It's funny that people thing the CEOs of the "big 3" are stupdid...
if they wouldnt be charging so much for a new car them more people could get into a new car and they wouldnt have to be trying to get bailed out of the mess they are in. yes if any of those 3 companys were to go under it would strike a big blow to alot of people. since they are chargin 30-40k for a band new car or truck its hard for most people to pay 400 or more each month for a car plus insurance on it. yes i am aware of the cost of materials to make the car are going to rise over the years but come on.
Maybe a dumb question, are tehy talking about selling off saturn, pontiac, hummer and whatever, or just closing to doors?
Mullaly is stupid. When he came into a company that was doing layoffs and raised C-level salaries, I said to myeslf that boy is going to kill that company - how is the union supposed to give any ground when the line workers are being fired and the executives are getting pay raises?
GM made "tanks" because that's what Americans wanted and purchased. GM knows how to make vehicles in markets whre fuel is $6-$8 a gallon over in europe.
Truck/SUV sales only fell in the toilet when gas prices spiked... coupled with the housing market collapse (most use value in their homes to buy expensive stuff). There was a paradigm shift in the market and GM wasn't in the best position for it. It's not like the other mfgs saw it comming and planned for it... they just happened to be in the naturally better position. This is evidenced by the fact that companies like Toyota and Nissan were investing huge amounts of money in truck and suv production to play catchup with the American mfgs domestically. Toyots didn't "see" this comming and stop building the new Tundra... they were trying very hard to claim market-share in the very profitable domesting truck/suv market.
Chapter 11 would be a good thing in most cases, but a car is a unique good... one most people finance and one most people rely on others to service (i.e. warranty). The big questions are, "Will people purchase cars from a technically bankrupt company." and "Will banks loan large sums of money for a car from a mfg that could fail in the near future?" Those are the problems... this is why the companies want to avoid chapter 11. They see chapter 11 as one step on the road to failure anyway.
EDIT: I do agree that they need to do a better job of building exciting entry-level cars to capture the youth market... many people are lifetime buyers. My first car was a Ford Probe GT... it was almost a Honda Accord... I wonder where my interests in cars would lie if I had gotten a Hon-duh first.
Truck/SUV sales only fell in the toilet when gas prices spiked... coupled with the housing market collapse (most use value in their homes to buy expensive stuff). There was a paradigm shift in the market and GM wasn't in the best position for it. It's not like the other mfgs saw it comming and planned for it... they just happened to be in the naturally better position. This is evidenced by the fact that companies like Toyota and Nissan were investing huge amounts of money in truck and suv production to play catchup with the American mfgs domestically. Toyots didn't "see" this comming and stop building the new Tundra... they were trying very hard to claim market-share in the very profitable domesting truck/suv market.
Chapter 11 would be a good thing in most cases, but a car is a unique good... one most people finance and one most people rely on others to service (i.e. warranty). The big questions are, "Will people purchase cars from a technically bankrupt company." and "Will banks loan large sums of money for a car from a mfg that could fail in the near future?" Those are the problems... this is why the companies want to avoid chapter 11. They see chapter 11 as one step on the road to failure anyway.
EDIT: I do agree that they need to do a better job of building exciting entry-level cars to capture the youth market... many people are lifetime buyers. My first car was a Ford Probe GT... it was almost a Honda Accord... I wonder where my interests in cars would lie if I had gotten a Hon-duh first.
If you did get the accord, you'd be making threads "Got new antenna installed, check out my new fresh pics" then you'd masturbate to pictures of a GT-AH.
If one of or all of the big 3 run out of cash and declare bankruptcy, they will not go away. In fact if that happens it might be good for the fact they can start getting rid of a lot of the UAW contracts that’s why the UAW knows it’s in their best interest to start re-negotiating now. They just need to learn to drop the ‘ing’ so instead of “willing to negotiate” it will be “we WILL negotiate” This is a reason a lot of the far left (Barney Frank, etc) pro-union democrats want the bailout to go throw. UAW now realizes if these companies re-structure and replant themselves, they’re garun-damn-teed to be far out of the picture and get very little if not anything.
if they wouldnt be charging so much for a new car them more people could get into a new car and they wouldnt have to be trying to get bailed out of the mess they are in. yes if any of those 3 companys were to go under it would strike a big blow to alot of people. since they are chargin 30-40k for a band new car or truck its hard for most people to pay 400 or more each month for a car plus insurance on it. yes i am aware of the cost of materials to make the car are going to rise over the years but come on.
Don't get me wrong, I do appreciate having airbags, seatbelts and better fuel economy however I don't like the government forcing it down our throats...but it's a hard call because if they didn't you have to wonder if those items would ever reach mainstream vehicles.
if the one guy is a rocket scientist shouldnt he be working for NASA, not running a car company.
and also alot of the major airlines filed for chapter 11, and the economy didnt collapse.
and also alot of the major airlines filed for chapter 11, and the economy didnt collapse.
You don't get to be that high in the corporate world by being stupid. I don't think they have the means or the ability to fix such a huge sinking ship though. It appears to be a superhuman (and impossible) task for them to each fix their respective companies singlehandedly, which is where their bad reputations probably comes from.
