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I can't imagine loosing the big 3 American car manufacture

What happen Should they be saved by the goverment and if yes, at what price With or without conditions???

It is my understanding that the strategy at this point would be to let it go into bankruptcy. That is what the economists are saying, cause if you give them money, it would only keep them afloat only to be faced with disaster after that money runs out. thats what i hear anyways, perhaps someone can tell us otherwise.


of course ive never understood bankruptcy...someone must wind up holding the bag after the failing business declares it. I guess if they get to write of their debts than the next company who didnt get paid will have to file and so on and so on...

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S c r e w them.. They have wasted enough money..

Yes, jobs will be lost.. (4.5 million estimated)

S c r e w them anyway.

Ouch! s c r e w them ok, but 4.5 million jobs lost, that's not ok I think they need to go bankrupt and let the goverment make the new rules

one thing i will say, the first stimulous package has seemed to have done nothing, except for maybe insured a few more million dollar spa getaways. I think we made a huge mistake with that first package...

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There are a myriad of problems in the auto sector snd all those involved share the blame.

From products that no one wants or needed (ie not reading the markets rights). We have Hummers and V-8 that really aren't needed but thrust upon us. Failing to read the need for more fuel efficient or alternative efficient and powerful engines to replace the combustuable engine (this would include efficient refuelling or recharging). This is the failure of the manufacturers. Also the insane salaries of the upper management (and remember I think the salaries of celebrities and sports figures are insane too).

The unions for making outragous demands on compensation (total package of approx $70/hr compared to Japan and S. Korea of about $40). Then going on strike it seems every year or so. Haven't they learned no one wins in a strike ad when it's over it will take years for both sides to recover what they lost.

The consumers who lease cars, keep them a year then changing them, leaving a glut of used vehicles out there.

Maybe what should be done is merge the Big 3, get rid of ALL the deadwood (management and workers) and start practically from scratch.

How many times has money been thrown at problems and it actually worked. I can't think of one.

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I love cars! Cars have always been in my life one way or another. But I think that the government should not bail them out. I think what will happen is one of two things. GM and Chrysler will merge and streamline the lines to get rid of vehicles that compete with each other; or, GM will declare bankruptcy and emerge as a new company without GMC and either Buick or Pontiac. The second will allow them to divest themselves of the heavy financial burdens of pensions and health benefits which will be pared down to 401ks, Roth IRAs and the employees will have to take on some of the costs of their health insurance. Unfortunately, whatever way it goes, jobs are sure to be lost.

This is true, but the car makers also have made available less costly cars and cars that are fuel efficient. They tend to advertise what sells. people WANT big cars, trucks and SUVs. You can't legislate people's spending habits or purchasing habits. did you know that a lot of the car lines sold from the US makers have hybrid versions? But the people that by those kinds of cars want a hybrid that looks like a hybrid...such as the Prius. Toyota sells more of those than they do of their Camry Hybrid because the Camry does not set itself apart from the gas powered version. The Chevy Malibu has a hybrid model, so does the Ford Fusion. I drive a car that gets over 30 mpg and I still love the sound of a V8. There are not many car lines with V8s except the Cadillac and the Corvette and some of the Chryslers with the Hemi. Most are V6s and 4s. Not including trucks in this, as some people actually need trucks, not just as a status symbol or the falsely perceived notion of bigger cars are safer. My 4 cylinder car has a 5 star safety rating.

It's kinda freaky hearing what all is going on with the big 3.

But....

Did anyone see the unveiling of the 2010 Mustang tonight? I don't like hardly any of the newer cars, but I'm pretty impressed with this new Mustang. Just went online to check my bank balance. (nope... can't afford one yet, Lol)

That and the new Challenger are pretty awesome. Hate cars in general, but I do like muscle cars. And those 2 are the best they've come out with since the 70's.

(but for the time being, I'm one of those dang gas-guzzling SUV drivers)

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I say let em go under that way those top exes. that are spending hundreds of thousands taking private jets to DC to beg for money instead of using commercial airlines can stand in the unemployment line with others.

Whats the big deal with a new car? In 40 years of driving and owning cars and motorcycles I have only owned one new one, and that was back in 1970 and it only cost $2,000.00 new.

I have been driving used cars ever since and if you take care of them you can get thousands and thousands of miles out of them. I just had to retire my 1976 Chevy van with over 350,000 miles on with no major work ever done on it.

Lone Wolf

Why should the taxpayers in US and Canada have to foot the bill to bail out these poorly-managed companies? If there is any bail-out at all, it should come from those who have profited the most from the automobile.

