No bailout for automakers

Full story: GoErie.com 37
Why should American taxpayers pay for the bailouts of the auto industry as recommended by Nancy Pelosi and Harry Reid? The U.S. auto companies have built plants in Mexico, South America and other parts of the ... Full Story
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Ted

United States

#1 Nov 29, 2008
I'm against the bailout also, but know the facts. Those auto companies ARE making profits in the other countries where they don't have HUGE labor wages and pensions that need funding.

During a show on CNBC yesterday about the auto industry, it showed where most labor jobs were getting $28/hrs with less than 5 years experience.
THE UNIONS ARE WHY THOSE COMPANIE CAN'T MAKE MONEY!
Toj Siab

Alto, GA

#2 Nov 29, 2008
America CEO for GMC sucks all the money, no wonder GMC is going broke!.
mrkihn

Chambersburg, PA

#3 Nov 29, 2008
Ted wrote:
I'm against the bailout also, but know the facts. Those auto companies ARE making profits in the other countries where they don't have HUGE labor wages and pensions that need funding.
During a show on CNBC yesterday about the auto industry, it showed where most labor jobs were getting $28/hrs with less than 5 years experience.
THE UNIONS ARE WHY THOSE COMPANIE CAN'T MAKE MONEY!
I agree 75%
Yes the union are large part of the blame but so is management. Management kept doing business the old fashion way which doesn't work in modern times.
Auto maker want a bail out.
Ok
Shut down all oversea plants
cut back worker's wages and benefits by 50%. I sure living on total wage and benefit package of $35Hr instead of 70hr I'm sure the auto workers can still live good, hell I did that on 15hrs total wage benefits.
All products in their car must be at least 75% made in America.
If the Auto companies want a bailout,
make sure the American people get the benefits not the auto companies using the money to shore up their oversea operations.
America Union Auto workers it time to get back to reality, you have been overpaid for the last 20 yrs. Toyota, Honda, and other foreign car makers with factories in this country can make money here so can the America car makers.
Death to the United Auto workers union and fire all top management
We can turn around the American car makers
American people

Cincinnati, OH

#4 Nov 29, 2008
toyota and honda pay 55 dollars per hour.Their pay is almost as equal as the big 3.Do they deserve to get paid that??I think not!!Ford pays 28 dollars minus benefits and toyota pays 23 to 25 minus benefits,not much difference in my book.

Since: Nov 08

Tokyo, Japan

#5 Dec 8, 2008
I think bail-out may not be needed if the non US-based company will buy it.
Some news agencies prompted that Chinese company will buy some of Big 3.

Do US tax-payers give their money to China?

many manufacturers produce light-sized auto(in Japan, Kei-car). though US automakers don't as far as I know.
I think GMC, Chrystler and Ford should think of this car.
JBG

Sturgis, MI

#6 Dec 8, 2008
Even if the bailout happens, the question remains, will anyone buy their cars? I don't think so, the consumers are pissed. The CEO's and Congress will have achieved what I believe is an unintended set of circumstance's. They can't see past the nose on their face. At some point they will have to say no and disenfranchise some manufacturing group. All hell will break loose.
Bob Burns

Kunming, China

#7 Dec 8, 2008
Boycott any car companies who get a bailout, and turn out politicians who vote for it
JBG

Sturgis, MI

#8 Dec 9, 2008
Bob Burns wrote:
Boycott any car companies who get a bailout, and turn out politicians who vote for it
I agree but I don't think we will have to worry about it. These companies are dead. The banks are not going to loan money for cars that they may end up with. They keep saying people can't get loans , but I think they ignore the real reason for it. HIGH RISK. If these companies go belly up people will walk away from cars, just like they did houses when they found out they were upside down in their mortgages. The depreciation on the vehicles will be severe. They can't live on bailout only, they have to sell cars. I don't see it happening when they are barely hanging on. No one knows if $15B is enough to get GM through to March 31. Buy a new car and loose 20K driving it off the lot, not me. The best you could hope for is that it becomes a collector car.
Hap

Mason, OH

#9 Dec 9, 2008
Bob Burns wrote:
Boycott any car companies who get a bailout, and turn out politicians who vote for it
I have a question for you: Who's going to buy a car from a company that files for bankruptcy? And how about those patriotic senators (Sessions and Selby) R's from Alabama? They are threating to filibuster any type of loan to Detroit. Alabama has auto plants making money for Toyota, Honda and Hyundai and they made it possible by offering millions in tax breaks for them to locate there. They want to eliminate the American competition entirely. Shame on them and on you too.

