At least Ford is not taking our money...
#21
That's a good point about assistance from governments. And when I really think about it, the only american made cars I know of being sold in europe are BMW Z4s. I wouldn't expect to see any big 3 models in asia either. So really, the North American governments may really be to blame, for allowing foreign manufacturers to have what the big 3 aren't allowed to have, global trade. The only way American companies are able to get sales outside north america, is to own other foreign companies, or have a partnership with them, i.e. Holden, Opel, Volvo, Mazda etc.
#22
That's a good point about assistance from governments. And when I really think about it, the only american made cars I know of being sold in europe are BMW Z4s. I wouldn't expect to see any big 3 models in asia either. So really, the North American governments may really be to blame, for allowing foreign manufacturers to have what the big 3 aren't allowed to have, global trade. The only way American companies are able to get sales outside north america, is to own other foreign companies, or have a partnership with them, i.e. Holden, Opel, Volvo, Mazda etc.
#23
Join Date: Mar 2007
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THEIR BUSINESS MODELS ARE BROKEN. THESE COMPANIES HAVE A GLUT OF INVENTORY. WHERE DOES IT END???
They keep saying, "Give us money now and we'll never have to come back." Really? If you believe that fairy tale, I have a handful of magic beans to sell you.
NO BAILOUT. Let the Free Market determine who lives and who dies.
News flash: even Toyota's sales are down, they get plenty of help from their government in their home market. Detroit got slammed hard from both sides by the gas price surge and the financial market collapse. Before you go complaining how it's Detroit's fault for not building fuel efficient cars stop and think for a moment. What is the goal of a business? They need to make a profit, and up until the gas surge the majority of the profits were to be had in the truck and suv markets. Toyota, Honda and the like have many small cars available and have been continually advancing them because they need those vehicles for some of their other markets, especially their home market, Japan.
In regards to your comments about horrible mismanagement, Alan Mullaly has not been on very long at Ford and it seems to me he's doing a pretty good job at the helm. In Chrysler's case they just got done being bent over and raped by Daimler when all this hits. Whatever your opinion on Cerberus might be they haven't had enough time to make a difference yet, there is no such thing as instant turnaround in the auto industry. As for GM, I think Wagoneer's been there awhile so we'll see what happens there.
#24
Every Z4 is made in the U.S., the engines are made in Munich, shipped to the U.S. for Z4 assembly, then sold around the world. I gave Holden and Opel as examples of the only ways GM is able to sell overseas. Ford is able to sell in some foreign countries, but every vehicle they sell overseas is made overseas. My point was that the north american auto industry isn't able to export, it seems the only car made by american hands that is sold overseas is the BMW Z4.
Last edited by Nofrag; 12-04-2008 at 06:32 PM.
#25
While Detroit is begging for money, the Japanese, once again, beat them at innovation.
http://www.usatoday.com/money/autos/...ept-vans_N.htm
http://www.usatoday.com/money/autos/...ept-vans_N.htm
#26
http://finance.yahoo.com/banking-bud...n-Save-Detroit?
There was a video article on this on ABC, where they were showing the average blue collar GM employee makes $75 an hour....compared to the $45-$50 an hour that Toyota/Honda/Nissan pays its employees...
Now, that right there explains the situation we're in......it adds up to anywhere from $1500-2000 per car difference...
Union Concessions Provide a Spark
The United Auto Workers union announced Wednesday that members will be willing to make modifications in the contracts they reached with the three U.S. automakers just last fall.
Those contracts granted the companies many cost-savings concessions, including a two-tier wage and benefit structure for new hires and a shift of $100 billion in future retiree health care costs to trust funds controlled by the unions.
The 2007 contract closes much of the labor cost gap between the automakers and the non-union plants operated in the United States by Asian automakers.
Ford estimates that its hourly labor costs will go down from an average of $71 under its previous contract of $71 for pay, benefits and all retirement costs down to $53 an hour by 2010 under the new contract. The comparable numbers for the Asian auto plants is $49 an hour, according to Ford.
But none of the savings that the UAW can offer, while important to their long-term competitiveness, will provide the automakers with the billions they need to get through the current auto sales slump.
The United Auto Workers union announced Wednesday that members will be willing to make modifications in the contracts they reached with the three U.S. automakers just last fall.
Those contracts granted the companies many cost-savings concessions, including a two-tier wage and benefit structure for new hires and a shift of $100 billion in future retiree health care costs to trust funds controlled by the unions.
The 2007 contract closes much of the labor cost gap between the automakers and the non-union plants operated in the United States by Asian automakers.
Ford estimates that its hourly labor costs will go down from an average of $71 under its previous contract of $71 for pay, benefits and all retirement costs down to $53 an hour by 2010 under the new contract. The comparable numbers for the Asian auto plants is $49 an hour, according to Ford.
But none of the savings that the UAW can offer, while important to their long-term competitiveness, will provide the automakers with the billions they need to get through the current auto sales slump.
Now, that right there explains the situation we're in......it adds up to anywhere from $1500-2000 per car difference...
#27
While Detroit is begging for money, the Japanese, once again, beat them at innovation.
http://www.usatoday.com/money/autos/...ept-vans_N.htm
http://www.usatoday.com/money/autos/...ept-vans_N.htm
Try googling the New Dodge Ram
Last edited by finc.jb; 12-05-2008 at 11:18 AM.
#28
The new Dodge Ram is innovative? The coil spring rear end was done by Chevy years ago. The cargo side boxes? Big whoo-pee. Look at what Volkswagen did back in the 1960's.
Folding gates are superior to the crappy fixed side-walls that US trucks have.
#29
#30
Back on topic(expecting some moderation in here), hopefully the concessions will give them enough survivability to get the loans. The loans can carry them until the industry saving models come out.
What I would suggest for GM, is to kill the doubled and tripled models. Kill all of the domestic brands and bring it all under the GM brand(they're already putting GM badges on their cars), and keep one model from every class. Also I would suggest they sell Saturn, rather than just kill it.
What I would suggest for GM, is to kill the doubled and tripled models. Kill all of the domestic brands and bring it all under the GM brand(they're already putting GM badges on their cars), and keep one model from every class. Also I would suggest they sell Saturn, rather than just kill it.