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  • The Autos and Mentality That Ruined Detroit



    On Nov 17 10:51 AM Chris B wrote:


    > ...yet we are investing in the crappy SUV and subprime mortgage businesses
    > of the past instead, so nobody has to be out of a job. This is exactly
    > why China will be the dominant superpower in 15-20 years. They are
    > investing in the future, not subsidizing failure.

    Where do you get your news? The financial industry is shedding jobs like crazy. The "investment" in mortgage backed paper will be a failure just as the "investment" in the auto industry will be. In both cases the same medicine is called for: liquidate, recognize the losses and create a blank slate for some new leaders to build businesses.

    The automakers cannot keep their promises on pensions. We can recognize that now or we can wait until the problem grows even worse.
    Nov 17 13:19 pm |Rating: 0 0 |Link to Comment |View article
  • Could Capital Injections Save the Auto Industry?
    Don't use all caps. Just don't.


    On Nov 13 03:11 PM jimmy46 wrote:

    > A federal BAILOUT WOULD BE STUPID.
    >
    > The auto companies have so many problems that $50 Billion won't save
    > them.
    >
    > THEY NEED TO GET RID OF WASTEFUL WORK RULES THAT LOWER
    > PRODUCTIVITY.
    >
    > WORKERS &amp; RETIREE'S NEED TO PAY MORE OF THE HEALTH COSTS.<br/>
    >
    > THE UNION NEEDS TO HELP OUT.
    >
    > THE JAPANESE FACTORIES IN AMERICA DON'T HAVE GM'S PROBLEMS,
    > WHY???
    Nov 13 15:41 pm |Rating: 0 0 |Link to Comment |View article
  • Could Capital Injections Save the Auto Industry?
    They should go through bankruptcy. That would force them to show a workable plan of how they intend to become a going concern again. Then if the government wants to bestow goodies they can guarantee loans for the restructured entities. It's time the face the fact that our auto giants are going the way of the British automakers. For too long they have essentially been jobs programs (auto production) subsidized by financing companies.

    We've heard a lot about Wall Street pay lately. Let's talk about the jobs bank and the rampant absenteeism and all the other excesses of the auto workforce before we sign over the tax dollars.
    Nov 13 14:18 pm |Rating: 0 0 |Link to Comment |View article
  • Real Prices for New Cars Keep Going Down
    I agree with chuckp. The costs of car ownership have been somewhat backloaded. Cars are engineered in ways that make them as cheap as possible to assemble; it seems little regard is given to the cost to repair them.
    Jun 17 10:22 am |Rating: 0 0 |Link to Comment |View article

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