Is GM On The Verge Of A Repeat? UNIFOR's Dias Would Like It To Based On HIs Half Brained "Boycott" Campaign (Pensioners and Future Pensioners Be Very Concerned)

UNIFOR's Jerry Dias is sending the wrong message - if he truly wants to save auto jobs at companies like GM, he should suggest to BUYING their cars.

As GM has posted its year end results, the Canadian public at large falling victim to the one way auto workers union ads and criticism from its leader Dias, focuses on two numbers - US$8 Billion "profit" as posted by GM yesterday for 2018 and a multi-billion figure (that no Canadian can actually quote but they just know its big) "bailout" that occurred due to the Global Financial Crisis of 2018.  With only these two numbers in their heads, Canadians are infuriated and blindly throw their anger at GM while boycotting the cars they make.  This is the wrong approach.

For context and clarificaiton, US$8 BIlion is an "accounting profit", this is not CASH!  Looking further, GM only posted US$5.6 Billion in CASH! generation for 2018....on US$147 Billion of revenues! That is, approximately 3.0% of revenues! These are grocery store like margins!

Upon further investigation, for 2017 and 2018 it was a wash for CASH! generation.  There was ~US$2.0 Billion CASH! lost followed by a year of US$2.0 Billion CASH! generated.

In other words, looking at the last three years, ~U$452 Billion of revenues were generated, yet only US$5.6 Billion in CASH! was generated.  THIS IS NOT A HEALTHY BUSINESS!!!

Nevermind the US$86 Billion in Long Term Debts.  This, unfortunately, does not even include the US$16 Billion of Pension obligations.  If I was expecting a pension from GM, I would be very concerned. 

If Canadians truly want any chance of Oshawa receiving some benefit from GM they had better start BUYING GM cars, NOT BOYCOTTING GM.  This is not a healthy business, and for those that will benefit from the Pensions line in the balacne sheet, GM is going to need all the help it can get, not boycotts.