Big Three automakers running out of time »
Posted By STONERS 7 months, 2 weeks ago in NewsDetroit's Big Three automakers are running out of time in their quest to convince skeptical lawmakers that Congress should throw them a $25 billion lifeline.
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STONERS7 months, 2 weeks ago
"Top executives with General Motors, Ford and Chrysler will return to Congress on Wednesday, appearing before a House committee to plead for a "bridge loan" to give them a massive infusion of cash to prevent millions of layoffs, stave off bankruptcy and stabilize their teetering companies."
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Jeboba7 months, 2 weeks ago
The big three tried several times over the years to make smaller cars that got better gas mileage but people wouldn't buy them. They produced what people would buy!...biga$$ guzzlers.
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The Union's greed in demanding the lowliest worker make $24 an hour and rediculous benefits while doing shoddy work is, in my opinion, the BIGGEST reason the big 3 never could and never will be able to compete with the imports. Even the imports made in the US are union free. Their employees have voted down the union every year! The reason? The companies treat them like gold. Listen to them. Reward them in ways other than outrageous pay and benefits. They make the worker feel appreciated and valued. The worker returns the favor by doing good work!
Until the unions are busted out of the big 3, it will never change. I would like to say let 'em fail but what about the millions of good people working in other businesses that support the auto industry. Can we really afford another 3 or 4 million people on the unemployment rolls...losing their houses....etc?
I don't know what the answer is but a good start would be throwing out every one of the top executives along with the union. Offer the workers a fair wage and insurance plan, etc.
BTW, the new Chevy Malibu is a great car. I'd consider one over a Toyota Camry but I would be afraid it would be worthless when parts and service were not available for it!
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reallypsst7 months, 2 weeks ago
Read my comment of the auto bailout posted by jwojdylo. Here is solution part two.If the three greedy scam artist want help they can merge and with all of there technology's they can retool and build all electric ,flex fuel vehicles under one umbrella making it affordable for all Americans , the government can also chip in and release its patent on the solar rechargeable battery nasa has running on mars and all those patents on steam ,hydro run engines that are currently sealed by congress. Also unions were variable and necessary years ago that is no longer the case now .Labor must have a share in stocks and a vote on all company decisions and management.that is it folks eliminate the middle man and let the american worker excel according to his labor!
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Jeboba7 months, 2 weeks ago
Your idea to merge all three into one company has merit. I like your plan EXCEPT giving the unions ANY position in the new company. Have you looked to see what top union Executives make? Just as insulting as the auto execs! In truth, the workers have been screwed by the unions for decades.
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cratingchicago7 months, 2 weeks ago
I disagree with the idea of a Federal Bailout of the Car Manufacturers BUT...they represent 10 percent of all working
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Americans between the companies themselves, the vendors, and associated industries. We CANNOT let them fail. Having said that, I think the money should be restricted to urgent recapitalization and R and D into new technologies that they can share-ie new batteries, hybreds, alternative fuels etc.
THIS SHOULD NOT BE A BAILOUT OF THE UAW, WHO TEND TO BE OVERPAID, OVER BENIFITED AND LAZY. IF THEY DON'T HELP WITH THE
SOLUTION THEY WILL CONTINUE TO BE THE MAJOR PART OF THE PROBLEM. IN THAT EVENT,DECERTIFY THE UNION OR ELSE ENCOURAGE THE AUTO COMPANIES TO MOVE TO RIGHT TO WORK STATES DOWN SOUTH. -
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apoiii7 months, 2 weeks ago
We had bailed out Chrysler many years ago and they succeed for many years. This loan is the lesser of two evils and has some accountability that washington does not have. So spread the wealth and we will see the change!
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gogy10207 months, 2 weeks ago
I agree with reallypsst. They don't need anymore vacation money . let them start working and use their brain and technology already in place.
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mackiemesserComment removed: User banned.1 Reply
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a29487 months, 2 weeks ago
There you go boys. Fly into Washington in your private jets, and hold your hand out to the taxpayers. They could do so much to cut waste, it would be unbelievable. If they had to depend om me to buy a new car, they would have been broke years ago. I only buy used cars. Buy them and drive them til they drop.
