Quote:
Originally Posted by B2E2RUN
It is NOT a bailout. it is a loan to "jumpstart" future energy efficient (read: CAFE standards) products. |
A rose by another name...
If we want to help the big 3 re-evaluate franchise laws. Allow them to close dealers and brands if need be. Provide incentives to tax payers who buy fuel efficient cars like the volt (for any automaker).
Things like the UAW contracts and pensions/healthcare we agreed upon by the then management, they need to be held accountable. Why should our money be given to them for their mistakes? GM has also absolved themselves of the healthcare benefits of retirees with the UAW VEBA put in place. They are now competitive with the transplants give or take.
If your company is losing billions after billions then why is your CEO and they rest of the brass still in charge?
At least Bill Ford had the foresight to see he wasn't the man to get the job done and the desire to better the company. Ford is now in a race, will they be able to make the change to a profitable company before they run out of money. They are mortgaged to the hilt and it’s an all of nothing gamble I wish them the best.
I firmly believe that there will not be a Chrysler as we know it in the next two years. GM has a chance but its close. If we have a big uptick in the economy in a year or two and if the Volt and similar do everything it’s supposed to and more they might just make it.