What will happen to Big 3 after "cash for clunker" expires?
- Thread starter turkeyneck
- Start date
The exact same happened to the British auto industry decades ago and it died !
1.The mediocre talented executives were over paid.
2. The workforce were poorly paid ( by comparison to top execs ) and poorly managed so they got stroppy.
3. The foreign competition produced better cars
Its a lot cheaper to learn from the mistakes of others and DO something before its too late
1.The mediocre talented executives were over paid.
2. The workforce were poorly paid ( by comparison to top execs ) and poorly managed so they got stroppy.
3. The foreign competition produced better cars
Its a lot cheaper to learn from the mistakes of others and DO something before its too late
Yep.
The U.S. is going to be awash in gently used, extremely inexpensive, 1 to 2 year old cars soon, which will depress the price of new cars, also.
http://www.thetruthaboutcars.com/kelly-blue-book-cash-for-clunkers-bubble-will-burst/
Yea Bush runs up the debt by 5 trillion. Wall Street gets 800 billion. The Fed guarantees (through the printing press) billions more, but the 3 billion for Joe the Average Guy is going to bankrupt the economy and must be stopped. I think you need to call a cab to get home, you are cleary drunk on some right wing Kool-Aid
What will happen to Big 3 after "cash for clunker" expires?
What the fuck is the Big 3?
Ford be the BIG ONE.
Chysler be dead.
GM be Barry's project in socialism.
What the fuck is the Big 3?
Ford be the BIG ONE.
Chysler be dead.
GM be Barry's project in socialism.
While it's tough to determine the exact effects of massive government spending, one thing is obvious. You don't lower prices by destroying product. The feds are destroying two thirds of a million used car engines. Those cars will be unavailable for purchase, and that can only raise prices. Sure, the car companies will crank out more new cars. . . for a while. And there will certainly be more new cars in circulation than there would be without $3B from Uncle Sucker.
But some poor college kid is gonna be hard pressed to find a beater he can afford. He's going to be competing with many others for one used vehicle.
Kinda funny if you think about it. We're borrowing from their future to screw them out of their first car. Bend over youngsters, this is only the beginning of what we got planned for you.