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Originally posted by Oerdin
You have to sell cars and right now everyone is hurting badly.
You have to sell cars and right now everyone is hurting badly.
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That's funny, Toyota just set a sales record here.
"The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
Ben Kenobi: "That means I'm doing something right. " -
Here they are down 25% for the Toyota brand and 40% for the Lexus brand. I'm glad Canada didn't deregulate banking like the US did but the fact remains we're royally screwed because of it.
Allowing banks to go from leveraging 10 times assets to 40 times assets was just insane. Even minor loses get multipled 40 times at those levels so it just isn't maintainable but that's what happens when your politicians are for sale to the highest bidder like occurs in the US.Try http://wordforge.net/index.php for discussion and debate.Comment
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It made it through the House. Now on to the Senate.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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Ford sales are down like 40-45%. Toyota sales are up at record levels.Originally posted by Oerdin
Here they are down 25% for the Toyota brand and 40% for the Lexus brand. I'm glad Canada didn't deregulate banking like the US did but the fact remains we're royally screwed because of it.
So it's not just banking. It's that the American cars ****ing suck, and we know that here in Canada.
"The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
Ben Kenobi: "That means I'm doing something right. "Comment
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You're thinking of blueballs."The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
Ben Kenobi: "That means I'm doing something right. "Comment
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Oerdin,
Shelby may or may not be "a piece of crap" but in this instance I think he's right. This is simply the first installment. This isn't enough to keep GM (or Chrysler) afloat long-term. Dunno about Ford.
-Arriangrog want tank...Grog Want Tank... GROG WANT TANK!
The trick isn't to break some eggs to make an omelette, it's convincing the eggs to break themselves in order to aspire to omelettehood.Comment
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Like I said it was never designed to keep them afloat long term. It's designed to prevent total collapse until the new president and congress take office and a comprehensive solution can be worked out.Try http://wordforge.net/index.php for discussion and debate.Comment
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You've actually hit on the point wrt the reason why bankruptcy isn't an option. This is a bailout of the Union not the Big 3 as the labor contracts would be among the first things scrapped in Chapter 11 IMO.Originally posted by Asher
Throwing money at GM, who will fail anyway, just delays the inevitable.
Unless you bust the UAW, there's no point.I make no bones about my moral support for [terrorist] organizations. - chegitz guevara
For those who aspire to live in a high cost, high tax, big government place, our nation and the world offers plenty of options. Vermont, Canada and Venezuela all offer you the opportunity to live in the socialist, big government paradise you long for. –Senator RubioComment
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Originally posted by Asher
Ford sales are down like 40-45%. Toyota sales are up at record levels.
So it's not just banking. It's that the American cars ****ing suck, and we know that here in Canada.
This is simply the first installment. This isn't enough to keep GM (or Chrysler) afloat long-term. Dunno about Ford.
I saw a recent survey that showed Ford's quality is now approaching that of Toyota. Furthermore, Ford has already mortgaged all of their assets so they have, IIRC, somewhere in the neighborhood of $15 billion on hand. Ford is the only one of the Big Three that can honestly point to the financial crisis as the major source of their problems.
From what I've read, Ford went to Congress to show support and argue the need for a domestic automobile industry as a whole, something they regret now that they're taking a PR hit for GM and Chrysler's mistakes.
Also, don't know if this has been brought up or not: Chrysler's Hidden Coffers :
Why is Cerberus, one of the world's richest private equity firms, begging for a bailout?
When I wrote about the bailout blunders of the auto industry two weeks ago, I thought the Big Three had most likely topped out on the political outrage meter. But that was before the shady story of Cerberus, the uber-connected private equity firm that owns Chrysler, reared its three ugly heads over the weekend.Comment
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Two thoughts on this:I saw a recent survey that showed Ford's quality is now approaching that of Toyota
1) Long-term quality, or that bull**** "initial quality" thing? I love those commercials hyping some JD Powers "initial quality" award. Who gives a **** about that? What matters is how the car is doing 5 years or more down the road.
2) If Ford is now "approaching" Toyota quality, well good. Finally.
Also, **** Cerberus.
-Arriangrog want tank...Grog Want Tank... GROG WANT TANK!
The trick isn't to break some eggs to make an omelette, it's convincing the eggs to break themselves in order to aspire to omelettehood.Comment
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**** quality. BMW never ranks top, but so what? Their EBIT margins are (well, were...) beat only by Porsche.Originally posted by Serb:Please, remind me, how exactly and when exactly, Russia bullied its neighbors?
Originally posted by Ted Striker:Go Serb !
Originally posted by Pekka:If it was possible to capture the essentials of Sepultura in a dildo, I'd attach it to a bicycle and ride it up your azzes.Comment
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Yeah, precisely. The union is GM's main creditor. And they certainly aren't going to vote to wipe themselves out. They will liquidate ----if they have to.Originally posted by DinoDoc
You've actually hit on the point wrt the reason why bankruptcy isn't an option. This is a bailout of the Union not the Big 3 as the labor contracts would be among the first things scrapped in Chapter 11 IMO.
But I don't think it can be considered a "bailout" of the union. The union is not facing bankruptcy. It can liquidate GM and has pension guarantees. The bailout ensures that the companies stay in business.Last edited by Vanguard; December 11, 2008, 20:53.VANGUARDComment
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Always wondered WTF that was all about.Originally posted by Arrian
1) Long-term quality, or that bull**** "initial quality" thing? I love those commercials hyping some JD Powers "initial quality" award. Who gives a **** about that? What matters is how the car is doing 5 years or more down the road.
-ArrianThe undeserving maintain power by promoting hysteria.Comment
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I believe it's based on number of manufacturing defects reported within a year of use of new cars.
Sort of a silly statistic, since that's not what people think of when they think "quality" or "reliability".12-17-10 Mohamed Bouazizi NEVER FORGET
Stadtluft Macht Frei
Killing it is the new killing it
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