Toyota looking for Bailout!!
#121
TECH Enthusiast
iTrader: (4)
Join Date: Feb 2004
Location: Charlotte NC...but a Jersey boy till death
Posts: 574
Likes: 0
Received 0 Likes
on
0 Posts
People are still not 100% convinced American cars are up to par with imports. Plain and simple. Kill the UAW let the 3 convince people that their cars up to snuff and people will come. Strong holding the other guy won't help. Just think, if GM could stop paying the high salaries, and perks those asses get, they could still sell the same amount of cars, do the same out of R&D, the same if not more of everything and make a profit.
It's their out flow of cash that is really killing them. They need to get rid of the UAW.
It's their out flow of cash that is really killing them. They need to get rid of the UAW.
#122
Why should they be forced to pay redic salaries? They were smart enough and strong enough to fight off the UAW, why should they as a company be punished and have to pay. Why not get rid of the UAW and if they refuse, fire their asses. If the 3 had to pay $45 dollars instead of $78 + all the other perks, they could be making the same cars, and selling them for less, and not be in this mess. 95% pay for the rest of your life when you retire? Come on now, lets be smart about this.
Why is it everyone is willing to yell at people that don't buy American cars all the time and call them nut swingers and Anti American, but not one person looks at the people who made these desicions and give them ****. They made the bad calls in numerous aspecs but everyone is willing to forgive and say "buy american". Everyone keeps saying "America makes great cars" That maybe and probably is true, but it gets trumped that they can't run a company. I don't care how many people they employ, they made bad calls.
The same goes for the greedy ***** in the UAW. Toyota workers seem to be living ok on their salaries. Why should the big 3 workers gets all the extra fluff just because? They are greedy ***** and have helped screw over the big 3 just as much as the boys in the big office. Maybe they all should take a pay cut and chaulk it up as, "Hey we ran a good race but hey, back to reality"
Why is it everyone is willing to yell at people that don't buy American cars all the time and call them nut swingers and Anti American, but not one person looks at the people who made these desicions and give them ****. They made the bad calls in numerous aspecs but everyone is willing to forgive and say "buy american". Everyone keeps saying "America makes great cars" That maybe and probably is true, but it gets trumped that they can't run a company. I don't care how many people they employ, they made bad calls.
The same goes for the greedy ***** in the UAW. Toyota workers seem to be living ok on their salaries. Why should the big 3 workers gets all the extra fluff just because? They are greedy ***** and have helped screw over the big 3 just as much as the boys in the big office. Maybe they all should take a pay cut and chaulk it up as, "Hey we ran a good race but hey, back to reality"
#123
TECH Enthusiast
Join Date: Dec 2004
Location: Louisville, Ky
Posts: 678
Likes: 0
Received 0 Likes
on
0 Posts
This is the statement that a lot of people feel for GM. But just think, if they file bankruptcy right now without a reorg, it'll cost us a lot more than they are asking for in unemployment. The best thing we can do is give the big 3 their money, but stipulate that certain things need to happen. The UAW being abolished or coming under government control would be high on that list, but regardless after they reorganize if they want to file bankruptcy so be it. I don't think people realize the domino effect that will take place if they file chapter 11. It has been mentioned on fox and cnn that chapter 11 bankruptcy isn't even an option that if they file it could be straight to the auction block with them.
#124
TECH Resident
iTrader: (3)
How about a qualification on that statement.
Realistically, I can say there are only a handful of Foreign vehicles that can fit the category as being truly trouble free. And there are plenty of American vehicles that are superior to most "Imports". I buy many vehicles every year, mostly domestics, and a few imports even. There is only one that has performed flawlesly from day one with nothing having been replaced since I bought it new in 2002. Of course its a GMC truck! Now I'm looking over the reciepts for a 80k mile Camry that I picked up for a friend since this is his preferred vehicle. 1 Radiator replaced, 1 A/C compressor replaced, Steering rack replaced, Cat replaced. And this is from a vehicle I would recomend due to a typically strong repair history, just not this one. For reqular cars I consider the Camry, Accord, Civic and Corolla to be on my safe to recomend list if you have to buy on import. Almost any of the other sub-tier Japanese and Korean vehicles don't make the list.
