"No need for bailout" say diners near thriving Honda plant...

[frostedflakes]

Well no shit Honda workers don't want a bailout. If the Big 3 fall, they will be the ones to grab part of their market share, and the good (but biased) people of Anna, Ohio will likely prosper more because of this.

 

[miketheidiot]

Originally posted by: Skoorb

Originally posted by: miketheidiot

Originally posted by: Skoorb
This is the first time in a long time that the average joe has said anything in some interviews I've read and I've agreed.

Of course, as I continue to say (for better or worse), this $25B is merely life support. The big 3 cannot even come up with a bad plan on how they will change their businesses, let alone a good one. They are burning through money faster than Oprah burns through plates at a buffet. If this $25B was actually going to prop them up and send them on their merry way to profitability, it would be much harder to condemn, but there is truly 0% chance it will. They are fvcked, whether they get 25B or 50B. Maybe if all their outstanding debt is cleared they can hold course for a decade or two.

what knowledge do you have of their business model, expenses, etc.

Is that rhetorical?

mostly, what i was getting at was that i highly doubt anyone here has the knowledge of GM's books to the detail to make the judgment about the quality of their business plan.

 

[Evander]

"Chinese Automakers May Buy GM and Chrysler" says these articles:
http://www.huffingtonpost.com/...uy-the-b_b_144920.html
http://www.thetruthaboutcars.c...y-buy-gm-and-chrysler/

 

[Rainsford]

Originally posted by: Evander
"Chinese Automakers May Buy GM and Chrysler" says these articles:
http://www.huffingtonpost.com/...uy-the-b_b_144920.html
http://www.thetruthaboutcars.c...y-buy-gm-and-chrysler/

Great, that's just what we need. GM and Chrysler can go from making middle of the road quality cars to making incredibly cheap cars that I wouldn't want to take on a go-kart track.

The more I find out about how China does business, the less I want to have to do with them. They're just complete shit, plain and simple. Their business ethics are shit. Their products are shit. And most of all, their long term prospects are shit. They've basically discovered that they can compete on price because their country is filled with depressingly poor people and businessmen that studied at Lex Luthor business school, but who knows how long THAT is going to last. China is like the anti-Japan in a lot of ways.

 

[BlahBlahYouToo]

ahhh, a car business run right WITHOUT mis-management and UAW.
:thumbsup:

 

[microbial]

Originally posted by: CADsortaGUY

Originally posted by: Rainsford

Originally posted by: JS80

Originally posted by: Stoneburner
The anti-union sentiment expressed these days is so subversive and misguided that I have to laugh nervously and wonder if people are serious. Then again, it's the same manner in which the anti-regulation sentiment spread in CALIFORNIA before Enron fucked us over.

Yais, blame everything on workers unionizing. It's 1908 again!

Keep drinking the socialist Kool-Aid

Labor is just as vital to capitalism as any other factor. Calling pro-labor views "socialism" tells me you can't tell the difference between being pro-business and pro-capitalism.

You're right. It's not really socialism. It's more like communism with it's authoritarian tilt. It may not quite be there yet but with the whole card check thing the libs are going to give the Unions - it'll be pretty damn close.

I call it waging war against hard-working Americans.

 

[Squisher]

Did anybody mention to those diners that half the parts used in the plant come from suppliers in the US that will likely go bankrupt if the domestics fail? No parts=no Hondas

They know not what they do.

 

[brencat]

Originally posted by: Rainsford

Originally posted by: Evander
"Chinese Automakers May Buy GM and Chrysler" says these articles:
http://www.huffingtonpost.com/...uy-the-b_b_144920.html
http://www.thetruthaboutcars.c...y-buy-gm-and-chrysler/

Great, that's just what we need. GM and Chrysler can go from making middle of the road quality cars to making incredibly cheap cars that I wouldn't want to take on a go-kart track.

