Quote:
Originally Posted by Foster26
I never said the Camaro investment is not justified. I agree it is-at this point. Remember though, it doesn't start production before Feb. Can you predict what economic conditions will be like at that time? Sure we all expect them to be bad but how bad? The worse the economy gets, the less demand there will be for this car. There is a point where further investment cannot be justified. I hope we don't get there and really think we won't, but sure as hell can't predict what GM's condition will be in February.
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I would agree. It may only take one million dollars to get the Camaro to production but if you don't have it and no one will loan the money to do it, then it is a no-go. If things get really bad then the only products that would be available next year would be the products that are already going down the assembly.
Now back on topic.
If my company asked me to take a pay cut I would be ticked for the fact that we just had record profits but if we were losing money then I would find it acceptable to take a pay cut. But then I would definitely want my pay back when the profits return.