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Does America Even Need Its Own Automakers?

1788 messages,  Last post on Mar 03, 2009 at 2:18 PM

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#1115 of 1788 Re: The American People have spoken.... [dtownfb] by Mr_Shiftright HOST Nov 13, 2008 (1:24 pm)
Replying to: dtownfb (Nov 13, 2008 12:56 pm) I KNOW!!! Can you believe the CEO said that?!!!   My feeling is that the Big Three are absolutely certain that they will be bailed. Arms are not being twisted in DC now, they are being broken. Replies to this message: dtownfb (Nov 13, 2008 1:36 pm)
#1116 of 1788 Re: The American People have spoken.... [Mr_Shiftright] by dtownfb Nov 13, 2008 (1:36 pm)
Replying to: Mr_Shiftright (Nov 13, 2008 1:24 pm) I've defended Wagoner in the past but this was ridiculous. I don't want GM to fail because of the lost jobs but the current business model with GM is unsustainable. The problem is everyone has known this for years and have done little to change it. the problem is Wagoner was worried about satisfying the investor and not building a great car. He has the vision of Mr. Magoo.
#1117 of 1788 Re: The American People have spoken.... [dtownfb] by grbeck Nov 13, 2008 (1:43 pm)
Replying to: dtownfb (Nov 13, 2008 12:56 pm) dtownfb: The dumbest thing Wagoner could have done is announce to the world that GM will run out of money by January. Who wants to invest in this company knowing that it is a better than average chance, it may not be around come 2009?   Even if he hadn't said anything, the information would have been contained in the various reports that GM is required to file. Eventually people who study the industry would have pieced it together, and figured out just how much money GM has left. Replies to this message: dtownfb (Nov 13, 2008 2:00 pm) circlew (Nov 13, 2008 5:03 pm)
#1118 of 1788 Re: The American People have spoken.... [grbeck] by dtownfb Nov 13, 2008 (2:00 pm)
Replying to: grbeck (Nov 13, 2008 1:43 pm) You are probably right but instead Wagoner should have been touting a plan to turn around this mess and not been the messenger of death.   I may have owned my last GM car, whether they make it or not.....
#1119 of 1788 Re: The American People have spoken.... [dtownfb] by steve_ HOST Nov 13, 2008 (2:03 pm)
Replying to: dtownfb (Nov 13, 2008 12:56 pm) Hershey Foods? They should be holding their own or doing better in a recession since they sell a "luxury" item for a cheap price. You may not be able to afford a Harley, but a Hershey Bar could be your lunch.   I'm not sure about Wagoner and am certainly not thrilled with Nardelli, but Mulahy at Ford continues to impress.   "The supply industry, which is made up of roughly 6,000 firms in North America, two-thirds of them in the United States, "is an integrated system," said Sean McAlinden, vice president of research at the Center for Automotive Research in Ann Arbor. "It's a house of cards. You knock down enough of the cards in the bottom rows and it all goes down for months," he said. "It's going to cost Toyota and Honda a great deal if this happens," McAlinden said. "They're incredibly worried.""   The domino effect of a failing domestic auto industry
#1120 of 1788 Well then the above post by iluvmysephia1 Nov 13, 2008 (3:17 pm)
says a lot about whether or not this is going to happen or not. Obama is now talking about giving $50B. Does that tell ya something? Oh, no, the Big Two and a half are going to be bailed out and the new Administration is going to throw even more cash at the problem...ummm...I mean answer...I...mean economic problem...I mean American auto industry. Replies to this message: Mr_Shiftright (Nov 13, 2008 4:05 pm) gagrice (Nov 13, 2008 4:10 pm)
#1121 of 1788 Re: Well then the above post [iluvmysephia1] by Mr_Shiftright HOST Nov 13, 2008 (4:05 pm)
Replying to: iluvmysephia1 (Nov 13, 2008 3:17 pm) I'm surprised the bearings in the Treasury printing presses haven't worn out already. Now they'll be working overtime. Replies to this message: gagrice (Nov 13, 2008 4:10 pm)
#1122 of 1788 Re: Well then the above post [Mr_Shiftright] by gagrice Nov 13, 2008 (4:10 pm)
Replying to: Mr_Shiftright (Nov 13, 2008 4:05 pm) They are probably German or Japanese bearings Designed to give years of trouble free service.
#1123 of 1788 Re: The American People have spoken.... [grbeck] by circlew Nov 13, 2008 (5:03 pm)
Replying to: grbeck (Nov 13, 2008 1:43 pm) I have to give it to Wagoner. He baited and switched performance statements painting an optimistic picture and said bankruptcy was not an option as earnings were released in Q2 and Q3. Unfortunatly, the proposition passed for the $25B for re-tooling has firm conditions that will need to be amended...Paulson will not allow use of the $700B for the TARP.   He (Wagoner) will be proved correct because Congress won't let that (BK) happen...or will it?   Dems Can't Pass Bailout   Regards, OW
#1124 of 1788 Re: The American People have spoken.... [Mr_Shiftright] by berri Nov 13, 2008 (5:20 pm)
Replying to: Mr_Shiftright (Nov 13, 2008 9:31 am) Washington runs on politics and money. The big purveyor of those are the lobbyists who get most of their money from business and other financially flush organizations and people like unions, special interest groups and multimillionaires. I'm afraid K Street will make this call like most other major decisions. Replies to this message: Mr_Shiftright (Nov 13, 2008 5:35 pm) qbrozen (Nov 13, 2008 5:44 pm) gagrice (Nov 13, 2008 5:45 pm) fintail (Nov 13, 2008 7:21 pm) and 1 more...

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