Auto Bailout?

[bafbrian]

Let them fail. They have failed to innovate over the last 20+ years and now feel that taxpayers should pay for there failures. Honestly, if you look at a GM (Chevy) 305ci or 350ci engine from the 70's and the ones of the late 90's, before the switch to the 327ci engine, there is no innovation there. The same applies to Ford's 302ci or 351ci engines and same applies to Chrysler engines (2.5L 4cyl or 4.0 6cyl or 5.9l 8cyl) There is no innovation.

I will agree with redGT on saying let them fail. If they would have spent all this time trying to make their product more marketable to the public instead of just turning a profit, they wouldn't be in this mess. The best examples of innovation come from foreign car companies.

Let them fail and relearn what it takes to make a business successful.

PS - I know both GM and Ford have been in business for over 100 years, however, the market changes and businesses must adapt, they haven't.

[EJ25RUN]

The easiest example is Nissan bankruptcy 10 years ago. They hire Carlos Ghosn and he turns them into an ultra profitable company.

GM needs to realize that selling 6 of the exact same car with different badging isn't gonna work in a world with common sense and the lie that is "buy American" isn't working anymore. Especially when the laid off GM auto workers go to the Nissan, Toyota, Kia, BMW, Mercedes, Subaru, and Honda plants to seek work and build Japanese cars stateside.

[Kevykev]

Ghosn

That guy is top one the most..if not THE MOST respectable person in the Auto Industry.

[Vteckidd]

Let them fail. They have failed to innovate over the last 20+ years and now feel that taxpayers should pay for there failures. Honestly, if you look at a GM (Chevy) 305ci or 350ci engine from the 70's and the ones of the late 90's, before the switch to the 327ci engine, there is no innovation there. The same applies to Ford's 302ci or 351ci engines and same applies to Chrysler engines (2.5L 4cyl or 4.0 6cyl or 5.9l 8cyl) There is no innovation.

I will agree with redGT on saying let them fail. If they would have spent all this time trying to make their product more marketable to the public instead of just turning a profit, they wouldn't be in this mess. The best examples of innovation come from foreign car companies.

Let them fail and relearn what it takes to make a business successful.

PS - I know both GM and Ford have been in business for over 100 years, however, the market changes and businesses must adapt, they haven't.

+1

They need to declare bankruptcy and reorganize. Otherwise we will be bailing them out 5 years from now again.

I mean my uncle made a GREAT point, the airlines went bankrupt (delta did) and now they are stronger because of it. Of course my uncle got a pay cut but the company is stronger and more viable now than it was before.

GM and FORD need to go into bankruptcy, they need to re-evaluate their pensions, wages, etc. They need to figure out why their cars dont sell. I mean why are they paying $2000 PER CAR THEY SELL TO RETIRED WORKERS?

Theres almost no money left for a profit.

The initial shock would be bad if they go into bankruptcy, but, hey, only the strong survive

[Alan®]

+1

They need to declare bankruptcy and reorganize. Otherwise we will be bailing them out 5 years from now again.

I mean my uncle made a GREAT point, the airlines went bankrupt (delta did) and now they are stronger because of it. Of course my uncle got a pay cut but the company is stronger and more viable now than it was before.

GM and FORD need to go into bankruptcy, they need to re-evaluate their pensions, wages, etc. They need to figure out why their cars dont sell. I mean why are they paying $2000 PER CAR THEY SELL TO RETIRED WORKERS?

Theres almost no money left for a profit.

The initial shock would be bad if they go into bankruptcy, but, hey, only the strong survive

Kevin (Kustom Buildz) I had a good conversation off of here and one thing that he and I disagree on is timing? Kevin seems to think that doing it after the economy swings back up would be better and I disagree. The last thing you want is to have the Big 3 go down during an upswing. When the market starts going back up and the big 3 go under it would be a huge step back.