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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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#964 of 3958 Re: Where is it written that any business deserves a bail out? [lemko] by mediapusher Nov 28, 2008 (2:26 am)
Replying to: lemko (Sep 16, 2008 5:30 am) "When the Big 3 goes under, it will not be the end of the world.    It'll be the end of my world! It doesn't matter how rich or successful I become if I can no longer purchase a new Cadillac or Buick! I'd sooner see the world burnt to cinders and the ashes flung into the void than live in a world without my beloved General Motors!"   First of all, you don't have to worry, because while GM might complain about their dismal sales in America, in other countries, namely China, their auto sales thrive. They just need some serious downsizing which they refuse to do, because they're stubborn and arrogant.   Frankly I don't care if they fail. My economy is fine. This is not an economy that is supposed to be financially rewarding business failure, and it never has been
#965 of 3958 Re: Uncle, can you spare a dime? [manegi] by cooterbfd Nov 28, 2008 (3:33 am)
Replying to: manegi (Nov 27, 2008 10:02 pm) Nevertheless, why such a small amount of cars imported into such a large car market??? Replies to this message: manegi (Nov 28, 2008 2:52 pm) cooterbfd (Nov 28, 2008 3:06 pm) gogogodzilla (Nov 28, 2008 9:41 pm)
#966 of 3958 Re: Car Pool to Washington [elroy5] by cooterbfd Nov 28, 2008 (3:44 am)
Replying to: elroy5 (Nov 27, 2008 8:41 pm) The cars are built on the same assembly line. While I don't doubt that the Civic sells at a higher price, the Aura and Malibu sell at a comparable price to the Accord.   In spite of all this, the consumer still has 7 choices between the 2 companies in those 2 model sizes to choose from. I'm sure all those $99/mo leases that I see Herb Chambers Honda offering have a lot to do with the Civic's sales, as well as it's reputation. Replies to this message: gagrice (Nov 28, 2008 5:54 am) cooterbfd (Nov 28, 2008 10:09 am) gagrice (Nov 28, 2008 10:25 am) and 2 more... anythngbutgm (Dec 01, 2008 1:12 pm)
#967 of 3958 Re: Car Pool to Washington [cooterbfd] by gagrice Nov 28, 2008 (5:54 am)
Replying to: cooterbfd (Nov 28, 2008 3:44 am) I'm sure all those $99/mo leases that I see Herb Chambers Honda offering have a lot to do with the Civic's sales, as well as it's reputation.   The question is? Can GM offer the same $99 lease on a Cobalt and not lose their shorts when the 3 year lease is up? Replies to this message: cooterbfd (Nov 28, 2008 10:09 am) gagrice (Nov 28, 2008 10:25 am) cooterbfd (Nov 28, 2008 10:35 am) and 1 more...
#968 of 3958 Tiny turnaround steps? by pf_flyer HOST Nov 28, 2008 (9:13 am)
Nov Auto Sales likely up from Oct   Nissan back in at Chicago Auto Show
#969 of 3958 Re: Car Pool to Washington [gagrice] by cooterbfd Nov 28, 2008 (10:09 am)
Replying to: gagrice (Nov 28, 2008 5:54 am) It's a 2 year lease w/ 20% down. Replies to this message: gagrice (Nov 28, 2008 10:25 am) cooterbfd (Nov 28, 2008 10:35 am) gagrice (Nov 28, 2008 11:00 am)
#970 of 3958 Re: Car Pool to Washington [cooterbfd] by gagrice Nov 28, 2008 (10:25 am)
Replying to: cooterbfd (Nov 28, 2008 10:09 am) Put another way. Is a 2 year old Cobalt worth $12,000. That is what is left owing after 20% down and $99 per month. I don't think an Impala is worth that much after 2 years. That has to be a huge dilemma for GM. That and GMAC is not lending to every Tom, Dick and Harry that wants to buy a new car. Replies to this message: cooterbfd (Nov 28, 2008 10:35 am) gagrice (Nov 28, 2008 11:00 am)
#971 of 3958 Re: Car Pool to Washington [gagrice] by cooterbfd Nov 28, 2008 (10:35 am)
Replying to: gagrice (Nov 28, 2008 10:25 am) My bigger point is that in "paper shopping" it becomes somewhat difficult to compare what the advertised purchase prices are. Replies to this message: gagrice (Nov 28, 2008 11:00 am)
#972 of 3958 Wake up people! by scape2 Nov 28, 2008 (10:59 am)
The Koreans and Japanese have been helping their auto industry for years with favorable taxes, loans and other government programs. U.S. automakers do not enjoy the same level playing field in Korea as the Koreans enjoy in the U.S. I fully believe the U.S. government should give the big 3 the money they need. However there should be stipulations. Invest the money into re-tooling plants here in the U.S., invest in new drive train technologies. Build the next generation of automobiles here in the U.S. Start a new revolution in car building and technologies. Replies to this message: tlong (Nov 28, 2008 11:51 am) kernick (Nov 28, 2008 12:06 pm)
#973 of 3958 Re: Car Pool to Washington [cooterbfd] by gagrice Nov 28, 2008 (11:00 am)
Replying to: cooterbfd (Nov 28, 2008 10:35 am) I agree. Most of the time those come on ads are for the purple car they have had on the lot for 8 months. I have never leased a car, as it seemed such a rip-off when you added the hidden costs. Unless you can write it all off, it is not a good deal.

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