Should we just let GM, Ford and Chrysler fail?

[MMDad (Premo)]

Originally Posted by Pete

Toyota is down 35% compared to GM's 42%.

Actually, GM is down 86% in the last year compared to 36% for Toyota.

[Larry Gude (Premo)]

...a better question would be:

Given that banks and insurance and housing are now all directly part of the federal government and are costing well over a trillion dollars, why NOT have auto's be part of the mix?

And, for that matter, why NOT airlines? Hell, GM and Ford and Chrysler only want $50 billion. For now. Fiscal prudence says that, given what we've already done, that's a bargain.

The Bush administration screwed up royally when they bailed out wall street. They opened Pandora's box. They screwed up worse not even rightly dragging any Democrats down with them, thank you John McCain. Anyone who went along with it, went along with it.

There is NO argument against this sort of insanity that doesn't begin with the following sentence;

Given the fact that the Bush administration made another terrible mistake, this time, the wall street bail out, should we just keep making this type mistakes, or stop making these type of mistakes?

[Larry Gude (Premo)]

...dawned on me what a waste of time the previous post actually is.

[Pete (Premo)]

Originally Posted by MMDad

Actually, GM is down 86% in the last year compared to 36% for Toyota.

I just looked and October sales were down 45% for GM and 23% for Toyota.


toyota is no immune to this either.

On Thursday, Toyota Motor Corp. reported that its second quarter net income plunged 69 per cent from a year earlier. As well, it said that full-year earnings will likely fall 68 per cent over the previous fiscal year. The shares, which trade as American Despository Receipts in New York, fell 16.9 per cent, to $66.80 (U.S.).

Toyota is still profitable unlike GM and Ford, still posting profits and not losses.

If GM, ford and Chrysler all fail and Toyota and Nissan get 100% market share for auto's who and what is to stop them from moving everything back off shore and using cheap labor elsewhere? They will have no US competition, they will have a monopoly.

[Gtmustang88]

Originally Posted by Kittykat33

I work for GM!!! We have had ALOT of lay off's this past month. It is really scary thinking we can lose our jobs!

YOu work directly for the dealership though, a crappy one at that.
I beleive he is talkin about people who work directly for gm and there plants, but your job will be effected if there aren't cars to sell.

[Pete (Premo)]

Originally Posted by Gtmustang88

YOu work directly for the dealership though, a crappy one at that.
I beleive he is talkin about people who work directly for gm and there plants, but your job will be effected if there aren't cars to sell.

She would be included in one of the 4 million workers who provide services/support for GM.

[ylexot (Premo)]

Originally Posted by Pete

She would be included in one of the 4 million workers who provide services/support for GM.

Right. Part of the vast majority of jobs that would just move over to the businesses that survive.

[itsbob (Premo)]

Originally Posted by Pete

I would think that if you sell in the US you have to comply with US regulations.
?

But isn't this why all the big truck engines and big performance engines are built outside of the US.

Like the big 5.7 Liter that gets 12 MPG is built in Mexico. It CAN'T be built in the US because it doesn't meet the current MPG limit placed on the car manufacturer by Congress.

So being sold in wouldn't be the key, but being built in would be?

[Gtmustang88]

Originally Posted by Pete

She would be included in one of the 4 million workers who provide services/support for GM.

Yea, not the greatest industry to be associated with at the moment.

[Pete (Premo)]

Originally Posted by itsbob

But isn't this why all the big truck engines and big performance engines are built outside of the US.

Like the big 5.7 Liter that gets 12 MPG is built in Mexico. It CAN'T be built in the US because it doesn't meet the current MPG limit placed on the car manufacturer by Congress.

So being sold in wouldn't be the key, but being built in would be?

No, light trucks are exempt form the MPG requirements. Also the MPG requirements are imposed "fleet wide" meaning you can have some 40mpg vehicles to counter the 12mpg vehicles.

On a side note Toyota and Chrysler are the only light trucks that offer a 5.7 liter standard engine. Both GM and Ford are smaller at 5.3 and 5.4 respectively.