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Why do we keep throwing money at these relics? These cash injections do nothing, they'll want another in 3 months. They will never change...the UAW has them suffocated. Do you see the Japanese carmakers asking for a bailout? No, they have good engineering and no UAW.
Nov 09 09:24 am
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All Comments by Joethecarbuyer »Demand More for Your Auto Bailout Dollar; Oil Patch Should Bounce Back Long Term [View article]
The immediate problem is that no one is buying a car. Why not just give taxpayers a $3000 credit to buy a car so the automakers can liquidate their inventories? The Big 3 can get the cash and give them some time to breathe. Then lay on the requirements to improve mileage etc. and loan them the funds to go forward...using their pension funds as collateral.