who should go. Him & those who put all their eggs into large, conventionally powered SUVS for being short sighted & clueless as to the potential of changing market conditions. And having the gaul to take astronomical salaries whilst doing so:(

[bmharki]

Watch " Who Killed The Electric Car "
and you can see how GM is and the Auto Industry
is Run by the Government and Big OIL.

[John Forbus]

When a Pyramid Becomes an Obelisk may be the new Michael Moore documentary!

[willie c durant]

bmharki wrote:

Watch " Who Killed The Electric Car "
and you can see how GM is and the Auto Industry
is Run by the Government and Big OIL.

I would have agreed w you up until 73. Japanese became a power to be reckoned w @ that time. Now Koreans certainly have changed the rules. Wait till China & India start sending us cars. GM is a ghost of what it was. Entire Big 3 are mere shells of what they used to be. Oil cos., however, are way too powerful & are brakes on needed change. Did see vid. Did like it. Was mad @ GM. Still don't like Waggoner. Own the stock.