Mullaly may be a "rocket scientist," but he was brought in because he's the guy that brought Boeing back.
Another big problem is that most people don't know what is really going on. The media has mis-labeled the whole situation as a "bailout", when it in fact, is not. It is an offer to the U.S. Government pitching an investment opportunity. They are not asking for free money, they want the government to invest in them. The big 3 will be paying the money back as part of the deal. The same thing happened 30 years ago with Chrysler and this solution worked perfect, and they were actually in a worse position back then. Ford does not need the help, Chrysler only needs some, GM is the big fuck-up right now, and I truly don't blame GM too much. The problem is what consumers have been programmed by the media and peer pressure to think. How many people when looking for a non-truck, or non-V8, in general, even give a GM car a serious thought? The public has been brainwashed into thinking that the foreign companies are the only ones capable of producing a economy car. It doesn't matter how nice or how good the quality is, that's a huge hurdle to overcome in sales. Combine that with people not being able to get loans and it's not a good outcome. It's also ridiculous how ignorant people are to the R&D american companies have put into alternative fuels. All the money they have dumped into that isn't making things any cheaper either. While they were building too many trucks they were also researching alternate fuels. Of course they make plenty of cars too, but people just bought hondas instead when they were in the market for a car.
As already stated also, the safety shit is a big problem. All the weight of all the features and size required to pass safety regulations these days makes it difficult. We were getting 40mpg with gasoline cars in the 80s no problem, but now everyone wants their 40mpg to come with 37 airbags, power everything, TVs, Nav, and all the fancy shit. Sorry morons, but if you want to be that stingy on fuel efficiency then you're gonna have to give shit up.
Also, you can't compare this to the airlines. The airlines can declare bankruptcy and still sell tickets, because the planes are still going from A to B. If any of the big 3 declared bankruptcy it'd be the end of all sales. Even though they wouldn't be disapearing that quick, so much of the american public is too fucking stupid to understand this and just wouldn't buy because of it.
As already stated also, the safety shit is a big problem. All the weight of all the features and size required to pass safety regulations these days makes it difficult. We were getting 40mpg with gasoline cars in the 80s no problem, but now everyone wants their 40mpg to come with 37 airbags, power everything, TVs, Nav, and all the fancy shit. Sorry morons, but if you want to be that stingy on fuel efficiency then you're gonna have to give shit up.
Also, you can't compare this to the airlines. The airlines can declare bankruptcy and still sell tickets, because the planes are still going from A to B. If any of the big 3 declared bankruptcy it'd be the end of all sales. Even though they wouldn't be disapearing that quick, so much of the american public is too fucking stupid to understand this and just wouldn't buy because of it.
Another big problem is that most people don't know what is really going on. The media has mis-labeled the whole situation as a "bailout", when it in fact, is not. It is an offer to the U.S. Government pitching an investment opportunity. They are not asking for free money, they want the government to invest in them. The big 3 will be paying the money back as part of the deal. The same thing happened 30 years ago with Chrysler and this solution worked perfect, and they were actually in a worse position back then. Ford does not need the help, Chrysler only needs some, GM is the big fuck-up right now, and I truly don't blame GM too much. The problem is what consumers have been programmed by the media and peer pressure to think. How many people when looking for a non-truck, or non-V8, in general, even give a GM car a serious thought? The public has been brainwashed into thinking that the foreign companies are the only ones capable of producing a economy car. It doesn't matter how nice or how good the quality is, that's a huge hurdle to overcome in sales. Combine that with people not being able to get loans and it's not a good outcome. It's also ridiculous how ignorant people are to the R&D american companies have put into alternative fuels. All the money they have dumped into that isn't making things any cheaper either. While they were building too many trucks they were also researching alternate fuels. Of course they make plenty of cars too, but people just bought hondas instead when they were in the market for a car.
As already stated also, the safety shit is a big problem. All the weight of all the features and size required to pass safety regulations these days makes it difficult. We were getting 40mpg with gasoline cars in the 80s no problem, but now everyone wants their 40mpg to come with 37 airbags, power everything, TVs, Nav, and all the fancy shit. Sorry morons, but if you want to be that stingy on fuel efficiency then you're gonna have to give shit up.
Also, you can't compare this to the airlines. The airlines can declare bankruptcy and still sell tickets, because the planes are still going from A to B. If any of the big 3 declared bankruptcy it'd be the end of all sales. Even though they wouldn't be disapearing that quick, so much of the american public is too fucking stupid to understand this and just wouldn't buy because of it.
As already stated also, the safety shit is a big problem. All the weight of all the features and size required to pass safety regulations these days makes it difficult. We were getting 40mpg with gasoline cars in the 80s no problem, but now everyone wants their 40mpg to come with 37 airbags, power everything, TVs, Nav, and all the fancy shit. Sorry morons, but if you want to be that stingy on fuel efficiency then you're gonna have to give shit up.
Also, you can't compare this to the airlines. The airlines can declare bankruptcy and still sell tickets, because the planes are still going from A to B. If any of the big 3 declared bankruptcy it'd be the end of all sales. Even though they wouldn't be disapearing that quick, so much of the american public is too fucking stupid to understand this and just wouldn't buy because of it.






