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GM = Bankrupt

Dunno if they will go bankrupt but it serves them right for building gas guzzlers and I believe they a division of the hummer ...

I just kinda hope that Ford and Chevy follow them as they had a lot of time to build a smart car that can get 40+ MPG's. Any company that couldn't see what was going to happen in the past few years deserves what they get.
 
America will always be #1, top of the world, forever!!

Just sit on the couch, and relax!! Nothing to see here!
 
Originally posted by: desy
I think GM and Ford will suvive I'm not so sure about Chrysler tho

How? What can they produce that Americans will buy?

More imortantly, what Americans can afford anything they might produce?

I wrote about thier demise years ago in my oil/gas and economy threads.

Everyone has finally caught up. :thumbsup:
 
Originally posted by: ericlp
Dunno if they will go bankrupt but it serves them right for building gas guzzlers and I believe they a division of the hummer ...

I just kinda hope that Ford and Chevy follow them as they had a lot of time to build a smart car that can get 40+ MPG's. Any company that couldn't see what was going to happen in the past few years deserves what they get.
It has nothing to do with gas guzzlers and everything to do with a union that is bleeding them dry.

I believe that for every car they build they spend a lot on healthcare costs. (amount is questionable, perhaps $750 or $1500 not 100% sure)

We have had LONG threads about how the people who sweep the floors in their factories make $20 an hour thanks to the union etc.
 
With credit becoming increasing difficult to acquire from nervous banks, and consumers constrained by high gas prices, it is only logical that the auto industry would follow the housing industry's lead if nothing improves.
Blaming the unions is disingenuous as the overall auto market is down right now. Sales overall were down more than 18%, and it was the worst June for the industry since 1991. Even Toyota's sales were down over 9%. Of all the carmakers selling in the US, only Honda saw improved sales.
 
Originally posted by: desy
I think GM and Ford will suvive I'm not so sure about Chrysler tho

I don't think there's much hope for Chrysler. Their smallest vehicle is the Dodge Caliber, which isn't a bad car, but it's still not as fuel efficient as what many Americans want in the age of $4.25 gasoline. Also, as far as I know they are way behind in the area of hybrid technology and don't have any hybrids.

I think GM might survive. I dunno about Ford.
 
Chrysler couldn't even make the Smart car fuel-efficient. They are toast.

GM and Ford will survive, but I would be surprised if there weren't some big changes.
 
Ford will be the first one to go (my bet)

Their bread and butter is the F150, which is tanking hard in sales
The lost the competitive edge/crown in cars a decade or so ago
They have no decent economy car
 
Originally posted by: ProfJohn
Originally posted by: ericlp
Dunno if they will go bankrupt but it serves them right for building gas guzzlers and I believe they a division of the hummer ...

I just kinda hope that Ford and Chevy follow them as they had a lot of time to build a smart car that can get 40+ MPG's. Any company that couldn't see what was going to happen in the past few years deserves what they get.
It has nothing to do with gas guzzlers and everything to do with a union that is bleeding them dry.

I believe that for every car they build they spend $3000 on healthcare costs.

We have had LONG threads about how the people who sweep the floors in their factories make $20 an hour thanks to the union etc.

Yes because American workers should have sub standard 3rd world way of life.


No the real problem with American car makers is that the top brass CEO's do not know how to change and adapt to current market conditions. They keep on building the same gas guzzling, expensive and crappy cars while the Japanese focus on reliability, affordability and fuel economy in almost all their models. They still think that they have the ability to control the market, ignore market trends and consumers as if they were still in the hay day of the American automakers era of supremacy. They haven't got the clue yet that they are the underdogs and the Japanese took the market a very long time ago. Since they can't change or adapt fast enough they are going to die off. It happens in nature and it happens in the business world.
 
Originally posted by: Drift3r
Originally posted by: ProfJohn
Originally posted by: ericlp
Dunno if they will go bankrupt but it serves them right for building gas guzzlers and I believe they a division of the hummer ...

I just kinda hope that Ford and Chevy follow them as they had a lot of time to build a smart car that can get 40+ MPG's. Any company that couldn't see what was going to happen in the past few years deserves what they get.
It has nothing to do with gas guzzlers and everything to do with a union that is bleeding them dry.

I believe that for every car they build they spend $3000 on healthcare costs.

We have had LONG threads about how the people who sweep the floors in their factories make $20 an hour thanks to the union etc.

Yes because American workers should have sub standard 3rd world benefits right.

The problem with American car makers is that the top brass CEO's do not know how to change and adapt to current market conditions. They keep on building the same gas guzzling, expensive crappy cars while the Japanese focus on reliability, affordability and fuel economy in almost all their models.

Yep. The Japanese automakers already proved that US autoworkers, being paid US wages, are the best in the world. The woes at the US automakers have always been management refusing to build to market demands and standards. I was routing for them the past few years, especially the recent turnaround in design quality at GM, but it might end up being too little too late.
 
Originally posted by: ericlp
Dunno if they will go bankrupt but it serves them right for building gas guzzlers and I believe they a division of the hummer ...

I just kinda hope that Ford and Chevy follow them as they had a lot of time to build a smart car that can get 40+ MPG's. Any company that couldn't see what was going to happen in the past few years deserves what they get.

Exactly. The Japanese car makers were just plain observant enough to see the pending fuel crisis ( which anyone with a fucking clue and common sense could see coming ) and the need for more fuel efficient cars. The big 3 had more then enough time to change and adapt but WTF did they do? Instead of adapting and developing a line of fuel efficient cars the big 3 started developing and pushing gas guzzling SUV's, luxury cars and trucks.
 
