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Auto Manufacturer Bailout - Page 7

If GM and Chrysler are so far in debt that they have creditors fighting over who gets paid first then I think the US government needs to be kicked in the rear for lending them the monies to start. They just bailed out the banks then put themselves in direct competition for major money in a loan to these companies. So either they collect from the manufactures then hand it to thew banks that they just messed up their existing loans or they just let the banks collect directly. Either way I think the tax payer is taking their bad choice right on the chin.

Just seems to me one bad choice after the next is being made. I so go Ford! If they are making it on their own then they are the only valid business of the three and deserve more of the market. As a consumer we will always have a car to buy and it will be made in north America by North Americans for a long time to come.

Bailout Manufacturer Auto

Chrysler, GM want additional billions

DETROIT - The price tag for bailing out General Motors and Chrysler jumped by $14 billion yesterday, to $39 billion, with the automakers saying they would need the additional aid from the federal government to remain solvent. In return, the companies promised to make further drastic cuts to all parts of their operations in the hope that they can strike a balance between their bloated cost structures and a dismal market for new-car sales. Ref. Source 1

Auto Manufacturer Bailout Reviews Consumer & Travel Family Culture

This seems to be a money pit for the american people. Just how much money are we going to keep pumping into these two auto makers? I think we need to cut them off now. I think I will buy a ford vehicle as they are not asking for billions upon billions of dollars.

Page 7 Bailout Manufacturer Auto

U.S. Auto Industry Painful Concessions

Obama Demands 'Painful Concessions' From U.S. Auto Industry as the Price for Its Survival [11:29 a.m. ET] Ref. ABC News

Bailout Manufacturer Auto

Yes Once again GM is demanding more bail out money. It seems since they got two bailouts now they can demand not ask but DEMAND more money. We should have let them fail in the first place so we would not be in this mess now.

Auto Manufacturer Bailout

I hate to see jobs lost but yes they need to close down and restart with new plans and cars. Just a poor set up from the get go.

Auto Manufacturer Bailout - Page 7

Yes it has been a bad set up for the past few years. I am hoping that GM does go through bankruptcy to help save taxpayers a lot of money. We can not afford to keep throwing money into a money pit. Look at what it has done to stocks today.

Auto Manufacturer Bailout Culture Family Travel & Consumer Reviews - Page 7

Don't be fooled, these CEO's are NOT losing money, they are still being paid, besides an actual pay check, they get stock options, paid vacations, a company car, company private jets, and the list goes on and on.

The only bail out plan I would agree with, is if the government will FORCE the car companies to ONLY make cars and trucks that gets 60 plus miles a gallon; 500,000 plus lifetime miles on one engine; lower prices, and longer time between necessary maintenance; lower prices on cars and trucks;

I realize that this is a large list, and may seem unrealistic, but no one can convince me that it isn't possible to make cars and trucks with ALL the above and STILL be profitable!