Comments on: Auto Company CEO’s Testify Before the Senate

By: storm

storm — Thu, 20 Nov 2008 12:35:50 +0000

I liked the hearing bit where the senators questioned the execs about arriving in private jets.

If the execs can figure how to cut the salaries of 16,000 employees by $1,000 they are ecstatic. Saving the same amount by cutting one executive is unthinkable to them.

By: Voltme

Voltme — Wed, 19 Nov 2008 21:27:42 +0000

Funny how folks are saying “They” when referring to the govt. handouts. The govt is and should be “Us” not “They”. We are the ones giving up this money, not “They”

It’s as if folks believe in some magical government piggy bank that mysteriously gets replenished with free money whenever we take a draw for a few hundred billion….

By: N Riley

N Riley — Wed, 19 Nov 2008 17:41:57 +0000

Well, I have to agree with Statik, once again. He has been right in the past and I believe he is right now. The only problem is to get GM and the government to agree to go through a “government sponsored” C11 as Statik explains it. Sounds good, but will they do it? Can they do it?

By: Todd

Todd — Wed, 19 Nov 2008 17:28:37 +0000

“First Chimes GM & Chrysler falls
Second Chime Ford Falls
Thirds Chime USA citizens ride bikes to work!”
It’s not like the rest of the car companies won’t exist because American car companies fail. And why do people think that if gm dies the rest will, if people want to buy American then American cars will get more business…so the rest should start doing better.
Suppose they all did die, I would imagine in less than 5 years there would be another US automaker, this time with products that are as good or better then Japan. It’s not like we can never have a car company if these fail.
Like so many other people have stated, what is throwing money at a problem without a solution going to do. They will continue to throw the money away, and eventually we may get the volt, if they are still around. Honestly im sure that if they go down another company will buy the volt and continue development. Even though Toyota and Honda say they are not interested, im sure they would like to study the technology to see if it offers some improvements on their own system.

By: Bob McGovern

Bob McGovern — Wed, 19 Nov 2008 17:11:42 +0000

Brad G says,
What bothers me is that the US government can give 700 billion to wall street for paper but can’t come up with another 25 billion loan to automakers so they can survive until they can bring new lines of cars to the market.
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What did they do with the Sept. 25 billion? Has GM been blind for the last several years? VW came out with the Beetle and that should have been the first clue to the Big 3 that they had better get the lead out. And now 30+ years later they want to retool and get propped up by the taxpayers. Get Rick Wagoner to donate some of his millions to the cause. 60% of the US retail product is labor so no wonder the US cars won’t sell. The Japanese auto market accounted for 54.7% of the auto sales in the US. Get with it Big 3 !!!
An American named Demming offered big companies a plan to improve their products and service several years ago. The Big 3 turned it down, the Japanese Auto makers accepted the plan. Soooo