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Automotive News & Views Does America Even Need Its Own Automakers?
1788 messages, Last post on Mar 03, 2009 at 2:18 PM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: nippononly (Nov 14, 2008 11:18 am) He has a lot of valid points but, yeah, more than a touch harsh. My biggest concern is that we're going to end up dumping all this cash into the auto makers, get more of the last 30 years and then say "yeah, but we dumped all this money; we should keep giving them more money until they turn it around." When does further aid become money down teh drain?
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Replying to: dtownfb (Nov 13, 2008 12:56 pm) GM says: New labor agreements will make U.S. manufacturers’ labor costs competitive with the transplants by 2010. http://gmfactsandfiction.com/wp-content/uploads/2008/11/state-of-us-auto-industr- - - y.doc They also say: The U.S. auto industry has been hard hit by the credit crisis. Now, if it is true that they can not get credit that will allow them to stay in business and their customers can not get credit that will allow them to buy cars, they are to some extent victims of those that created this crisis (you know, the financial institutions that are getting bailed out). Granted they may only be victims in that the credit crisis is the straw that is about to break the camels back, but I have a hard time with the idea of billions for wall street crooks and not one penny for manufacturers of actual products, who provide good paying jobs for a few of those who did not go to business school and learn how to really rape the economy.
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Replying to: nippononly (Nov 14, 2008 11:18 am) it's rather too large to post in full here. |
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Replying to: fezo (Nov 14, 2008 11:25 am) Ah, the sunk-cost fallacy. Often used to justify unpopular wars, irresponsible construction projects after problems are pointed out (see Tellico Dam), or putting one more nickel in the slot machine. Unfortunately it works all too often. |
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Replying to: steve_ (Nov 14, 2008 12:02 pm) We had a crazy one in Jersey years back called the Tocks Island dam. Would have created a 37 mile long lake between NJ and Pennsylvania in the Delaware River. They started the idea in 1955 and I don't think it was officially dead until the early90s but by then they had emptied out almost whole townships (one of them last i looked had 5 people left). The good thing that came out of it was the area became the Delaware Water Gap National Recreation Area which is quite beautiful. You would not believe you're maybe an hour from New York City. |
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Replying to: fezo (Nov 14, 2008 12:20 pm) Filed under unintended consequences? |
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Replying to: nippononly (Nov 14, 2008 9:05 am) That experience rung a bell with me, too. A few weeks ago, I went to a Cadillac-LaSalle show at a local Caddy/Buick/GMC/Et Al dealership. Okay, this is the 2009 model year, right? Well, they had a new 2007 GMC Canyon pickup sitting in their showroom that they were trying to unload. I forget how much they wanted for it...they knocked something like $6K off but IMO that was still too much for something that's two model years old.
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Replying to: andre1969 (Nov 14, 2008 12:40 pm)
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