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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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What is this discussion about? Legislation

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#2066 of 3958 Re: D3 and UAW home enjoying the holidays? [explorerx4] by steve_ HOST Jan 06, 2009 (6:20 pm)
Replying to: explorerx4 (Jan 06, 2009 5:13 pm) Just to clarify, my pic is of the existing limo - the new one is still in its camo. Pics are at the Detroit News.   (Thanks OW).   In other news, GM Says it May Not Need Any Additional Loans. Replies to this message: bpizzuti (Jan 07, 2009 3:28 am) dtownfb (Jan 07, 2009 7:20 am)
#2067 of 3958 Re: D3 and UAW home enjoying the holidays? [steve_] by bpizzuti Jan 07, 2009 (3:28 am)
Replying to: steve_ (Jan 06, 2009 6:20 pm) Yeah, sure. I heard Santa and the Easter Bunny left some cash under the tree for them. Chrysler is DEAD, get over it. We'll see what happens with GM, but I expect them to go begging again.
#2068 of 3958 Re: Toyota sales are down 41% !!!!!! [circlew] by gagrice Jan 07, 2009 (5:59 am)
Replying to: circlew (Jan 06, 2009 5:17 pm) I got a different set of figures for VW. Looks like they did better than most.   HERNDON, Va.— Volkswagen of America, Inc. today announced December 2008 sales of 17,577 units, a 14.4 percent decrease over December 2007. Full year sales of 223,128 total units for 2008, was a decrease of 3.2 percent verse 2007 sales.
#2069 of 3958 Re: Toyota sales are down 41% !!!!!! [circlew] by driver100 Jan 07, 2009 (7:10 am)
Replying to: circlew (Jan 06, 2009 5:17 pm) VW of America -    2007 - 427,450 2008 - 452,330    -5.5% year/year   Isn't that an increase? (could be world???)   This is what I just found;HERNDON, Va.— Volkswagen of America, Inc. today announced December 2008 sales of 17,577 units, a 14.4 percent decrease over December 2007. Full year sales of 223,128 total units for 2008, was a decrease of 3.2 percent verse 2007 sales. Replies to this message: gagrice (Jan 07, 2009 7:28 am) dieselone (Jan 07, 2009 7:32 am) circlew (Jan 07, 2009 11:29 am)
#2070 of 3958 Re: D3 and UAW home enjoying the holidays? [steve_] by dtownfb Jan 07, 2009 (7:20 am)
Replying to: steve_ (Jan 06, 2009 6:20 pm) They should clarify this article. it is Ron Gettlefinger that says GM may not need another loan. There is a "source" that is sighted that says this as well but until there is a name for this source...   Don't know how they can even predict this. GM was losing money in 2007 when their sales were 20+% higher. With sales in the tank and even making cuts, I don't see how they can stop the bleeding when their products are not moving off the dealer's lots without massive incentives.
#2071 of 3958 Re: Toyota sales are down 41% !!!!!! [driver100] by gagrice Jan 07, 2009 (7:28 am)
Replying to: driver100 (Jan 07, 2009 7:10 am) Cannot be a world figure. VW is # 4 world wide. They may include Porsche Audi in that figure for NA. Replies to this message: dieselone (Jan 07, 2009 7:32 am)
#2072 of 3958 Re: Toyota sales are down 41% !!!!!! [gagrice] by dieselone Jan 07, 2009 (7:32 am)
Replying to: gagrice (Jan 07, 2009 7:28 am) VW does have a cloned Chrysler minivan and a new jetta sportwagon along with the new jetta tdi in 2008 vs 2007 that might account for the increase. Doubt they're selling many of those vans though.
#2073 of 3958 Re: Toyota sales are down 41% !!!!!! [driver100] by circlew Jan 07, 2009 (11:29 am)
Replying to: driver100 (Jan 07, 2009 7:10 am) Crossed the years. My bad.   Volkswagen of America Inc.   12/07 32,697 12/08 39,864 -18.0% from Dec. 2007   2007 427,450 2008 452,330 -5.5% from 2007   Market Share 12/08 3.6% 12/07 2.9%   YTD 2008 3.2% YTD 2007 2.8%   WSJ   Regards, OW
#2074 of 3958 Re: Toyota sales are down 41% !!!!!! [circlew] by gogogodzilla Jan 07, 2009 (5:57 pm)
Replying to: circlew (Jan 06, 2009 5:17 pm) Considering the economic environment... that's pretty good.
#2075 of 3958 Don't favor a loan to the D3 because............... by euphonium Jan 07, 2009 (7:38 pm)
Shouldn't the consumer, after decades of over-consumption, be allowed to digest the over-indebtedness and save, rather than be encouraged to take risk? Shouldn't companies, no matter what state they reside in from a political point of view, if run poorly, be allowed to fail or forced to restructure? Should taxpayer money be used to make up for the mishaps at financial institutions or should we allow them to wallow in their own mistakes? Shouldn't free markets be free? When did Socialism make its way to our shores? How do we choose who is bailed out and who loses? Shouldn't we place blame on the politicians, bureaucrats and other "decision makers" and put skilled people in place that know how to run the businesses? Shouldn't investors, led blindly down the primrose path of "buy and hold, diversify and don't open your brokerage statement except once every 10 years" be allowed to follow the Prudent Man Rule?

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