Originally posted by: Drift3r
Originally posted by: ericlp
Dunno if they will go bankrupt but it serves them right for building gas guzzlers and I believe they a division of the hummer ...

I just kinda hope that Ford and Chevy follow them as they had a lot of time to build a smart car that can get 40+ MPG's. Any company that couldn't see what was going to happen in the past few years deserves what they get.

Exactly. The Japanese car makers were just plain observant enough to see the pending fuel crisis and the need for more fuel efficient cars. The big 3 had more then enough time to change and adapt but WTF did they do? Instead of adapting and developing a line of high fuel efficient cars the big 3 started developing and pushing gas guzzling SUV's, luxury cars and trucks.

Now, now... the Japanese would have gotten in better with the SUV craze if they could have. It sure wasn't from lack of trying, as they have plenty of large gas-guzzling SUV, truck, and luxury car offerings.
 
And what's ironic about detroit scrambling to make more fuel efficient products is that once this a reality, fuel prices will have dropped and, consumers will be demanding more powerful products.
 
Originally posted by: Vic
Originally posted by: Drift3r
Originally posted by: ericlp
Dunno if they will go bankrupt but it serves them right for building gas guzzlers and I believe they a division of the hummer ...

I just kinda hope that Ford and Chevy follow them as they had a lot of time to build a smart car that can get 40+ MPG's. Any company that couldn't see what was going to happen in the past few years deserves what they get.

Exactly. The Japanese car makers were just plain observant enough to see the pending fuel crisis and the need for more fuel efficient cars. The big 3 had more then enough time to change and adapt but WTF did they do? Instead of adapting and developing a line of high fuel efficient cars the big 3 started developing and pushing gas guzzling SUV's, luxury cars and trucks.

Now, now... the Japanese would have gotten in better with the SUV craze if they could have. It sure wasn't from lack of trying, as they have plenty of large gas-guzzling SUV, truck, and luxury car offerings.

True but they weren't oblivious to the future trends developing toward a demand for more fuel efficient/alternative fueled cars. Their work on creating fuel efficient/alternative fueled cars has been on going for a very long time where as the big 3 are like teenagers cramming for a final that they have in 1 hour and for which they didn't study for at all.
 
Originally posted by: redly1
Ford will be the first one to go (my bet)

Their bread and butter is the F150, which is tanking hard in sales
The lost the competitive edge/crown in cars a decade or so ago
They have no decent economy car

All trucks are tanking in sales hard, but ford still sold almost 40,000 f-150s last month. So they will only sell 500k this year instead of 900,000. People still need trucks, however more people will getting a truck because they need one and not because they want one. The 09 f-150 will be out in a couple months and it will offer better fuel economy. Its improved 4.6 v8 and 6 speed transmission should perform almost as well at most tasks as the current years 5.4 v8.

Nissan sold only 1200 titans, not doubt this full size truck will soon be gone.

the 09 escape will have class leading fuel economy and hybrid escape will do even better.
The focus and fusion are selling well and ford probably needs to ramp production of their smaller vehicles.
I believe ford 09 lineup will have a couple more hybrid models joining the escape.

In short ford is reasonably well positioned to surved, but they do have to change their vehicle mix and will take a bit of time. Same goes for GM as they have decent small car linup a well(malibu and cobalt are selling well).
 
Originally posted by: Drift3r


True but they weren't oblivious to the future trends developing toward a demand for more fuel efficient/alternative fueled cars. Their work on creating fuel efficient/alternative fueled cars has been on going for a very long time where as the big 3 are like teenagers cramming for a final that they have in 1 hour and for which they didn't study for at all.

Actually both ford and gm have decent small cars in their linventory.
 
Its why I look at Chrysler and they just don't have the products
Minivan's their bread and butter have been in sales decline for yrs, a caliber is outclassed by too many others in this feild
Small cars are so competative and same for the Mid's and the Sebring just isn't good enough compared to the new Malibu or Fusion and it was just remodeled. 300's are good but large cars are taking it on the chin.
 
Originally posted by: ProfJohn
Originally posted by: ericlp
Dunno if they will go bankrupt but it serves them right for building gas guzzlers and I believe they a division of the hummer ...

I just kinda hope that Ford and Chevy follow them as they had a lot of time to build a smart car that can get 40+ MPG's. Any company that couldn't see what was going to happen in the past few years deserves what they get.
It has nothing to do with gas guzzlers and everything to do with a union that is bleeding them dry.

I believe that for every car they build they spend $3000 on healthcare costs.

We have had LONG threads about how the people who sweep the floors in their factories make $20 an hour thanks to the union etc.

Which is all good for the people and the nation, and deserves some protection from people making squat and driving down labor to the point of threatening the middle class.

Should I be surprised you doubled the cost per vehicle?

I wouldn't expect you to have made the mistake of halving it. Just a coincidence, I guess.
 
The figure is only $1500? Have any proof?

I see a story saying $750, but it is 3 years old. However I shall fix my post unless I find something more up to date.
 
Originally posted by: sammyunltd
I'm suprised nobody has talked about it here.
It's worth even less than Ford and at its lowest since 50+ years. Ouch. And here I thought that they were doing better since their $10B+ deficit year (2005 or 2006)?!

http://uk.reuters.com/article/.../idUKN0244077620080703

Well, Karnak sees multi-million CEO and Exec parachutes. They blew their chance to build a million electric cars due to a fit of pique. No bailout for you!
 
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