EC48

If Toyota Is Projecting a Loss, Imagine the Pain Detroit Is in For

It is appearent to me that all the so called "experts" and media know only of one solution, bankruptcy. Whenever they conduct an interview or write a column, regardless of what anyone says the only thing they want hear is that bankrutcy is not only an option but "the" option.
If all the experts and the media were unemployed we'd be a whole lot better off.
I don't own a Detroit vehicle, am not a fan of unions and the amount of shares i own in the auto sector wouldn't buy you a decent vehicle but I do hope the Detroit 3 make it just to shut these guys up.

Detroit's Biggest Failure: Losing the Youth Market

I think moc1166 is living in fairyland. The UAW may not be responsible for all the Detroit 3's woes but they are certainly a huge contributor. If you multiply $2,000 by multi millions of cars that Detroit has sold it adds up to billions of $'s, many more billions than the amount they are asking for in loans from Washington, I would guess in the range of 100 billion+ over the last ten years. That additional 100 billion might have put theem in an entirely different position than they are today.
As for building cars no one wanted, seems to me an awful lot of people bought them, they also built vehicles that would keep them viable due to the additional burdened costs caused by the UAW comittments.
The author of the article is correct though that they need to appeal to the youth market, they also lost many customers due to their arrogance in the past, me being one of them. Much more difficult to win customers back than to retain them.

AIG's Bond Sale Is No Cause for Celebration

Great article, It's appearent where the U.S. Governments intersts are. Saving AIG has nothing to do with saving AIG,

Let's Hope the Auto Bailout Has Failed for Good

John D is right and we should remember that the root cause of the problem are the financial institutions and the government who allowed the financials to operate in an irresponsible manner. If it wasn't for their greed we wouldn't be in this mess but I didn't see any of the CEO's of financials subjected to the belittleing, maybe somewhat deserved, that the Detroit automakers went through.

Let's Hope the Auto Bailout Has Failed for Good

pctecguy, if this were a different time, say two years ago, I would agree as the econmy could bear it, in todays econmic environment, the fallout will be crippling. It's not GM or the UAW I care about, it's me.

Let's Hope the Auto Bailout Has Failed for Good

Yes I'm sure that's exactly what will happen, Then once all the parts suppliers go bankrupt we can pick and chose and take the best. Same goes for all the dealerships, ad firms, etc. just like the tooth fairy and santa claus.

Automaker Bailout Fails: This Is Not Good

I must agree that the UAW needs to be part of the solution and must make concessions on wages and benefits and they are either in denial or senile like some of the politicians. However for those who are gleefully cheering for a bankruptcy, be careful what you wish for as you will most likely live to regret it.

What's Wrong with the AIG Bailout Model?

The banks would be significantly more profitable if they adopted the Fed's strategy, give you a motgage on your house at atrocious rates and once you pay it off they still own 80% of your house, which they can sell at a profit when they wish. Not a bad deal, but the Fed's would probably have a law that would make it illegal, unless your the Fed's of course.
Any taxpayer want to sign up for this type of loan?