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Grading The Not-So-Big Three's "Bailout" Plans
Detroit, 2:21 PM
Mon Dec 7
16 posts in the last 24 hours
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Grading The Not-So-Big Three's "Bailout" Plans |
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12/03/08
12/03/08
Well, then again it is Congress, so I guess I do believe it.
Also, the Mayan calendar says the world is ending anyway then, so I guess it doesn't matter in the short or long run.
12/03/08
Word has it Mulally is wicked fast with a sword. Tell Lutz to start running.
12/03/08
12/03/08
Don't forget to brush ya shoulders off.
12/03/08
However, not many can make an analogy between Chrysler's filing and a coloring book.
12/03/08
12/03/08
You can move 16M units a year, but if your operating costs are too high, it doesn't help you.
What assumptions are you/they/we making about the margin on each car sold in those numbers?
12/03/08
12/03/08
All the time, our customers ask us, "How do you make money doing this?" The answer is simple: Volume. That's what we do.
/snl
12/03/08
2010: Out of business
2011: see 2010.
12/03/08
And clearly, Chrysler is run by the Underpants Gnomes
12/03/08
12/03/08
12/03/08
12/03/08
12/03/08
It's perfectly fair to offer a government rebate to Americans who buy AMERICAN CARS.
Perfectly fair.
12/03/08
1. Alabama offers Mercedes/Hyundai/Honda a bunch of money to build factory here--it's a short-term or one-time incentive or subsidy to help defray the cost of setting up. I know at least in Mercedes' case, the state recouped the outlay in tax money, in addition to all the jobs (7k-10k new positions) we received. The other two haven't been here that long. And the incentive is paid from in-state tax money.
2. Gov't offers consumers incentives to buy domestic cars--it's a subsidy ONGOING, established businesses that are not trying to overcome a fixed or sunk cost, but rather to help them offset ongoing operating costs (which most people agree are out of control). And I presume this would be paid by the federal government, not a specific state.
Not sure which is better, but that's the logic that jumps out at me.
12/03/08
What about imports that are manufactured here?
Do you think every last component of domestically assembled vehicle is manufactured here?
Are we talking about American companies, or American manufacturing jobs?
12/03/08
12/03/08
12/03/08
And that's what I was waiting for? Really?
I think Chrysler seriously threw that together in the car on the way to Congress.
"Shit, you mean the other two actually did it? They told me they weren't going to, that they were going to stick it to the man! Dammit, and I believed them too!"
12/03/08
12/03/08