The more I find out about how China does business, the less I want to have to do with them. They're just complete shit, plain and simple. Their business ethics are shit. Their products are shit. And most of all, their long term prospects are shit. They've basically discovered that they can compete on price because their country is filled with depressingly poor people and businessmen that studied at Lex Luthor business school, but who knows how long THAT is going to last. China is like the anti-Japan in a lot of ways.

+1

Well said, and sadly accurate.

 

[dartworth]

Originally posted by: Evander
"Chinese Automakers May Buy GM and Chrysler" says these articles:
http://www.huffingtonpost.com/...uy-the-b_b_144920.html
http://www.thetruthaboutcars.c...y-buy-gm-and-chrysler/

 

[Rainsford]

Originally posted by: CADsortaGUY

Originally posted by: Rainsford

Originally posted by: JS80

Originally posted by: Stoneburner
The anti-union sentiment expressed these days is so subversive and misguided that I have to laugh nervously and wonder if people are serious. Then again, it's the same manner in which the anti-regulation sentiment spread in CALIFORNIA before Enron fucked us over.

Yais, blame everything on workers unionizing. It's 1908 again!

Keep drinking the socialist Kool-Aid

Labor is just as vital to capitalism as any other factor. Calling pro-labor views "socialism" tells me you can't tell the difference between being pro-business and pro-capitalism.

You're right. It's not really socialism. It's more like communism with it's authoritarian tilt. It may not quite be there yet but with the whole card check thing the libs are going to give the Unions - it'll be pretty damn close.

HOW is it "like communism"? You can throw around scary right-wing buzzwords as much as you want, but not rich guy in a suit ever built a car...the folks who actually do the work are just as important as the folks running the business. I don't know why you think labor is the enemy of capitalism, but it sounds like complete bullshit to me. Don't let the fact that communists pretend to be "friends of labor" fool you into thinking that corporations and management are the only capitalists around.

 

[K1052]

Originally posted by: Evander
"Chinese Automakers May Buy GM and Chrysler" says these articles:
http://www.huffingtonpost.com/...uy-the-b_b_144920.html
http://www.thetruthaboutcars.c...y-buy-gm-and-chrysler/

A Congress that allows the Big 3 to go to Chapter 7 and be bought by the Chinese for a song wouldn't live to see their next election.

 

[Jhhnn]

If the American automakers recover, then they'll cut into Honda's business, something entirely obvious but not mentioned in the article...

So, of course those who benefit from the Honda plant in their locale think a bailout is a bad idea...

$25B is ~2.5 times the price of a month's occupation of Iraq... almost nothing compared to the bailout of the financial sector...

Priorities... don't let your addiction to outrage get in the way of priorities...

Mercy me. I forgot- outrage junkies have no sense of proportion, therefore no priorities beyond getting their fix...

 

[ProfJohn]

Originally posted by: Jhhnn
If the American automakers recover, then they'll cut into Honda's business, something entirely obvious but not mentioned in the article...

So, of course those who benefit from the Honda plant in their locale think a bailout is a bad idea...

$25B is ~2.5 times the price of a month's occupation of Iraq... almost nothing compared to the bailout of the financial sector...

Priorities... don't let your addiction to outrage get in the way of priorities...

Mercy me. I forgot- outrage junkies have no sense of proportion, therefore no priorities beyond getting their fix...

The problem isn't giving them $25 billion.

The problem is giving them $25 billion today and then having them back again next year looking for more money. GM is burning through $1 billion a month. If half the bailout money went to them it would only keep them going for another year.

They need to come up with a plan to change that dynamic before we give them the money.

 

[miketheidiot]

Originally posted by: Rainsford

Originally posted by: Evander
"Chinese Automakers May Buy GM and Chrysler" says these articles:
http://www.huffingtonpost.com/...uy-the-b_b_144920.html
http://www.thetruthaboutcars.c...y-buy-gm-and-chrysler/

Great, that's just what we need. GM and Chrysler can go from making middle of the road quality cars to making incredibly cheap cars that I wouldn't want to take on a go-kart track.

