What good to an ecomony is a business that looses 18 Billion Dollars every 3 months? People are buying cars built in the USA. I own two late model vehicles that were built in the USA. A Toyota and a Honda. GM has been making substandard vehicles since the 1950's. Now that people have a choice, they are spending their hard earned cash on vehicles that are reliable. And those vehicles are NOT GM vehicles.
The only way that GM will survive is if it goes bankrupt and reorganizes and cancels all its union contracts and fires all its upper management and starts building cars that people want to buy. If we give them money now, they will continue to loose billions of dollars every month until even the US Government can't bail them out.
Buy American.
Buy Toyota and Honda.
After obama assumes power the U.S. will have no economy. He will strangle it.
“GM has been making substandard vehicles since the 1950’s.”
Excepting, of course, my 57 Chevy 283, my 58 Chevy, my 59 ‘vette, and my 4-speed 68 GTO convertible. Other than those, you may be correct ;^)
“GM has been making substandard vehicles since the 1950’s.”
Excepting, of course, my 57 Chevy 283, my 58 Chevy, my 59 ‘vette, and my 4-speed 68 GTO convertible. Other than those, you may be correct ;^)
I have a 4-Runner and an S-2000
Uhh. GM did not make substandard cars in the ‘50’s. That era was the pinnacle of the American Automobile industry.
My all time favorite car is the ‘57 Chevy Bel Air 2 dr. hardtop with a 283 cubic in. V8 with 2 4’s and a stick shift.
Second favorite is the ‘59 Pontiac 4 dr. Flattop Bonneville or Starchief Widetrack fullly loaded.
I'd suggest they adopt the same system the "transplants" use to fill dealer orders ~ maybe even use Hyundai's system. Plus, reduce options and variability so the dealers don't have to carry enormous inventories just in case they get a sale.
Henry Ford was onto something important when he said "they can have any color they want just as long as it's black".
“Buy American, Buy Toyota and Honda”
If it makes you feel better to buy a foreign car assembled in America, that’s fine. When the bell tolls and the profits are made, where do you think the money goes? TOKYO. We have outsourced our jobs, imported crap from China, allowed the foreign manufacturers to come to America, build their cars and refuse to allow our car manufacturers to do the same in their countries and we wonder why we are the largest debtor nation on earth. When the Big 3 fail, so will the foreign companies because they use the SAME SUPPLIERS the Big 3 use. The reporter who did this story is an elitist who probably never spent a day making a real living.
I think you are right. These businesses need a bailout because they are NOT producing.
So how does propping them up save “jobs”? It just uses “jobs” as a nice way to disguise the welfare checks.
Ironically, it’s been conservatives who have been most dedicated to the idea of “Buy American,” and who purposely buy Big 3 cars whether they really wanted to or not. That loyalty to America was sucked up by the union bosses and turned into . . . President Obama.
What is wrong with this picture?
Whatever good will the automakers had left with the American people, and in particular with their most loyal customers-—the politically opposite, conservatives-—is fast going down the drain.
This is a 20th century industry that cannot come into the 21st century until it sheds the now unneeded union shackles. The only way to do that is for these companies to go into bankruptcy.
Cars will still be made in America by American workers.