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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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A loan? OK... as long as there are VERY strict terms and conditions regarding what they plan to do with the money and how soon we get it paid back. One of the biggest reasons we're where we are right now was the idiotic decision to encourage loans to people who had no way of ever paying back the loans. Show me that the money is actually going to do some good and isn't going down an eternally-hungry black hole.
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Replying to: gagrice (Nov 24, 2008 5:28 pm) I'm confused by your post. You bought it for $26K+ and sold it for $23. That's a good retention of value for 1.5 years and 13,000 miles.
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no, I am actually just someone who was hit like a ton of bricks around Dec.'07-Jan.'08 that we need to wean ourselves off of dependence on foreign oil. If we can put a man on the moon(did we really do that? Maybe Jim Carrey was on to something in 'Dumb and Dumber" when he excitedly leaves the bar yelling "We landed on the moon!" It was new to him on that day...but, was that moon landing really all a farce pulled over all our eyes?) I see scads of potential in this little 2010 Pininfarina-Bollore B0 for me in sunny Arizona. It has solar panels up above on the roof and in the grille, it has regenerative braking, etc. All the "green" automotive bells and whistles one should have in their all-electric car. But what really grabs at my brain is all of the hard work and no doubt mistakes corrected by France's huge Bollore Group. Their method of building this lithium polymer battery encased in steel is not only solving the safety problem but it's just good carbuilding, by that I mean how the batteries are enclosed and solidly tucked away. But they've solved the problem nobody else has with their patented batteries...longevity. The sort of "mule" LeBlue cars have gone 125,000 miles with no problems and with no maintenance, either! This is technology that I can just see Mike Myers playing Dr.Evil and having that finger stuck in his teeth, heaving a bone-rattling "1 Million dollars" to the UN. Only Pininfarina-Bollore are going to use this smart idea for the betterment of the environment and the betterment of people like myself, who are tired of this rollercoaster of oil-baronish snobbery and smuckish-ness and up and down and up and down pricing for sweet crude barrels of oil. Been there and done that for years. Let's welcome a change of thinking here, gentlemen.  85 mph tops, it's electronically limited to go no faster. A range of 153 miles but equipped with those solar panels to help out people like me who live in the hot desert! Whoo-hooo! Re-charge takes only 5 hours on a standard household 120-volt socket. I bet my wife and I could drive the 80 miles to Tucson and with the regenerative braking revitalizing it's electrical system and with the charge-up from the solar panels we could get back home, even though it goes over it's built-in standard range of 153 miles. That is my own little personal challenge to do. Sort of my personal pact to buy one of these. Sometime in 2009 a hundred or so of these cars will be imported for the L.A. market(OK, so it's 550 miles to my northwest!)but if I miss one of those I'll try for late 2010 or 2011 sometime. The time has come to jump ship, men! Mutiny! 
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Replying to: gagrice (Nov 24, 2008 5:28 pm) Then I priced a 2007, 30000 mi, 3.5 V6 comparable Impala in our zip code and it comes out $14,600 for Certified so that it has the warranty to match the new 2009. Without the warranty is $13,900. |
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Replying to: pf_flyer (Nov 24, 2008 5:57 pm) Ready for more insanity? Housing industry wants a big government bailout!!!  More Insanity Just what we need..stimulus to flood the market with more new homes! Regards, OW |
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Replying to: hpmctorque (Sep 09, 2008 5:41 pm) GM also needs to learn how to build more durable cars. My 92 Accord, and 03 Accord with a combined 200,000 miles have cost me less in repairs over 17 years, than my father's 01 Chevy Malibu with 50,000 miles over just 9 years. I also drive my cars much harder than he does. Who, in their right mind, buys one of these things? He didn't know better at the time. Now he does. |
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With so much bad news circling around GM, some haven't given up hope for federal help. CNN Money notes that Andrew Parmentier, an analyst at Friedman, Billings, and Ramsey, wrote in a note to investors on Friday, "If a major automaker fails and enters into liquidation, we expect Congress to use bridge funding as leverage in 2009 to actually implement restructuring proposals." Without federal help, it seems, few can imagine GM surviving. While the bailout debate goes on, automakers are trying to sell cars as fast as possible with deep discounts. Looks like November might come in at -27% sales for the industry, slightly better than October. The Fat Lady has already warmed up.... Regards, OW |
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Replying to: imidazol97 (Nov 24, 2008 5:57 pm) That's a good retention of value for 1.5 years and 13,000 miles. Not when new ones were back up in the high $30k range. I don't mind losing a couple grand after a year or so on a PU truck. I have bought new and sold higher more than I have lost money. If you buy right and take the vehicle to a good market you can make money. Two of the GM trucks I bought in Seattle and sold in Alaska at a profit after about a year driving them. I don't like losing money. That is why I rarely will buy a car. Cars are a big loss out the gate. You also have to take into consideration they only built 200 hybrid PU trucks for the CA market. Even then it was not a slam dunk sale. I advertised on Craigslist for nearly 6 months. Don't get me wrong. I was glad to sell at $23k. Just the horrible taxes and license in CA I had to absorb. That was a first for me. All my vehicles since 1970 were bought and licensed in Alaska. NO TAX and $30 per year license. I am having a real problem with the horrible taxes in this state of thug politicians. No state in the UNION wastes more tax money than CA.
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Replying to: gagrice (Nov 24, 2008 8:26 pm) Now back to the regularly scheduled program. November sales predictions are out: Gas Prices and Heavy Incentives Keep Car Sales From Sinking Below October's Depths
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Replying to: steve_ (Nov 24, 2008 8:32 pm) A friend that was at the trial for Ted in DC told me it was a joke. That jury would have convicted Mother Teresa. And my friend is a dyed in the wool Democrat. Her dad was secretary of labor under Sheffield. She was there with a friend that was a witness for Ted Stevens. I guess Begich won so maybe they will call a mistrial and let Ted live out his years in peace. Another tidbit. Latest poll says most people consider the Internet the Best source of news. A Zogby Poll, commissioned by IFC, found 37.6% of those asked consider the Internets the most reliable source of news. 20.3% consider national TV news most reliable and 16% say radio is the most reliable source. Also revealed: • 39.3% of those surveyed trust FOX News most for the issues they consider most important, followed by CNN with 16% and MSNBC with 15%. • 72.6% believe the news they read and see is biased. • 88.7% Republican and 57.5% Democrat respondents describe the news media as biased.
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