Why did General Motors leave Dayton?
Plant closure
On June 3, 2008, GM Chairman Rick Wagoner announced that the Moraine plant would close in December, citing high fuel prices and decreased demand for the SUV and trucks produced by the plant.
"The company did not maintain its commitment to retain the jobs," the Ohio Development Services Agency said in a news release. Ohio is ordering General Motors to pay back $28 million in tax credits after it failed to meet the terms of the 30-year agreement by closing its Lordstown plant after 10 years.
GM Moraine Assembly was closed permanently on December 23, 2008, and 2,400 workers lost their jobs.
On March 5, 1996, three thousand workers, members of the United Auto Workers, went on strike at two General Motors (GM) parts plants in Dayton, Ohio, causing GM production facilities across the United States to close.
Trump Faces Tossup Territory In Ohio After General Motors Plant Closure In 2016, support for Donald Trump surged in northeast Ohio. But the 2019 closure of General Motors' plant in Lordstown may have changed residents' views.
The film opens on Dec. 23, 2008, the day GM closed the Moraine factory. A GM worker leads a somber prayer as nearly 2,000 people lose their jobs. The plant closing resulted in some of the ex-GM employees plummeting from middle-class, where they earned $29 an hour, to homeless.
GM had decided to shut down the factory as part of a plan to permanently idle five factories in North America to cut costs. The plants targeted for closure, Oshawa included, all built cars and consumer tastes had shifted to pickups and SUVs. "I thought, 'Oh my God, this is a huge story,' " Findlay said.
General Motors filed for bankruptcy early Monday, marking the end of an era for GM, as the troubled automaker now represents the largest bankruptcy in history. Once the world's largest automaker, now the ailing giant will be forced to close more than 10 plants and cut more than 20,000 jobs.
GM is too slow to innovate because of its size. GM is too bureaucratic and unable to adjust to changing markets. GM's dealer network is too large. GM sold off its formerly profitable financing business GMAC.
Bognar: In the film, Shawnea Rosser, who worked at the old GM plant and now works at Fuyao, she says it varies directly. She says at GM she was making $29 and some cents per hour and at Fuyao she makes $12.84. So that's less than half of what she used to make.
When did Frigidaire leave Dayton?
In January 1979 GM announced it had sold Frigidaire to White Consolidated Industries of Cleveland.
As the former President of the Fuyao Glass factory acknowledged before he was fired, “We are not a union shop—we do things right by employees,” a reminder that it doesn't take a union to create a good workplace and good wages.
Fuyao and Ohio, along with a host of dignitaries and nearly 700 guests, celebrated the grand opening of Fuyao's newest U.S. plant on Oct. 7, 2016. Cao Dewang said the company invested nearly $477 million to convert the former General Motors assembly plant.
Delco Moraine, another part of BWI Group's heritage with roots in the Dayton, Ohio area, was also a sister division of General Motors. Delco Moraine manufactured automotive brake products, beginning in the 1930's with drum brakes.
GM also highlighted its six manufacturing and distribution facilities throughout Ohio, as well as a planned joint venture that would manufacture battery cells for electric vehicles near the Lordstown plant.
General Motors sold its stake in Lordstown Motors during the fourth quarter following an undisclosed lock-up period, the Detroit automaker confirmed Tuesday. GM owned 7.5 million shares of common stock in Lordstown as part of a SPAC deal that took the Ohio-based automaker public in October 2020.
In 2018, GM announced it was closing its Lordstown Assembly Plant because of declining sales of the Chevrolet Cruze subcompact car built there. The last Cruze rolled off the line in early 2019 and later that year, GM sold the 6.2 million-square-foot facility to Lordstown Motors.
In an historically challenging year for the auto industry, Fuyao Glass America saw a net profit of more than $428,000 in 2020, well down from the $9.7 million reported in 2019, a recently released English translation of the company's annual report said.
