from $26billion....to $34billion......WOW!
#1
from $26billion....to $34billion......WOW!
yeah.......................wow!
thoughts? lets discuss!
http://biz.yahoo.com/ap/081202/meltdown_autos.html
thoughts? lets discuss!
http://biz.yahoo.com/ap/081202/meltdown_autos.html
#5
RE: from $26billion....to $34billion......WOW!
ORIGINAL: some guy #2
Let'em burn
Let'em burn
I was watcing the big 3 CEO's (Plus the president of the UAW)beg for money live on C-Span (I have no life). It was pathetic. The panel was blasting them on how ****ty their cars were, saying that if they would start listening to their customers, then they'd be fairing far better. it was awesome.
#7
RE: from $26billion....to $34billion......WOW!
How bout they stop making the same exact vehicles under Mercury and Ford.. or Chevy and GMC.. They could save money on offering fewer models of the exact same thing. All kinds of things that they could do to better their spending I'm sure. Maybe putting the company through a squeeze will force them to adapt and change in order to stay afloat. Giving anyone money isn't the best way to deal with things.
#8
RE: from $26billion....to $34billion......WOW!
I have alot of mixed feelings about this because:
a. no matter how much money theyre given, people still wont buy their cars
b. something like 1 in 10 americans work either directly for or in a related industry to the big 3 so if they go under it means a HUGE amount of jobs
c. the foreign automakers, like toyota, recieve subsidies from the government and always have so it makes it hard for us to compete just on that
d. most of their problems is becuase of the huge amount of money they spend of benefits because of UAW (united auto workers)
i think when you look at it you have to bail them out because if they fail it will cause a even worse recession than we have now, dare i say depression? I think that if they do give this bailout they need to use it to pay off some of the benefit packages and they need to look into working with UAW to restructure their agreements so that this wont happen again
a. no matter how much money theyre given, people still wont buy their cars
b. something like 1 in 10 americans work either directly for or in a related industry to the big 3 so if they go under it means a HUGE amount of jobs
c. the foreign automakers, like toyota, recieve subsidies from the government and always have so it makes it hard for us to compete just on that
d. most of their problems is becuase of the huge amount of money they spend of benefits because of UAW (united auto workers)
i think when you look at it you have to bail them out because if they fail it will cause a even worse recession than we have now, dare i say depression? I think that if they do give this bailout they need to use it to pay off some of the benefit packages and they need to look into working with UAW to restructure their agreements so that this wont happen again
#9
RE: from $26billion....to $34billion......WOW!
Chrysler (being a private company) Needs to open their books also, if they don't then they shouldn't even have a chance at a bail out.
Problem with bailing out the Big 3 is they will be right back there in 6 or so months asking agian (aig for example started out at 85 Billion and now were into them for close to 200 billion). Chapter 11 is their only way out of this to become a viable company agian.
It's not just the workforce but their entire componies need to be restructured and slimmed down. Pay the worker that puts on all 4 tires a wage that is comparable to that job. Ceo's, Cfo's and such should work on commision only.
I vote let em survive like the rest of us, not happy that our big 3 are failing but they need to be able to stand on their own two feet or they wont change if we throw money at them.
Look at it this way, would you want to bail out Chevron?They reaped billions upon billions from us. So has the big three and if they didn't save for the tougher times not my fault (granted I own stocks in a couple of the car makers and I lost my *** and will most likely never see my money agian).
Problem with bailing out the Big 3 is they will be right back there in 6 or so months asking agian (aig for example started out at 85 Billion and now were into them for close to 200 billion). Chapter 11 is their only way out of this to become a viable company agian.
It's not just the workforce but their entire componies need to be restructured and slimmed down. Pay the worker that puts on all 4 tires a wage that is comparable to that job. Ceo's, Cfo's and such should work on commision only.
I vote let em survive like the rest of us, not happy that our big 3 are failing but they need to be able to stand on their own two feet or they wont change if we throw money at them.
Look at it this way, would you want to bail out Chevron?They reaped billions upon billions from us. So has the big three and if they didn't save for the tougher times not my fault (granted I own stocks in a couple of the car makers and I lost my *** and will most likely never see my money agian).
#10
RE: from $26billion....to $34billion......WOW!
ORIGINAL: ynks4evr
i think when you look at it you have to bail them out because if they fail it will cause a even worse recession than we have now, dare i say depression? I think that if they do give this bailout they need to use it to pay off some of the benefit packages and they need to look into working with UAW to restructure their agreements so that this wont happen again
i think when you look at it you have to bail them out because if they fail it will cause a even worse recession than we have now, dare i say depression? I think that if they do give this bailout they need to use it to pay off some of the benefit packages and they need to look into working with UAW to restructure their agreements so that this wont happen again