Chevrolet Corvette Stingray C7 Forum - View Single Post - White House Approves $17.4 Billion Auto Loans to GM & Chrysler

edesign · 12-28-2008, 05:12 PM

http://www.msnbc.msn.com/id/28351182/

I work very closely with Caterpillar products and was somewhat surprised to see the above article on MSNBC last week. Everyone is getting hit hard but some are in a better position than others...Cat is nowhere near bankrupt but at least they're taking proactive action now instead of waiting until their feet are inches above the flames. I don't recall if their engine factories are union or not but they are spread out (In the US for starters...Georgia, South Carolina, Indiana, and other places globally) so some may be and some may not be. Our service shops in the northern part of the state are union, the shops in the southern part are not.

Anyway, just thought it would be interesting read for people here to see that other companies are cutting back.

12-28-2008, 05:12 PM	#97
edesign Drives: 04 Pontiac Grand Prix, for now Join Date: Dec 2008 Location: Louisiana Posts: 10	Follow Caterpillar's example for starters... http://www.msnbc.msn.com/id/28351182/ I work very closely with Caterpillar products and was somewhat surprised to see the above article on MSNBC last week. Everyone is getting hit hard but some are in a better position than others...Cat is nowhere near bankrupt but at least they're taking proactive action now instead of waiting until their feet are inches above the flames. I don't recall if their engine factories are union or not but they are spread out (In the US for starters...Georgia, South Carolina, Indiana, and other places globally) so some may be and some may not be. Our service shops in the northern part of the state are union, the shops in the southern part are not. Anyway, just thought it would be interesting read for people here to see that other companies are cutting back.