pel

The Ford Debt Disaster Continues

I agree more with the third writer than I do the author of this article !! I own GM bonds and even though they are trading for 50 cents on the dollar at this point, they pay an attractive rate of interest and I will hold them until they are called. Ford and GM make great cars at this point in time, they are right up there with Japanese cars in terms of defects and styling. These people are shedding their retireees medical costs to the Union for cash which is a smart move, hiring cheaper help to replace active employees who are retiring and if you haven't looked recently, check out who is the leader of cars manufactured and sold in China ?? Its GM by a wide margin and given the potential population of China, they have a great lead over there. More and more profits from these companies will emerge from China, India, Brazil and other countries starting to emerge and create middle class consumer folks. Lastly think about the reasons that Japanese automobiles are not too popular in China and probably never will be !!!!!!!!

General Motors: General Malaise

I agree with the first writer. GM Is doing gangbuster sales overseas. In 2009 or 2010, their legacy costs will in some ways be reduced due to many retired UAW workers dying off. Give them time and I think they will be OK. Getting rid of Buick and/or Pontiac, Saab, etc. might be worthwhile.