Edmunds.com | Inside Line | Auto Observer Your Account | Help | Directory
You are here:
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
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
|
Replying to: obyone (Dec 05, 2008 7:33 am) Completely different subject...the Iraq War has little, if anything, to do with our present economic mess.
|
|
|
Replying to: kdhspyder (Dec 05, 2008 7:56 am) Again, the roots of this stretch back 15 or so years ago, or before Gramm-Leach-Bliley was signed into law...and a fair amount of it was caused by government MEDDLING in various markets, not deregulation. |
|
|
Replying to: grbeck (Dec 05, 2008 7:16 am) this mess is the responsibility of everyone, Repub., Dem., Ind., EVERYONE! manage your assets properly, and you wont have to worry about it ever again! |
|
|
Hearings are continuing with the Big 3 and Gettelfinger. One comment of note: "GMAC is applying to be banking holding company and if successful will be eligible for money under the TARP." Skepticism colors auto hearing (Detroit Free Press) |
|
|
Replying to: grbeck (Dec 05, 2008 8:34 am) Totally agree! Whether to give a Loan to the Big3 comes down to 1 thing. Will the taxpayer be making a good investment such that they get their $ back with interest. It needs to stand on its own merits. Ford and GM (Chrysler shouldn't even be included because they can get $ from their "parent" Cerberus), need to convince Congress 1) this $ is enough and 2) they can repay the loans. Did anyone see the GM Plan, and any mention when they would start repaying the loan? Or the interest rate? If you or I get a mortgage loan or mortgage when do you have to start paying it back? When would GM start paying back the loan, what are the terms? |
|
|
How about survival of the fittest? I thought the airline bailout was wrong. Stock market, wrong. Can I go crying to congress to have them pay my house off? Pay my credit card bill? Gas? Electric? All I can say is this........the Corrupt Educated???????? Officers who FLEW to DC to beg for cash instead of driving there and showing what a good product they have.........if, and I really hope they DO NOT get one penny, if they do, a dollar a year salary is nice.....KICK EM ALL OUT. Run your company into the ground..........heres a truckload of money, thanks. That makes sense? Oh, they went to college.........college of.......stupidity? |
|
|
It is interesting to see how and how fast other manufacturers are cutting costs, evn BEFORE they start losing money. How many years did the Big3 lose money before this economic storm? http://www.usatoday.com/money/autos/2008-12-05-honda_N.htm I'm sure Honda has many billions put away to ride out this storm. But Japanese industry is designed to be more flexible, to build only the numbers and types of products that are being sold. Customers PULL product, instead of the manufacturers pushing product. organizations need to be able to change amounts and types of products quickly, and adjust costs quickly when revenues drop.
|
|
|
Replying to: kernick (Dec 05, 2008 10:06 am) "Honda is looking to cut costs by $216 million. Honda also has eliminated workers and reduced production to cut costs. The cost cuts come on the heels of Honda slashing its forecast for earnings by 13 percent to its lowest profit level in eight years. Its stock has dropped 56 percent this year, setting Honda up for its worst annual performance since at least 1975. Honda reported U.S. sales dropped 32 percent in November, the biggest decline since 1981."
|
|
|
Replying to: steve_ (Dec 05, 2008 10:12 am)  And if that didn't work they hired another advertising agency to come up with a "We are car" Pontiac advertising campaign, and such. GM acted like a drunken sailor, spending every penny of their paycheck in the bar, and now realize they can't pay the rent or buy food for the next month. It seems like Honda with 33 years of profits, and cutting costs now, will survive w/o bailouts. And if GM folds, those factories and workers along with all the other manufacturers will makeup the slack. |
|
|
Let no one doubt that the lobbiesest from foreign auto makers have not done a great job of getting their auto makers to have Congress refuse these loans! All of you foreign car owners THANKS A LOT FOR YOUR LOYALTY to the UNITED STATES. Enjoy your Chevy with that China made engine! Foreign auto buyers enjoy the coming DEPRESSION. Maybe if you like these foreign autos so much you might consider moving there! can you tell I am really upset? Can you tell that I am LOYAL to the USA? farout
|
|
You are here:
Forums
Automotive News & Views Do You Favor A Government Loan To The Detroit 3?
New? Join Now!
Forum Tools
Search Forums
Browse by Vehicle
Browse by Board
Browse by Topic
Today's Chats
