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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: iluvmysephia1 (Nov 24, 2008 10:15 am)   DC is a hoot; better to take the Metro than try to drive though. 
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Replying to: gagrice (Nov 24, 2008 2:09 pm) Arlington is quite a humbling experience especially in a full burial ceremony. I will never forget it and the sacrifice that is beckoning to you even today. I salute all of these souls and their families. I really appreciated the Lincoln Memorial and the WWII Memorial. Hopefully, the Big 3 CEO's will take a swing past Arlington National to give them a clearer baseline from which to lead the necessary change and forget their huge compensation and EGO. Regards, OW
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Replying to: circlew (Nov 24, 2008 2:31 pm) |
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Replying to: dieselone (Nov 24, 2008 8:48 am) The short list of my dislikes of Bush has grown over the bailouts. Another $350 Billion for citigroup? but nothing for GM? I think Japan owns a good chunk of Citi.
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Sorry, these guys did it to themselves. If we individual taxpayers were in need of a bailout because we couldn't pay our bills, you think the feds would bail each of US out? Don't think so . . .  Originally I was for a bailout because I thought it would save jobs, but let's face facts, the Detroit 3 were going to cut a good portion of those jobs anyways! Let them get themselves out of trouble . . . if they can.
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Replying to: circlew (Nov 24, 2008 2:31 pm) We can only HOPE they take a cut. Or maybe they should just commit hari-kari! BTW, I wonder if the B3 CEOs watched the SNL skit (surely they did). That had to sting . . . or perhaps not.
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Replying to: kernick (Nov 24, 2008 10:34 am) 2 yr old for $10k is BS. With 100k miles on it....maybe. Even the Accord loses over $4k in depreciation in year 1. I could have had an Impala for a price that would have virtually made depreciation a non-factor. Nobody pays MSRP, that's just the number that would give GM a viable business plan
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Replying to: dave8697 (Nov 24, 2008 5:03 pm) I just did the quick appraise on a two year old Impala LT with 30,000 miles. I included the normal kind of stuff. It came back at a little over $9900 trade-in. Rocky just posted his brother buying a $23k Impala for $17,700. That does not bode well for trade-in two years from now. My own sad GMC story: Bought a 2005 GMC hybrid PU in June of 2005 when the family discounts were offered. This truck had lots of nice stuff. MSRP was $36k. I got it after a real haggle for $26k plus TTL. One and a half years later I decided I wanted an SUV and drove the 2007 Denali Yukon. I cannot remember the exact figures. It was over $40k. My PU was perfect and I had added an aluminum roll-top over he bed for $1300. This was the same dealer I bought the truck from. It had 13k highway miles and he offered me $16k in trade. I stood up and told him that was an insult to my intelligence and walked out. I listed it on Craigslist and a fellow from LA came down and gave me $23k cash for the truck. That kind of loss on a PU truck is horrible, and the worst I have ever had. The truck was not as solid as my 1998 Suburban. I did like the Stereo and climate control. That will probably be my last GM vehicle. |
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Replying to: gagrice (Nov 24, 2008 5:28 pm)
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Replying to: dieselone (Nov 24, 2008 5:45 pm) |
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