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Old 12-02-2008, 07:56 AM
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Auto maker chopping block.

As they go begging to Congress, this pretty much confirms ideas we've already mulled over

http://money.cnn.com/galleries/2008/...nds/index.html


GM....Go bye-bye and lose half your brands
Ford...ditch Volvo and Mercury
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Old 12-02-2008, 12:08 PM
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I'm not into all the details of all this stuff, but as far as I've read into it...700 billion to AIG and friends no question asked.
The auto makers ask for a comparable drop in the bucket and they want to know every little detail.
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Old 12-02-2008, 12:22 PM
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Well Ford had the nuts to step up first.

http://money.cnn.com/2008/12/02/news...ion=2008120210
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"promote the general welfare, not provide the general welfare"

We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.

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Old 12-02-2008, 01:09 PM
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Quote:
Originally Posted by ekaz
I'm not into all the details of all this stuff, but as far as I've read into it...700 billion to AIG and friends no question asked.
The auto makers ask for a comparable drop in the bucket and they want to know every little detail.
Different industries; Big 3 are sinking ships with infection and have been like that, more or less for several years, nothing new with their losses and bad management. Giving big 3 the money now without any questions means they will be back in 6 months for more. AIG stuff is new and its financial industry.
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Old 12-02-2008, 01:34 PM
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Quote:
Originally Posted by LeMansX5
Different industries; Big 3 are sinking ships with infection and have been like that, more or less for several years, nothing new with their losses and bad management. Giving big 3 the money now without any questions means they will be back in 6 months for more. AIG stuff is new and its financial industry.
They could argue the global financial crisis pushed them over the edge. Again, Ford is far more soluble then they are letting on.
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We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.

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