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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
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Replying to: fezo (Nov 20, 2008 10:33 am) Alcoholism isn't cured by giving the drunk a drink. Bailing anybody is being an enabler. |
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I think if they don't put REAL strict limits on how the money is used, changes we need to see, etc., then we need to remind the politicos of one thing... The 2010 elections I think people are angry enough that this time it's not going to be an idle threat against Congress. Do the job WE want you to do or you'll be looking for a real job 
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Replying to: euphonium (Nov 20, 2008 9:02 am) |
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Replying to: jpf (Nov 20, 2008 10:53 am) |
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Replying to: pf_flyer (Nov 20, 2008 9:30 am) To me it seems the CEOs and Gettlefinger are shooting themselves in the foot with their actions, arrogance and 1950s thinking (with the possible exception of Mulally). With Wagoner's comments / thoughts about resignation, acting as though he's playing the Neo character from "The Matrix" in the way he dodges any questions about having a plan in place for long-term profitability, GM may be done. He looks like a deer in headlights to me. And I don't think they made an impression by coming in with prepared statements that were obviously written by someone in marketing and sales. I mean, it's all right to have crib notes of a speech you prepared, and glance down every now and again to remember the fine points, but to not be able to look your audience in the eyes because you're too busy looking down at your speech doesn't exude readiness and knowledge of the subject matter at hand. They weren't even passionate while making those speeches; I mean, the professor was more passionate and he kind of looked like death warmed-over!! And where were the suppliers? These guys should have had some of their core and smaller suppliers there, or at least letters from them. And with what's been happening with the TARP, AIG, getting fooled by Paulson, their own stupidity and all the other mistakes Congress made just giving the banks money, they need to posture and beat on somebody and unfortunately it's these people. |
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Replying to: jpf (Nov 20, 2008 10:53 am) As for the UAW, I'm not in a position to really know whether their primary cost issue is salary, benefits or excessive work rules and restrictions. However, if the government is hitting the auto workers, it seems to me that they should be doing the same thing to the Wall Street and other financial people and their $700B bailout. Detroit's loan is puny compared to what the banks and financial service companies are getting, and I haven't seen any indication that the finance world is changing their ways either!
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Replying to: jpf (Nov 20, 2008 10:53 am) Mulally from Ford is OK, but Wagoner needs to go and then bring in someone with a viable business plan and the guts to make the necessary changes at GM to expedite it's recovery. It's long past time for Wagoner to retire.
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Replying to: gmctruck (Nov 20, 2008 12:02 pm) |
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Replying to: gmctruck (Nov 20, 2008 12:02 pm) |
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Take this quiz: 1) Do you think the Big 3 have too much manufacturing capacity for a market on pace to sell 10-12 million vehicles per year? YES NO 2) Do you think the Big 3 have a dealer network that is too large to support the sales of 5-6 million vehicles per year? YES NO If you answered either question with a "YES", then what do you propose should be done? If you answered both questions with a "NO", well, then, there isn't any chance that anything that is said, either here in this forum or in the media at large, is going to have any affect on your perspective. |
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