Skip to comments.Toyota, BMW, Hyundai Workers' Senators Oppose Rescue
Posted on 11/17/2008 9:26:39 AM PST by TigerLikesRooster
Toyota, BMW, Hyundai Workers' Senators Oppose Rescue
Duh. It wouldn’t surprise me if it’s against some of our trade agreements.
why do the right thing when you can make a crappy car and still get bailed out
Let the Big 3 Eat Dirt if they have to. No more bailouts.
Some bygone traditions will come back if we pray.
Btw- they do make crap, crap compared to what they could make for just a few cents more here and a few cents more there.
Shame on them, read the book Car by Mary Walton.
She shows how even lives were lost by this penny pinchin' practice.
Shame, shame, get some rope, I'll find a tree.
The Toyota worker may live in Kentucky or Tennessee where taxes are nowhere near as high as Michigan, but I doubt that the cost of living justifies the extra $25 per hour which the rest of us are supposed to chip in for the GM worker.
When are Oba Mao, George Soros, Warren Buffet and all the other rich liberals going to chip in to bring my wages up to at least Toyota standards?
Good. Hopefully these vastly superior car companies can kill the UAW bailout.
Hopefully Wicker and Cochran can remember Nissan in Canton MS, and the new Toyota plant going in at Tupelo MS.......
All these companies are proving how you can make good quality cars without having to go bankrupt.... and they’re doing it in the Big 3’s backyard everyday and more importantly, without the unions.
Toyota, Honda, Kia, Hyundai, Nissan, Mercedes, and BMW are all examples of how to make cars for profitable companies without the anchor of unions dragging them down.
Don’t forget Volkswagen.
You absolutely don't need to worry about it. Even if they weren't already conservative enough, Wicker and Cochran were both born in Pontotoc County -- one of the three counties involved with the new Toyota plant!
(The plant is located where Union, Pontotoc and Lee Counties come together.)
50% cut in wages, pension, health care, no CEO bonuses for 6-12 months, then we'll see where they're at.
No "no consequences for bad decisions" bail-out. None.
Bankruptcy, meaning throw out all contracts, renegotiate wages, benefits. New business model which includes scaling down models, overhead, cut costs to the bone.
Welcome to the party, pal.
Is that why they had to recall all those trucks for the tailgate falling off. But it is not only a GM problem, my ford hinge broke as well.
their cars sell well in europe but they can’t sell them here because of the CAFE regulations.
If the goal is to encourage fuel efficiency (a worthy goal to reduce dependency on foreign oil), then the best way to achieve this is by giving a tax break to car companies if they sell more fuel efficient cars.
“I don’t think GM’s chief problem is crappy product. They make some decent vehicles, especially 1/2 ton and 3/4 ton trucks. GM’s problem is legacy costs and unreasonable union contracts they should’ve never agreed to.”
The biggest problem isn’t a crappy product today, though they are far from class leading in most segments. The problem is decades of crap. Bad cars in the past, in particular during the 70s and 80s, are what allowed the Japanese to take over many key segments. The people who switched are now happy and it’ll be hard to win them back.
The proposed financial help will do nothing but briefly postpone the inevitable. GM and Ford are burning through cash at an incredible rate. The weak economy and reduced demand only makes it worse.
The bailout is pure political pork.
Payoff is supposed to be universal health care, so the UAW can shed that liability. Democrats are desperate to keep them solvent until universal health care can be passed. That's why they aren't even waiting until O is sworn in before pushing the bailout. The clock is running out faster than the UAW and their Democrat flunkies thought.
6 months might be enough time for Democrats to pass universal health care, so the Big 3 can shed its health care obligations to UAW members and retirees. Kudos to Kyl, Sessions, Inhofe and the other GOP Senators who are calling this what it is.
This is why I buy Toyota.
Better cars, and they employ a ton of people in NON-UNION states.
Detroit fought putting pollution controls on cars till in 1974 it had to and the technology was terrible. Gizmos and solenoids and mechanical sensors made starting a car an iffy proposition. And if following instructions didn't work (and often it didn't) lifting the hood an hitting a reset button was the last resort.
But the 1975 models had better equipment and were light years a head of 74’s. Loved my 75 LTD.
I bought a new 70 Nova. Nice car but no brakes to speak of.
A couple of hard stops and fade was so severe that it was like having no brakes at all.
But that was along time ago.
elections have consequences
UAW delivered bigtime for Baraq and Company
Now they get their reward
Ohio is pivotal for any Prez election - and #2 after Michigan in the UAW ranks
Yet not a single word addressing the fact that Japan, Germany and Korea all pay for their employees health care coverage and pensioner’s costs, so their auto manufacturers don’t have to add that cost into their products.
No, I’m not for an auto bailout. I think the best thing for them is to declare bankruptcy and force the UAW into concessions. That said, it is a fact that if the Big 3 had Uncle Sugar paying all of their employee’s and pensioners health and pension benefits, they would have be making a couple of thousand more per vehicle than they are.
Just clearing the air.
“Yet not a single word addressing the fact that Japan, Germany and Korea all pay for their employees health care coverage and pensioners costs, so their auto manufacturers dont have to add that cost into their products.”
I don’t know about Japan and Korea, but in Germany it is the employees and the employer that pay most of the health care and pension costs 50:50, though it is true that there is a tax-payer funded boost to pensions, if needed.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.