To: St. Louis Conservative; All
A heaping bailout for the Big Three automakers - currently losing millions every day theyproduce cars no one wants to buy -
What Garbage. There's lots of American Cars people want to buy. The problem is that the US Auto Makers have tremendous burdens that the foreign manufacturers do not have. An intelligent analysis of the problem would be what readers need so they can understand the situation. If I remember correctly each US car has a legacy cost of about $2300. That's nearly impossible to make up on a small car. So in theory if the US Automakers sold every small car they could make they would still lose money. They did make money on SUV's and Trucks and that's why they built them. It's is simple as that. If the US Auto Industry is to survive and in my opinion it MUST survive then RESTRUCTURE is the name of the game. This article is a piece of trash.
4 posted on
11/16/2008 11:17:30 AM PST by
truthguy
(Good intentions are not enough!)
To: truthguy
I agree. I think GM and Ford have some very good cars in their lineup - particularly their SUVs. The problem is their cost structure. It’s completely uncompetitive. I don’t have a lot of faith in their executive management either.
To: truthguy
One problem is the two-dimensional view that we have an either-or choice: "Bail 'em out" or "let 'em die." If China can develop a viable auto industry, the bright boys here at home ought to be able to figure out how to do it too. One thing is for sure, paying 70 dollars an hour compensation for screwing part A into part B isn't a good place to end up.
Some form of reorganization with a minimum of political interference is called for. And yes, no nation today can go without a domestic auto industry and expect to be taken seriously.
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