Yes, I'm talking about the industry that has reaped colossal profits in recent times from the very stuff that makes the products of these failing companies run... the oil companies! After all, they have the most to gain by the continued production of the gas-guzzlers.


Charmin, I didn't see that unveiling. But there is a 1978 King Cobra T-Top sitting in the garage of it's original owner, not too far from where I'm sitting at the moment!

You're forgetting the EV cars that were made in the late nineties.

There was a collective effort from the Big 3 and many other companies to introduce EV cars because they were MANDATED to by the California Aire Resources Board. Then after being lobbied and eventually sued, CARB relented when the Bush Administration offered support for Hydrogen powered cars. Since that was going to be the new scapegoat, CARB threw their supprot under that, and the mandate fizzled.

ALL the electric cars stopped production, GM's EV1 first in line. And they gathered them all up and crushed them, despite a mass movement on the part of those that were leasing them. GM has also stymied ALL efforts to get this car re-released, or even to allow what few are in existance to be brought back to operational status.

Ford has their RangerEV, and won't put them out.

Toyota only puts the RAV4EV on a lease, and NOT to the general public.

Honda had the CivicEV. But wouldn't sell them either.

What kills me is this... GM HAD a working, EFFICIENT model. AND they crushed them. So rather than reintroduce them, they decided to reinvent the wheel to tackle the Tesla, and the Lightning (British EV).

They spent over 1 BILLION dollars to make this and market it in their own limited way.

And they want a bailout??

There is a great video about this, called "Who Killed The Electric Car".

Of course, this is also the biggest negative to my suggestion of having the oil companies bail out the vehicle manufacturers... there would be no chance then, of continued development of a vehicle that doesn't use gas!

But that wouldn't stop some new company starting up and employing those with the knowhow to continue the electric car development, would it?

I've seen what happens before. It will create a domino-like filing of banruptcies by everone who does business with them. The 700billion(it's way more than 700 billion) will mostly go to foriegn banks, that's Ok, but 25 billion to try to prevent the biggest manufacturing catastrophy in world history is ludicrous..... I hope they don't bail them out, just so everyone can see how "IT WILL" affect them in some way....Americans need a lesson in why Greed keeps a Free Market from working..."In The Night, All Cats Are Gray"......

From one on social security. All the bailout will do is insure the execs one hell of a retirement like mil/month. It is out and out BS when I made mistakes I was out in the street homeless. That is where they ought to go They made the mistakes we didnt Y in the hell should we pay again. I will say it again.. We are broke people.. Quit spending flipping money you dont even have. It is total insanity.

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What sucks is the fact that american car companies had finally gotten it with regards to quality. Foreign vehicles have generally been better vehicles and consumers have been willing to pay more for it. Over the last few years, the American manufacturers have made great improvements in quality. My brother in law is a parts manager that deals with repair and warranty stuff and he said that there has been a big push for quality from GM and they have seen it in the newer vehicles. Of course there is always the clunker that you might get, but the GM vehicles seem to be more reliable and better built than ten years ago. But as it was said before, the US is greedy. In my line of work there is no union or anything like that. But I am a dentist and I talk to a whole lot of people every day. So many union workers feel so secure in their jobs and like to talk about how little work they do. They can sleep, drink, or even sneak out on the clock to see the dentist. The unions were in place to support and protect employees from overbearing or unsafe employers, and to ensure fair and competitive wages. Now it seems like unions are more about getting as much money as possible. In today's market, and even when things were going good, you can't pay somebody $50 an hour (especially when they don't work that hard) when you can farm it out to another country for $10 an hour. It just doesn't make business sense, but in this world, you can't make ends meet. Today Gary, Indiana had to lay off a handfull of firefighters because they couldn't make payroll. The union refused to give up a $750 a year uniform allowance or something like that, so people lost their job. There has to be some give and take or it will snowball.

One last thing on the union workers. Almost all of them do side jobs in their field and have people work on their cars, or houses, as side jobs. Doesn't that go against the whole "hire union workers" motto?

I love the USA but things are getting out of control and it is our own fault in many ways.

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Are you serious?

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♥ Laugh your heart out, dance in the rain. Cherish the memories, ignore the pain. Love and learn, forget and forgive. Because you only have one life to live. ♥

Life's natural law comes to mind on all these bailouts; Survival of the fittest. If we make sure NOBODY loses,..how does ANYBODY win????

Kelly

I feel bad that so many people will lose their jobs, but I agree no bail out for car companies. They will probably claim bankruptcy like the airlines had to. They will reform and eventially be better for it. The car industry needs an overhaul and I think this will in the long run be the best thing for them. No more million dollar bonuses for the CEOs might help ! Yeah - I think the government has got this one right.

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