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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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"____________ praised President Obama's automotive task force, saying the dialogue between automakers and the federal government has been invaluable and unprecedented. This is the first time, he noted, U.S. automakers have had government support like other countries provide, such as China's automotive minister and Japan's Ministry of International Trade and Industry. He recommended -- and predicted -- that some such entity will be made permanent." Spoiler in AutoObserver |
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Replying to: steve_ (May 29, 2009 8:47 am) I wonder if the praise might be because GM is in the role of supplicant and the task force has the money strings for Obama? But the article goes on: " CTS coupe stopped task force members in their tracks..." "The government will want to see us make the kind of cars Americans want to buy," Lutz said. Of course the little cars will be for the rest of us little people to buy--not CTSs. "Lutz threw out a couple of telling numbers -- $103 billion spent over the past 15 years on health care and pension costs. GM's foreign competitors benefit from health-care programs provided by the government instead of industry. And, Lutz noted, GM now has 10 retired workers collecting health care and pension to every one active worker." And we're back to the major problem that the foreign companies haven't had to work around, for one thing.
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Replying to: ruking1 (May 18, 2009 12:39 pm) |
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Replying to: steve_ (May 29, 2009 8:47 am)
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Replying to: berri (May 29, 2009 4:25 pm) Seems prudent in their case to diversify. I'm thinking some stock in the New GM could be an ok buy. We may have to relight the Are car stocks driving you out of the market? discussion. |
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Replying to: imidazol97 (May 29, 2009 9:22 am) As a Teamster, when cuts in wages were necessary. We all got the same deal. It makes for a much more pleasant workplace. When everyone shares in the sacrifice. The UAW is probably the poorest excuse for a Union I have ever witnessed in my life. It is no surprise they have lost a million jobs for their members over the last 20 years. The Teamsters added 80,000 new members last year alone. How many did the UAW lose due to poor leadership? |
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Replying to: berri (May 29, 2009 4:25 pm) You can't count the AIG bailout. AIG holds the Pension fund for Congress. No amount of money is too much for those greedy you know what's to spend protecting themselves. I wonder how much of the Bond money tied up in GM and C is insured by AIG and our tax dollars. |
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your comment above just reminded me of the role Jon Voight played in the movie 'Enemy of the State.' It's all about the votes and those votes leading them to more money for themselves. The oldtimers in the UAW are no different. Pathetic. Wonder how many of them wanted to build a good small car for the masses? Even cared enough to? Tell me the Detroit 3 have thought about smaller cars. Cobalt? Caliber? Sheesh!
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Replying to: iluvmysephia1 (May 30, 2009 3:43 am) Exactly...if they were always pissed off at management and expending energy to "GET", We got the cars they were working on when those thoughts permeated the assembly lines! Well, it shows and now we can "see" the ultimate result. Nice going, guys and gals! Regards, OW |
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Title: goverment takeover Review: although i have bought a dodge aspen, a chrysler la baron convertible. a dodge ram truck , 2 caravans that between them i drove 569,000 miles , plus my daughter bought a grand caravan and a labaron convertible ..all from Gary Miller dodge in Erie, Pa ..and were satisfied with the service, the purchases, and the total attitude at this dealership, i shall never ever again buy a gm or a dodge/chrysler product due to what obama and congress and the unions involved did to the legal shareholders that were fianancially raped and the dealerships that were closed and then had to sit back with their losses while the same dealerships were resold. Other than voting against the politicans ..and since they are all crooks it doesnt matter who i vote for...this is my only way of fighting back... Cons: took over by obama and the unions |
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