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GM ceases Venezuela operations after government seizes plant


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3 hours ago, TeamsterGrrrl said:

And if your union hating business strategy is so successful, how come you can't afford a truck with a computer controlled engine?

Why waste the money on something I don't need? My trucks and crews haul my products only and are a hell of a lot more dependable than the latest electronic units and are tailored to my specific work.. Aren't my pair of Marmons and my Macks up to your standards? My people are all are happy with them.

Also dear heart, I don't hate the unions.  I could care less what they do. What I do not want them interfering with or telling me or my people how, what and when to do something.

You should really try not twist peoples words to fit your agenda, it's not becoming to you.


 “Life’s journey is not to arrive at the grave safely, in a well preserved body, but rather to skid in sideways, totally worn out, shouting ‘Holy shit, what a ride!’


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Sorry that this forum is about all the computers you can handle, remember the weeks it took some of you to adapt to the last software upgrade? And while you caveman are busy gettin' greasy trial and error replacing parts, I've neatly plugged my computer in and fixed the problem. I mean... Can't you guys even handle VMack 1?

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It's not that I cannot afford a computerized truck...it's that I don't want one. Mechanical stuff can be repaired or Redneck Engineered to gget back to a shop. Wire corrodes or terminal comes loose or a sensor goes haywire and you're fucked on the side of the road with a truck that won't run. The emissions crap is another demotivational factor working against my willingness to spend money on a new truck. Nothing like having a busy day and having the truck tell you it needs to park on the side of the road for a while so it can regen...or having it decide to do so when you're out in a grassy field, or at a dusty grain elevator, or anywhere else where high temperatures are dangerous. Not to mention, I don't care to have a fuel line running to hot exhaust components...fitting cracks, sprays diesel onto the hot exhaust, and your truck burns up. Have you noticed the increase in trucks burning up in wrecks? An older truck would just be totalled. In a newer truck, you'd better be able to get yourself out or you'll be burned to a crisp. Then there is the whole DEF issue. Most of the places I stop at for fuel do not sell DEF, so I'd have to make a special stop (or pay through the nose for the bottles) to top that off. Waste of time and money either way.

My 17 year old Mack earns just as a 2017 model year Mack would earn...but without the note. It is cheaper to insure, and while maintenance costs more than it would with a brand new truck, it is still cheaper than the note on a new one. I simply don't see any reason to spend a bunch of money to receive more headaches with more overhead attached to it for no additional revenue. It is a business. If it made good business sense to buy a newer truck (reduced overhead, reduced costs, increased revenues, etc...) then I might consider it. However, there are no economic benefits to running new equipment over my well maintained older truck.

I drive older stuff because I like older stuff. I've put over $20K into a 27 year old Suburban for my wife that might book for $3500. Sure, I could have bought a much newer model for that...but that wouldn't have been as much fun. It's like going to a car or bike show and seeing a brand new vehicle with a few store-bought aftermarket shiny parts bolted on. ANYBODY can do that. I like seeing the older stuff that has been preserved or restored. I like seeing the rat-rods, where creativity knows no limits. I like seeing the vehicles that DON'T look like every other car on the road. Same goes for what gets parked in my driveway. Why buy some plain, boring, cookie-cutter vehicle when I can build something truely unique?

It isn't for lack of money that I don't have a new truck, but for lack of want, and all of the money in the world won't change that.

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When approaching a 4-way stop, the vehicle with the biggest tires has the right of way!
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You guys really expect me to believe you got six figure sums in the bank, but you run old trucks because you like 'em? If that were the case you'd be preserving your old Macks instead of working them! Saw a study the other day comparing average vehicle age with average income in Kentucky... Turns out the biggest determinant of how long people keep vehicles is income. In the higher income areas people trade for new every 5 years or so because they can, in the low income areas they buy vehicles that are at least 10 years old and run 'em into the ground, because that's all they can afford.

I learned about this early on working for fleets... SOP was to trade the vehicle before it got so old as to be unreliable and needed a lot of expensive repairs. For a high mileage fleet this meant around 5 years, before an engine overhaul was needed, and about the time the extended warranty ran out and and as soon as they could claim a depreciation tax write off on it. For a lower mileage fleet around 10 years was common, with the vehicle put on close to home low mileage runs the last few years. That's why back when the trucking industry was healthy in the 60s and 70s you didn't see many trucks over 10 years old on the road.

