Quote:
Originally Posted by mpolli
Well this thread has gone off the track. My point was not to say that foreign cars are good and American ones are bad. I actually am not a fan of Honda and I do own a Ford truck. My point is that there are tens of thousands of Americans in American factories making foreign branded cars and making and sourcing their parts here. And the American brands are making many of their cars in foreign countries. The American companies say if they go bankrupt then the economy will collapse. My question is, is there any basis for this claim? Wouldn't their factories get bought by the remaining companies who would hire the same workers to make different cars? Will people want to buy less cars if 1 or 2 of the "big 3" go under? I doubt it. I will not mention that in 2000 Toyota announced the Prius and GM announced the Hummer... too late...
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Well it gets murkey these days as to what is an "American" company and what isn't. Chrysler for example is owned by Cerberus. A shady investment fund that can **** billion dollar bricks, but yet they want some cheap government money.
Chrysler should be excluded from these talks, heck they were a German company for the past 10 years. Cerberus is just looking for some cheap money so they are pimping Chrysler around to the government. They own the freaken company, if it's such a good investment why don't they pump in a few billion of their own money?
40% of GM's sales are outside the US.
If they go into chapter 11 some will lose their jobs, but in the end better companies will probably emerge. The market is still their for X number of cars per year and since our population is growing it is a growth area. Someone will provide cars to these customers, be it GM, Toyota, or something that will emerge from the wreckage of GM and Ford.