The assembly plants marked for closure in 2019 are Oshawa Assembly in Oshawa, Ontario, Detroit-Hamtramck Assembly in Detroit, and Lordstown Assembly in Warren, Ohio. The propulsion plants scheduled to close are Baltimore Operations in White Marsh, Maryland, and Warren Transmission Operations in Warren, Michigan.
Most General Motors plants in the United States will forego traditional summer shutdowns to help meet buyer demand for popular Chevrolet, Buick, GMC and Cadillac cars, crossovers and trucks. Nine of the 11 assembly plants will continue to operate during the traditional shutdown period from June 28 to July 9.
Are Ford plants still shut down?
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Gallery: 2021 Ford F-150 Review.
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GM stock has risen by 78% since the end of 2018 compared to the S&P500 which has increased by 57% in the same period. In 2021 we expect revenue to recover marginally while earnings are expected to recover after a fall in 2020 with the impact of Covid-19.
The old GM stock stopped trading on the New York Stock Exchange on June 1, 2009, the day that GM filed for bankruptcy. Each share of GM stock became a share in Motors Liquidation. While it was widely reported that the shares were worthless, those shares still traded, then and now, over the counter.
Founded in 1908, GM rose to dominate the US auto industry. But it declined in the 1980s and 1990s, and in 2009 it was bailed out and went bankrupt. By 2019, however, the definitive American corporation had recovered.
In 2010 the company officially discontinued both the Pontiac and Saturn brands and sold Saab. The downsizing left GM with four vehicle divisions: Buick, Cadillac, Chevrolet, and GMC. In November 2010 GM returned to the stock market with one of the largest IPOs in U.S. history.
On July 10, 2009, the original General Motors sold assets and some subsidiaries to an entirely new company, including the trademark "General Motors". Liabilities were left with the original GM, renamed Motors Liquidation Company, freeing the companies of many liabilities and resulting in a new GM.
The National Labor Relation Board has dismissed a charge that Fuyao Glass America suppressed a unionization campaign at its Moraine plant.
Although the number of cross-national analyses in this area is limited, one study [24], using data from the 1997 International Social Survey Program (ISSP), document that 79.7% of employees in 21 countries report being fairly satisfied or satisfied with their job.
By choosing a former manufacturing facility, Fuyao knew that there was a comprehensive, existing infrastructure and transportation network. Fuyao's investment was supported by local economic development partners in rapidly assembling a major workforce to satisfy immediate and long-term workforce needs.
What did Fuyao offer to employees after the union vote did not pass?
“If a factory can do without a union, it's better not to have one.” Fuyao Glass paid LRI, an anti-union consulting company, more than one million dollars to prevent workers from unionizing. The money paid off, as the workers of Fuyao voted against unionizing.
They were scared. They were worried that the documentary would cause union disputes. Others say that I was too kind and was being used by the Americans. (I think) the director is telling us that China's prosperity is attributable to the hard work of the Chinese people, and we are not bragging.”
Cao Daweng, the Chinese billionaire founder of Fuyao Glass Industry Group made famous by the Oscar-winning 2019 documentary American Factory, is planning to invest 10 billion yuan (US$1.54 billion) to build a technology university in China, as the country pushes for self-reliance amid a protracted tech war with the US.
It is one of the largest auto glass producers in the world, with customers including large international automobile manufacturers such as Ford, General Motors, Subaru, and Volkswagen Group.
Guardian Glass began as a small windshield manufacturer in Detroit, Michigan. Today, the company is a glass supplier to 160 countries on five continents. Guardian is a wholly-owned subsidiary of Koch Industries, Inc.
Fuyao is now an OEM provider for BMW but that doesn't mean it's necessarily good. A local glass shop (trying to avoid the big chain windshield folks) says Fuyao is in stock, Pilkington is an order product that would take 3 days to get. The price difference is $60.
In January 1979 GM announced it had sold Frigidaire to White Consolidated Industries of Cleveland.
Fuyao and Ohio, along with a host of dignitaries and nearly 700 guests, celebrated the grand opening of Fuyao's newest U.S. plant on Oct. 7, 2016. Cao Dewang said the company invested nearly $477 million to convert the former General Motors assembly plant.