The more I find out about how China does business, the less I want to have to do with them. They're just complete shit, plain and simple. Their business ethics are shit. Their products are shit. And most of all, their long term prospects are shit. They've basically discovered that they can compete on price because their country is filled with depressingly poor people and businessmen that studied at Lex Luthor business school, but who knows how long THAT is going to last. China is like the anti-Japan in a lot of ways.

don't forget that they manipulate their currency to make their wages seem cheaper.

 

[StageLeft]

Originally posted by: Zorba
For you free marketers out there what happens when 52% of the supply disappears what happens to the prices? I really hope all of you that are hoping for the Big 3 to fail are going to like paying an extra 50% for new cars. Hell, a 50% increase in price is probably an underestimate considering all the other manufacturers supply chains with be screwed over too.

These companies have been ran like shit, but I can't believe how many people seem happy about them failing.

lol so now if they go under it's going to cost 25 grand for a civic? I thought I'd heard it all.

mostly, what i was getting at was that i highly doubt anyone here has the knowledge of GM's books to the detail to make the judgment about the quality of their business plan.

I don't need the books; this is publicly disclosed information. We know they are dying and quickly. THEY say they are burning through cash this quickly. THEY say they are on the brink of death.

The more I find out about how China does business, the less I want to have to do with them. They're just complete shit, plain and simple. Their business ethics are shit. Their products are shit. And most of all, their long term prospects are shit. They've basically discovered that they can compete on price because their country is filled with depressingly poor people and businessmen that studied at Lex Luthor business school

Hehe

Did anybody mention to those diners that half the parts used in the plant come from suppliers in the US that will likely go bankrupt if the domestics fail? No parts=no Hondas

So the suppliers downsize then.

It's really becoming hilarious some of the doomsday stuff with these big 3 dying.

$25B is ~2.5 times the price of a month's occupation of Iraq... almost nothing compared to the bailout of the financial sector...

True, but it remains rather meaningless. Nobody believes that another $25B is going to turn around these companies, do they? Does anybody believe that?

The problem is giving them $25 billion today and then having them back again next year looking for more money. GM is burning through $1 billion a month. If half the bailout money went to them it would only keep them going for another year.

True, except instead of $1B it's FIVE BILLION A MONTH. This is what GM's CEO said, about $5B/month.

 

[SP33Demon]

Originally posted by: ProfJohn

Originally posted by: Jhhnn
If the American automakers recover, then they'll cut into Honda's business, something entirely obvious but not mentioned in the article...

So, of course those who benefit from the Honda plant in their locale think a bailout is a bad idea...

$25B is ~2.5 times the price of a month's occupation of Iraq... almost nothing compared to the bailout of the financial sector...

Priorities... don't let your addiction to outrage get in the way of priorities...

Mercy me. I forgot- outrage junkies have no sense of proportion, therefore no priorities beyond getting their fix...

The problem isn't giving them $25 billion.

The problem is giving them $25 billion today and then having them back again next year looking for more money. GM is burning through $1 billion a month. If half the bailout money went to them it would only keep them going for another year.

They need to come up with a plan to change that dynamic before we give them the money.

GM is burning through 5 billion a month, not 1.

Edit: Skoorb beat me to it.

 

[Pneumothorax]

Originally posted by: dmcowen674

Originally posted by: JS80

Originally posted by: Stoneburner
The anti-union sentiment expressed these days is so subversive and misguided that I have to laugh nervously and wonder if people are serious. Then again, it's the same manner in which the anti-regulation sentiment spread in CALIFORNIA before Enron fucked us over.

Yais, blame everything on workers unionizing. It's 1908 again!

Keep drinking the socialist Kool-Aid
---------------------------
Romney/Jindal 2012

You think Romney and Jindal can save us?

Much better than Barney Frank"enstein" and Chris Dodd"lingfool" "You're doin' a heckuva job Barney!"
Back to the OP, You honestly cannot have reform with these 3 fools still on top, I don't think you can have true change without complete replacement of these companies' management who just continue with their old ways.

 

[evident]

Honda management said explicitly that they want a bailout to go through because they are all connected by their suppliers.