American Auto Industry Crisis

American Autos

I finally got tired of buying the high priced American built autos that start breaking down after a year. In 04 I bought my first foreign made auto and its great and didnt break my bank account. Let us not forget that the foreign autos are a lot easier on gasoline. My GMC truck sits in the garage and has for over a year because my foreign car is far better on fuel and never breaks down. Since I bought the truck new in 2000 I have paid for a major repair every year along with breaks tires oil and lots of fuel.

If the US auto makers dont do something soon, they will be out of business. I am looking at another foreign model that is great on fuel as a second car. It will spend more time on the road than my Ford or GMC, our other car has already.

Build a good and dependable auto that is good on fuel and cost less and I will buy American again. Until then I will not buy another American built auto.

Looking at the shape all three American auto makers are in, a lot of people are doing the same thing.

I will keep my truck, who knows I may need the 4 wheel drive sometime. Until then it will sit in the garage to keep repair bills down. Something to think about FORD GM and Chrisler.

Auto Industry

I think all they need to do is stop charging us rediculus prices for Cars in the first place maybe people would buy them. They charge us $50,000 for a car that cost $3000 to build. So why should we bail them out....

Auto Industry Help

Let them fail? ... OK next war, ask Toyota or Honda to build tanks and trucks for the war effort ...

Truth: a lean, modern U.S. Auto Industry

Looks like the auto industry need better PR wizards. Out-of-date, ill-informed and insulting rhetoric is stealing the headlines and the blogosphere.

At the Congressional hearings this week, Rick Wagoner was the most intelligent, hardest-working and ethical person in the room. Don't believe the self-serving theatrics of a dysfunctional Congress. The hearings were filled with red herrings and hypocrites. See more on the worst of the bunch, Alabama Senator Shelby:

http://www.freep.com/article/20081119/OPINION05/81119080

Do we want cheap political stunts, or do we want to save the U.S. manufacturing sector? It's very simple -- the auto industry needs bridge loans (not a bailout) to get through a liquidity crisis that it did not create. Just do it.

Support for the Economy!

Lawmakers, We desperately need the US government to support our automakers. Your job is to protect the people and strength of this nation and its economy and you need to do that now. If you fail, there will be a domino effect that will ripple trough this economy that will be with out precedent. You also need to ridicule those that try to attach “Pork Barrel Spending” to any solution that is sent for a vote, if they do not want to keep thousand of Americans working and purchasing in this country, you just advertise that fact and let those who depend on these industries for their lives speak up! This is the only country in the world that the government treats the industry that employs 10% of its population with contempt!

This problem has more to do with the poor state of the economy than the way the Big 3 run their business activities. They are caught up in the financial crisis caused by the government’s lack of regulation in the mortgage industry that allowed too many bad loans with executives making obscene amounts of money. You need to point out all the supporting industries that depend on the auto companies for their survival and income for the people they employ. Auto company employees buy products and goods from every state in the union. If 10% are not working, they are not buying. The companies that loose 10% of their income lay off people. Now those people are not buying goods made in states with no auto related industries! It does not take a rocket scientist to recognize the warning signs here. Moreover, if they have to wait until next February, we may have past the point of no return by then.

OK to waste $350billion?

That's what's already been wasted bailing out banks & other financial businesses, including insurance companies, and it has done nothing to help workers or homeowners.

Tired old Companies with Tired old Products

25 billion will only delay the collapse.

These are tired old companies with the same tired old management, with the same tired old ideas - fauilure is certain. Do you think anything will change?

Why waste 25 billion taxpayer dollars?

Let the FAIL and let the FREE market fill the void!!!