Congress now says the Big Three Automakers must show a plan in order to get relief money.?
What do you feel the big three must commit to in order to receive this money. I personally feel quality must improve and bring back jobs from mexico.
The main problem is that the auto industry is in a tailspin in general. Even the Japanese cars aren’t selling, nobody is buying new cars so giving them money may not guarantee their survival, it may only delay their inevitable demise. Improving quality won’t change the fact that people just don’t have the money to be buying new cars and until that changes nothing can save the Big 3. Think about it, if they got all that money and a year from now the economy is still no better they will have already used up all the taxpayer money and they’ll be facing the same problem they have right now.
It’s simply naive to think that giving them money will make them stronger companies, they’re not in trouble because everybody is buying Japanese cars, they’re in trouble because nobody is buying cars.
Jethro G | Nov 20, 2008
They shouldn’t get any money period. They’ve already proven that they aren’t fit to run a company in any direction except into the ground. There is no reason to accept them at their word for anything, they’ll say whatever the politicians want to hear just to get the money. If they were capable of having any real business plan they wouldn’t be in this mess to begin with.
Sigmund Fraud | Nov 20, 2008
They need to do something quick. I think it would be a great disaster if these companies go under. I have driven ford and gm all my life. I am not about to switch to a rice burner. I am normally strongly opposed to labor unions, but when it comes to these 3 it is a matter of national security.
I think they should have a plan with the three of them merging into one, where they work together and share technology and information. This way they US companies have a fighting chance and be a leader in increasing gas mileage in cars, lowering emissions, and new product development. They will also be able to stop competing againt each other, and start competing with the foreign companies taking all of their market share. They will also need to stop wasting so much money especially for special interests of the unions, where they put union workers on more incentive plans. They should give them more stock options and less guarenteed pensions. With all three working together, prices will decrease due to better management of resources, new innovations will be made and more Americans would support the big three as opposed to Foreign companies.
tbonegeorge1000 | Nov 20, 2008
fire the management, disband labor unions, renegotiate labor contracts, cut costs, improve quality & fuel efficiency.
Better yet, no money but let them go into Chapter 11 protection, which would keep them running, and let them do the reorganization.
Finally, I see no problem with letting Toyota or Honda acquire them. They make better cars, and are making them in US, and they will have to give their stock to US shareholders of Big 3, so the only losers will be the CEOs.
Cthulhu fhtagn! | Nov 20, 2008
That’s silly. People are buying cars. Toyota just had their best summer sales this decade. The fact that they’re cars are tremendously fuel inefficient is exactly why people aren’t buying American.
They need keep their jobs at home, make a concerted effort to clean up their act and give us cars with Japanese efficiency, and begin participating in a national move towards clean energy.
We need an affluent Motor-City, it’s the flagship of American industry and a pinnacle of our economy. But they can’t be saved without making a few promises that will keep them our of this boat in the future.
sfru | Nov 20, 2008
People who say "Toyota just had their best summer sales this decade" don’t understand how quickly fortunes change, over the summer China and Russia seemed to have strong economies now both of them are experiencing faltering economies. In the summer when oil was $147 a barrel Russia had a booming economy as a result, now that oils is less than half that they’re having trouble. Summer is over and car makers in Japan are experiencing very difficult times, in fact Japan announced it was officially in a recession. People are NOT buying cars in this country so it’s going to be very difficult for the so called big 3 to turn things around unless they can somehow come up with an affordable car that doesn’t use gas which isn’t going to happen.
My name is Earl | Nov 20, 2008
Add comment October 27th, 2009