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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: 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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Replying to: kdhspyder (Nov 22, 2008 12:20 am) A friend of mine's dad used to fly a corporate jet for Midwest Steel in northwest Indiana in the late 80's. I don't know if they are still in business. I'd guess like most of the steel mills running in that area now, most have gone BK and are operating under different management. |
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Replying to: kdhspyder (Nov 22, 2008 12:20 am) Aditya Mittal has been flying around in a private jet, and it sounds like the jet has been around for a decade. (link). Midwest Steel is still around (assuming it's the same outfit?). They made the steel used to rebuild the GM factory that was flattened by a tornado in OK and made the steel for the Toyota factory in San Antonio. One of my relations works for Nucor Steel. "In August 2006, the company did purchase a corporate jet for use by senior management. In a letter to all employees from the CEO, Dan DiMicco explained that the frequent rentals of charter jets made a corporate jet purchase a cost-effective measure." (Wiki) Nucor has its roots in Oldsmobile btw. I can just see Wagoner sitting in first class and having some Vega or Cimarron owner recognize him and start slugging away, especially after last week's performance.  Obama gave a short radio talk this morning and mentioned fuel-efficient cars, but nothing about a bailout. link title
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