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The writing has been on the wall for decades for US car makers because they build inefficient, mediocre non-competitive cars. Now they're in a death spiral. Inventory is piling up and will continue to pile up as the economy sinks. A bailout would only throw good money after bad and just delay the inevitable. The only way I see a bailout working is if the 3 companies consolidate into 1 and completely retool to produce electric and hybrid cars of the future. Nobody wants their current outdated dinosaurs.
I dont agree that the Big 3 make outdated dinosaurs.
Most people seem to compare experiences with old American cars that were unreliable (all cars were unreliable back then) with new Hondas/Toyotas of today.
Try a new GM/Ford/Chrysler and decide if they are outdated dinosaurs.
I dont agree that the Big 3 make outdated dinosaurs.
Most people seem to compare experiences with old American cars that were unreliable (all cars were unreliable back then) with new Hondas/Toyotas of today.
Try a new GM/Ford/Chrysler and decide if they are outdated dinosaurs.
American cars have improved vastly, but this is karma for the U.S. automakers. Decades of crap, decades of mismanagement, decades of UAW bullying are now finally coming home to roost.
If they were smart, they would have bumped up the wick in the 80's and 90's. The US gov't will let Chrysler fail, but will bail out GM and Ford.
The big three concentrated on big money making suv's and trucks and now it had come to bite them in the ass. Why bailout gross missmanagement and stupidity?
The writing has been on the wall for decades for US car makers because they build inefficient, mediocre non-competitive cars. Now they're in a death spiral. Inventory is piling up and will continue to pile up as the economy sinks. A bailout would only throw good money after bad and just delay the inevitable. The only way I see a bailout working is if the 3 companies consolidate into 1 and completely retool to produce electric and hybrid cars of the future. Nobody wants their current outdated dinosaurs.
Do you live under a rock? When was the last time you looked at ratings or the actual new cars themselves?
I dont agree that the Big 3 make outdated dinosaurs.
Most people seem to compare experiences with old American cars that were unreliable (all cars were unreliable back then) with new Hondas/Toyotas of today.
Try a new GM/Ford/Chrysler and decide if they are outdated dinosaurs.
I thought American cars used to be good back in the day and then went downhill. Who is comparing new hondas/toyotas to old american cars? Old American cars probably were more reliable than there old Japanese counterparts.
The big three have improved their products but that will not save them.
They have a pension liability that is staggering... they have a relationship with labor that is poison... they have bad contracts with twice as many dealers as they need... they have many more plants than they need... they have bad contracts with suppliers... so they have a business model that will not work going forward regardless of product line-up.
On top of all that their competitors from Europe and Asia operate in countries with public health care and retirement so that each of their products is subsidized by taxpayers.
Loaning money to the US automakers is a very bad investment.
The problem is, is that the U.S. automakers refuse to build a car with the same quality as Toyota or Honda. They truly care about building cars that break down, which have expensive repairs. I think this is where they realize their money is, its in repairs. The American people will no longer tolerate it.
My Honda Civic has 257K on it and nothing has ever gone wrong with it. How can I justify buying another brand of car?
For the purpose of national self-suffiency, it is in the geopolitical interest of the US government for our country to have at least two domestic auto manufacturers. The problem is, they need to have some customers, and the numbers are dwindling of people willing to buy American. Why would I, when I can get a Toyota Camry made in Kentucky?
American companies, in general, care about quarterly profits -- they do not focus on creating customers for life. That is what Toyota has made out of me. I hope some day to buy a brand spanking new Lexus, and there's just no American make that compares right now. Maybe, just maybe, Tesla Motors will produce in large enough numbers for me to consider one of their electrics, five years from now.
The big three have improved their products but that will not save them.
They have a pension liability that is staggering... they have a relationship with labor that is poison... they have bad contracts with twice as many dealers as they need... they have many more plants than they need... they have bad contracts with suppliers... so they have a business model that will not work going forward regardless of product line-up.
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I agree with this part. It isn't the quality of the product that is hurting them.
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? Old American cars probably were more reliable than there old Japanese counterparts.
