If GM and Chrysler go out of business....

[cubby1223]

Originally posted by: Chunkee
This swirl down the drain is only a symptom of a society that pays people to hit white balls a certain distance millions and millions of dollars

That one you can also blame on unions

 

[TruePaige]

If we did it right companies like Tesla motors would have enough funding to replace them and make us world leaders of clean, eletric cars.

Also we would establish a nation-wide battery exchange (with nominal fees like exchanges for propane tanks) / quick charge station.

 

[guyver01]

Originally posted by: MotF Bane
The Auto Union lobbyists wont let the government let that happen.

fixed


Perhaps GM & Chrysler SHOULD go out of business.... for a few years. We have too many cars sitting on lots and waiting in shipping depots, that noone is buying, due to the bad economy, price on cars, etc... that there is no need to produce more cars that people wont buy.

The 'bailouts' were of the Auto Workers Unions... not of the Auto Industry.

 

[Jiggz]

Originally posted by: TruePaige
If we did it right companies like Tesla motors would have enough funding to replace them and make us world leaders of clean, eletric cars.

Also we would establish a nation-wide battery exchange (with nominal fees like exchanges for propane tanks) / quick charge station.

You sure have a nice wish list! Keep wishing . . .

 

[TruePaige]

Originally posted by: Jiggz

Originally posted by: TruePaige
If we did it right companies like Tesla motors would have enough funding to replace them and make us world leaders of clean, eletric cars.

Also we would establish a nation-wide battery exchange (with nominal fees like exchanges for propane tanks) / quick charge station.

You sure have a nice wish list! Keep wishing . . .

That is what I would do. Energy Independence would be a beautiful thing.

 

[JS80]

Originally posted by: Genx87

Originally posted by: techs
will foreign automakers build more American plants to produce cars to make up for what GM and Chrysler made?
Or will they just import them from other countries?

Depends on how quickly we recover. They have been building plants in the United States to supply our markets. If these two companies go out of business, as in nobody buys their assets and their manufacturing ceases to exist. I suspect the foreign auto makers would either build new factories or take over current manufacturing capacity of these two and supply our markets.

But we also dont know the effect of cap and trade and any other regulation\legislation that will hurt long term profits.

There's over capacity. Those plants will disappear like the steel plants did during the steel bust.

 

[IGBT]

Originally posted by: MotF Bane
The government won't let that happen.

..to the UNIONS.

 

[boomerang]

Originally posted by: JS80

Originally posted by: Genx87

Originally posted by: techs
will foreign automakers build more American plants to produce cars to make up for what GM and Chrysler made?
Or will they just import them from other countries?

Depends on how quickly we recover. They have been building plants in the United States to supply our markets. If these two companies go out of business, as in nobody buys their assets and their manufacturing ceases to exist. I suspect the foreign auto makers would either build new factories or take over current manufacturing capacity of these two and supply our markets.

But we also dont know the effect of cap and trade and any other regulation\legislation that will hurt long term profits.

There's over capacity. Those plants will disappear like the steel plants did during the steel bust.

I think GM will survive. It will not be called GM any longer and it will not be based in the U.S. The company currently known as GM will languish for a while and then ultimately file Chapter 7. When you combine the current administrations plans to double tax corporations on foreign profits with the demands of autos.gov, there is little likelihood that a domestic automaker will survive. You can't have reduced sales, higher priced goods and increased taxation and stay in business. Obama himself said these companies can't stay on the public dole forever.

I just heard on the radio that it's expected that the world will lose 3 to 4 car manufacturers due to over-capacity. Cars last far far longer than they used to. Economic conditions will dictate that owners keep their cars far longer than they did in the past. The need for new cars has greatly diminished. They won't be affordable anyway.

 

[johnbrown1776]

Originally posted by: cubby1223

Originally posted by: SSSnail
http://online.wsj.com/article/...O-20090513-713921.html

General Tao Motors!!!

And to think, Obama's new taxes on U.S. production are still to come!

He'll fix everything! He's the smartest President we've ever had!

Change is a beautiful thing