T Nation

Next In Line for Bailout: GM

Does GM still manufacture a significant portion of their cars in the US?

I at first thought that this thread was GumsMagoo asking for a bailout.

The government just needs to seize and run all business.

[quote]Anonymous Coward wrote:
Does GM still manufacture a significant portion of their cars in the US?

I at first thought that this thread was GumsMagoo asking for a bailout.[/quote]

LOL! I’ll take it! Viva Obama!

[quote]DoubleDuce wrote:
The government just needs to seize and run all business.[/quote]

They would do a great job. Just look how much they have grown government.

Anyone remember that thing called free market capitalism?

[quote]DB297 wrote:
Anyone remember that thing called free market capitalism? [/quote]

No, I’m not old enough. I read about in story books once though.

[quote]DoubleDuce wrote:
DB297 wrote:
Anyone remember that thing called free market capitalism?

No, I’m not old enough. I read about in story books once though.[/quote]
Free market capitalism never existed in this country.

[quote]GumsMagoo wrote:
Anonymous Coward wrote:
Does GM still manufacture a significant portion of their cars in the US?

I at first thought that this thread was GumsMagoo asking for a bailout.

LOL! I’ll take it! Viva Obama![/quote]

Don’t need Obama, the current administration is on a roll. They really are moving the country to socialism and not implied either.

So Americans are choosing to buy affordable foreign autos(often assembled within U.S. borders) and consequently Detroit needs to be bailed out for their failure to compete?

How long will it be before they’re demanding more tax-payer money so they can stay afloat just a little longer? If their automobiles fail to compete with that of the Japanese, why must the tax payers pay for their business failure?

I always wondered why American cars are so lack luster? Why are they so boring? And far from being more affordable then imports too. People are actually choosing to pay more for imports, why? Because they know they’re better cars. They look better, perform better and last longer.

GM is being run by accountants and bean counters and not by young “in touch” engineers. Young fresh ideas get squashed by the old guard .

[quote]Gregus wrote:
I always wondered why American cars are so lack luster? Why are they so boring? And far from being more affordable then imports too. People are actually choosing to pay more for imports, why? Because they know they’re better cars. They look better, perform better and last longer.

GM is being run by accountants and bean counters and not by young “in touch” engineers. Young fresh ideas get squashed by the old guard . [/quote]

A huge anchor on American car companies is the union benefits.

It costs American car companies more to build a car due to the ridiculous pay and benefits the UAW is extorting so something has to give.

American car companies cannot compete head to head because of this so they structured their businesses to produce things the rest of the world does not want or consequently build well, such as SUVs, pickups, minivans, etc. Now Japan has targeted these areas and combined the current concerns about fuel prices Detroit is in deep shit.

Non union foreign car manufacturers do very well will plants in the US.

I wonder when American auto makers are going to realize the economy doesn’t need them.

[quote]abcd1234 wrote:
So Americans are choosing to buy affordable foreign autos(often assembled within U.S. borders) and consequently Detroit needs to be bailed out for their failure to compete?

How long will it be before they’re demanding more tax-payer money so they can stay afloat just a little longer? If their automobiles fail to compete with that of the Japanese, why must the tax payers pay for their business failure? [/quote]

I guess the tarrifs weren’t high enough? usually they like to bail these guys out on the down low with tarrifs and other regulation. Still at our expense,but at least a bit more suttle.

I wounder who’s next? Someone needs to take the checkbook away.

[quote]Zap Branigan wrote:
Gregus wrote:
I always wondered why American cars are so lack luster? Why are they so boring? And far from being more affordable then imports too. People are actually choosing to pay more for imports, why? Because they know they’re better cars. They look better, perform better and last longer.

GM is being run by accountants and bean counters and not by young “in touch” engineers. Young fresh ideas get squashed by the old guard .

A huge anchor on American car companies is the union benefits.

It costs American car companies more to build a car due to the ridiculous pay and benefits the UAW is extorting so something has to give.

