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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
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Replying to: farout (Dec 05, 2008 11:00 am) Oh, you mean the Equinox? |
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Replying to: farout (Dec 05, 2008 11:00 am) In my life, my wife and I had bought 2 new Ford Escorts, a '94 Chevy Corsica, a '96 Subaru Impreza, a '98 Camaro (V-6), traded that on an '01 Pontiac Firebird (V-8), have a '00 Silverado, and recently bought a Mazda (partial Ford ownership). I bought mostly USA, and I still would, but GM, Ford, and Chrysler must be replaced if they can't manage themselves. They are corporations; they are not the U.S. Let GE, Walmart, McDonald's, or Berkshire Hathaway or someone else come in and make autos. If GM, Ford, or Chrysler liquidate certainly someone will buy the parts worth keeping. In fact I'll make an offer right now to GM to get them some cash. $100,000 for the Bowling Green plant and the rights to the Corvette name.  I'd hire back any of the workers who want to come to work, and I'll buy my parts from suppliers in the U.S.
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Replying to: farout (Dec 05, 2008 11:00 am) No, but I can tell that you're confusing loyalty to America with loyalty to 3 corporations. I'm not here to serve GM, Ford or Chrysler. Rather, they're here to serve me. If they offer me products that I like at prices that I'm willing to pay, I'll reward them with my dollars. If they can't do this, I'll take my business elsewhere. This isn't a 2-way street. They must please me. I'm the customer, & as my late father, a businessman himself, taught me, the customer is always right. It's that simple. If I don't want to buy what you're selling, it's your fault - not mine. Maybe there's something wrong with your product, or maybe you're asking too much money for it. Fix the problem. Don't whine about "loyalty". That's un-American. Blind loyalty to corporations is the first step to socialism.
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Replying to: jimbres (Dec 05, 2008 12:23 pm) And one of the other benefits overlooked about trade between nations is it brings a better chance of peace, than war. Why? Well it's very few people that want to kill their customers! If I'm the head of China, I'm certainly not going to start a war with the U.S. for the simple fact that my economy would probably collapse and bring about social upheaval. On the other hand, what makes countries dangerous like N. Korea is that they are isolated, and don't have much to lose. The calculation of gain vs. loss, tips to war when there is not much at stake to lose. You know another good idea the Big3 could do if they don't get those loans. Maybe they can ask any workers and pensioners to give back the profit-sharing, and bonuses they received during years when they lost money. Aren't there hundreds of thousnads of employees who received a minimum of $1,000/year for a number of years, while the company lost $. Someone have the numbers and want to do the math, as to how much this would be? Why should we give to the Big3 when the employees helped themselves to the treasury for years when losing money? Why should we give to Chrysler when Cerberus could fund them?
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Replying to: farout (Dec 05, 2008 11:00 am) You are absolutely right! I would never buy that Ford or GM made in Canada or Mexico, I'm driving an Acura made in the USA!
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Replying to: kernick (Dec 05, 2008 1:21 pm) That's the biggest question I have. Chrysler is a privately held company, not a publicly traded one. If Cerberus thought Chrysler was worth funding, they'd do it themselves. We, and our Congress, should be asking why Cerberus ISN'T, and since they're not, why should we?
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Replying to: bpizzuti (Dec 05, 2008 2:12 pm) "If we were denied the funds, it certainly would push us in that direction and possibly, even worse, to liquidation," Nardelli replied. "There's a million people, in our calculation, counting on Chrysler, point one, that certainly would be unemployed, and therefore run the risk of not being able to pay their mortgage." Yahoo "The Wall Street Journal speculates that Chrysler's move suggests the automaker is preparing for imminent financial failure should its efforts to persuade Congress to deliver federal rescue funds fall short." Chrysler Hires a Bankruptcy Firm, Report Says (AutoObserver) "the afternoon session consisted of an impressive panel of experts -- three of them financial wizards. Their conclusion was the the fall of Detroit's automakers would have a disastrous effect on the already devastated U.S. economy." Saving Detroit Three Is in the Country's National Interest, Experts Agree (AutoObserver)
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Replying to: bpizzuti (Dec 05, 2008 5:43 am) I may be mistaken, but the Mazda3 platform is shared by volvo S40 and the european ford focus. I think I am not....here you go "The Mazda3 platform (C1) has also given rise to several vehicles, including two Mazda3 variants (sedan and five-door), the European Ford Focus, the Volvo S40 sedan, Volvo V50 wagon, and the Mazda5 six-passenger compact minivan. Is the CX-7 another use of the Mazda3 platform? Partially." Also "The Mazda6 platform (CD3) has to be one of the most promiscuous of all in recent automotive history, spawning not only variants of its own (wagon, five-door, Speed6), but also an array of Ford Motor products (Fusion, Milan, Zephyr, Edge, etc.). Is the CX-7 another use of the Mazda6 platform? Partially." http://www.autofieldguide.com/articles/060606.html
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Replying to: tlong (Dec 05, 2008 2:09 pm)
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Replying to: kernick (Dec 05, 2008 1:21 pm) Good point. I'm old enough to remember when most Americans saw "Red China" as our probable World War III enemy. Would we run out of nukes before they ran out of soldiers? That's what we worried about in the early 1960s. Today, we worry about how deeply indebted we are to them. I'm not happy about that, but I'll take today's worries over yesterday's. |
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