Ask the Car People.SM


Do You Favor A Government Loan To The Detroit 3? - READ ONLY

4024 messages,  Last post on Dec 22, 2012 at 8:06 PM

You are in the Automotive News & Views-Archives Forum.

What is this discussion about? Legislation

Messages Page 403 of 403

#4014 of 4024 Re: Just some things to think about. [andre1969] by pf_flyer HOST

Feb 17, 2012 (5:54 pm)

Replying to: andre1969 (Feb 17, 2012 3:56 pm)
I'm at 48 ...all continental. We did 4 cross country camping trips in addition to all sorts of road trips when I was a kid!
 
We always wanted to drive the Alcan to Alaska...

#4015 of 4024 Re: Just some things to think about. [pf_flyer] by steve_ HOST

Feb 17, 2012 (5:58 pm)

Replying to: pf_flyer (Feb 17, 2012 5:54 pm)
I've turned down 4 or 5 trips just in the last couple of years. Friends who are hauling something up or down; great trip, but not as much fun when you drive it straight through.
 
Isn't if fun what we get to do since the government didn't let the Detroit 3 fail?

#4016 of 4024 "tremendous growth coming in the near-term" by steve_ HOST

Feb 27, 2012 (7:21 am)

"Detroit— Auto sales are growing so fast that Detroit can barely keep up.
 
Three years after the U.S. auto industry nearly collapsed, sales of cars and trucks are surging. Sales could exceed 14 million this year, above last year's 12.8 million."
 
Detroit automakers race to keep up with sales (detroitnews.com)

#4017 of 4024 Re: "tremendous growth coming in the near-term" [steve_] by kernick

Feb 27, 2012 (8:29 am)

Replying to: steve_ (Feb 27, 2012 7:21 am)
Hmmm ... we'll see. The economy is still short 6M jobs; and the new jobs that have been created aren't really the type that you would buy new cars.
 
http://www.marketwatch.com/story/us-job-quality-is-in-trouble-2012-02-27?link=MW- _home_latest_news
 
Throw in that we're supporting the economy with payroll tax cuts and extended unemployment benefits that add to the careening federal debt, and I don't see many facts supporting that sort of optimism.
 
That is best case. Worst case is a great natural disaster hits - like a BIG earthquake in CA, or N. Korea or Israel or Iran get itchy trigger fingers.

#4018 of 4024 Re: "tremendous growth coming in the near-term" [kernick] by steve_ HOST

Feb 27, 2012 (9:41 am)

Replying to: kernick (Feb 27, 2012 8:29 am)
It has been fun reading the Detroit paper more lately. They are almost always high on the auto industry.

#4019 of 4024 Holden looking for Bailout too by anythngbutgm

Feb 27, 2012 (12:43 pm)

Holden needs $300 Million Taxpayer money

#4020 of 4024 EU Bailout talk by steve_ HOST

Oct 17, 2012 (8:27 pm)

The arguments sound pretty familiar.
 
"The idea that a U.S. style bailout is in the cards doesn't impress Flanders Automotive Research's Heylen. He thinks the European authorities don't see the need for financial assistance to reform the car industry, unlike banks, which needed help to stop a contagious collapse which would undermine economies. A car manufacturer failure would be a plus, not a negative.
 
vs
 
"Look at the financial straits that GM was in or Chrysler in particular. It looked like sending good money after bad at first, but look at them today. There seemed to be no chance that Chrysler could be saved with all the money in the world, but it has been turned around in the most remarkable way and is now bailing out Fiat. Any European politicians looking at this would be fools to not to follow the same example," Schmidt said.
 
Chaotic European market spurs Opel-Peugeot merger talk (Detroit News)

#4021 of 4024 Feds cutting their losses on GM by gagrice

Dec 19, 2012 (9:22 pm)

We will officially start losing 50% of our investment in GM by the end of the year.
 
Uncle Sam Books 50% Loss As Government Motors Buys Back 200MM Shares From Tim Geithner
 
http://www.zerohedge.com/news/2012-12-19/gm-buys-back-200mm-shares-us-government- -uncle-sam-divest-remaining-stake-50-loss
 
The Detroit automaker said it will purchase 200 million shares of GM stock held by Treasury for $5.5 billion — or $27.50 per share
 
Still, taxpayers will almost certainly lose billions of dollars in the $49.5 billion GM bailout - and the government would need to sell its remaining shares for about $70 each to break even.

#4022 of 4024 be like Buffett? by steve_ HOST

Dec 21, 2012 (6:03 am)

"As told in "Overhaul," Rattner's book about the bailouts, it was Wilson who concluded that GM's obligation to the U.S. Treasury would have to be "equitized" -- in the form of stock rather than loans -- or else GM would sink under the burden of too much debt.
 
"I thought GM was dirt cheap a year ago and the stock is up 38% since then, and I still think it's attractive," he wrote."
 
Architect of GM bankruptcy says stock is undervalued (Detroit Free Press)

#4023 of 4024 Re: be like Buffett? [steve_] by berri

Dec 21, 2012 (7:05 pm)

Replying to: steve_ (Dec 21, 2012 6:03 am)
Since I think the gov doesn't directly loan, but rather guarantees the loan, it may have ridden on what interest rates the lenders would have required. Remember, a lot of banks were in a crisis back then too and liquidity dried up.

Messages Page 403 of 403

Advertisement

Browse by Category

Browse by Vehicle
   View All Vehicles

Browse by Board
Browse by Topic
View All Topics

Edmunds Community

Advertisement