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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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What is this discussion about? Legislation


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#936 of 3958
Re: effect of the media [rogeliov] by nvbanker
Nov 27, 2008 (3:57 pm)
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Replying to: rogeliov (Nov 26, 2008 10:09 pm)

it's not Japan or Korea we should be worried about. The Chinese are poised to strike anytime.
 
You're right - We should have been afraid of the Japanese a long time ago (it's too late now), the Japanese should be very afraid of Korea, and Korea should be concerned about the Chinese.
 
We're done for here in the US for manufacturing......
#937 of 3958
I'll second that emotion... by iluvmysephia1
Nov 27, 2008 (4:11 pm)
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done. No deal. Finished. Cya-nara. Over with. Goodbye.
#938 of 3958
Re: Uncle, can you spare a dime? [tlong] by maple2
Nov 27, 2008 (5:20 pm)
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Replying to: tlong (Nov 27, 2008 3:54 pm)

Tell me about the small D3 cars that are built with high quality, small engines, left drive for the Japanese market.
 
Why dont you explain to me the purpose of designing a car for the jap market if you wont be allowed to sell it there in the first place?
#939 of 3958
Re: Car Pool to Washington [tlong] by cooterbfd
Nov 27, 2008 (5:35 pm)
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Replying to: tlong (Nov 27, 2008 1:31 pm)

Well, I harken back to an interview Bob Lutz did way back when he started at GM. He asked the beancounters this question. We're selling cars w/$4000 in incentives on the hood. If we were to invest another $500 in better quality parts and materials, and then the car became desirable enough to take $2000 off the hood, would we not increase revenues by $1500? The beancounters said yeah, we would, but we don't look at it that way.
 
Case in point today. New Malibu has a base MSRP of about $20,500. Base Impala, about $2500 more. Yet, look at ads for both cars. i see ads every day around here for the Malibu LS for about $19,000. The Impala is generally advertised for a few hundred to a thousand more. Seeing as how the Impala is "old school" GM and the Malibu is "new school", getting better materials and such, it's no wonder that the smaller, "cheaper" Malibu commands almost as much as the bigger "more expensive" Impala.
 
Remember, the Big 3 haven't begun to see the real savings from their 2007 contracts (VEBA). Now, that's not to say that more savings can't be negotiated right now, that would say loosen work restrictions, save healthcare monies, shrink the jobs bank, etc.
#940 of 3958
Re: Uncle, can you spare a dime? [tlong] by cooterbfd
Nov 27, 2008 (5:41 pm)
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Replying to: tlong (Nov 27, 2008 3:54 pm)

".....Tell me about the small D3 cars that are built with high quality, small engines, left drive for the Japanese market."
 
What about the Holden Barina and Viva, or the Vauxhall Agila and Astra??? All GM owned, RHD (not left) and available now.
#941 of 3958
Re: Uncle, can you spare a dime? [maple2] by tlong
Nov 27, 2008 (6:16 pm)
Reply

Replying to: maple2 (Nov 27, 2008 5:20 pm)

Why dont you explain to me the purpose of designing a car for the jap market if you wont be allowed to sell it there in the first place?
 
Quote from a March, 2008 article:
 
"Wander through Tokyo's upscale wards and you'll find no shortage of expensive German models".
 
BMW, Mercedes, and Audi manage to sell in Japan.
#942 of 3958
Re: Uncle, can you spare a dime? [cooterbfd] by tlong
Nov 27, 2008 (6:19 pm)
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Replying to: cooterbfd (Nov 27, 2008 5:41 pm)

What about the Holden Barina and Viva, or the Vauxhall Agila and Astra??? All GM owned, RHD (not left) and available now.
 
GM should bring some of those small models over here! I know Ford is working to rapidly bring some of their Euro cars to the US. Many of us don't like big cars and trucks. If I want a good-handling, quality smaller car there is nothing of interest for me from the D3. That's a real shame.
#943 of 3958
Re: Uncle, can you spare a dime? [tlong] by cooterbfd
Nov 27, 2008 (6:21 pm)
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Replying to: tlong (Nov 27, 2008 6:16 pm)

Nevertheless, the amount of cars imported to Japan is miniscule.
 
http://www.customs.go.jp/toukei/srch/indexe.htm?M=03&P=1,2,,,1,2008,0,10,0,0,1,7- 050101,,,,,,,,,,3,,,,,,20
 
Germany IS the leader, but since ther is no breakdown by mfr., I'll assume that VW has the lion's share of those.
#944 of 3958
Re: Car Pool to Washington [cooterbfd] by tlong
Nov 27, 2008 (6:24 pm)
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Replying to: cooterbfd (Nov 27, 2008 5:35 pm)

Remember, the Big 3 haven't begun to see the real savings from their 2007 contracts (VEBA). Now, that's not to say that more savings can't be negotiated right now, that would say loosen work restrictions, save healthcare monies, shrink the jobs bank, etc.
 
So while you don't say it explicitly, I'd gather from this statement that you mostly agree with Wagoner - the restructuring is complete, GM only needs a bridge loan until the economy improves and the previously negotiated changes take financial effect. There might be a few more incremental changes but nothing major. Is that correct?
 
Let's just say that I totally disagree that this will be enough.
#945 of 3958
"GM Asks U.S. FAA to Bar Public Tracking of Leased Corporate Jet " by tlong
Nov 27, 2008 (6:33 pm)
Reply
"GM Asks U.S. FAA to Bar Public Tracking of Leased Corporate Jet " - Bloomberg News
 
GM apparently doesn't want their plane trackable in the FAA public database!

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