So this isn't exactly a post about public relations, but it does show the impact that social media can have for motivating people for action. I've e-mailed this and posted it as a note on Facebook. I hope you'll give some consideration to what I'm asking below.
As many of you know, I work for General Motors (specifically Chevrolet) here in Detroit, and if you've watched or read the news at all lately you know that GM, and the auto industry as a whole is having an extremely challenging time right now. We announced significant losses last week, and made it clear that we are burning through cash at an alarming rate. Last week, the CEOs of GM, Ford and Chrysler met with Congressional leaders regarding the automakers getting $25 billion in loans that would come out of the $700 billion Congress has already approved for the financial sector. While it's true that the government already approved a previous $25 billion in loans for the auto industry recently, that money can only be used for the research and development of more fuel efficient cars and trucks, and nothing more (plus all automakers, including the foreign companies have access to this cash). For GM a portion of that money will go to the development of the Chevy Volt (an electric car), more hybrids and increasing the fuel economy in current internal combustion engines. What we're asking for in this additional $25 billion in loans (not a bailout, we'll pay these back with interest) is a bridge to getting things turned around for the industry.
2010 is going to be a big year for us because that's when we'll be able to defer a huge portion of our healthcare costs over to the United Autoworkers Union. That's also the year the Chevy Volt and other important cars debut for us. So I'm simply asking for your help in contacting your senators and representatives to show your support.
Having traveled all over the country with this job, I know there are some serious hard feelings people have towards GM and the American auto industry in general. I know many people believe the government should just let the market work this out, and if GM and other automakers go under, so be it. I can tell you, however, that if this happened, the entire economy would experience catastrophic changes. You see, it's not just the people who work for these companies that are affected, but all those connected to them in some way: dealers, advertising agencies, public relations agencies, parts suppliers, rental car companies, etc. If peoople in these sectors lose their jobs, then they have less money to spend in the stores in addition to being unable to pay many of their bills (potentially leading to more home foreclosures). Here are a few facts on what would happen if the domestic auto industry collapsed:
- Nearly 3 million jobs would be lost in the first year alone – with another 2.5 million to follow over the next two years
- Personal income in the United States would drop by more than $150.7 billion in the first year
- The cost to local, state, and federal governments could reach $156.4 billion over three years in lost taxes, and unemployment and health care assistance
- Domestic automobile production would more than likely fall to zero – even by international producers, due to supplier bankruptcies
In summary, I'm asking that you contact your senators and representatives to voice your support of these government loans to the automakers. My team at GM set up a Web site, www.gmfactsandfiction.com that addresses many of the rumors surrounding GM right now, as well as a link on how to get in contact with your political leaders.
Maybe you don't drive an American vehicle, and maybe you never will, but we are all impacted by the U.S. auto industry in some way. I hope you'll receive this e-mail in the spirit it's intended, and not as a political issue. Don't hesitate to contact me with any questions or concerns you have about this.