高级英语视听说第七单元文本 GM's Difficult Road Ahead

Unit 7 GM's Difficult Road AheadEpisode 1If the old saying “what’s good for American is good for General Motor and vice versa” is still true, we are all in a lot of trouble. General Motors is limping along in the breakdown lane, in need of a lot more than a minor tune-up.With GM’s stock trading near an all time low and its bonds rated as junk, the company reported losses of more than $10 billion last year. Unless it stops hemorrhaging money, it will have to be towed into bankruptcy court—a consequence that could cascade through the American economy, threatening up to a million jobs and changing the dreams of American workers.*General Motors is not just another company.For almost a century, it was emblematic of American industrial dominance, with a car for every customer and a brand for every stratum of society.***Back when Pontiacs were as sexy as Sinatra and Cadillac the synonym for luxury, GM made half the cars in the United States. And a job on one of its assembly lines was a ticket into the middle class. But that was before the first oil shock, and the Japanese imports. Today, General Motors is losing $24 million a day—and *** all bets are off.Cole: **And this is not a phantom crisis or a fake crisis. This is a real crisis.David Cole is chairman of the Center for Automotive Research, a non-profit consulting firm in Ann Arbor Michigan. He is widely considered one of the industry’s top analysts, and believes that Detroit is now facing what the steel industry and the big airlines have already been through: high labor costs that make it almost impossible to compete.Cole: And every one of the Big Three faces a problem right now of about $2000 to $2500 per vehicle produced cost disadvantage. ** If that plays out over time, they’re all dead. Correspondent: Change or die.Cole: It’s change o r die. Everything is driven by a profitable business. If you can’t be profitable, you can’t be in business.Episode 2:Wagoner: This is a mid-sized car, the Chevy Impala SS…It has certainly not escaped the attention of General Motors chairman Rick Wagoner, who we met at the Detroit Auto Show and may have the toughest job in America: running a corporation many analysts believe has become, too big , too bloated and too slow to compete with more nimble foreign competitors.Correspondent: How did General Motors get to the point where it is right now?Wagoner: ‘Cause we have a long history, almost 100 years. We have a lot of employees. Wehave a lot of retirees, a lot of dependents. And promises were made about benefits to those people that weren’t very expensive when they were made. And it’s really given us some financial challenges.One of them is that most of the people on GM’s payroll are no longer making cars. Every month, it sends out nearly a half million pension checks to former workers, many of whom retired in their 50s after 30 years of service and live in communities where GM plants closed long ago.Then there is the ever-rising cost of health care. GM has one of the most generous plans in America and provides it to 1.1 million people — retirees, workers and their dependents at a cost of $6 billion a year. More than any company in America.Gary Chaison, a professor of industrial relations at Clark University, has done the math: Chaison: It comes to ab out $1400 a car now. that’s what the health care premiums of the workers who make that car is.Correspondent: More that steel?Chaison: Yeah. Much more than steel, much more than glass, much more than any other part. What you’re doing when you’re buying a car is you’re spending a lot of money for the health care benefits of workers who are making that car.It’s cost most of GM’s foreign competitors don’t have because their workers are usually covered by some form of government health insurance in their own countries. Rick Wagoner says it’s one of the promises made to workers, in good times, that it can barely afford in bad. Episode 3:Correspondent: Do you think that those promises can be kept?Wagoner: Well, we feel a responsibility to the people that those promises were made to. We also have a responsibility to insure that our business is successful in the future.The future looks so bleak that the United Auto Workers, the union that represents GM’s hourly workers, agreed last year to give back some hard-won concessions, which included a $1 an hour cost-of-living raise for active workers, and required retirees to pay up to several hundred dollars a year towards medical insurance that had always been free. UAW President Ron Gettelfinger says it was painful but necessary.Correspondent: Was it hard to sell?Gettelfinger: Sure it was hard to sell. First of all, it was hard for us to convince ourselves that we needed to do something. It was not the easy decision to make, but it was a right decision to make in the long term. Because our concern is the long-term viability of our membership both active and retired when it comes to their benefits or to their wage levels.And the consensus is the union may have to give up a lot more, either before or during next year’s contract negotiations, if General Motors is to avoid bankruptcy—an outcome that couldallow the company to scrap its labor agreements, slash wages and pass off its pension obligations to the federal government.Cole: If you or I were given a choi ce between gold and silver, we’ll take the gold every time. Gold is no longer an option. The choice that they’re facing, literally, is between lead and silver. If they don’t do the right things, they’re gonna get lead.Silver is still terrific. And I think that’s where we’re headed. The industry can afford silver, but they can no longer afford gold.Correspondent: This is the end of the corporate welfare state?Cole: It’s the beginning of the end, big time.Episode 4:General Motors is still the largest automobile manufacture in the world, and most experts will tell you it has never made better cars and trucks. But its market share has fallen to 24 percent, and it has too many plants and too many people for the number of cars it’s selling.GM wants to shut down all or part of a dozen facilities and get rid of 30,000 workers by the end of 2008,but it’s hamstrung by its contract with the UAW, which says it would