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So are you saying that Ford took bailout money (disproven) or that GM did not fail due to bad management?
If so, please show with factual data that backs your opinion up.
Not so quick with "disproven"...
All in all, Ford took in $14.5 billion in loans and Ford Motor Credit, a wholly owned subsidiary of Ford Motor Company, took in $5 billion in TARP funds. $19.5 billion total in Government funds.
Cash for clunkers was a bailout - one that benefitted many non-us manufacturers as well as GM. Ford sold a *lot* of cars during cash for clunkers based on PR from those who thought ford was "better" than GM because they didn't take a bailout. The only reason they didn't take a bailout was because they had *lots* of cash, that they were in process of handling over to the ford family when the wheels came off. This is extremely well documented & you could find that info if you cared to look, instead of spouting off anti-American anti-Union talking points that have been thoroughly disproven.
And GM did not fail due to bad management.
GM had $20 billion dollars in the bank at the end of 2007.
They could lose a few billion a year for *many* years before they would have (possibly) tanked..
Please, name a large operation that can survive losing half their sales overnight?
Leasing was 35% of the market (not just GM) before the crash & leasing literally dried up in just a few days.
Loans were no better. I knew dealers & they were flabbergasted that buyers with great credit were getting denied for (good) loans.
Banks *completely* stopped lending.
And, while we're talking about "bad management"..
Howabout opening a brand-new-full-sized truck plant about a minute before gas prices topped $4 a gallon?
Tesla is just a transfer of wealth, tax money to Musk's pocket. End that stupid subsidy, exactly like China did, and see sales plummet. China went to ZERO sales, I think there are enough virtual signaling rich people in the Us that would still buy one though. Gotta have Something to brag about....
People who buy teslas aren't doing it because of a stupid government subsidy. Its 100k car the subsidy is a bonus.
All in all, Ford took in $14.5 billion in loans and Ford Motor Credit, a wholly owned subsidiary of Ford Motor Company, took in $5 billion in TARP funds. $19.5 billion total in Government funds.
Cash for clunkers was a bailout - one that benefitted many non-us manufacturers as well as GM. Ford sold a *lot* of cars during cash for clunkers based on PR from those who thought ford was "better" than GM because they didn't take a bailout. The only reason they didn't take a bailout was because they had *lots* of cash, that they were in process of handling over to the ford family when the wheels came off. This is extremely well documented & you could find that info if you cared to look, instead of spouting off anti-American anti-Union talking points that have been thoroughly disproven.
And GM did not fail due to bad management.
GM had $20 billion dollars in the bank at the end of 2007.
They could lose a few billion a year for *many* years before they would have (possibly) tanked..
Please, name a large operation that can survive losing half their sales overnight?
Leasing was 35% of the market (not just GM) before the crash & leasing literally dried up in just a few days.
Loans were no better. I knew dealers & they were flabbergasted that buyers with great credit were getting denied for (good) loans.
Banks *completely* stopped lending.
And, while we're talking about "bad management"..
Howabout opening a brand-new-full-sized truck plant about a minute before gas prices topped $4 a gallon?
I see you conveniently missed (ignored) my post after that, a post that shoots your bailout claims right in the butt.
As for bad management, we weren't talking about Toyota or any other foreign company.
I see you conveniently missed (ignored) my post after that, a post that shoots your bailout claims right in the butt.
As for bad management, we weren't talking about Toyota or any other foreign company.
Lol, whatever dude - if the truth hurts, it's surely "fake" amirite?
Of course it's not going to upend anything. Electric cars are niche vehicles.
Hybrids came out 20 years ago and peaked in 2013 at 3.2% of the auto market.
I would say end, not upend. The range is just not there. Battery technology hasnt come along fast enough to keep up, or have the ability to self charge as your're driving. This it needs, but just hasn't been done efficiently enough just yet. Now people know of the $9,000 it will need to replace the batteries down the road. Tesla is a high end niche vehicle, less the technology it needs.
I don't think any electric car will upend the industry, as there is really no need, nor benefits to electric cars. In fact they are a detriment in many ways except some torque which isn't really necessary anyway. My gasoline vehicle has plenty of torque.
Electric cars are an answer to a question not asked, but hey whatever floats your boat. Choices are great, just don't use my money to subsidies them.
So are you saying that Ford took bailout money (disproven) or that GM did not fail due to bad management?
If so, please show with factual data that backs your opinion up.
Tesla reported a wider loss and higher cash burn than expected today. They also only delivered 260 model 3's for the month but tried to reassure they were on target to get to 5000 per week by late q1 of 2018
Tesla reported a wider loss and higher cash burn than expected today. They also only delivered 260 model 3's for the month but tried to reassure they were on target to get to 5000 per week by late q1 of 2018
The thing to be watched is who's cash is being burned, there's or ours (as in govt. subsidies).
Musk makes outlandish promises, stock jumps, then those promises fail to deliver and stock crashes. When are people going to stop falling for this nonsense?
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