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10244 messages, Last post on Mar 21, 2010 at 10:45 AM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: 62vetteefp (Dec 03, 2008 10:24 am) |
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Replying to: 62vetteefp (Dec 03, 2008 10:25 am) That's a huge stretch. 
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I wonder if a bailout (if it occurs) will cause more sales for the D3, or fewer? Other than those in the midwest, it appears that on many sites the sentiment is running pretty against a bailout. I wonder how much consumer resentment might further deplete the sales of the (temporarily) bailed out D3? The general public is NOT happy about their tax dollars bailing all these companies at a time when they are suffering as well. |
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Replying to: plekto (Dec 02, 2008 11:10 pm) |
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Replying to: circlew (Dec 02, 2008 1:31 pm) Does welfare, food stamps and college financial aid have to be repaid? No, and you don't need a plan to be a sucess either. Why not? But Lets hold the providers of 2 million jobs to a much much higher standard. 25 billion in a 14 trillion dollar economy is one sixth of one percent of one year. That could never ever be overcome by our lousy country. Thats $100 out of $60,000. That would destroy me If I had to loan $100 and was making $60,000 a year.  Lets make a new law that any company less financially successful that Honda be dismantled, then maybe we could all be colonized. |
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Replying to: dave8697 (Dec 03, 2008 5:10 pm) Does welfare, food stamps and college financial aid have to be repaid? No, and you don't need a plan to be a sucess either. Why not? Welfare families aren't trying to save their beleaguered manufacturing concern. They are trying to provide the three basics - food, clothing, and a roof over their heads - for themselves. Let's not confuse family welfare with corporate welfare, OK? VERY different animals....
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In fact, Ford said Tuesday it won't even need help unless the economic crisis worsens or one of its major competitors collapses into bankruptcy. But the company is still shooting for access to $9 billion in loans as it targets a return to profitability in 2011. Essentially, Ford provided further details on the direction it has been heading for years now. The path to profits will include ramping up electric car offerings, possibly selling off the Volvo brand, shedding dealerships, and closing more manufacturing plants. But there's more to it than that, according to Wall Street Strategies analyst David Silver, who said Ford's approach is "arrogance, just plain and simple" and questioned the automaker's ability to pay down its debt load. "The company mortgaged every asset it owned during 2006 and is selling off brands left and right," he said. "Ford has more cash on hand, but they have burnt through more cash than GM through the first three quarters of the year. It would be refreshing to see management take a worst case scenario approach instead of always being overly positive."
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Replying to: nippononly (Dec 03, 2008 5:33 pm) Actually some are trying to use the system so they can get extra money besides their incomes. Some are trying to get money so they don't have to work to support the lifestyle they have chosen. Some are in trouble and deserve help and work to help themselves. Some are physically unable because of real health difficulties. Some make bad decisions and then feel the consequences are not their fault so they deserve income others have earned just because, well, just because they feel they deserve other people's money. In far too many cases around here the goal is to get extra money from someone else's work; income redistribution.
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http://www.autoextremist.com/ Link may be out of date but look for Dec 3, 2008. FYI Delorenzo is not exactly a GM supporter. The point is that the powers that be in Washington, D.C., are just waking up to the fact that the U.S. automobile business is so ingrained and intertwined with the nation’s economy on the local and state levels that a collapse of the Detroit automakers would be a cataclysmic event that would send this nation - already teetering from a deep recession - into a full-on depression. And to pretend otherwise is just pure folly at this juncture. This week, our lawmakers in Washington will be getting a double-shot of reality about the Detroit they were so quick to scoff at and criticize a couple of weeks ago. The fact that they spewed hoary stereotypes about the Detroit that existed more than a decade ago was painful to listen to and even more painful to watch. But this time they will be introduced to the real American automobile companies. American automobile companies that have been doing the heavy lifting and fundamental restructuring needed since 2000. American automobile companies that are now on the cutting edge of advanced technological developments in fuel efficiency, safety and environmental responsibility. American automobile companies that are building an impressive array of class-leading vehicles in all segments, with more on the way with each passing quarter.
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In its plan to Congress released yesterday, GM mentioned a number of initiatives to boost fuel efficiency. Many of the plans are ones we’ve known about in some way for a long time, including the introduction of the Chevy Volt plug-in hybrid, plus more traditional hybrids. However, there was a little bit of news to find. Here’s one nugget we had to highlight: “The Plan includes introducing this market’s smallest four-passenger vehicle, achieving higher fuel economy than the two-passenger Smart ForTwo, the most fuel-efficient non-hybrid vehicle in the U.S. market today.” Say what? The Smart ForTwo gets 33/41 mpg and fits only two people. Could this be a production version of the Chevy Beat, which the company has been aloof about confirming? The downside is that the blurb’s only time frame for producing this car was within a four-year plan to become more fuel-efficient. Would a 2013 Chevy Beat be a game-changer?
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