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2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
But, same changes to the 401(k) plan, same elimination of the WFH program. Lots of voluntary separations, but they started having massive layoffs as well. I was in the first wave of those at the beginning of 2016. There are a couple of lawsuits accusing IBM of age discrimination; we will see how those turn out.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
2018 430i Gran Coupe
Maybe that’s the next commercial.
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
Enterprise has a few. Nobody is much impressed. Now The Q50 3.0L turbo....that’s popular.
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
https://www.autonews.com/manufacturing/tesla-cut-work-force-7-musk-expects-tiny-q4-profit
Interestingly, the stock price is down about the same percentage in early trading.
2017 Cadillac ATS Performance Premium 3.6
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
When I pointed it out even my wife could clearly see it.
2025 Ram 1500 Laramie 4x4 / 2023 Mercedes EQE 350 4Matic / 2022 Icon I6L Golf Cart
YMMV
GM seems to be able to knock out the big stuff fairly well (engines, transmissions). It’s the other stuff that causes them to trip over their own feet.
Generally speaking, the big behemoths are steeped in decades of processes and procedures that stymie worker productivity. Plus, their “bigness” seems to blind them to anything other than controlling the hugeness of their existence.
Startups might not pay as much, but you have a lot more freedom to do the job as you see fit, as there is no big behemoth rules to tell you that you can’t. At least in my case, I also got a piece of the couple of companies who were startups. One, we went public and I cashed in. The other, we flamed and burned. I think the one thing I got from the startup who flamed out was a really nice Aeron Chair, which I still have.
Probably going to work for my current company for another 10 years or so, and call it a career. There are two BIG chip companies out there. There’s the big one everyone knows about. Then there’s the 2nd one, while still large, is the 2nd chip maker you may, or may not have heard of....kind of like Avis in the car rental field.
BTW, I just looked into Honeywell balance sheet and and it shook me. While their current position is strong (good cash on the balance sheet), the overall stockholder equity is less than their intangibles. Means, company's obligations exceed anything tangible (property, equipment, cash), they can put forward. They usually call it "efficient capital structure", I call it dancing on a a ledge. The problem is almost all industrial companies have similar balance sheets. It's usually nothing to worry about as long as real cash flows are solid and cover all expenses and more, but in periods of reduced confidence they can really cripple a company. Honeywell does not look like it's in immediate trouble now, but if, as you say, the underlying "human" fundamentals are less than solid and they end up with an inferior product one day, it can all end in tears. I'm seriously thinking to reduce my exposure. But where else to put it, if everybody else is running their businesses same way?
2018 430i Gran Coupe
2018 430i Gran Coupe
http://gmauthority.com/blog/2019/01/truth-stretching-chevrolet-reliability-ad-will-no-longer-air/
2018 430i Gran Coupe
2018 430i Gran Coupe
'24 Chevy Blazer EV 2LT
That was the norm in American business for decades. While this model was widely accepted a competing Social Justice model emerged. It posits that profit maximization should NOT be a company's sole focus but rather, a company has a compelling responsibility not only to its shareholders but also to the environment and people. This is popularly known as the triple bottom line or the three P's (People, Profit and Planet.) Based upon this model it appears that management has conflicting objectives. The result of implementing the triple P model is mixed at best; disappointing or disastrous sales and profits in the near term that lead to uncertainty in the future. Instead of managing growth and profitability management's focus is shifted to a survival mode: layoffs, sell divisions or non-core technology and the preservation of their jobs and bonuses. In the end, it is probably Creative Destruction at work---the introduction of new technologies making existing workers and processes redundant.
GG, you mentioned Data General as one of the companies where you worked. For those not familiar with Data General, read Tracy Kidder's book, The Soul of a Machine,. It's a nice read. If you like Tracy Kidder you may also enjoy Mountains Beyond Mountains, another great book.
While I was reading that article this ad came up;
New Buick Dealer in Bradenton - New Buicks Lifetime
Warranty
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
Maybe the Chrysler ads should say, "Since most of the parts on your car will be replaced many times with brand new parts....our cars last longer"
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
2018 430i Gran Coupe
In reality, nobody's really making much money (if any) in the EV market vis a vis the amounts invested.
On top of that, sales of cars in China are decreasing all across the board.
2021 VW Arteon SEL 4-motion, 2018 VW Passat SE w/tech, 2016 Audi Q5 Premium Plus w/tech
Perhaps part of the workforce reduction is a result of additional automation.... perhaps it is more a result of considering the new reality of being ineligible for tax credits in 2019. They have to realize that this is going to have a massive impact on their bottom line (and product demand if Tesla does not lower prices), since many customers simply will be unwilling to buy the vehicles at the prices they considered reasonable before.
2017 Cadillac ATS Performance Premium 3.6
I just hope it is the solution to the problem because if it isn’t they will have to bring in the zone techs to diagnose it. I think it’s the fact that these roofs now open up and over the rear of the top of the car requiring a lot more mechanical maneuvering. Who knows - but they have to keep the car indoors because they have the glass removed.
2024 Genesis G90 Super-Charger
2018 430i Gran Coupe
2025 Ram 1500 Laramie 4x4 / 2023 Mercedes EQE 350 4Matic / 2022 Icon I6L Golf Cart
2018 430i Gran Coupe
They should post your picture at all the dealerships......don't sell a car to this guy.
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
We have hundreds of folks who join the forums, usually to ask questions about leasing. I had over 3000 posts in December, and probably 95% of them (or more) were to answer questions about money factors, residuals and incentives.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
Now that it’s cooler, I shop at Walmart so my frozen items don’t defrost by the time I get home. What amazes me is the difference in food costs between Publix, Costco and Walmart. My usual costs are $150.00 every 2 weeks at Publix compared to $100 at Walmart. That is significant! Here are some examples - Publix vs. Walmart:
Dole Pineapple Chunks in a can. $1.89. $1.33
Folgers Coffee 3 lb container. $12.99. $9.90
2 lbs brick of sharp cheddar. $8.99. $6.99
1 gallon of whole milk. $3.79. $2.89
1 lb margarine. $1.29. $.83
Weight Watchers Smart Ones $2.49. $1.67
Bananas. $.69 a pound. $.43 a pound
I don’t buy meats or chicken at Walmart - just packaged and canned goods. But if I am saving 30% each time I go shopping, that’s quite a bit.
2024 Genesis G90 Super-Charger
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
Something may have changed because I was booted out and had to log in again yesterday.
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible