onebadponcho

http://www.msnbc.msn.com/id/28166218

Kris93/95Z28

Who would think that there should be major strings attached when companies that consistently can't make money comes begging for a "loan"?

I know as a tax payer (This being MY money afterall) I want my money back. Anything that the governemnt can do that will further the goal of us getting our money back (or making the big three go elsewhere) is good in my book.

onebadponcho

I've said this elsewhere before. If Uncle Sam's role is to assist in restructuring, and only restructuring, then this might turn out all right.
However, if Big Brother gets involved in product (i.e. trying to get the automakers to build a bunch of hybrid/electric cars and abandon their best sellers), the automakers would be in HUGE trouble.

scott9050

I have a feeling that the V8 American passenger car will not survive this turn of events, and the horsepower wars might be over just like 1970. Once the Feds are involved, game over. The bulk of the money will come with a new administration in place, and they are salivating at the chance to dictate what can and can't be made. History is going to be made, likely from our point of view for the worst.

scott9050

Looks like it might be dead:

http://www.msnbc.msn.com/id/28166218

My Red 93Z-28

You didn't read the whole thread did you Scott?

onebadponcho

You beat me by <-> that much.

My Red 93Z-28

I figured you would point that out when I saw you posted

scott9050

Nope Being up for about 20 hours does that to you Oh well, news is news even if reposted in the same thread

onebadponcho

Yeah.

Reading what's in the link, I just don't even know what to say about the UAW any more. Good grief, the companies that employ their workers are LITERALLY STARING BANKRUPTCY IN THE FACE, yet they won't give a little to ensure their members still HAVE GAINFUL EMPLOYMENT past next month.

My Red 93Z-28

On a much smaller scale, thats what happened in my hometown...they were allowed to vote to move to a two-tier wage system or the plant would close...they thought management was bluffing...nope...what was once the biggest employer for several surrounding counties now sits vacant.

onebadponcho

Yeah, that's nuts. So is anyone who thinks GM and Chrysler are bluffing at this point.

HuJass

I don't think how much the UAW was willing or not willing to give was included in any press release yet.

So to say "they won't give a little" is a bit premature.


I'll say this. Listening to the southern repubs talking, I'd wager that they wanted to give the UAW a HUGE haircut while the rest of the stakeholders got off virtually scott free.
That's all they talked about, cutting the UAW.

SSbaby

Is GM's plight any different to that of Harley Davidson's? I know the scale of the problem is different but how did HD survive and strengthen its ties to its core customer base?

I'm hoping that GM would be able to rebuild itself without government aid in similar vein to HD? To heck with politicians controlling GM's hand.

V8 Slayer

So is this it? Or more debating/another vote will happen like the bank bailout?