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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: berri (Dec 12, 2008 2:23 pm) According to that high profile gloom and doom study, the bankruptcy of the D3 would cause shutdown of so many suppliers which feed both domestic and foreign automakers, that ALL auto production (foreign and domestic nameplates) would cease for a year in this country. If such a dire thing was legitimate the senators would be racing to back the bailout. This proves that those predictions are wild exaggerations.
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Replying to: tlong (Dec 12, 2008 3:42 pm) Nah, I'd expect some ramifications and delays to the transplants, but nowhere near a year. What will happen is with less competition, car prices will begin climbing up - simple supply and demand, as well as higher vendor costs. People talk about the successful airline bankruptcies and reorganizations. What they don't talk about is the reduced flight schedules and higher prices. A smaller, or lost, D3 will mean less choice and a bigger chunk out of your wallet when you buy. |
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that i read, that at this point they are basically an HMO that also sells cars. they had a huge market share more many years, so they have the most retirees. i think people are ignoring that the automakers did not cause this crisis, they are some big collateral damage. |
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Replying to: lemko (Dec 09, 2008 12:09 pm) Historical trends in the Big Three's market share prove that more and more Americans are not buying the Big Three's products. That would indicate that they are making vehicles that less and less Americans want to buy. In order to fix that problem, they need to make vehicles that Americans want to buy. IE - something different than the status quo. And a good way to do this is to study/imitate successful companies. (Anybody care to hazard a guess as to the chances that GM will do this?) |
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Replying to: joel0622 (Dec 10, 2008 12:31 pm) Since the Big 3 makes such absolutely fantastic vehicles... so fantastic that no other manufacturer worldwide could ever hold a candle to them... we really don't need the bailout at all, right? After all, they make the world's best vehicles... and everyone wants to buy one! Thank you very much for the letter. It clears up that pesky misperception about how the Big 3 has been hemorraging money for the last few years and are now about to go belly-up. 
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Replying to: cooterbfd (Dec 12, 2008 1:45 pm) None of those vehicles initially met US emission and safety standards... but they do now. So what's keeping GM? Heck, even Ford will be bringing out the Fiesta, for pete's sake! |
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At least if the money was blown by Detroit, we'd know where it went...and those handling it couldn't be as cowardly and arrogant as Paulson and Bernanke. It's amusing how politicos that will gladly give endless hundreds of billions to irresponsible banks and to pseudo-nations as "aid" will whine and moan when there's a thought to divert some to their own countrymen...
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Replying to: fintail (Dec 12, 2008 8:32 pm) 
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Replying to: elroy5 (Dec 12, 2008 9:49 pm) Hey, it's a free country! I still vote for pre-pack in any form that will limit the blood shed. This business must be restructured far more than the reported plans put on the table during the Begging Sessions. Regards, OW |
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Eliot Spitzer (yes, that Eliot Spitzer) suggests that the Big 3 compete for bailout funds, with the money going to only 2 winners. (He apparently assumes that all 3 need & want the money.) A Better Bailout Plan |
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Automotive News & Views Do You Favor A Government Loan To The Detroit 3?
