tugmoose Posted December 30, 2008 Share Posted December 30, 2008 Well, was the bailout supposed to produce expensive credit? I mean, at least they're lending back our money without charging interest but only if we buy their crap. Quote Link to post Share on other sites
bjorn_skurj Posted December 31, 2008 Share Posted December 31, 2008 Consumer Reports says, do they not, that Ford is on a par with the Japanese now and GM is not that far behind? Quote Link to post Share on other sites
tugmoose Posted December 31, 2008 Share Posted December 31, 2008 Consumer Reports says, do they not, that Ford is on a par with the Japanese now and GM is not that far behind?So they don't really need the money, right? (I love answering questions with another question.) Quote Link to post Share on other sites
caliber66 Posted December 31, 2008 Share Posted December 31, 2008 Well, the only reason they can offer 0 percent is that they got 100 percent of our $5 billion. That doesn't strike me as a sustainable business model. And that's what I've always loved about the bailout: Giving banks our money so they can lend us our money and collect interest from us.So...you're mad that they are charging us interest...and...that they are...not...charging us interest...? Quote Link to post Share on other sites
bjorn_skurj Posted December 31, 2008 Share Posted December 31, 2008 Oh, that zero percent interest thing is a carnival trick. Quote Link to post Share on other sites
caliber66 Posted December 31, 2008 Share Posted December 31, 2008 Well, the only reason they can offer 0 percent is that they got 100 percent of our $5 billion. That doesn't strike me as a sustainable business model. I just thought the bail out money was there to help the companies re-invent themselves, not to help sell the old crap.Here's the thing, though. They can't just cease all operations and redesign their entire fleet. They have to sell their current stock, and they have to continue producing their current line, or else they will definitely go out of business before they have a chance to develop a new, more sustainable business model based on better-designed cars. Right? Quote Link to post Share on other sites
Guest Jules Posted December 31, 2008 Share Posted December 31, 2008 Yeah? Quote Link to post Share on other sites
tugmoose Posted December 31, 2008 Share Posted December 31, 2008 So...you're mad that they are charging us interest...and...that they are...not...charging us interest...? But what if you don't want to/need to buy a car? They're still getting your money. You're OK with that? Quote Link to post Share on other sites
tugmoose Posted December 31, 2008 Share Posted December 31, 2008 Here's the thing, though. They can't just cease all operations and redesign their entire fleet. They have to sell their current stock, and they have to continue producing their current line, or else they will definitely go out of business before they have a chance to develop a new, more sustainable business model based on better-designed cars. Right?But what if you don't want to/need to buy a car? They're still getting your money. You're OK with that? Quote Link to post Share on other sites
caliber66 Posted December 31, 2008 Share Posted December 31, 2008 But what if you don't want to/need to buy a car? They're still getting your money. You're OK with that?Is it a grant or a loan? But what if you don't want to/need to buy a car? They're still getting your money. You're OK with that?Is it a grant or a loan? Quote Link to post Share on other sites
tugmoose Posted December 31, 2008 Share Posted December 31, 2008 If I get it back, it's a loan. If I don't, it's a grant. Quote Link to post Share on other sites
MrRain422 Posted December 31, 2008 Share Posted December 31, 2008 I'm glad the financial industry completely restructured before receiving their bailout that is 45 times larger than the auto industry bailout. I also appreciate how they've been totally transparent in what they've done with the money. Quote Link to post Share on other sites
jimmyjimmy Posted March 27, 2009 Share Posted March 27, 2009 Has nothing to do w/ the big three but you may have heard about the debut of Tesla's Model S yesterday.Fully elec. 300+Mile range on a charge.0-60 in less than 6 sec.Base Price at $50K. Looks like a four door Aston DB9. A pretty compelling vehicle. While it's initially pricey, one hopes that as luxury/high-end buyers make the initial investments and production increases, prices will fall and become more accessible for the average consumer. Perhaps as new model years roll out battery development will advance and some of its limitations/issues will be addressed. I'm not convinced battery tech. is the way to go...Honda is currently testing their Hydrogen sedan on the West Coast successfully ( although there are issues w/ infrastructure to consider w/ those). It's just cool watching these designs come into the market right now. Quote Link to post Share on other sites
dondoboy Posted March 30, 2009 Share Posted March 30, 2009 Listen to the bell Chrysler. It rings for thee. I really don't know what is going to happen with either Chrysler or GM. Bankruptcy I suppose. Very little is being said about Ford and how they have managed to pull through this. People are literally flipping the hell out around Detroit. Quote Link to post Share on other sites
John Smith Posted March 30, 2009 Share Posted March 30, 2009 I'm glad the financial industry completely restructured before receiving their bailout that is 45 times larger than the auto industry bailout. I also appreciate how they've been totally transparent in what they've done with the money. And I am personally thankful that the people who created the whole financial mess have been held accountable and lost their jobs like the guy at GM just did. Accountabaility works in some industries not in others. Quote Link to post Share on other sites
jff Posted March 30, 2009 Share Posted March 30, 2009 People are literally flipping the hell out around Detroit. Please post video. Quote Link to post Share on other sites
dondoboy Posted March 30, 2009 Share Posted March 30, 2009 Please post video.Well, I meant figuratively but, sure, what the hell... Quote Link to post Share on other sites
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