Mojoman's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/272479/comments http://seekingalpha.com/article/103262/comments?source=feed#comment-295148 295148
1.1 million (550,000 from Detroits car industry and 550,000 as result of those jobs going) to 4.5 million is your range. Thats HUGE. I understand its hard to get a bead on how badly this may affect unemployment in the U.S. but the upper range seems a little sensationalized. I don't think we need to stir up that kind of frenzy to get the point your are making.

Still even with the supposed bailout for GM right now ($5 billion in loans thats really for the Energy Dept for energy efficiency improvements), a merger with Chrysler (why I dunno), the creation of GMAC as a bank holding company (thus access to the $700 billion in govt credit crisis moolah) and a slow economic turn around (if that is the best case scenario) I think BEST CASE scenario Chrysler is done. If it merges, its brands will be fazed out. If it doesn't I don't see how they will survive Then GM and Ford still have a lot to do to make their businesses competitive. Thing is Toyota and Honda don't answer to the UAW unions the same way Detroit has. Their cost structure has allowed them to gain market share and be more competitive. The union, its pension, and its guarantees are a big part of why the Big 3 are no more. So maybe those job losses are going where they ought to... (ok thats a bit much- GM, Chrysler and Ford also blundered their way thru managing the companies but still if unionized car companies can't stay competitive maybe we should let the non-Detroit co's make cars...)

Best case scenario there will no longer be a Big 3 in the auto industry. It will be a Big 2- Toyota and Honda. (And if Ford and Gm can survive they will be smaller companies with smaller employment levels. No way around it)]]> Fri, 31 Oct 2008 11:21:34 -0400
1.1 million (550,000 from Detroits car industry and 550,000 as result of those jobs going) to 4.5 million is your range. Thats HUGE. I understand its hard to get a bead on how badly this may affect unemployment in the U.S. but the upper range seems a little sensationalized. I don't think we need to stir up that kind of frenzy to get the point your are making.

Still even with the supposed bailout for GM right now ($5 billion in loans thats really for the Energy Dept for energy efficiency improvements), a merger with Chrysler (why I dunno), the creation of GMAC as a bank holding company (thus access to the $700 billion in govt credit crisis moolah) and a slow economic turn around (if that is the best case scenario) I think BEST CASE scenario Chrysler is done. If it merges, its brands will be fazed out. If it doesn't I don't see how they will survive Then GM and Ford still have a lot to do to make their businesses competitive. Thing is Toyota and Honda don't answer to the UAW unions the same way Detroit has. Their cost structure has allowed them to gain market share and be more competitive. The union, its pension, and its guarantees are a big part of why the Big 3 are no more. So maybe those job losses are going where they ought to... (ok thats a bit much- GM, Chrysler and Ford also blundered their way thru managing the companies but still if unionized car companies can't stay competitive maybe we should let the non-Detroit co's make cars...)

Best case scenario there will no longer be a Big 3 in the auto industry. It will be a Big 2- Toyota and Honda. (And if Ford and Gm can survive they will be smaller companies with smaller employment levels. No way around it)]]> http://seekingalpha.com/article/97317/comments?source=feed#comment-268934 268934 Mon, 29 Sep 2008 17:27:49 -0400