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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: cooterbfd (Nov 27, 2008 11:18 am) How would you propose we restructure the D3 so that they can not be a sagging industry? Do you think that just a bridge loan is going to be enough? Do you agree with Wagoner that the "restructuring has already been completed" and they just need to wait out the recession to be successful?
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Replying to: steve_ (Nov 27, 2008 11:08 am) Absolutely right. It will also give Toyota, Honda and others the right to protest subsidizing the competition. I hear having a level playing field all the time in here. How much more level than two companies both building cars in the USA. Maybe get a bigger kickback for buying a car from a US company with content made in the US. I thought of that as a good stimulus. It would have to include all vehicles sold in the USA. Trying to figure out content is tough. Those charts treat Canada the same as USA made. I DON'T THINK SO. Mexico should be just as much American as Canada. Giving it directly to the tax payer as a credit seems a bit more fair.
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Replying to: tlong (Nov 27, 2008 11:39 am) No. It's on it's way, but not complete. One of the things that seems to have worked against the Big 3 is how the NA market seemed to have turned into the European market so quickly. Even Toyota was caught off guard, as Tundra sales have TANKED. But the Jap big 3 have vehicles like the Fit and Versa that they can just send here, where the NA big 3 don't. It appears to me as though with the consolidation of platforms worldwide that GM and Ford are beginning to become more fluid, but this is still going to take time. I do applaud them for taking their time and trying to get products such as the Aura and Malibu right, and right from the first one!!! I have 2 co-workers who own '08 Malibus and they absolutely LOVE them. Not one unscheduled trip to the dealer either. This is why I have faith that the Volt will be as good or better than advertised.
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Replying to: gagrice (Nov 27, 2008 9:12 am) One thing I don't understand. Is he making more or less in Indiana than he was in SD.
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Volt, however, if GM is threatening to charge over $40,000 my interest will fade just like Bobby Engram in to the middle linebacker range of the opponent's defense.
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Replying to: gagrice (Nov 27, 2008 9:12 am) Of course I do. I made 100K in NJ where the house prices are $250K+ for 1200 sq. ft house. w/ 2 bedrooms. I made a move to Dallas, TX where for the same Pay, I got a lot more house (4 bedrooms) for the same money. |
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Replying to: iluvmysephia1 (Nov 27, 2008 12:48 pm) http://www.autobloggreen.com/2008/11/26/should-the-feds-buy-flocks-of-volts-for-- their-fleet/#comments then the Gov't may be "giving" you more than $7,500 to buy one. |
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Replying to: cooterbfd (Nov 27, 2008 12:27 pm) That's not the problem - GM has more models higher than 30 mpg than any other company (check their advertising). Their Cobalt XFE gets 37mpg; I believe that's higher than a Versa or a Civic. And the new Malibu and similar mid-size get the low-30's mpg. The problem is that in matching the sales-price of the competition, while having higher costs, and having to give large incentives because of years-past quality issues that linger with the consumer, GM doesn't make any money on these. At least they are not selling them in high enough volume to make money on them.
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Replying to: cooterbfd (Nov 27, 2008 12:27 pm) So how would you propose we save as many of these D3 jobs as possible while making our auto industry truly competitive? What is the Chapter 11 alternative that preserves jobs?
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Replying to: kernick (Nov 27, 2008 1:27 pm) I'd say this is mostly advertising hype. Honda could have 8 divisions and sell the Civic under 5 names and it would have more models over 30mph, too. The problem is that in matching the sales-price of the competition, while having higher costs, and having to give large incentives because of years-past quality issues that linger with the consumer, GM doesn't make any money on these. A related problem and more important IMHO is that if GMs cars were more expensive, but CLEARLY BETTER, many people would pay the difference. But GMs cars are not as desirable, especially the small cars. People pay more for iPods because they are more desirable. GM should make their cars this way, too.
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