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 Post subject: GM Building World Largest Assembly Plant In Gary
PostPosted: Fri Jun 04, 2010 3:38 pm 
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There is a rumor going around that United States Steel and GM are Planning on Building the worlds largest car assembly plant in the world in Gary , Indiana.

GM purchase all it coils from United States Steel Gary and said if they get rid of the cost of shipping it would put the company in the green again.

The Plant would be located inside of U.S. Steel where the old Merchant mill use to be it will be state of the art robotic stamping and assembly plant.

The CN purchasing the EJ&E was all part of the strategy which will be building a new 300 million dollar yard to handle the movement of the finished automobiles.

There is some talk of them waiting until the tax caps are locked in and there has been secret meeting with governor Daniels.

It's also rumored once the tax caps are put in that many of the suppliers will return because GM has told them to cut price and that means get closer to them and cut the cost of shipping or else!

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 Post subject: Re: GM Building World Largest Assembly Plant In Gary
PostPosted: Fri Jun 04, 2010 3:44 pm 
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All those companies that need steel and moved and want to survive in a competitive global market are seeing the light.
Image

Don't worry you will not be getting a job!

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 Post subject: Re: GM Building World Largest Assembly Plant In Gary
PostPosted: Fri Jun 04, 2010 8:32 pm 
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http://www.facebook.com/home.php?ref=ho ... 412?ref=ts

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 Post subject: Re: GM Building World Largest Assembly Plant In Gary
PostPosted: Sat Jun 05, 2010 9:48 am 
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Quote:
G.M.’s Gift of a Luxury Car Stuns a Few
New York Times, by Nick Bunkley


DETROIT — A free sports car for a Detroit Tigers baseball player was not among the reasons the government saved General Motors from financial collapse. Nor was a year’s supply of diapers and other gifts for a Minnesota woman who gave birth behind the wheel of a Chevrolet Cobalt.


General Motors has given away both in recent weeks — marketing ploys that would have barely raised an eyebrow in the past. But now that American taxpayers collectively own a majority of the carmaker, executives are learning that there are more than 300 million potential second-guessers out there.

“Until G.M. has repaid the taxpayers in full for the money they have borrowed, every action that G.M. takes should advance them in that direction,” said Kurt Bardella, a spokesman for Representative Darrell Issa, a Republican of California who is a visible G.M. second-guesser.

Last month, Mr. Issa was among a multitude of critics who took issue with another G.M. marketing effort — the running of self-congratulatory advertisements about having repaid a government loan. (Taxpayers still own $2.1 billion in preferred stock of G.M. and 61 percent of its common equity.)

So how did the Detroit pitcher, Armando Galarraga, end up with a free Chevrolet Corvette on Thursday?

After an umpire’s mistake destroyed Mr. Galarraga’s perfect game on Wednesday, a G.M. employee proposed that the company give the Tigers pitcher a car.

Within hours, G.M. executives agreed, and Mr. Galarraga received the sparkling cherry-red convertible on the Comerica Park field, courtesy of the automaker whose headquarters dominate the skyline over right field.


http://www.nytimes.com/2010/06/05/busin ... vette.html


spending other peoples money...what democrats do best.

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 Post subject: Re: GM Building World Largest Assembly Plant In Gary
PostPosted: Sat Jun 05, 2010 10:13 am 
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Good point the more they should hunker down and cut cost. If it means moving back to the region and manufacturing it cars inside of the boundaries of Gary where there steel is made totally eliminating shipping cost.

There corporate Headquarters should be in South Lake County and there corporate jet should be in Gary!

I think it would cut cost considerably with the union concessions.

List of GM Plants scattered around the world. The shipping is to costly and there lies the problem
the Midwest is where they started and it should build it's new offices.

List of scattered assembly plants. http://en.wikipedia.org/wiki/List_of_GM_factories

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Last edited by Geronimo on Sat Jun 05, 2010 10:29 am, edited 2 times in total.

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 Post subject: Re: GM Building World Largest Assembly Plant In Gary
PostPosted: Sat Jun 05, 2010 10:22 am 
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GM
P.O. Box 33170
Detroit, MI 48232-5170

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 Post subject: Re: GM Building World Largest Assembly Plant In Gary
PostPosted: Sat Jun 05, 2010 10:36 am 
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US steel companies among GM's top unsecured debt-holders

TUESDAY, 02 JUNE 2009 02:25:10


With General Motors Corps's (GM) Chapter 11 bankruptcy filing this week, several US steel companies are at risk of losing large sums of money.

US Steel is owed nearly $9.6 million by the automaker, ranking it No. 31 of GM's 50 largest unsecured creditors, while ArcelorMittal USA comes in at No. 32 with $9.5 billion. Another US steelmaker, AK Steel, of Westchester, Ohio, is owed $9.1 million, Severstal NA is another major GM creditor, owed close to $7 million.

To obtain their money, these companies will have to get in line behind creditors whose debt is secured by collateral, such as GM's plants and other assets.
Still, at this point, steelmakers seem to have good faith that their loans will be repaid. AK Steel spokesman Alan McCoy said, "We expect to be paid what GM owes through the normal course of business."

Mr. McCoy added, "We will continue to ship products to GM...based on the contracts we have and the business conditions. Our business relationship continues."

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 Post subject: Re: GM Building World Largest Assembly Plant In Gary
PostPosted: Sat Jun 05, 2010 10:38 am 
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The following is a list of publications that our engineers have contributed to. You may click on the Society of Automotive Engineers (SAE) number to read an abstract and order the paper from SAE. Extensive summaries are available for articles that have a "(Full Summary)" link next to the citation.


http://www.ussteel.com/corp/auto/publications/index.asp

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