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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: bpizzuti (Jan 14, 2009 5:50 am) --THEN, to export those jobs to where they could exploit the poor-usually in some third world country-where they ALSO got to "help" write enviormental policy,and labor laws,all to "maximise profits",,then still ask 40.000 for a car that won't go 100.000 miles and still be a car,while europe has been doing it for generations.. the thing that gets me,is where they tell people to put that 5w20 oil in their cars-KNOWING a motor will sieze a main bearing with that thin crap in it..rember 3-in-one oil?..that was a 10 weight oil..so,would YOU expect protection from a oil too thin to lubricate a sewing machine??..and the hundreds of cars i see for sale on craigs,where-it's a nice car,only needs a motor !!they call it "planned obsolesence",where parts only last for about 100.00,then,are designed to break,so you get tired of fixing that old,dirty,dented car for a NEW one,and they make money!!!
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Very, very soon, GM and C will need more dough DESPITE the GM claim that they MIGHT not need more bailout help. FORD will be on line as well! Anyone need to dispute this?? Come on, Do you fell lucky...PUNK? Did anyone really think the internal forecasting capability in the D3 are any better than the IDIOTS in the Banking/Finance community, let alone CONGRESS? OK, I'm good now after I got that off my chest. Now, on to paying my taxes... Regards, OW |
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Replying to: circlew (Jan 14, 2009 3:50 pm) I call your bluff Harry. No bullets in your gun. Back it up w/ something. I've got nothing to lose, lying here on the ground staring down the barrel of an UNLOADED .45
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Replying to: cooterbfd (Jan 14, 2009 4:12 pm) Wrong again. It was a .44 magnum the most powerful handgun on the planet. At least when Dirty Harry was saying it. Just like the UAW, he was a throw back to a different time. Walking around carrying protest signs is SO EU or MIDDLE EASTERN.  This is America where we just get it done.
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Replying to: cooterbfd (Jan 14, 2009 4:12 pm) At the North American International Auto Show in Detroit on Monday, Ford Chief Executive Officer Alan Mulally predicted that U.S. vehicle sales "will gradually start to come back in the second half" of the year. Confidently declaring that "we will not see the worst case" scenario for industry sales, Mr. Mulally nonetheless acknowledged in a Bloomberg Television interview that Ford "would definitely need to think about recapitalizing" if total industry deliveries slumped to 10 million. That level approximates the U.S. annual sales rate in the fourth quarter. "The long and short of the situation is that it is unlikely to improve anytime soon," consulting firm IHS Global Insight, based in Lexington, Mass., said in a research report last week. "A predicted sales rate of 10.1 to 10.3 million units in 2009 would be disastrous, meeting or even [falling] below the 'worst-case scenarios' presented by the Detroit Three automakers to the U.S. Congress late last year." The latest projection of IHS Global Insight, which has been making economic forecasts for more than 40 years, calls for American consumers to buy between 10 million and 10.5 million vehicles this year. If sales were to fall that far, Ford told Congress in December that it would likely need federal loans of as much as $13 billion to sustain all its operations. If Ford goes for $13B, GM and C would be OK????? Regards, OW |
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Replying to: loosenut (Jan 14, 2009 1:45 pm) my explorer has almost 90k on it. do i have another week? or a month? how long?
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Replying to: explorerx4 (Jan 14, 2009 6:58 pm) So you probably don't have anything to worry about for at least another ten days or so.  
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Replying to: driver100 (Jan 13, 2009 4:15 am) mine are < 1 year, 5 years, 6.5 years and 18.5 years. i realize not everyone has the same priorities regarding the vehicles they buy. mine are different that yours. doesn't make either one better or worse. i am in favor of the government assistance for the automakers since it will at least create a softer landing for the general economy as it relates to auto industry contraction due to lower sales. |
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Replying to: steve_ (Jan 14, 2009 7:02 pm) 
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Replying to: steve_ (Jan 14, 2009 7:02 pm) PS Have we given GM any cash or are we waiting for the Chinese to print more money for US?
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