Tomas04

Ford: Will Mulally Be Able to Continue His Masterful Job?

Ignorance? Take it from someone who knows. GM has cut far more of their workforce than Ford has. Now go back to your talking points and find that in their.

And how much cash do you think Ford has? And if they have so much why do they want a $9 Billion line of credit from the gov't? Again, go back and find the correct talking points and I will be waiting.


On May 13 11:26 AM User 413257 wrote:

> Nothing like showing your complete ignorance on a public website
> for all to see. Ford has cut its salaried & hourly workforce
> in the US by 50% over the last three years.
>
> Ford has significantly more than a few months worth of cash. GM has
> done precious little to control costs and is still running around
> Detroit like nothing is wrong. If you want to talk about failed leadership
> look no further than GM.
>
> On May 12 01:23 PM Tomas04 wrote:

Will CDSs Push GM into Chapter 11?

The concessions are for current wages. Everything they gave up impacts them right upon ratification. Also how is $2 billion a year not a problem? That's more than triple what Toyota pays.


On May 13 06:33 AM greedy bondholder wrote:

> 1. It's not clear that all or even the majority of CDS are owned
> by Bondholders
> 2. How much per month does the CURRENT union worker make? MAny of
> the "concessions" are for futrue workers
> 3. you don't even mention the disproportionate government stake and
> their "control" of this company. 50% ownership for less stak thatn
> the bondholders who get 10%?
> 4. A reasonable offer to bondholders months ago could have prevented
> this mess....now the people of the US will fund this monster through
> BK (another 10-20 billion)
> 5 Chrysler bondholders could have been assuaged with a couple billion
> more.....now the governement is funding them 7 billion through BK.....no
> other conclusion than it was designed to favor unions and tear down
> capitalism.
> 6. GM Bond intrest was only 2 billion a year on revenues of over
> 100 billion...intrest payments ARE NOT THE PROBLEM at GM. INfact
> they could have issued new bonds to replace the old bonds that just
> paid intrest for next 20 year s and never paid the principle and
> that would have been acceptabel to all parties. but that didn't happen
> either.
>
> things that make you go hmmmm?

Ford: Will Mulally Be Able to Continue His Masterful Job?

Quit kissing Ford's you know what. Mullaly has done a masterful job huh? They have a few months worth of cash because they happened to mortgage their future. They have shed no more jobs than GM has. The media loves to suck up to people when they are up and kick people when they are down.

Five Reasons to Say Yes to American Cars

Time to start investing in this country.

Five Reasons Not to Buy American Cars

The Quality of GM and Ford vehicles are as high as any foreign automakers on most quality surveys. There are still a few where the Japanese win but there are virtually none where the Europeans win. So, why would you not tell people to avoid Euopean cars? Other than some bent you have against American cars.

Also, it is true that some GM and Ford cars are assembled elswewhere but most of the vehicles and most of the parts are American. Far more than Toyota or Honda. In fact, the G6 has more domestic content than any of them.

I can't help but wonder if the Big 3 have done something to you that has caused you to be a little "disgruntled" Rick.

Why GM's Wagoner and Not BofA's Lewis?

We don't need him. That's where the arrogance comes in. He is not God so stop treating him and the rest of the bankers like they are.

GM Needs to Be Leaner and Meaner if It Wants to Survive

Every company now has an income statement problem. GM is working to resolve the balance sheet problem but remember, even Toyota is bleeding billions.

The Economy, And Why It's Taking So Long to Fix It

Bernanke was right???????????? He was in charge. I suppose Greenspan was right too. And Paulson, was he right????????????? Does that mean they like to see us suffer then? What a pile of crap!!!

Recent Policy Decisions and a Greater Depression

I am gonna go on record and say that conservative fiscal policy sucks and there is plenty of proof to back that up so let me just say "It's time for a new direction so shut the hell up conservatives."

Ford a Likely Survivor of the Auto Industry Crisis

Oh come on! Ford is in a better position because they borrowed more money before the credit markers collapse. Take a look at their cash burn compared to GM and Chrysler. It is at least as bad if not worse. And to criticize Wagoner because GM has done bad in recent years is such a crock. Ford has not been doing stellar since the 90's either. In fact the problem with the Big 3 is the problem with this country right now, out of money and frozen credit markets.

Is GM's Worker Buyout Offer Insulting?

It's pretty sad times when people get excited over others mistreatment. We are all in for a very rocky ride and yes the union workers for the auto plants will get hurt in the end here but is that something to gloat about?

Who Might Benefit From Detroit's Failings

Blacksilver:

"Just as many Americans own stock in them,depend on them for a living and benifits"

This is where you are wrong- far more people rely on the Big 3 than the transplants- suppliers, thousands of retirees and more dealers. This is a very flawed statement- the Big 3 have far more US content in their vehicles than the transplants.

Who Might Benefit From Detroit's Failings

And what about the retirees pensions and health care- are those just gonna go away? And then the government will have more people without health care and retirement.

What about the fact that the Big 3 buy more parts from the US than Toyota and the other transplants?

What happens if the Big 3 collapse and the transplants shut down and move offshore for cheaper labor? They can still import here- we will need cars, but who will get the jobs?

I know these are questions that require thought and these people that write these articles are not keen on critical thinking but that lack of critical thought is what got our country into the economic mess it is in.

The Return of the $70 per Hour Meme

GM is not burning $5 B a month. Please get your facts straight. GM has burned on average about $1B a month.

The Return of the $70 per Hour Meme

I just ask that each of you think about what you are wishing for with saying the Big 3 need to go bankrupt. Without liquidity, bankruptcy means out of business. Out of business means 3 million jobs lost. 3 million jobs lost means hundreds of thousands of foreclosures and millions of people without healthcare. At the end of this proces if congress lets the big three go under, I hope they all own up to the fact that they pushed this country into something as bad if not worse than the great depression of 1929.

Our country does not need that right now.