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Friday, December 12, 2008

The Automotive Bailout

8 comments:

  1. Bailout bs. Ford and Kia are giving free cars away now.

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  2. Merry Xmas from the United Auto Workers.

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  3. 8:44am

    Nothings free! Check it out!

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  4. That's just another GIMMICK! Read the fine print people.
    The new car dealers use gimmicks all the time to get you in the door.

    Gas, no higher than $2.99/gallon for the next 3 years...hmmm...that program did alot of good huh? LOTS of people fell for it, but what have they got now? Isn't saving them money now, is it?
    Buy a car, get a car free. The first car is marked up so high it's ridiculous. The so-called free car is stripped, not equipped.
    There's probably even more in the fine print.
    0% interest. Now this was probably one of the best things the auto dealers did. I actually participated in this back in '03 and always owed less than the vehicle was worth. First time that ever happened!
    I could go on and on about the gimmicks they use to get you to buy but look around at the prices they've lowered their vehicles to now....hell...you can buy a $60,000 truck for less than $30,000. Was the truck ever really worth the $60,000? NO!
    THAT is part of the reason they are in trouble. They refused to sell cars which were affordable to the masses.

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  5. Thats cool, so you want to lose 5million+ jobs?

    makes sense.

    how do you have your own site?

    Maybe if you wouldve added that the reason why they need a bailout is mostly because of union workers. 73$/hour needs to be cut in half.

    i have a 1994 bonneville and i have NO problems with it.

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  6. Why does everyone assume losing auto companies is a zero sum loss? if the big three go out of business and those cars are unavailable, then consumers who have to buy a car will buy one of the other cars that are still on the market. since most "foreign" cars are built here in the states now, their sales will increase, meaning those factories will see increases in demand, and have to hire more workers and buy more parts from suppliers. I say let the B3 go the way of the dodo and let market forces balance the equation. the only thing I would do is increase the tariffs on cars built overseas to encourage foreign made cars to be made here in the states instead, where there will be considerable market share abandoned when B3 closes. the result- stronger manufacturers, no bail out, probably cheaper, more well made cars.

    just my 2 cents.

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  7. I drove a ford van for many years and it was a very comfortable and reliable vehicle, not sh!tty at all.

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  8. For the people who keep saying that your cars aren't shitty: You missed the point of the picture. The point is that this country is in such a financial tail spin that we cannot afford to buy the cars. On another note, when you start worrying about the almighty buck instead of consumer safety you tend to make shitty cars. I some what agree with the statement that we should let the big three bite the dust. My freshman year in college this very topic came up in my marketing course in 2000. I think the big three saw this coming if my professor was discussing this in class basically 9 years ago. We have to pay for the cars and bail them out too.... WTF

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