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Riesentöter Forums › General Discussion › Off-Topic v
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Should the big 3 be bailed out?

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Should the big 3 be bailed out?
Brian Minkin Offline
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#19
11-18-2008, 02:50 PM
ccm911 wrote:
Quote:You know what the real question is here? The Americans have built crap for the past fifty or so years. Are we now to believe that an American can actually build a quality car? What changed? How about nothing!

A bailout will only prolong the suffering. Time to pull the plug and get on with life.

Americans have already "voted" on the future of the big three by refusing to buy their shoddy wares.

American built cars from the big 3 have improved in quality and as someone who works on their product every day I believe as far as quality they are world class. (I am not commenting on design and style here) Actually the quality of imports is dropping as they try to save weight and money on their vehicles. Also the amount of electronics on all vehicles regardless of brand makes a lot of unsatisfied customers as electronic failures are prevalent problems on most vehicles today. Unfortunately the American public has such a bad taste in their mouth from the years of the big 3 building junk that it is hard to get many consumers to look at their product today.

A big part of the problem the big 3 faces is a market with more competitors then ever before. Global trade and the Free Trade Act have made the USA an open market with no import tariffs so foreign manufactures can compete here easily. It appears that in 2009 we will start to see Chinese product being marketed here adding another division to the slice of the pie.

With the pie being sliced more ways then ever before, even as the economy emerges from recession it will be very difficult for the big 3 to maintain market share. So it seems that bailing out the big 3 without them seriously restructuring their business and downsizing makes little sense. For the big 3 to get bailout money from congress I think they need to present a plan for the future rather then grapple for money as they are now doing. They are able to compete in markets outside of the USA with product that sells well and they have a sizable market share. So it would seem that some where inside these dinosaurs are people that know how to build product and market it that would give them the same results as they get else where in the world. They can not however expect greater market share then they have in other parts of the world here with the global market the world now lives in.

They say that if they go bankrupt no one will want to buy their product because they will not be sure they will be there to service it. But going bankrupt and reorganizing seems to be the only way possible for them to restructure and downsize as the union has a strangle hold on them now and to be successful they need to get out from under this. I think they can emerge successfully from bankruptcy as smaller more efficient companies. If congress does bail them out and they do not change their way of doing business it will only lead to more begging as they fall deeper in the hole they are in.

Obama will bail them out in 2009 which will save them from going into bankruptcy. So this drama will continue far into the future.
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[No subject] - by - 11-16-2008, 01:45 PM
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[No subject] - by - 11-18-2008, 02:28 AM
[No subject] - by - 11-18-2008, 09:47 AM
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