Since: Apr 08

Meadville

#10 Dec 9, 2008
Hap wrote:
<quoted text>I have a question for you: Who's going to buy a car from a company that files for bankruptcy? And how about those patriotic senators (Sessions and Selby) R's from Alabama? They are threating to filibuster any type of loan to Detroit. Alabama has auto plants making money for Toyota, Honda and Hyundai and they made it possible by offering millions in tax breaks for them to locate there. They want to eliminate the American competition entirely. Shame on them and on you too.
Toyota and Honda vehicles built in this coountry use over 70% North American made parts and are assembled here. The so called American car companies, if they even assemble their vehicles in this country, are lucky to have 55% American parts in them when they roll them out. The lask of work ethic for the highly compensated union worker adds to the frustration.
Hap

Mason, OH

#11 Dec 9, 2008
Summit-Erie wrote:
<quoted text>
Toyota and Honda vehicles built in this coountry use over 70% North American made parts and are assembled here. The so called American car companies, if they even assemble their vehicles in this country, are lucky to have 55% American parts in them when they roll them out. The lask of work ethic for the highly compensated union worker adds to the frustration.
The profits go out of the country. Made in the USA will become extinct soon. I guess that's OK with you.
Hap

Mason, OH

#12 Dec 9, 2008
Summit-Erie wrote:
<quoted text>
Toyota and Honda vehicles built in this coountry use over 70% North American made parts and are assembled here. The so called American car companies, if they even assemble their vehicles in this country, are lucky to have 55% American parts in them when they roll them out. The lask of work ethic for the highly compensated union worker adds to the frustration.
Can you back up your claim of 70%, I don't think you can.
larry

Danville, CA

#13 Dec 9, 2008
Summit-Erie wrote:
<quoted text>
Toyota and Honda vehicles built in this coountry use over 70% North American made parts and are assembled here. The so called American car companies, if they even assemble their vehicles in this country, are lucky to have 55% American parts in them when they roll them out. The lask of work ethic for the highly compensated union worker adds to the frustration.
You are not correct!G.M. 78% Honda, Toyota 33%
Hap

Mason, OH

#14 Dec 9, 2008
Summit-Erie wrote:
<quoted text>
Toyota and Honda vehicles built in this coountry use over 70% North American made parts and are assembled here. The so called American car companies, if they even assemble their vehicles in this country, are lucky to have 55% American parts in them when they roll them out. The lask of work ethic for the highly compensated union worker adds to the frustration.
Google: American made index
Realist

Pittsburgh, PA

#15 Dec 9, 2008
Hap wrote:
<quoted text>Can you back up your claim of 70%, I don't think you can.
In 2006, the Ford Mustang was 65% domestic content; the Chevy Suburban was 67%. Honda Accord for the same year was 70%; Toyota Camry, 80%.

http://www.allbusiness.com/government/governm...
Realist

Pittsburgh, PA

#16 Dec 9, 2008
larry wrote:
<quoted text>You are not correct!G.M. 78% Honda, Toyota 33%
Note that the statement involved Hondas and Toyotas built in the U.S. If you consider all vehicles SOLD in the U.S., the numbers would change, and may be what you're talking about.
Hap

Mason, OH

#17 Dec 9, 2008
Realist wrote:
<quoted text>
In 2006, the Ford Mustang was 65% domestic content; the Chevy Suburban was 67%. Honda Accord for the same year was 70%; Toyota Camry, 80%.
http://www.allbusiness.com/government/governm...
Way to pick and choose, congratulations!
larry

Danville, CA

#18 Dec 9, 2008
Realist wrote:
<quoted text>
In 2006, the Ford Mustang was 65% domestic content; the Chevy Suburban was 67%. Honda Accord for the same year was 70%; Toyota Camry, 80%.
http://www.allbusiness.com/government/governm...
Why dont you do total content per auto co.!
Realist

Pittsburgh, PA

#19 Dec 9, 2008
Hap wrote:
<quoted text>Way to pick and choose, congratulations!
The statement was that Hondas and Toyotas produced in the U.S. had more than 70 percent domestic content. The Accord and Camry are the two best-known "foreign" cars produced in the U.S.

If you have other data on Hondas or Toyotas produced in this country, I would be glad to see it.
Hap

Mason, OH

#21 Dec 9, 2008
Realist wrote:
<quoted text>
The statement was that Hondas and Toyotas produced in the U.S. had more than 70 percent domestic content. The Accord and Camry are the two best-known "foreign" cars produced in the U.S.
If you have other data on Hondas or Toyotas produced in this country, I would be glad to see it.
Well scratch my back with a hacksaw. That's still only 2 models and they're the ones with the highest amount of US made parts, the other models will surely drag this figure down.

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