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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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What is this discussion about? Automotive News, Truck, Sedan, SUV

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#1242 of 1788 2020... by iluvmysephia1 Nov 17, 2008 (12:37 pm)
come on, nippononly, do you think they'll even make it to 2010? Or, maybe the question is, should they(with taxpayer help)even make it to 2010?
#1243 of 1788 Re: Edmunds says give 'em the money [nippononly] by steve_ HOST Nov 17, 2008 (12:42 pm)
Replying to: nippononly (Nov 17, 2008 12:29 pm) Oh geez, I may have to stop posting at Edmunds in protest.   Well you can go to AutoObserver and not comment over there. No use stopping posting in here (you trying to banko GM and some of us hosts both? )
#1244 of 1788 The question is, if we "bail out" the US auto.... by carnaught Nov 17, 2008 (1:13 pm)
.... industry, where will the money go? Some financial gurus say it will go their (especially in the case of GM) retiree's pensions and benefits. They have more on their retirement schedule than active employees. Apparently, considering their salaries and benefits, their employees are making $71/hour. This is not to mention the high salaries and golden parachutes that go to their high executives. Didn't Mulally at Ford Motors get a multi-million signing bonus and package yielding him $28 million in four months earlier this year? Isn't the UAW, for all their good, helping to bank rob these companies? Don't these companies badly need reorganization and then renegotiation?   Do I want our tax dollars going to these companies? I don't know the answers, but help me understand why I should if this is where the dollars will go? Will it just prolong the inevitable? Replies to this message: fezo (Nov 17, 2008 1:34 pm)
#1245 of 1788 Re: The question is, if we "bail out" the US auto.... [carnaught] by fezo Nov 17, 2008 (1:34 pm)
Replying to: carnaught (Nov 17, 2008 1:13 pm) I don't get the "this isn't their fault" idea. OK, it's not their fault that this particular situation came up but it came up for everyone. Toyota's sitting on loads of emergency cash because they planned for riding out a downturn like this. So is Honda. Heck, even Ford and Chrysler aren't screaming that they won't make the end of the year.   Meanwhile, the giant bank bailout money is now lying unspent after we listened to all of that "we have to do it today" talk that led to its passage and now Paulson is saying he'll leave half of it for Obama to figure out.   Screaming "It's an emergency! It's an emergency!" isn't working for me.
#1246 of 1788 Re: Edmunds says give 'em the money [steve_] by circlew Nov 17, 2008 (1:43 pm)
Replying to: steve_ (Nov 17, 2008 11:49 am) Interesting statement but disagree.   Regards, OW Replies to this message: steve_ (Nov 17, 2008 6:52 pm)
#1247 of 1788 Re: General Wesley Clark Jumps In [gagrice] by cooterbfd Nov 17, 2008 (1:57 pm)
Replying to: gagrice (Nov 17, 2008 9:35 am) Not for nothing, but GM doesn't build the military Hummer, AM General does. Now GM does supply the running gear for them. I believe AM General even built the "H1" for GM to sell. GM bought the rights to build the H2 on down.
#1248 of 1788 Re: I should look at the bright side... [gagrice] by cooterbfd Nov 17, 2008 (2:01 pm)
Replying to: gagrice (Nov 17, 2008 10:09 am) "I agree, the LS460 is the ONLY true luxury vehicle in the Lexus line-up. The rest are just fancy Toyota's or poor attempts to dethrone BMW."   I find it amazing that nobody call Toyota on the carpet for that fact. Replies to this message: kdhspyder (Nov 17, 2008 3:34 pm) louiswei (Nov 17, 2008 3:45 pm) Mr_Shiftright (Nov 17, 2008 4:22 pm) and 32 more... cooterbfd (Nov 17, 2008 5:12 pm) and 3 more...
#1249 of 1788 Re: I should look at the bright side... [xrunner2] by cooterbfd Nov 17, 2008 (2:03 pm)
Replying to: xrunner2 (Nov 17, 2008 10:20 am) "My wife, a professional, has not considered American brands in her car buying decisons over the last couple decades"   Hmmmm. Maybe time for a new wife????
#1250 of 1788 Re: General Wesley Clark Jumps In [Mr_Shiftright] by cooterbfd Nov 17, 2008 (2:07 pm)
Replying to: Mr_Shiftright (Nov 17, 2008 10:24 am) ".....What's he saying? That Caterpillar can't make an armored personnel carrier? "   What I would take out of it is that a company like that or AM General may not have the capacity to build what is needed for "WW III". Therefore, we would need the manufacturing capacity that these companies offer. GM may not build aircraft engines, but have the space to convert a plant to build them under licence from a GE or Pratt & Whitney.
#1251 of 1788 Re: Edmunds says give 'em the money [steve_] by louiswei Nov 17, 2008 (3:27 pm)
Replying to: steve_ (Nov 17, 2008 11:49 am) I'll tell you why Edmunds says yes to bailout, it's actually pretty simple as matter of fact...   Big 3 go down = less advertising fee to Edmunds.   From my source Edmunds gets about something like 30 to 50 million dollars a year from GM so go figure...

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