Not really. George has decided to take money from the US$700bn that was going to go to the banks and give some to the big 3. Quite rightly so I feel.Quote:
Originally Posted by MikeD
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Not really. George has decided to take money from the US$700bn that was going to go to the banks and give some to the big 3. Quite rightly so I feel.Quote:
Originally Posted by MikeD
I can't find a link confirming that. Do you have a link? Only news I have read is that there might be an extra second vote in the senate before the end of the year.Quote:
Originally Posted by Daniel
Quote:
Originally Posted by Daniel
This story:Quote:
Originally Posted by MikeD
http://money.cnn.com/2008/12/12/news...ture/index.htm
Thanks Roy :)
Just looking at the GM stock, then it dropped 36% when the NYSE openend. now the drop is reduced to app. 14%, so the news of funding might be comming their way has an immidiate effect...
Do you?Quote:
Originally Posted by Daniel
It amazes me how these companies get away with making multi-billion losses for so long in the first place.
In the UK there is a national newspaper (Independent) on the brink of bankrupcy. I read an article the other day saying their debt is over £1billion. Can't see them ever being able to pay that back.
I suppose you could say it was the banks error to lend this money in the first place, and they got bailed out, so....
I hope that all three giants would drop dead in U.S. That would be a great lesson to unions refusing to co-operate.
And if Ford goes bankcrupt, there's no Ford in WRC either. No doubt about that.
And it would make the americans to develope cars that are from this century, I think their biggest problem is that they make cars nobody wants, but I belive they will nationalise the car industry too.Quote:
Originally Posted by Woodeye
You know, the average wage for UAW workers has been flat for maybe 25 years, so much have they given back, and renegotiated.Quote:
Originally Posted by Woodeye
Meanwhile the pay to executives---you know the ones that make the decisions on what product to build and sell---has grown for about 40 times the average UAW workers wage to about 450 times the average wage.
But yep it must be all those greedy workers making 45-50,000 a year that is the root of all their problems, no way is it the executives making 22-30,000,000 a year----regardless of if the company makes a penny or not.
Satanas poiki, I though your name is Wood eye, not wood head!!! perrrrkele!
Hey cross poiki, what do you think will happen, will the taxpayer reach their helping hand to the shareholder.Quote:
Originally Posted by janvanvurpa
The Big 3 makes cars that Americans want.Quote:
Originally Posted by Tomi
Why do you think Renault, FIAT, Peugeot, Skoda ect don't sell in the US?
Fact is today nobody's Cars are selling.
The problem for the big 3 are the Unions.
2 years ago GM and Toyota sold about the same amount of cars. Toyota made money GM lost money because of labor costs.
Anyway.
Ford is in better shape than the other 2. in fact they are turning down the Federal loans.
http://www.detnews.com/apps/pbcs.dll...TO01/812100431