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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 08, 2008 9:12 am) The Jeep name along with the Wrangler The Ram business but it's shrinking along with all other trucks The minvans but those are shrinking also It also has some rights via Daimler to the 2-Mode hybrid system but nothing of interest to put into use. Luckily for future buyers ( and this is actually part of Chrysler's problem ) none of these are compatible. The Wrangler underpinings are different than the Ram which is entirely different from the minivans. Mahindra Jeeps? Chinese Minivans? Renault-Nissan Rams? |
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Replying to: bpizzuti (Dec 08, 2008 9:53 am) None of them do, that's the way GM works GM was really stupid here - it used to be that all the small Saturns were built at Spring Hill, TN, the dedicated Saturn plant. THAT would have been an asset they could have sold now if they had continued that arrangement, but these days Spring Hill makes something else, and I guess some the Astras come from Europe? |
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Replying to: gagrice (Dec 06, 2008 4:08 pm) How long would you & I & everyone I know that works for a living last with this kind of dismal performance?
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Replying to: bobgwtw (Dec 08, 2008 2:26 pm) Regards, OW |
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Replying to: anythngbutgm (Dec 08, 2008 11:02 am) Oh, so they're going to start using that same 50-grit sandpaper that we gov't contractors have had to put up with since the dawn of time. 
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Replying to: andre1969 (Dec 08, 2008 2:38 pm) What is funny is I remember the Operators at RCA Alascom filing a grievance over TOO COURSE TOILET PAPER. And the company got samples and started buying the one the girls voted for. RCA sold out before they needed to be bailed out. I don't think Congress is real happy giving money to a losing cause like the automakers. At the Capitol, Senate Majority Leader Harry Reid, D-Nev., said, "While we take no satisfaction in loaning taxpayer money to these companies, we know it must be done." He added, "This is no blank check or blind hope."
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"A bankruptcy filing by General Motors and Chrysler would cost U.S. taxpayers four times more than the amount of federal bridge loans being considered this week by Congress, a new study finds." Automakers' Bankruptcy Would Cost Taxpayers Four Times More Than Bailout, Study Finds (AutoObserver) Kernick notes on the GM News discussion that Anderson, the study author, is based in Michigan and their largest clients are the Big 3. |
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Replying to: gagrice (Dec 08, 2008 4:49 pm) Many taxpayers would say, "While we take no satisfaction in giving taxpayer money to these Congressmen, we know it must be done." Too bad we can't add in order to limit Congress, "This is no blank check or blind hope." |
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Replying to: steve_ (Dec 08, 2008 5:01 pm) It just looks to me like the guy losing his job at a dealership in CA or NY will not get any benefit from a bailout. In essence the bailout is supposed to kill off more jobs at the periphery of the auto kingdom. And the money will all go to the core group in Detroit. The very people that caused the demise of the US auto industry to start with.
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