still have to pay these workers under something called the “job bank”.Cole: people are paid essentially a full salary and aren’t working --- can’t work.You can’t afford literally hundreds of millions of dollars in wage to people that aren’t working. So the way to deal with that is to buy’em out of their job. And that’s gonna be a big part of what’s happening in just the next few months.”The process has already begun. The week before last, General Motors served up one of the biggest buyout packages in corporate history, offering 113,000 hourly employees anywhere from $35,000 to $140,000 to walk away from their jobs or take early retirement. The buyout could cost GM up to $2 billion, so last week it sold off a chunk of one of its most profitable business, GMAC’s commercial mortgage division, to help pay for it. But the ultimate cost could be much greater for communities all over the Midwest.Several generations of American workers **put food on the table and kids through college working at GM factories like this one in Janesville, Wisconsin, where **a union job with General Motors was as close as you could get to guaranteed lifetime security.It’s hard work with lots of overtime, but in a good year they can make $100,000, with up to five weeks vacation. It’s a great job; the problem is, it can be done in Mexico now for $3 an hour, and people here are nervous. Almost everyone in Janesville either works for GM or has a relative or family member that does.Flood: Everybody knows, you know, General Motors is the horse that pulls our car. I think that’s true.It’s the favorite subject at the Eagle Inn, just down the street from the union hall, where we shared a cup of coffee with retirees Steve Flood and Claude Eakins and current UAW workers Ron Splan and Matt Symons, who make SUVs at the Janesville plant. Correspondent: What would happen to Janesville if GM went into bankruptcy?Splan: It certainly wouldn’t be a pretty picture.I mean, there’s probably 20 industries in Janesville here that supply directly to the Janesville General Motors plants. So it would be devastating.Correspondent: Are you willing to make more concessions?Flood: You bet. We’re gonna make sure GM survives. What we do, I’m not sure.Splan: They know that we’re all in the same boat. I mean, if it’s got a hole in it,we’re all,we’re all sinking.There are some who have actually suggested that bankruptcy might be good for General Motors in the long run---that it would allow the company to reposition itself competitively in the global market.GM chairman Rick Wagoner isn’t one of them.Wagoner: Our view is that’s a very bad idea. First of all, we don’t think it’s gonna happen. We don’t think it’s a good strategy. And we think a lot of people would lose if we did that, ranging from shareholders to employees to dealers to suppliers. And it’s my view that all this talk about bankruptcy is way overselling the risk side of the business.But a lot of things could go wrong. A potential strike at Delphi Corp., GM’s major parts suppliers, could shut down general Motors assembly lines and create a liquidity crisis. Corporate raider Kirk Kerkorian, whose intentions are unknown, is now GM’s largest individual stockholders--and making his presence felt. But most of all, GM needs to begin selling more cars and trucks without having to give them away with huge discounts.Episode 5:Wagoner: The first thing...we’re bringing out at the beginning of the year is this all new sports car, the Saturn Sky, a great thing to have in their showroom.Correspondent: It’s definitely not doubty.Wagoner: Definitely not.It needs to revive Buick and Pontiac the same way it resurrected Cadillac, with bold new designs and their own distinct identities.Lutz: This is one of our Cadillac studios.Right now the cars that will save GM, or not, are cloaked in blue shrouds at the company’s super-secret design center in Warren, Michigan. Under the watchful eye of 74-year-old vice chairman Bob Lutz, a legendary design guru, who once ran Chrysler.Lutz: Unfortunately this is a car that I’d like to be able to show, but for competitive reasons we can’t show it all. I’ll just show you some of the, some of the advanced work that we’re doing on grills --- that this is obviously a Cadillac, no concealing that.Correspondent: Would you have to kill me if I just took this thing and ripped it right out? Lutz: I would not be pleased with you.Lutz acknowledges that GM became complacent over the years, producing too many anonymous cars with this uninspired designs and ** delegating the design process too low in the corporate structure.Lutz: During the period of GM’s greatness in the 50s and 60s, design ruled. And **the finance people ran behind to try to reestablish order and pick up the pieces.We just lost the focus on design.**There is no detail too small for his attention right now. From sheet metal fits to upgrading interiors, and getting rid of what he calls that “nasty rat fur’’ upholstery.Lutz:I mean, the answer is product, product, product, product, product. And I’m happy to say that my experiences, that automobile companies always do their best products when they’re in dire straits, because all the second guessers get out of the way.Luze says the company has turned the corner on reliability and customer satisfaction, and the J.D. Power quality surveys bear him out. He says changing public perceptions will take longer. One encouraging development came at the Detroit Auto Show when Lutz unveiled the new sleek Camaro concept car, which debuted to unanimous acclaim and was selected as best car at the show. It’s exactly what GM needs right now, not at an auto show, but in its showroom.Wagoner:We’re enthused about it and everybody wants to know, ‘So, are you gonna build it?’Correspondent: And the answer is?Correspondent: We should have like 60,000..Wagoner: It’s firm or maybe we’d like to do it...We haven’t made the call yet. Correspondent: Really, you haven’t?Wagoner: We haven’t made the call. We’ve introduced it as a concept. Sometimes we do that to see how people to react it.Correspondent: Well, it was just named the best car in the show.Wagoner: Yeah, well I just got that information. That does suggest that if we didn’t try to build this, we might be brain dead. Stay tuned.。