Today rates have been cut to the bone, the big fleets get huge discounts on everything, and the only financing smaller operators can get is on credit card terms. There's no shame in admitting that you're poor and underpaid, but it's stupid to stay in that rut. When you're having to spend $10k plus to overhaul a truck that's worth $5k, it's time to look for a better job!


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Do you really think big fleets get cheaper pricing?! The way big fleets get a truck cheaper is the dealer's set up a cheaper package. Fleet trucks don't have the nice amenities in the cab, the sound proofing, or plushness. Lot of times they have steel air tanks, steel fuel tank straps, painted steel dpf covers and steel wheels. That stuff all needs replacing in four or five years. These are referred to as throw away trucks. 

There are also fleets out there refurbishing their older trucks. Does that make them stupid? If they get one half more mpg with the older trucks and run 2000 miles a week think of the money they save.....Oh wait I better find a report on it so you don't have to figure it out. A fleet running 10 trucks can pay a driver's wages saving one half mile per gallon. 

My last truck I financed for 3.3%. Not sure where you come up with this high "credit card financing" rate. 

If you judge a person by the vehicle they drive then what are you TEAMSTERGRRRL?!  Being you drive a Ford Ranger. 

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Dirty, good to see you got a decent deal. As for the baubles, "Chrome won't get ya home". As for the Ranger, great truck, but after 20 years service it's probably getting retired. Sure, I could strip it to a bare chassis then de-rust, replace all the failing bits, and repaint. But with a 2003 TDI to handle the trailering duties and serve as a spare, I don't need the Ranger and makes more sense to spend my time restoring the Cooper S instead of a garden variety Ranger. The 2013 TDI is about to go back to VW, it's being replaced by a new 2015 TDI that I'm picking up thursday, and I'll come out a couple thousand ahead on the deal.

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TS7, North Dakota and the other "petro states" are all feeling the pinch of low crude prices, but most like NoDak have other businesses like farming, manufacturing, and software to fall back on. I've never owned because every time I've done the numbers on buying my own truck I found I would be much better off as a company driver. As far as taxes, that's one of the reasons you buy a new truck- much easier to deduct depreciation than shoeboxes full of parts receipts and tow bills!

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3 hours ago, TS7 said:

No Kscarbel2 someone here cannot face the fact that socialism has failed in Venezuela. Because of greed there the people are eating dogs and cats, tell me where I am wrong. So someone here thinks truck owners on this site are not paying there fair share for roads. Has this person ever paid any highway use tax? No. Has this person ever owned a Class 8 truck new or old? No. This is what has happened in Venezuela keep taxing the ones that are working and no one will work, then what? Anyone who supported Bernie Sanders this where he would have taken you. 

C'mon friend, doesn't everyone have a right to their opinion? You don't have to agree with it but should respect it. You're welcome to think they're completely wrong. And of course you can/should share your own opinion.

Step out of the box for a moment, relax and take a deep breath, and think about it. Your one life is far too short to get high blood pressure and a heart attack over this matter.   

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GM expects $100 million hit to profits from Venezuela action

Automotive News  /  May 2, 2017

General Motors said it would deconsolidate its operations in Venezuela, reducing global profits by up to $100 million after the government seized GM’s plant there last month.

The deconsolidation, announced Tuesday, means GM will no longer include earnings or losses from Venezuela in its South American results, but it does not necessarily signal that GM is pulling out of the country permanently. GM has ceased operations and terminated its workers there while it appeals the plant seizure to Venezuela’s Supreme Court.

“The company expects a prompt decision and favorable outcome,” GM said in a statement. “GM executives have expressed a willingness to talk with government officials and union leaders about the circumstances under which it could be possible to start production and employ some number of workers with a new, viable business model.”

GM’s deconsolidation of Venezuela follows a similar move by Ford in that country two years ago. Ford’s action resulted in an $800 million charge, but the effect on GM’s finances will be much smaller because it had not produced any vehicles in Venezuela for more than a year.

“The illegal seizure of the plant accelerated some decisions that we needed to make,” GM CFO Chuck Stevens told reporters last week. “We don’t necessarily want to exit the country, but certainly it’s not an environment that you can invest in or run a normal business at this point.”

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16 hours ago, TS7 said:

It will be a long time before any one builds cars in Venezuela again. Kscarbel what happened to the Mack plant?

Still in operation, under Volvo ownership.

The location assembled its 24,000 CKD truck kit in 2015.



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