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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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GM management is responsible for the shape the company is in. It's nice to be able to lay part of the blame on the unions, but it's management that OK'd the union deals.They've made bad decisions and given us bad products & bad quality for years; now they want us to bail them out? They want us to believe that the same inbred, short sighted management that was dumb enough to get get the company into this fix is smart enough to get it out of it. LOL. There might be some hope for Ford. They hired a man from outside the industry that appears to be trying to get the company back on track with some new competitive products that, according to Consumers Report Etc., rival the Asian mfrs. in quality. As for Chrysler, nobody will even miss them if they go under. |
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GM has the Chevy Camaro around the corner! This dud should appeal to the nostalgia crowd and the under 10 group that watched the movie Transformers. My grandson sure loves Bumble Bee,  Once the novelty wears off what else do they have to offer? Bloated, blundering SUV's, hybrid wannabees that get 2 mpg more than their gas only counterparts? I saw a Challenger this weekend and no one cared. The Mustang at least is living up to its late 60's early 70's glory days and beginning to look like it. I see Ford as the only survivor of this mess. Chrysler for all intents and purposes is dead and GM is gasping for air.
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Replying to: rogeliov (Nov 21, 2008 4:36 pm) My 5 year old loves bumble bee to death, but when he saw it in the Auto show, he did not even take a second look at it.
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Replying to: chikoo (Nov 21, 2008 5:22 pm) |
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Replying to: chikoo (Nov 21, 2008 5:22 pm) Gosh, I wonder if the folks at Aptera have a corporate jet...... Security concerns and all. I wouldn't know one of these executives (Big Three) even if they walked up to the corner of the bar and bought me a beer, I'd thank them (money is tight) but I doubt I'd recognize them. Security concerns... They're joking right? Hey, about that beer.......
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Replying to: chikoo (Nov 21, 2008 11:58 am) Not sure whether he does not get compensation in other forms, but it's typical Japanese CEO who take praise than money. There have been several Japanese executives who resigned or killed themselves when something went wrong. |
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Replying to: ponderpoint (Nov 21, 2008 6:05 pm) |
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Replying to: fintail (Nov 21, 2008 7:02 pm) Now they did fly the Concorde and the top people did fly First Class when available but it was mostly Business Class.
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Replying to: ponderpoint (Nov 21, 2008 2:20 pm) Add to that the recent legislation passed in CA that took away some kind of EV incentive. I know the Tesla people were not happy at all. I really believe the Feds and states like CA are only giving lip service to alternatives. Unless there is some serious lobby money in it for Congress. Such as the ethanol boondoggle we are losing billions on. In the end it will probably be the same kind mess in the Big 3 bailout. I consider the Tesla as just about worthless with its 6000 AA batteries to fail. The Volt is not a whole lot better from where I see it. The are fat cat toys, nothing more. |
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| The Big 3 jets in themselves would not break the company. It is the over all mentality of waste that is killing them. If nothing else bankruptcy would have some justice in the fact that these fat cat executives would lose what ever money they have in company stock. I don't think it is out of the realm of a bailout to set executive pay levels. We are expecting the UAW to match the competition here in the USA. Why not the executives. If Toyota is paying less than a $ million per year for a CEO. That should be part of any bailout. That includes the banks and brokerages we are funding or saving. Or tax bonus money at 90% like in the good old days. | |
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