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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: nvbanker (Nov 24, 2008 11:34 am) Invite the workers back.....I wonder what the GM management contingency planning is thinking about this. Will all workers, former UAW and engineers, have to fill out job applications after a Chapter 11? Will managers also have to reapply? What are chances of hot-head union guys being rehired? Will Democrats have passed card-check law that would allow former UAW workers to quickly rejoin union? Will Congress require a new top managment team and new Board? Would favor some type of modest loan to help bridge GM through a pre-packaged Chapter 11 and with some kind of assurance from GM to drop brands, models, dealers. |
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Replying to: tlong (Nov 24, 2008 10:15 pm) 1. gas stay at $1.75 a gallon, where it belongs. 2. The economy snaps back to normal, because underlying the fundamentals are good. 3. Continue to fight the union for concessions by threatening and executing plant closings. 4. Continue evolving product lines as they already have. I'm perfectly content with the new Malibu if I want to get 30 mpg hwy in a 170 HP car. The Obama plan is based on the fundamentals being bad before Nov. 4th, and that they are good after Nov. 4th. So far, we are on plan. Obama just said we need a 2% of GDP injection to snap back to life. Kinda like America is Ironman, but has a bacteria infection that a few pills will cure. The big question is, gas at $1.75 is a requirement of the economy snapping back. Will we allow the oil suppliers to destroy everything again, if it snaps back?
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Replying to: berri (Nov 25, 2008 7:16 am) I think it's just as much a factor that they don't consider Detroit to be an important show any more. But I imagine it's also for cost-cutting. Automakers are focusing more on the LA show these days... |
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Replying to: nippononly (Nov 24, 2008 11:05 pm) If you take a minute to watch this amazing state of the art Ford plant in Brazil you will see what the Big 3 are capable of. Listen to the last few words too - Ford would love to build this plant in Detroit but the UAW won't allow it. Ford Plant in Brazil
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Replying to: nippononly (Nov 25, 2008 7:31 am) Nissan pulled out of the Chicago auto show too, from what I've heard. I wonder if they're also going to pull out of the DC and Philly auto shows? |
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Replying to: dave8697 (Nov 25, 2008 7:22 am) I think you should start reading a financial paper, if you think the underlying fundamentals of the economy are good! Many people have overspent for years, they've bought houses that are now worth 50%, or have seen no appreciation in 10 years, people have nothing to show for 10 years investing in 401K's ... As the Obama team is now saying - we'll be lucky, very lucky, if we're out of recession in 2-3 years. Decades of bad decsions that got us in this situation - whether in the Big 3 or the economy, are not going to be fixed in a few months. I think the Big3 will again get raked-over-the-coals if they come back to Congress with a few tweaks to their business-as-usual. They had better come back with a plan for a market of 10-12M vehicle sales and what realistic slice they have of that, what revenue they have from that, and what their total costs will be. And the bottom line better show they can make a profit! If they come in with vehicle sales in 2009 will be 15M, and our marketshare will increase, but we'll still lose money because of pensions and wages, then they should be ushered to the door (or committed for wasting our time). The Big3 need to plan for a very bad economy and how to make $; if the economy turns around then great they make more $. But we can not loan $25B now, and in summer '09 when that's gone, give them another $25B. I am not responsible for what the Big3 or the unions got themselves into; they have never helped me, and therefore I see little reason to support them forever!  Let them all get in a room, and decide what they will cut to start making money; they either decide to live in some matter or decide to hold their position and die!
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Replying to: driver100 (Nov 25, 2008 7:33 am) All I can say is WOW. That is one impressive operation. Too bad it is not sitting in the USA. |
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Replying to: andre1969 (Nov 25, 2008 7:34 am) Since they just introduced the 370Z, last year the GT-R and the Maxima, and the rest of their lineup is fairly new, maybe they just don't have anything left to redo. Their oldest products are the Xterra and Titan and maybe they decided not to invest in a redesign of those given the market for those vehicles. It is also prudent not to waste money, BEFORE you get in trouble, rather then wait until you're months from bankruptcy to save $. 
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Replying to: andre1969 (Nov 25, 2008 7:34 am) Those shows are geared to getting customers' butts behind the wheel, so that they will keep Brand X in mind when it comes time to buy a new vehicle. They aren't about unveiling new concept cars or production models to a national audience. I can't imagine that local Nissan dealers would want to be completely left out of that action. |
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Replying to: kernick (Nov 25, 2008 7:42 am) In the best of years selling huge high margin SUVs, GM could not make 5% net profit. I would consider that a good reason to fold up the tent and go home. It looks like Ford has a plan. It probably will send more of their operations out of the USA. Will Ford's share of a bailout build factories in other countries like that beauty in Brazil? |
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