Seeking Alpha

rdr4 » Comments » Single Comment |

  • Why Most Americans Don't Mind if the Big Three Fail [View article]
    There seems to be a presumption, on the part of the alarmists, that a failure of the big 3 would create an vacuum in the industry.
    The demand for automobiles and trucks is not going away, it is being redistributed. Although it is possible that some other automaker might buy a substantial amount of the Detroit big 3 car makers distressed property to allow for the increase in their anticipated market-share, the foreign automakers seem to feel that the Detroit environment does not enhance their potential for producing a cost effective product.
    Toyota, VW, Nissan, Honda, etc, appear to share that thought.

    I have a 1996 F-350 diesel work truck pick-up, bought new. The glow plug condenser goes out every 3 months. The driver seat self destructed at 36,000 miles ( I weigh 180). The leaf springs broke although the truck was never overloaded. Ford did not even stock the springs. The transmission fell apart at 147,000. Now, the heater failed and Ford does not stock any replacement, nor is there a part available in the aftermarket. Yes, I want more of this, not!
    Supporting Detroit is like holding a dead body above your head while swimming across a rampaging river.



    Nov 20 09:48 am |Rating: 0 0
All Comments by rdr4 »
Comments by Ticker
rdr4's
Comments Stats
59 comments
Rating: -10 (2 - 12 )