will ford be the only big 3 left by april?

[pico]

looks like GM and Diamler are not going to come up with a plan by end of the month. i doubt they can reach an agreement with the union. so that means they'll have to return the gov money and go bankrupt.

[The General]

Interesting to actually think this could come to fruition. Who would have thunk it not to long ago?

[pico]

GM was losing around 70 billion for 2007-2008. seems like a bottomless pit. as obama said, our patience are running out.

[daggerkobe]

Only buy Hondas & Toyotas so doesnt matter to me.

[fiveteamer]

The auto union here is incredibly stupid. These assholes deserve to be out of work.

[pico]

Only buy Hondas & Toyotas so doesnt matter to me.

way to support america

once this auto industry go under, US will be naming Lockeed, Raytheon, and Northorp as the new big 3.

[pavyracer]

Interesting to actually think this could come to fruition. Who would have thunk it not to long ago?

The past tense of think is thought.

[fiveteamer]

Does a car really only cost 8% of its purchase priceto build? Are you telling me that there is a 92% profit margin on a car? No way, I hear that shit from the union. There is plenty of mismanagement in upper management, but you can't tell me an auto worker is worth $77/hr.

[pavyracer]

Most of the assembly plants have robots building the cars. Fire all the auto workers who make $80 an hour and hire a software engineer to run the robots. Save lots of cash.

[pico]

GM should just ask the gov to subsidize the union workers. That way, they can stay competitive and the gov runs a social program for all the workers.

[fiveteamer]

that is not capitalism.

[RogueJuror]

fivey america is fuk, im going to canada

[Matt Rain]

Coming soon to your nearest Tata Motors dealership:

[daggerkobe]

way to support america

once this auto industry go under, US will be naming Lockeed, Raytheon, and Northorp as the new big 3.

Who says I dont?

My Honda was built in Indiana. My previous Honda was built in Ohio... by American workers being paid American dollars. I purchased them from American salespeople working at American owned dealerships where I go to service my cars.

Almost every Honda & Toyota are built in America using American parts while "American" cars are built in Mexico & Canada using non-American parts.

Foreign brands employ close to 1 million US workers directly and indirectly. You may say but the profits goto Japan.... so? Dont McDonalds, Coke and Starbucks profits in Japan goto America? But its not like they stash the money in Mount Fuji.... they build more American factories and hire more American workers.

Its not like I never gave them a chance. My first car was GM... and what a junk it was. Warped brakes at 10k miles, blown transmission at 35k miles. Rattled like a spray can and sounded like a tornado at speeds above 50mph. Not to mention a horrid 20mpg (90% hwy) for a coupe.

My parents also used to only buy Fords. They would all start stalling at around 10,000 miles. And dealers would charge an arm and a leg trying to diagnose it. I finally talked them into buying Japanese.

The Blow 3 made a critical mistake by abandoning passenger cars in favor of gas guzzling behemoths like Hummer and Excursion instead of building reliable fuel efficient sedans. And guess what happens when gas prices quadrupled? People stopped buying Hummers and Excursions too. Its not they cant build quality cars... the new Malibu is getting rave reviews plus get better mpg than the Japanese. But too little too late.

[Igetp2s]

I hope all 3 go broke. I know people will lose their jobs, but they did it to themselves. They have reaped overly generous salaries and benefits for way too long. No reason for taxpayers to subsidize a business plan that cannot possibly be profitable. Unions need monopoly power to succeed, any time competition gets involved, the unionized firms stand no chance.

Another benefit is less union cash to buy off Democrats, who in turn come up with truly awful legislation to pay off their masters. See: Card check.

[Deuce]

Unreal. Some have no clue as to the American Auto Industry. Lots and lots of jobs rely on them. 10% of American incomes alone come from US auto makers directly or indirectly. Would cripple this country entirely if they disappear. Unions need to go. Restructuring is imminent. Once they go bankrupt and restructure they may have a chance because unions will be all gone.

[tullamore]

These Unions are out of control. I hope the Big 3 go into Bankruptcy, that is the only way the Union will agree to change. The job bank thing where laid off workers get paid $30+ hour to hang out, is wrong on so many levels. Restructuring needs to happen, and filing for bankruptcy will speed up that process

[pico]

http://money.cnn.com/2009/04/27/news/companies/gm_chrysler_reaction/index.htm?postversion=2009042716

looks like GM and Diamler are done

[losturmarbles]

there's a reason why gm and ford are bleeding money and toyota and honda are always on top. the former has to answers to the UAW, while the latter answers to the consumer.

Pontiac Aztek

[andywend]

I hope all 3 go broke. I know people will lose their jobs, but they did it to themselves. They have reaped overly generous salaries and benefits for way too long. No reason for taxpayers to subsidize a business plan that cannot possibly be profitable. Unions need monopoly power to succeed, any time competition gets involved, the unionized firms stand no chance.

Another benefit is less union cash to buy off Democrats, who in turn come up with truly awful legislation to pay off their masters. See: Card check.

Igetp2s, Excellent post.

[InTheHole]

[SBRFORUM][/SBRFORUM]

Coming soon to your nearest Tata Motors dealership:

Scary fuking vehicle...I rather ride a bicycle on the hi-way

[pico]

http://money.cnn.com/2009/05/26/news/companies/gm_bond_offer/index.htm?postversion=2009052704

looks more like it now

[cassiusclay]

there's a reason why gm and ford are bleeding money and toyota and honda are always on top. the former has to answers to the UAW, while the latter answers to the consumer.

Pontiac Aztek

great post right there...

[cassiusclay]

Does a car really only cost 8% of its purchase priceto build? Are you telling me that there is a 92% profit margin on a car? No way, I hear that shit from the union. There is plenty of mismanagement in upper management, but you can't tell me an auto worker is worth $77/hr.

no auto costs 8% of it's purchased price. a vehicle becomes less expensive to build the longer it is in production and drastically unchanged. 50-60% of MSRP is probably a better estimate.

funny stuff, both chrysler and gm still have enough money to run these ad campaigns all over tv etc.....

[PuckOff]

fivey america is fuk, im going to canada

You're welcome to stay at my house Rogie.

[PuckOff]

Almost every Honda & Toyota are built in America using American parts while "American" cars are built in Mexico & Canada using non-American parts.

Not true!!!

My Honda was built in Canada. My previous Honda was also built in Canada... by Canadian workers being paid Canadian dollars. I purchased them from Canadian salespeople working at Canadian owned dealerships.

Toyota also has plants in Canada.

[pico]

one day only job available in the states are gov welfare programs and insurance peddlers.

[hothandsmgee]

The American car companies have no idea what Americans need. Sure people will buy useless crap like hummers for a while, but they eventually realized efficiency is the key and Gm hasnt learned that yet.

[TheIntegrityKid]

its just sad to see.... whether you are for or against them being bailed out or going into bankruptcy

these companies should be more about producing a profit but in producing pride in a people....or is that concept lost in a new age???

[Flyers09]

fivey america is fuk, im going to canada

me 2...

[Flyers09]

You're welcome to stay at my house Rogie.

will you welcome me in as well...i dont like america anymore...not for this reason for many others

[arda10k]

not so many good policies with GM and they found themselves on the spot.. I totaly agree with the Hummers comment earlier and it might be one of the main reasons for GM to go down.

[PuckOff]

will you welcome me in as well...i dont like america anymore...not for this reason for many others

Yes..as long as you do not bring any american beer with you.

[TheIntegrityKid]

omg what is wrong with american beer? lol

[pico]

well, big 3 is now just big one and they own the lions.