Why do Americans want their automakers to die?

January 5th, 2009 by John Hagen

When the November sales figures were released I wrote the following remarks to Dave:
Once again the American public is showing its preference for buying just what it doesn’t need! After all their whining about how Detroit doesn’t build the fuel efficient they want cars, let’s see what they buy.
November Toyota sales figures showed that as soon as gas [...]

Tags: automakers, ford, general motors, loans, toyota.
Cars and stuff

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Letter from a Ford dealer

December 12th, 2008 by DaveAdmin

As I watch the coverage of the fate of the U.S. auto industry, one alarming and frustrating fact hits me right between the eyes. The fate of our nation’s economic survival is in the hands of some congressmen who are completely out of touch and act without knowledge of an industry that affects almost every [...]

Tags: automakers, bailout, chrysler, Dealers, economy, ford, government, loans, paulson, pickups, senator, senators.
bailout

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UAW agrees to $1 per year; automakers still need cash

December 3rd, 2008 by DaveAdmin

That’s a headline you could actually read.
The UAW workers’ wages aren’t that important, in the whole scheme of things. Really. That’s not the big issue, at least not for Chrysler.
Take a look at Chrysler’s estimated expenses for Quarter 1, 2009. Out of $11.6 billion, wages account for $900 million. That’s much less than 10%. Even [...]

Tags: automakers, ford, loans, nardelli, toyota.
bailout

35 Comments

The Three Stooges of Detroit

November 25th, 2008 by Rich

The pathetic performance by the CEOs (Moe, Larry, and Shemp) was almost enough to make me change my mind about supporting aid for the automakers. They were that bad. Did their PR departments have any clue how to prepare them, or did they all just go off the reservation on their own?
Did Wagoner actually object [...]

Tags: automakers, ford, nardelli.
bailout

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My own conditions for a bailout (update)

November 20th, 2008 by DaveAdmin

Nobody asked me for my opinion, but then, I didn’t ask Mitt Romney, Michael Moore, Rush Limbaugh, or any other big-mouths for their opinions, either.
Incidentally, the auto industry economists DID clearly see economic troubles coming, at least six months before it did. Ford and Chrysler acted. GM did not.
So here are my conditions for loans [...]

Tags: automakers, bailout, banks, china, chrysler, economy, ford, GM, loans, merger.
bailout

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Tag Archive for 'ford'

Why do Americans want their automakers to die?

Letter from a Ford dealer

UAW agrees to $1 per year; automakers still need cash

The Three Stooges of Detroit

My own conditions for a bailout (update)