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brian9457 months, 2 weeks ago
Wow...collapse of the big 3=unemployment= higher prices for foreign cars=more money to the japanese
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Mr_Sir7 months, 2 weeks ago
Not sure I want to see them collapse, but business is business. If they badly need restructuring and a change of business plans, then they should face that just like thousands of smaller businesses do. There's a limit to how much help they taxpayers should be responsible for.
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disasilk7 months, 2 weeks ago
It does not take a rocket scientist to figure out this out. Our UAW gold lined executives are living in prehistoric times with their bull crap contracts and the Auto Makers accepting this **** which shows that they couldn't manage their way out of a wet paper bag. The suppliers that have been tightening up their belt buckles for thet last ten years due to the fact that these dumb ***** can't pay their bills, and now they want more gold to loine their pockets???????????. you all deserve everything coming to you.
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lindsaydom7 months, 2 weeks ago
GM, Ford and Chrysler should just have a bake sale to cover their expenses.
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milo26027 months, 2 weeks ago
Let's see here, you build junk, you charge too much for the junk for 25 years or more and now these stiffs are in Washington looking for some dough. Bad formula if you are a business major. Blame the UAW for being too greedy and now it's payback time. Good luck losers.
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goosevval7 months, 2 weeks ago
The results of doing nothing will have a terrible domino effect on the entire country-- it Will have an affect on You and ME!!! Too many companies depending on each other! I agree that the products produced by the 3 auto makers were and are junk. We are in a no-win situation. We NEED SOLUTIONS. No need to remind us of the problem!
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jessadams67 months, 2 weeks ago
well I am one of those over paided workers.as a union member I have paided my dues yes maybe we are at a time that neededs change but I get no were near the money the top people get. I feel that the people out there are not awear of the snow ball effect that it will cause for and already damaged eonomy
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Jeboba7 months, 2 weeks ago
Oh boohoo! You can't live on your $30 an hour? Get real! You make WAY too much money yourself for what you do.
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BlueAutumn_1989Comment removed: User banned.
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cyberopbug7 months, 2 weeks ago
No Bail out. Thank God for the Japanese. They actually forced us to build a better car. I have never bought a foreign car, always hoping our car makers would come around. Guess not.
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robandcath5197 months, 2 weeks ago
The GM CEO is making $18 million dollars a year. Ford CEO is making $20 million a year. The GM CEO flew from Detroit, to Washington DC today on one of eight private jets GM owns. The cost of the today's flight, approximately $20K. A first class Northwest airline ticket was less than $900. Why as a taxpayer should I pay for their perks? Their salaries? Let them fold. UAW is wrong for the times. They were once powerful, too powerful. Let them see what the real world is like now.
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Jeboba7 months, 2 weeks ago
But don't you see? This is the Republican plan. Let the rich get as rich as possible because surely in the goodness of their hearts they will pass some of their wealth down to the more deserving beneath them.
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Have you stopped laughing yet? You can thank Mr. Reagan for starting this crap and now it has imploded on our entire economy.
You want the reason this country is failing? Just look at the GOP!
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BlueAutumn_1989Comment removed: User banned.1 Reply
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normallysilent7 months, 2 weeks ago
Well I don't think asking for a loan actually falls into the bailout category. It's not a gift, like what was just handed to the banks.
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For all those for just letting them fold. If they do fold, good luck and hope you are going to be as insulated from the far reaching effects it will have as you think. Somehow I doubt you are. -
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pikebill7 months, 2 weeks ago
4 million auto workers. Give them $600 a week for unemployement for 1 year. Equals $2.4B, a lot less than $25B. While we are at it, add another $300 a week to the 16 million currently collecting about $300 a week and that brings us to $7.2B (assume about $4.8B is already being paid to 16M unemployed). That's a whopping $600 a week for 20 million unemployed workers for a year.
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Each worker will have the opportunity to train for other employement, find another job or eventually return to a stronger US car company getting out of Chapter 11.
In the end, we have a stronger Auto industry, the unemployed surving a tough econmony for a year, less tax burden. -
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littlebitkm27 months, 2 weeks ago
Boy you people that keep saying not to help the big three out of this jam should kick yourself right in the rear,If the government and american people would stop trading and buying foreign products and cars we wouldn't be in this situation,sure the big guys in office should not keep getting big bonus checks instead they should be reduced,but if we the americans don't help, what kind of people are we.It would mean that we don't stand behind our country but that we support all those foreign countries who are getting richer off of us.
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