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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: hpmctorque (Sep 09, 2008 5:41 pm)
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Replying to: alpine1 (Sep 10, 2008 2:37 pm) 
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Replying to: hpmctorque (Sep 10, 2008 1:41 pm) Of course that's the question. So we have to look and decide if they have a viable business plan going forward, so that our massive loan to them might enable them to stay in business and prosper in the future. Does Chrysler? No, in fact they are so clueless we ought to pay to have them disbanded. Does Ford? No. Does GM? Maybe. The plan may be good enough, but it may also already be too late, loans or no loans. And the corporate culture over there is still a major obstacle to their future success, good plan or no good plan. It's a bad waste of our money. Footnote: the Iraq War? I could and did identify that as a tragic mistake before we ever began it. The domestics' lack of any viable cars for the last 25 years? I could and did identify that mistake way back when as well, as did many many MANY others. Hindsight has nothing to do with this.
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Replying to: hpmctorque (Sep 10, 2008 1:41 pm) That is an excellent idea. GM and Ford have great small PU trucks with diesel engines that get 40+ MPG. They are sold every where but here and maybe Japan. They are kept out by old tariff agreements and repressive regulations. The Feds could probably do more to invigorate the Domestic auto makers by relaxing strict regulations, than by throwing money at them. I would also add that any strike against the Big 3 would stop the flow of Federal funds. And make the loans due and payable. The UAW sees a big influx of cash and think that it is theirs for the taking should end the deal right there. Dumping 100s of millions of dollars into GM while the UAW is on strike would be a big waste of tax dollars.
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Replying to: nippononly (Sep 10, 2008 5:16 pm) Can the domestics build a competitive car that will compete with a Civic or Corolla in the USA with UAW labor? Do any of them have a small car built here in the USA that is competitive. If the answer is NO, why loan them money? The only reason for the loans is to save American jobs. If there is no way the Big 3 can be competitive with UAW labor, why bother saving them. If the money goes to build cars in Canada, Mexico or Korea I find that sad. Let those countries subsidize their own workers.
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Replying to: gagrice (Sep 11, 2008 5:32 am) Personally I wouldn't mind if safety standards were relaxed because there's too many people on the road who don't realize how easily they can be hurt if they don't pay full attention to driving.
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Replying to: andys120 (Sep 11, 2008 5:44 am) European emissions standards are different. They allow more particulate emissions than the U.S. does (hence, the popularity of diesels in Europe). If Detroit starts talking about being allowed to import models that meet Brazilian or Mexican standards (as GM and Ford have plants there), I would be worried and oppose that. |
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Replying to: gagrice (Sep 11, 2008 5:40 am) The latest contract is supposed to wipe out this cost disadvantage (especially with the union taking over health care benefits). |
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| I believe the Focus is competitive. You may not consider it the best-in-class, but overall it's competitive, despite the fact that the platform dates back to the '00 model. The Cobalt is less competitive than the Focus. The Dodge Caliber is a decent car (I've rented two), but needs refinement to be fully competitive. | |
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To answer the question posed by the title of this Forum: There are not any synonyms for the word NO which are strong enough for me to use which would adequately describe my opposition to loaning them the money. They made BAD AWFUL TERRIBLE business decisions, and they should be allowed to suffer the consequences of their own actions. |
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Automotive News & Views Do You Favor A Government Loan To The Detroit 3?
