Yep, you're a pretty keen observer. I give your comment the consideration it deserves.
Posted on 03/18/2009 8:09:49 AM PDT by bestintxas
General Motors Chief Executive Rick Wagoner says the automaker would end up being liquidated if it enters Chapter 11 bankruptcy protection.
Wagoner says restructuring out of court would accomplish 99 percent of what could be achieved in bankruptcy. But he says it wouldn't have the risk of scaring away customers or the huge expense of Chapter 11.
Wagoner made the statements Tuesday at a breakfast in Washington, D.C., sponsored by the Christian Science Monitor.
General Motors Corp. has received $13.4 billion in federal loans and is seeking another $16.6 billion. The company faces a March 31 deadline to finish its viability plan and show the government it's worthy of the money.
(Excerpt) Read more at foxnews.com ...
The foreign owned plants are doing better.
They are not “doing fine”.
Also, Detroit was always the leader in larger vehicles, which our government does not like.
“Doing fine” is relative in that they are not bleeding profusely like Detroit.
Detroit decided to keep the business model to make and concentrate on large cars unlike its competitors who balanced the issue.
I hope the Corvette Club gets together and buys the Bowling Green Plant.
I will buy stock in that.
Who cares if America loses another industry. Pay no attention to Main Street voters. Only Wall Street bailouts with bonuses please, we’re Republicans.
“US plants foreign-owned and run by American workers are doing fine”
You gotta be kidding me! Mitsubishi isn’t even running any production. NUMMI laid off a whole shift. Toyota production is way down. These companies are NOT doing fine!
Reorganization will take care of that, without gubmint intervention.
If you would like to be added or dropped from the Michigan ping list, please freepmail me.
Then go liquidate. File bankruptcy. Whatever. Just leave me alone. I don’t want to hear the whining anymore. I didn’t get you into the mess you are in.
I’d add the Gun&Ammo salesman but it may be turned into a regulator job if the 2nd Amendment appears inconvenient to the libs and they are successful in interpreting “right shall not be infringed” to add “after acceptable government controls”.
As far as cars, Obama will try his best to force Americans into the big cities like the one he grew up in, by taxation and other financial incentives. One reason he wishes to do this is to control people and energy demand by forcing them into public transportation. Virtually impossible to do this in the vast swath of America but very possible if he can get large numbers of Americans back into the cities.
Result of using public transportation = fewer cars.
General Motors Chief Executive Rick Wagoner says... restructuring out of court would accomplish 99 percent of what could be achieved in bankruptcy. But he says it wouldn't have the risk of scaring away customers or the huge expense of Chapter 11."restructuring out of court" would never be allowed by the gubmint. OTOH, Obama can't have any independent political entities of any size power or consequence running around, and is therefore no friend to unions.
Whoops! And thanks grellis.
General Motors Checkmates Obama In Two Moves
(Another Huge Bailout Coming)
Time | 3/16/2009 | Douglas McIntyre
Posted on 03/18/2009 1:20:49 PM PDT by mojito
http://www.freerepublic.com/focus/f-news/2209378/posts
No, they're not. All the Japanese companies are bleeding from low sales. They're having the same problem that Ford is: they built loads of small cars cuz the price of gas was high, and now that gas is cheap, nobody wants to buy those little death-traps.
Ford and the foreign cos are hurting too, and now Ford is calling for a gas tax to force people to buy their tiny death-traps.
You are simply inobservant, and uninformed.
The vehicles that you pictured are not the problem; its their huge inventory of unsold, and unsaleable small vehicles that caused For to call for a $2 gas tax to force buyers to accept useless small deathtraps.
“You are simply inobservant, and uninformed.”
Are you really that stupid that you want to name call when you’re in the wrong? The only reason that Ford might call for a gas tax is that they are selling an SUV hybrid, and their fuel economy bests GM. But I’d like to see documentation before I accept your claim. You have damaged crediblity.
As for Ford having a lineup of small deathtraps?
Cars:
Fiesta - An econobox piece of crap. The kind you refer to, but not exactly the star of Ford’s product line.
Focus - A small car that sells well.
Mustang - A sports car, NOT AN ECONOMY CAR.
Fusion - Midsize, it’s actually a Mazda 6. NOT AN ECONOMY CAR.
Taurus - Full size car. NOT AN ECONOMY CAR.
Crossover:
Flex - A large station wagon type car. NOT AN ECONOMY CAR.
Edge - Even larger, a bit more suv-like. NOT AN ECONOMY CAR.
Taurus X - Classic station wagon. NOT AN ECONOMY CAR.
SUV:
Escape - Mazada Tribute, smaller SUV. NOT AN ECONOMY CAR.
Escape Hybrid - Not small, but it is an economy car.
Expolorer - Standard SUV. NOT AN ECONOMY CAR.
Expedition - Large SUV. NOT AN ECONOMY CAR.
Sport Trac - Combo truck/car. NOT AN ECONOMY CAR.
Trucks:
Ranger - Small truck, economy truck.
E Series - Large van. NOT AN ECONOMY CAR.
F 150 - Large truck. NOT AN ECONOMY CAR.
Super Duty - Xlarge truck. NOT AN ECONOMY CAR.
Commercial truck - Definately NOT AN ECONOMY CAR.
So, according to Ford, they offer 18 models. Of those 18, 4 could be considered economy cars. Of the four, only 2 are even close to the “deathtrap” category you rail about.
So, are you maintaining that Ford concentrated on making the Focus and Fiesta, and the rest of their lineup was just for show?
Nobody's hybrid cars are selling. - Ford's hybrid has cost them a ton, but the cars that people want, and are buying, are not small. All manufacturers have a large stock of unsellable small cars that no one in their right mind would buy.
If you think that Ford is well positioned, then go buy some stock.
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