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US economy is ‘the big winner’ in UAW-GM deal: Toyota North America CEO



Toyota North America CEO Jim Lentz discusses the tentative agreement reached between General Motors and the United Automobile Workers as well as the strike’s impact on GM’s business.

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30 comments

  1. This is outrageously hilarious having Jim Lentz, Toyota CEO, discuss the GM UAW deal. Considering Toyota is a non-union automotive company that has 0% desire to become unionized. Most profitable auto company in the world, yet pays their employees less than both Ford & GM, while working the employees 2x as hard.

  2. uneducated ppl making $63 an hour by standing in one spot pressing a button lol..all these workers don’t deserve that type of wages.$25an hour is good enough for these uneducated workers

  3. IT CERTAINLY WASNT US TEMPS!!!!!

  4. Unemploying and automating the world.

  5. Neil Cavuto should follow She-pard Smith and resign, his bias talent is being wasted at FOX,when he could be working at CNN or MSNBC

  6. Strike will probably end but layoffs will most likely happen next.

  7. Cavuto thinks he is the news,time to go Neil.

  8. This was no deal based on what I've heard….3yrs as a temp before becoming a permanent employee… that's outrageous…it should be like 90 days, to 6 months at most…Sounds like the Union sold themselves short…and GM plans to hire more temps….It cost GM about $30,000.00 an HR for labor cost in Mexico for $10,000 workers at their GM plants…when they pay them $3.00hr…compare that to American plant employees that make $20-$30 hr….That would be $200,000.00-$300,000.00 an HR for 10,000 workers…now consider how much it cost GM for 40hr….$1.2 million for Mexican workers for 40hrs, compared up to $12 million for 40hrs for 10,000 American workers….Now consider how much annually…say $57,600,000.00 million for 160hrs a month for 12 months….for 10,000 Mexican workers….now compare that to $576,000,000.00 million for 10,000 American workers…the margin is quite dramatic…factor in the cost of bonuses, that cost of insurance, paid vacation, retirement, profit shares…..There is a reason GM won't agree to a contract that requires them to keep jobs in America, protected by a union, and labor costs that high….They have a bigger plan to outsource manufacturing to places like Mexico due to the cost savings, and profits…plus to hire more temps, that would otherwise be jobs created for people who could support a family, with proper coverage, and time off for the more important things in life, but they use people as temps, till they can move to the next phase, and close more US manufacturing, and assembly plants….the devil is in the details of the contract, BEWARE…! 4yrs comes fast…then we'll, if you go on strike, GM will have taken that into consideration, it won't effect them then…..You guys have no idea….

  9. Typical car sales man scam, Oh yes the payment will be the same, but now you have to pay 2 more years , You have to be crazy to buy a new car. Oh and they will be happy to finance it for you too. And what is he doing talking to the CEO of Toyota about the GM strike, Toyoya is a Non Union shop.

  10. My house is paid off, but I still wouldn't buy a new car. I pay cash for good used vehicles, so thank you my fellow citizens for trading in your cars for new ones, thereby I avoiding massive depreciations in car values.

  11. TBH with you I don't really want to go back to work on Monday. I rather go back on October 28th. Anyone else?

  12. Is it just me or does Cavuto's grating get on your tit end?

  13. Neil, what's wrong with your voice.???

  14. they allready make more than they earn

  15. Imagine any American people wanting a recession just because they don't like trump. Insane

  16. gm is going to sell out to another company so they dont have to pay pensions. The workers didnt earn pensions either because the cars always suck.

  17. Great to see families getting back to work!

  18. Cavuto please find another job. Sick of looking at your globalist face.

  19. The unions caused the USA car manufacturing crisis the last time..

  20. I've bought my last GM. Been driving them most of my life. The last one started falling apart before I got it paid for. Go ahead and get you one of these junker's. I've washed my hands of them.

  21. STRIKE WILL END REAL SOON, ITS GETTING COLD OUT. LMFAO

  22. Fake news❗
    TRUMP2020🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸

  23. GM definitely needs to bulid parts as GM autos are breaking down at very high rates, both new and used. The bigger problem for GM is their quality control and the fact GM wants to move all their plants to China and Mexico.
    Who the hell finances autos? I understand leasing a new auto with good credit, no downpayment and get a new auto every 2-3 years for a fairly low mt payment no maintenance worries no plan to buy out at end. But to put money down on a new auto and make payments for 3-5 years losing 35-55% of its value by time loan is finished seems illogical when there are many good used autos to buy straight out. It seems these automakers believe most will keep buying new. Well they've pretty much tapped that group of folks and their forcast should be planning to sell less autos over time, not more. And this trend of getting away from affordable cars is strange. Its either suv, crossovers or trucks. The car options new are very limited from American auto makers.

  24. First it was Communism then it was BOLSHEVIKISM and it became into ZIONISM none of them work all enslave people under a harsh dictator as in Zion World Order they rule through Central Banking and in USA the "federal reserve" this is" the shadow Government" that tells the deep state what to do!!!

  25. The fact that wages in America have not kept pace with the TREAL cost of living is what this is about!! and talking heads are against a free people because when wages are to low to support the wage earner they get Government aide! And so the wages of wage earners affects us all!!!

  26. GM and it's s employees are in for ANOTHER big shock by producing all these huge $75,000.00 trucks,It's going to bite you BIG AGAIN ! We're have a tremendous economy right now,but….. ……………

  27. All GM builds is junk trucks. Won’t buy or own one ever again.

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