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Kaboom! Auto Bailout Talks Collapse! - Printable Version +- MacResource (https://forums.macresource.com) +-- Forum: My Category (https://forums.macresource.com/forumdisplay.php?fid=1) +--- Forum: 'Friendly' Political Ranting (https://forums.macresource.com/forumdisplay.php?fid=6) +--- Thread: Kaboom! Auto Bailout Talks Collapse! (/showthread.php?tid=68095) |
Re: Kaboom! Auto Bailout Talks Collapse! - deckeda - 12-12-2008 http://www.caranddriver.com/reviews/hot_lists/high_performance/best_worst_lists/2009_10best_winners_and_losers_10best_cars+t-ceo_salary,_nascar+page-2.html 2009 10Best Winners and Losers - CEO Salary Re: Kaboom! Auto Bailout Talks Collapse! - Mac1337 - 12-12-2008 karsen wrote: Not true. Look at stats. In 2007 GM sold 9,369,524 vehicles, up 3% from the previous year. Due to labor costs and inefficiencies in the manufacturing process it costs GM approximately $2000 more to produce a vehicle than it does for Honda or Toyota. GM either has to sell an inferior vehicle or cut costs to be on par with the competition. Handing them billions of dollars isn't the answer. I agree with you on the cost issue but you can't tell me that GM's dealers are buzzing with customers. They are not. In fact, all this bankruptcy talks started with the financial collapse and of course gas prices. Re: Kaboom! Auto Bailout Talks Collapse! - swampy - 12-12-2008 So, if Congress fails to bail them out, the U.S. Treasury is ready to step up and give them the money!!! And the tax payers are gonna be stuck with the bill anyway. No bailout! http://www.foxnews.com/politics/2008/12/12/white-house-considers-tapping-b-fund-auto-industry/ Re: Kaboom! Auto Bailout Talks Collapse! - JoeH - 12-12-2008 Karsen, you make a big deal out of GM losing money last year on good sales. Well I partly agree with you, but, you also have to take into account that there were a number of large write-offs and expenses that should be one-time cost items. Part was the costs of closing or converting plants to different production. Another part was beginning to fund the health care trust fund for retirees as part of the process of transferring that responsibility and the trust fund to the unions. So, I don't know if GM can come back, but the lack of sales this year for everyone leaves them halfway through the process of changing their business organization and with little income coming in to pay for current operations and transition costs. Re: Kaboom! Auto Bailout Talks Collapse! - OWC Jamie - 12-12-2008 What I've read: The only automakers that made a profit and increased sales at the end of November for the year was Honda and Rolls Royce. |