American car companies cannot compete head to head because of this so they structured their businesses to produce things the rest of the world does not want or consequently build well, such as SUVs, pickups, minivans, etc. Now Japan has targeted these areas and combined the current concerns about fuel prices Detroit is in deep shit.

Non union foreign car manufacturers do very well will plants in the US. [/quote]

Someone needs to grow some balls. If we don’t bail them out, they’ll be forced to fix it. This not aimed at any actual union members, but fuck the union. Funny thing is, I have heard anything possitive about various unions, even from union members.

Detroit is in deep shit now:

http://money.cnn.com/2008/10/31/news/companies/gm_chrysler/index.htm?source=yahoo_quote

[quote]GumsMagoo wrote:
Detroit is in deep shit now:

http://money.cnn.com/2008/10/31/news/companies/gm_chrysler/index.htm?source=yahoo_quote[/quote]

they made their bed, they need to lie in it.

I do feel a bit sorry for them dealing with high taxes and every changing regulation and standards. if the gov’t wanted to cover them on this, I would not have a problem with that. I would only blaim the ever changing regulation and standards and high corp tax. This to me would be an expense of stupid economic policy.

[quote]dhickey wrote:
Zap Branigan wrote:
Gregus wrote:
I always wondered why American cars are so lack luster? Why are they so boring? And far from being more affordable then imports too. People are actually choosing to pay more for imports, why? Because they know they’re better cars. They look better, perform better and last longer.

GM is being run by accountants and bean counters and not by young “in touch” engineers. Young fresh ideas get squashed by the old guard .

A huge anchor on American car companies is the union benefits.

It costs American car companies more to build a car due to the ridiculous pay and benefits the UAW is extorting so something has to give.

American car companies cannot compete head to head because of this so they structured their businesses to produce things the rest of the world does not want or consequently build well, such as SUVs, pickups, minivans, etc. Now Japan has targeted these areas and combined the current concerns about fuel prices Detroit is in deep shit.

Non union foreign car manufacturers do very well will plants in the US.

Someone needs to grow some balls. If we don’t bail them out, they’ll be forced to fix it. This not aimed at any actual union members, but fuck the union. Funny thing is, I have heard anything possitive about various unions, even from union members.[/quote]

The only solution is to shut the doors because the union isn’t going to go away.

Let them go out of business, don’t bail them out and someone will take their place.

Don’t subsidize ridiculous pay for union members or executives.

[quote]Zap Branigan wrote:
dhickey wrote:
Zap Branigan wrote:
Gregus wrote:
I always wondered why American cars are so lack luster? Why are they so boring? And far from being more affordable then imports too. People are actually choosing to pay more for imports, why? Because they know they’re better cars. They look better, perform better and last longer.

GM is being run by accountants and bean counters and not by young “in touch” engineers. Young fresh ideas get squashed by the old guard .

A huge anchor on American car companies is the union benefits.

It costs American car companies more to build a car due to the ridiculous pay and benefits the UAW is extorting so something has to give.

American car companies cannot compete head to head because of this so they structured their businesses to produce things the rest of the world does not want or consequently build well, such as SUVs, pickups, minivans, etc. Now Japan has targeted these areas and combined the current concerns about fuel prices Detroit is in deep shit.

Non union foreign car manufacturers do very well will plants in the US.

Someone needs to grow some balls. If we don’t bail them out, they’ll be forced to fix it. This not aimed at any actual union members, but fuck the union. Funny thing is, I have heard anything possitive about various unions, even from union members.

The only solution is to shut the doors because the union isn’t going to go away.

Let them go out of business, don’t bail them out and someone will take their place.

Don’t subsidize ridiculous pay for union members or executives.[/quote]

they could stand up to the union. If the doors are going to close anyway, just start cutting benefits, pay, employees, whatever they need to do to stay afloat.

[quote]LIFTICVSMAXIMVS wrote:
I wonder when American auto makers are going to realize the economy doesn’t need them.[/quote]

That’s what I was thinking.