Bababooie

Does the Auto Industry Deserve To Be Bailed Out?

DJSunshine-
Point taken on the Nort American Born Citizen. Until the author gives a bio I am assuming, not sterotyping. I work with a good number of people with origins of France, Poland, Russia, Germany , Pakistan, India, China , Japan, etc. I work with highly educated professionals who have been in the business a number of years. Inept is inept. American or otherwise. The background of an author is just as important as the position of a the author stock holdings. The author is living in a world away from the automotive industry. The numbers are close, but applied in a incorrect fashion. Please do misinterpet my statements for thinking that the wages that the unions are deserving. I am not a union member.
I work in the automotive industry and see that there are some that do not deserve the wages, and I see others with years of experience tha should be paid much more.

Accounting 101
The books of the Automotive companies do not swell with excessive wages. The major cost are in the Utilities, Taxes, and purchase of raw materials. The problem is that wages unlike the other expenses is an ongoing expense.


Oh did I say taxes above. . .of course I did . . . That is also another thing that the auto workers pay. I believe that taxpayers should be able to have some special interest groups looking out for them!


1) being a student the author has most likley had little interface with people working to support themselves.
2) The real world is the workers not the students

Does the Auto Industry Deserve To Be Bailed Out?

UH2l-

Liberal . . . .That explains it!!

Satellite Radio Is Not Immune to Big Three Troubles

The current administration is deep into finance and Oil. The Government employees can not directly impact their assets(Blind Trusts), but can influence the appropriate markets. The unwinding of the Finance came about too early for the Congress to bail. They are not attempting to cut their losses. The attempt is to shore up the infrastructure long enough for a January/February exit by many. Rewriting of some of the tax laws would have been adequate to mitigate this whole metdown.

Does the Auto Industry Deserve To Be Bailed Out?

With a psudeo of Investor Nirav, It's highly unlikely that the author is a North American Born Citizen. Protectionest legislation in other countries are not allowing natural growth of an industry globally. The car companies are taking actions by exporting some of their labor overseas. The Author cited details on wages at the Auto Companies, but failed to mention the actual education that the workers have, and are striving to obtain. The current model of wage is abnormally high, but so are the wages of Financial managers of companies that are fialing and have failed. I am talking about MBA's, & Professors from the likes of Harvard, and Yale. The good ol' boys network got them in a position that their fathers might have been able to handle with LESS education.

The author had indicated that the conversation was with a "fellow student". The Author is obviously in the process of getting an education. Every education comes with a cold shower of reality once in the marketplace.

The Autoworker are getting paid exactly what the marketplace demanded. There are varying degrees of education by these workers. The SMART ones can get a comfortable income, while not having to deal with a lot of stress.

My advise to the Author.....Try and get a job (and Keep it!!)

The Hypothetical Automaker Bailout Gets Another Supplicant

Mr. Jim. . .
Ya beat me to the punch . . . LOL

The Hypothetical Automaker Bailout Gets Another Supplicant

get your ducks in a row ... Tesla wants part of the 25B tech money... not the new 25B operating funds

Auto Sales: Good News on the Horizon?

Vote No to More Shares

Vote yes to reverse split!

Auto Sales: Good News on the Horizon?

sl62. . . Your statement on using 20 year old statistics is valid. I did some research for Vehicle longivity from the US dept of statistics. It seems that 20 years ago 6 years was the average life span of an auto. Today the average life span is 8.5 years. You have to wonder with the .com bubble, how many vehicles were "Xtras" due to liquidity. This timing puts the auto industry at the peak due to the .com bubble for it's older vehicles. IMO it will take another 2-2.5 year for the Auto companies to get to at least 14 million vehicles. The numbers indicate a potential rise before that period, but very a very small one. If SIRI is counting on the Auto sector as its mainstay then technology will overcome SATRAD before Auto sales come back.

Auto Sales: Good News on the Horizon?

Thanks to Wards Auto World for the sales numbers:
The % Gain/Loss was calculated.

We still have a bumpy ride (slow growth) from 2008. But after a 27% drop, a gain is ALMOST inevitible.


year sales in thousands %G/L from prior year
1963 8,990 N/A
1964 9,494 5.61%
1965 10,885 14.65%
1966 10,664 -2.03%
1967 9,882 -7.33%
1968 11,487 16.24%
1969 11,552 0.57%
1970 10,211 -11.61%
1971 12,338 20.83%
1972 13,569 9.98%
1973 14,572 7.39%
1974 11,541 -20.80%
1975 11,103 -3.80%
1976 13,291 19.71%
1977 14,859 11.80%
1978 15,423 3.80%
1979 14,153 -8.23%
1980 11,444 -19.14%
1981 10,778 -5.82%
1982 10,538 -2.23%
1983 12,312 16.83%
1984 14,483 17.63%
1985 15,725 8.58%
1986 16,323 3.80%
1987 15,193 -6.92%
1988 15,792 3.94%
1989 14,845 -6.00%
1990 14,149 -4.69%
1991 12,550 -11.30%
1992 13,117 4.52%
1993 14,199 8.25%
1994 15,411 8.54%
1995 15,116 -1.91%
1996 15,456 2.25%
1997 15,498 0.27%
1998 15,967 3.03%
1999 17,415 9.07%
2000 17,812 2.28%
2001 17,472 -1.91%
2002 17,139 -1.91%
2003 16,967 -1.00%
2004 17,299 1.96%
2005 17,444 0.84%
2006 17,049 -2.26%
2007 16,460 -3.45%
and my projection for 2008
2008 12,000 -27.10%

Short Covering in Auto Stocks

Bottom line, there is a market out there, of people that will always have a new car. I could not find an industry survey or a government site that has this information. The fact is there is a perennial new car buyer niche. There are other buyers whose run on vehicles sales are much closer tied to the economy. It is this niche that established the covering of Shorts. The Auto market may not be recovering, but for some, it may just be stabilizing

OEM Sales Can Translate to Better Cash Flow for Satellite Radio

Sirius-XM is now second to Comcast in it's subscriber base. Little tweaks here and there won't hurt. I agree with ARI, The long term goal is the expansion of services beyond the "CURRENT SATTELITE RADIO" service. With the advent of internet phones, subscription base should rise quickly.