Fact Check: Capitalism. Companies that stink should go under in a free-market society...
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GM has 120 days to live, Ford 7 months.
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Fact Check: Capitalism. Companies that stink should go under in a free-market society...
Fact Check: Capitalism. Companies that stink should go under in a free-market society...
Even if the fall of the company brings down the economy even further?
I agree. My family also have owned American made cars, such as Ford or Chevy and while they are good cars, their quality just sucks comparing to japanese automakers. We have no complaints what-so-ever on our Hondas while our Ford had a bad transmission 3 times in less then 15k miles, our chevy broke down every other week for problems such as engine mount, oil leak, exhaust leak, etc.
Survival of the fittest is in play here. American car makers creates one car but rebrands them to many different ones. It doesn't work especially when that model has issues and now you have 5 different vehicles having the same issue cause you just rebranded one car into 5. Look at Honda and Acura, they have virtually no similarities between the two brand of cars made. Sure they share parts and structure, but they are not the same, not even close.
What MY were your American cars?
As to the Acura thing, you're half wrong. Acura's here are Honda's in Europe except for the CUV's which are based on the Pilot.
Acuras here in the US/Canada are just Hondas in the rest of the world.
For the model/years, one was a 89 ford taurus, 91 chevy caliver, 92 chevy lumina, 01 escape, 06 focus. All of them had major problems (problem w/ Engine and/or Transmission)
Damn that is bad luck especially on the '06 Focus as I have heard while incredibly outdated and uncompetitive it was due to Ford neglecting it, it was at least reliable.
As others have said, Acuras are Hondas to the rest of the world, and Acuras and Hondas share plenty between them.
The Acura TL is based on the Accord platform, while the MDX is based on the Honda Pilot.
The US auto makers are dinosaurs. I say out with the old, in with the new.
The Acura TL is based on the Accord platform, while the MDX is based on the Honda Pilot.
The US auto makers are dinosaurs. I say out with the old, in with the new.
Take the money and consider your soul forfeited. You are now owned by Congresswoman Pelosi. Yep... don't do this Ford, GM. Ford should move its headquarters and all factories south. South to right to work states.
So we have the CEOs on Capitol Hill yesterday before the Senate Committee. Nardelli seemed to be the only one who didn't evade questions. Probably because he's not a career car guy. After watching for like 2 hours, I'm of the opinion that a management change is needed. These guys don't get it.
2 things that bother me. When asked if they would accept a $1 salary, Nardelli said yes while Mulally and Wagoner avoided the question.
Was also thrilled to see a report on ABC this morning that Wagoner and Mulally are flying to the hearings in private jets.
2 things that bother me. When asked if they would accept a $1 salary, Nardelli said yes while Mulally and Wagoner avoided the question.
Was also thrilled to see a report on ABC this morning that Wagoner and Mulally are flying to the hearings in private jets.
I haven't read the whole discussion here, but has the loan option been brought to the table? ALA Chrysler in the 80's. Instead of just giving them the money?
how much does GM+ford+chrysler have already in debt already ? (since debt = loan more or less)
It's a low interest loan that, to date, has no restrictions, conditions and/or equity stake similar to what Chrysler had in '78 or '79 or the airlines had after 9/11. So it's basically taxpayers footing the bill for inept corporate management. These companies are lining up for a sweetheart deal where they get all the profits and we, the taxpayers, get all the debt.
Lethal
a loan is LOST money if the companies fail lol. where is the evidence that this bailout will do anything other than keep them afloat a little longer?
these companies have been struggling for quite some time now
I was initially feeling sympathetic to them as far as the job losses are concerned.. Then I read about How they got to Capitol Hill to testify before the Senate.. Then hear that their financial woes are not based on their business model, but based on the economic crisis going on around the world.. And want their failed models bailed out by somebody else.
Let 'em cook. They need a lesson in humility.
BL.
Let 'em cook. They need a lesson in humility.
BL.
rant
first off i want them to go under. The uaw contract is unbelievable. If the cars are not selling and they close the factory the companies have to pay the employees 95% of their pay for 6 months. that is real ensentive to build quality cars. next is the gas milage i had a 79 civic that got 43 mpg. why are the new cars estimates only 29-35mpg? next if i am going to spend $20000+ on a car i want one that is actually built in the usa. so that eliminates every car ford gm and chrystler makes all built in canada or mexico. So i will be buying a camry that is actually made in the usa.
first off i want them to go under. The uaw contract is unbelievable. If the cars are not selling and they close the factory the companies have to pay the employees 95% of their pay for 6 months. that is real ensentive to build quality cars. next is the gas milage i had a 79 civic that got 43 mpg. why are the new cars estimates only 29-35mpg? next if i am going to spend $20000+ on a car i want one that is actually built in the usa. so that eliminates every car ford gm and chrystler makes all built in canada or mexico. So i will be buying a camry that is actually made in the usa.
Cars are bigger and heavier (and arguably safer) now than they were in 1979, partly due to more safety systems such as airbags. The Honda Civic may have gotten 43mpg in 79, but the 2009 Civic is rated at 26/34mpg. So it is not just the American car companies that don't get great mileage, because the Japanese don't do much better.
Have you seen cars from the 70's? Generally speaking they are bigger, heavier, and not as safe as modern cars.
Lethal
GM and Ford going away won't bring down the ENTIRE economy. Nissan, Toyota, and others that assemble cars in the USA will pick up some of the slack...
We all saw this coming. When the Government bailed out Wall St., the execs of the Big 3 Automakers now want some of that too...
Yes of course, I grew up in the 60s so I now all about those land yachts. I should have been more specific in that I was referring to economy compacts such as the Civic, a VERY small car when it came out. The new Civic is both larger and heavier, and gets nowhere near the mileage. Of course it is also far safer and more comfortable.
My Aura was built in the US and our Suburbans were American made. The only vehicles in my families garage that was built out of the US is the Equinox(Canada) and the BMW(Germany). I recommend to actually look up the information you are going to post next time before you actually post as 95% of that was all BS and lies.
While that is nice in theory you need to remember GM alone is 22% of the US market. The other companies do not have the production to meet demand. Mix that with the fact that those other companies are going to have huge problems getting supplies from their suppliers because a lot will go under with GM.
You can not remember that much of the market and not exect a huge domino effect. If GM left you could easily expect a 10-15% increase in the price of cars, Fewer discounts, and replacement parts jumping up a lot in price.
GM going under screws over the consumers pretty badly as well.
Yes they will pick up some of the slack but they can not pick up that much of it.
