GM/F/C bail out talk
11-20-08, 06:37 AM
#106
Lexus Champion
One of the senators at the hearing said flying commercial a time or two, or even private jet pooling to D.C. would at least send a signal that the execs "get it".
11-20-08, 06:46 AM
#107
Pole Position
Join Date: Nov 2007
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Had Bloomberg on in the office yesterday... I did not hear ONE SINGLE WORD ON HOW THEY PLAN TO FIX ANYTHING, just "We need the dollars, the economy is down, credit is down... blah, blah, blah... "
Rick Waggoner: "We have 20 vehicles that get 30mpg"... and yet you STILL bled $4.2 billion in ONE quarter.... hmmmm.... how was the flight in?
Rick Waggoner: "We have 20 vehicles that get 30mpg"... and yet you STILL bled $4.2 billion in ONE quarter.... hmmmm.... how was the flight in?
11-20-08, 07:10 AM
#108
Lexus Champion
Has anybody questioned Nancy Pelosi's use of a Government plane to fly back and forth to CA? She's filthy rich and could afford to fly on her own dime. Why doesn't she? The Government is, in many ways, just as broke as GM or Ford, yet she has a large plane at her disposal. Double standard?
11-20-08, 07:17 AM
#109
Lexus Champion
Yes, if Rick Wagoner flew commercial and the flight was cancelled and he missed his appearance in front of Congress we know how the Press would have shown pictures of the empty chair and castigating GM for not being serious about the whole issue. The whole issue is PR. Symbolism is important, but Americans tend to live in the world of Hollywood where all problems are solved at the end of the show. Unfortunately, reality tends to intrude on this make-believe world.
11-20-08, 07:55 AM
#111
Lexus Champion
No can do. Antitrust lawyers would be all over their case. You can't send three CEO's in the same industry on the same plane. The possiblility of collusion, real or imagined, is too great. No one in their right mind would allow this. This is the world we live in. Damned if you do, and damned if you don't.
Has anybody questioned Nancy Pelosi's use of a Government plane to fly back and forth to CA? She's filthy rich and could afford to fly on her own dime. Why doesn't she? The Government is, in many ways, just as broke as GM or Ford, yet she has a large plane at her disposal. Double standard?
Has anybody questioned Nancy Pelosi's use of a Government plane to fly back and forth to CA? She's filthy rich and could afford to fly on her own dime. Why doesn't she? The Government is, in many ways, just as broke as GM or Ford, yet she has a large plane at her disposal. Double standard?
In any case, I'm glad the whole issue is being questioned vs. a knee jerk bailout that is regretted later.
11-20-08, 07:57 AM
#112
Lexus Test Driver
No can do. Antitrust lawyers would be all over their case. You can't send three CEO's in the same industry on the same plane. The possiblility of collusion, real or imagined, is too great. No one in their right mind would allow this. This is the world we live in. Damned if you do, and damned if you don't.
Has anybody questioned Nancy Pelosi's use of a Government plane to fly back and forth to CA? She's filthy rich and could afford to fly on her own dime. Why doesn't she? The Government is, in many ways, just as broke as GM or Ford, yet she has a large plane at her disposal. Double standard?
Has anybody questioned Nancy Pelosi's use of a Government plane to fly back and forth to CA? She's filthy rich and could afford to fly on her own dime. Why doesn't she? The Government is, in many ways, just as broke as GM or Ford, yet she has a large plane at her disposal. Double standard?
The horse won't move because he's been beaten to death
11-20-08, 08:02 AM
#113
Racer
At this moment, I don’t know what I want to happen to the Big 3. I want them to learn their lesson but I don’t want to see the employees suffer from bad management. I kind feel bad for just purchasing a Benz when I probably could have gotten an American car. I think we need to demand more from our American companies but at the same time support them by purchasing their cars.
11-20-08, 08:05 AM
#114
Lexus Fanatic
iTrader: (20)
11-20-08, 08:11 AM
#115
Lexus Fanatic
iTrader: (20)
How did this conversation move to Ford's impending doom? I am of the understanding that Ford still has the cash reserves to get through 2010 even in a worst case scenario. They have also made attempts to restructure and seem to have a longer term plan. Are they not in a position to carry forward...especially if either/both GM and Chrysler go under?
11-20-08, 08:54 AM
#119
chapter 11, will allow them to blow away union contracts, then they can restructure.
why would you buy an inferior product because you felt sorry for that company? The market demanded more and the japanese satisfied that demand and hence why we buy their vehicles a lot more. Its not our fault they didnt listen to the marketplace for decades. Go ahead and buy their products if you wish, youre only helping the unions that destroyed those companies.
At this moment, I don’t know what I want to happen to the Big 3. I want them to learn their lesson but I don’t want to see the employees suffer from bad management. I kind feel bad for just purchasing a Benz when I probably could have gotten an American car. I think we need to demand more from our American companies but at the same time support them by purchasing their cars.
Last edited by 4TehNguyen; 11-20-08 at 08:59 AM.