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Automotive News & Views Do You Favor A Government Loan To The Detroit 3?
3958 messages, Last post on Oct 02, 2009 at 4:52 PM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: gagrice (Dec 02, 2008 4:25 pm) It's a done deal as far as she's concerned. Trouble is, bailout or Bankruptcy, the $$$$ are only beginning to flow. Regards, OW
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Replying to: anythngbutgm (Dec 02, 2008 4:57 am) The Taurus started out as a good car. It was actually the best selling midsize in the very early 90's. Then Ford sat on that car for the next 10 years, making only marginal improvements. Early Taurus buyers did't want to trade their 5 old Taurus in on a new Taurus, because it was basically the same car. Who wants to buy a brand new car, that looks almost exactly like the 5 year old car they already have. All the while Accords and Camrys were getting bigger and better every 4 or 5 years. Ford basically told midsize buyers they didn't care. Finally they use a Japanese brand chassis (Mazda6) and stretch it, to make the Fusion. The Taurus, by that time, was Rental Fleet only, and the current Taurus was still called the Ford Fivehundred. Now Ford decides to use the Taurus name on that full size car to make sure it has absolutely no resemblance to the previous Taurus. Basically all this name switching was done to cover their tracks after they ruined the Taurus name as a midsize. And they haven't learned anything, because they are doing the same thing to the Ranger as we type. Now Ford will have to kill the Ranger name. |
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Replying to: dave8697 (Dec 02, 2008 1:46 pm) You don't know there are many powerful 4cyl. turbos on the road? With $3K in aftermarket parts - like a larger turbo, these cars are making 450hp. Since you might need help, not promoting it, I suggest going to ATP Turbos. |
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Replying to: lemko (Dec 02, 2008 6:07 am) The current Taurus is the old Fivehundred, which is a "Full Size". Yeah, right! The Tundra and Titan were serious efforts. The Tundra is an "almost full-size" truck with an interior straight out of a 1970 Dodge and the Titan is so flimsy I could tear its interior apart with my bare hands. I bet you would have said the same thing about the Tacoma 5 years ago too. It now kicks the Ranger's but in every conceivable way. Just keep doubting Toyota. That's what GM and Ford did, and look what happened. The big 3 are now Toyota, Honda, and Nissan. One day you'll have to face those facts. First, they took the small car market, then the midsize car market, now the small truck market. Full size trucks are all Detroit has left. It too, will fall in time.
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Replying to: gagrice (Dec 02, 2008 4:20 pm) That's where the new agreement comes in. It shifts the legacy costs onto the union's back with the VEBA, virtually eliminating this amount. Of course, this doesn't take effect until 1/1/10. Now, with the union willing to sit down, does this now take effect 1/1/09??? As far as Pontiac being a niche brand, I wonder if they mean just keeping the Solstice, G6 convertible, and a retro Firebird/ Trans-Am. Do stay tuned......
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Replying to: cooterbfd (Dec 02, 2008 5:19 pm) I wonder if they'd put the G8 in another lineup of they are thinking of that in the niche?
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Replying to: circlew (Dec 02, 2008 4:38 pm) I think GM could go in with a "preapproved" bankruptcy and get it done in less than a year, but it would be difficult. Lots of Chapter 11's drag out for several years. It's been 3 years for Delphi. Of course, if GM goes banko, Delphi will liquidate. Bloomberg |
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What happened to $25B?? Humbled and fighting for survival, Detroit's once-mighty automakers appealed to Congress with a retooled case for a bailout as large as $34 billion Tuesday, pledging to slash workers, car lines and executive pay in return for a federal lifeline. GM and Chrysler said they needed an immediate cash infusion to last 'til New Year's, and warned they could drag the entire industry down if they fail. Well, we can't let that happen. Bring it to and even $50B...that should do it until January 20th. I'll make a call now so consider it done!  Regards, OW |
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Replying to: cooterbfd (Dec 02, 2008 5:19 pm) Yes I remember that part of the UAW contract. Question is, where will GM get the $11 billion to give the UAW? I believe that was only for health care. Not sure if the retirement is fully funded and not available. Or is that part of the $66 billion that GM owes? I would think all these little billion dollar details would be in their proposal.
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Replying to: fezo (Dec 02, 2008 5:29 pm) Regards, OW |
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