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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsFor thousands of U.S. auto workers, downturn is already here
Thu Jun 22, 2017 | 6:54am EDT
By Nick Carey | LORDSTOWN, OHIO
Wall Street is fretting that the U.S. auto industry is heading for a downturn, but for thousands of workers at General Motors Co factories in the United States, the hard times are already here.
Matt Streb, 36, was one of 1,200 workers laid off on Jan. 20 - inauguration day for Republican U.S. President Donald Trump - when GM canceled the third shift at its Lordstown small-car factory here. Sales of the Chevrolet Cruze sedan, the only vehicle the plant makes, have nosedived as U.S. consumers switch to SUVs and pickup trucks.
Streb is looking for another job, but employers are wary because they assume he will quit whenever GM calls him back. "I get it," said Streb, who has a degree in communications, "but it's frustrating."
Layoffs at Lordstown and other auto plants point to a broader challenge for the economy in Midwestern manufacturing states and for the Trump administration.
more
https://www.reuters.com/article/us-autos-workers-analysis-idUSKBN19C2R2
Wounded Bear
(58,708 posts)except in how he "promised" to bring back the jobs. People who believed him and voted for him will be disappointed, and they dragged the rest of us down with them.
DonViejo
(60,536 posts)< "This is about economics, not what Trump says," said Robert Morales, president of United Auto Workers (UAW) union Local 1714, which represents workers at GM's stamping plant at Lordstown. "Even if Trump went out and bought 10,000 Cruzes a month, he wouldn't get the third shift back here." >
Demsrule86
(68,667 posts)Ohio, Michigan, Indiana etc. Ford and Chrysler workers are laid off as well...we are the canary in the coal mine in terms of the economy...we always are the first to go down and the first to recover...hubs worked in autos for 30 years...right out of college...we have seen this movie before. And I fear for our country with someone like Trump and the GOP in charge. I posted this some time ago. And for those of you who buy foreign...you shouldn't ...you literally take bread from the mouths of American workers.
Demsrule86
(68,667 posts)economy and country and has surrounded himself with mental midgets.
Wounded Bear
(58,708 posts)Last edited Thu Jun 22, 2017, 03:48 PM - Edit history (1)
as for the Trump downturn, I expect it, though it hasn't happened just yet. The market is hanging on by a thread, but there is no economy behind it.
And yes, our fellow citizens sold us all down the river for a cute red hat.
Demsrule86
(68,667 posts)Demsrule86
(68,667 posts)Well we have weather many such things but with an blithering idiot in the white house....I don't know.
Wounded Bear
(58,708 posts)have to keep fighting.
TheBlackAdder
(28,211 posts)HughBeaumont
(24,461 posts). . . of massively indebting and underpaying an entire generation out of their ability to purchase large ticket items.
Buying a new car every 3-4 years is only for wealthy people. And they're in dwindling supply in Re-branded Feudalist America . . . .
Calculating
(2,957 posts)Buying new cars is for people with quality high paying jobs (who also aren't paying off 6 figure student loans). Right now all the young people I know are either working shit jobs and could never afford a new car, or they're in massive student loan debt. Also, buying a new car makes zero economic sense even if you can afford it. Why drop tens of thousands on something that will lose 20+% of the value after the first year of use?
HughBeaumont
(24,461 posts)This year, I bought a new car for the first time in 19 years. That was only because the old 2003 Corolla, which we put 273,000 miles on, was in such bad shape we practically had to TOW it into the lot. Between the 1997 Cavalier (263,000) and the Corolla, we put half a million miles and saved a ton of money in the process (until 2 years ago, where we were making the equivalent of 3-5 car payments a year just to keep the Corolla running) .
With regular changes and an on-board electronics system/OnStar letting me know what needs maintained, I think this American-built Cruze will last quite a while. And if it's still going when my kid needs a vehicle for whatever reason, why not?
Cars also last longer now - not even the bodies rust as badly as they used to. Even used cars can go a while under the right circumstances.
ismnotwasm
(42,011 posts)And probably never will. We just got a 2016 from a retired rental car agency. It's new enough. Cheap enough. Car payments are low enough. What we did for years was buy a $500.00 car, invest about a thousand in brakes and tires and whatnot--and drive it until it broke.
I didn't bother with actual car payments until about ten years ago. I've paid one off. Hubby got in a car accident, well, he got rear-ended-- with the next one and we are hoping to get it totaled--and this is the third.
Rocket_Scientist65
(30 posts)There must be an awful lot of rich people to buy 17.55 million cars. No, buying a new car is not just for rich people. No offence but I hate this kind useless rhetoric. Plenty of ordinary Americans are buying new cars. The expected downturn is due to a lot of factors including a lot a used and off-lease vehicles soon to hit or already being dumped on the market.
http://www.latimes.com/business/autos/la-fi-hy-auto-sales-20170104-story.html
HughBeaumont
(24,461 posts)http://usa.streetsblog.org/2016/04/25/are-millennials-racing-to-buy-cars-again-nope/
https://www.theatlantic.com/magazine/archive/2012/09/the-cheapest-generation/309060/
Goes the same for homes.
"Useless rhetoric" - yes, let's keep cheering Re-branded Feudalism until we're a two-tiered society that can't improve itself because we can't afford to. Let's keep thinking individual solutions are going to solve long-standing and cemented structural problems.
leftyladyfrommo
(18,870 posts)employees. They made Malibus and demand is down.
Demsrule86
(68,667 posts)Demsrule86
(68,667 posts)of all kinds so...we are already seeing layoffs in related jobs.