#126
TECH Enthusiast
iTrader: (4)
Join Date: Feb 2004
Location: Charlotte NC...but a Jersey boy till death
Posts: 574
Likes: 0
Received 0 Likes
on
0 Posts
Put some thought into what you are saying. This is the biggest problem I hear from Foreign car supporters. Making the "All Import statement vs. all American". On par with which imports? a Kia Sophia, an out of warantee Mitsubishi or Audi, or maybe a Camry or what American vehicle? Ford Mustang, Chevy truck or maybe a Stratus?
How about a qualification on that statement.
Realistically, I can say there are only a handful of Foreign vehicles that can fit the category as being truly trouble free. And there are plenty of American vehicles that are superior to most "Imports". I buy many vehicles every year, mostly domestics, and a few imports even. There is only one that has performed flawlesly from day one with nothing having been replaced since I bought it new in 2002. Of course its a GMC truck! Now I'm looking over the reciepts for a 80k mile Camry that I picked up for a friend since this is his preferred vehicle. 1 Radiator replaced, 1 A/C compressor replaced, Steering rack replaced, Cat replaced. And this is from a vehicle I would recomend due to a typically strong repair history, just not this one. For reqular cars I consider the Camry, Accord, Civic and Corolla to be on my safe to recomend list if you have to buy on import. Almost any of the other sub-tier Japanese and Korean vehicles don't make the list.
How about a qualification on that statement.
Realistically, I can say there are only a handful of Foreign vehicles that can fit the category as being truly trouble free. And there are plenty of American vehicles that are superior to most "Imports". I buy many vehicles every year, mostly domestics, and a few imports even. There is only one that has performed flawlesly from day one with nothing having been replaced since I bought it new in 2002. Of course its a GMC truck! Now I'm looking over the reciepts for a 80k mile Camry that I picked up for a friend since this is his preferred vehicle. 1 Radiator replaced, 1 A/C compressor replaced, Steering rack replaced, Cat replaced. And this is from a vehicle I would recomend due to a typically strong repair history, just not this one. For reqular cars I consider the Camry, Accord, Civic and Corolla to be on my safe to recomend list if you have to buy on import. Almost any of the other sub-tier Japanese and Korean vehicles don't make the list.
And Kain- Fine let them reorg I think they need a HUGE reorg, but don't let them go down the same path and pump more money in to them, with the idea. "If we (the gov) keep their heads above water long enough, peole will come back and buy from them and all will be good in Oz again" Make them do A B and C and maybe even DEFGHIKLMNO before they get anymore money. It blows my mind that we will pump this money in to fix the problem, It's putting a band aid on a gun shot wound.
Last edited by PopaPork; 03-12-2009 at 07:49 AM.
#127
TECH Enthusiast
Join Date: Dec 2004
Location: Louisville, Ky
Posts: 678
Likes: 0
Received 0 Likes
on
0 Posts
#128
TECH Resident
iTrader: (3)
Hey I'm just saying it's pretty obvious that the American car buyer doesn't trust the big 3 fully, If they did everyone would be driving a big three car. I don't care which cars rank to what cars, that wasn't the point of the post. It just not all people trust them, or trust them yet.
Example: When I was conducting competitor testing for a Japanese OEM, we would disseminate which vehicles were to be tested and disassembled with a subjective ride and drive before acquiring data and tearing the vehicles down. The goal was to reduce the # of vehicles tested and disassembled to minimize cost and test time. The management would view this as an initial scrub; I viewed it as a quality check on competitor vehicles. Typically, none of the sub-tier Japanese vehicles, and none of the Korean vehicles made the cut. Consistently at the top of almost all tests were Toyota, GM brands and Honda vehicles, and VW specifically for compacts. Ford and Chrysler vehicles typically were at the bottom, but still made the cut. Test were for Ride/Handling in addition to Noise, Vibration and Harshness; All good tests for vehicle quality.
This is what I am getting at; There is not an overall Import vs. domestic quality gap. There may be a quality gap between the best Import vehicles and a GM vehicle, which is debatable if you look at the new Malibu or GM's truck line. Even domestically, I would say that overall, GM vehicles are of higher quality than their Ford and Chrysler counterparts. This may be changing with the latest Fords, but I can't speak from personal experience.
Last edited by TT632; 03-12-2009 at 12:49 PM.
#129
TECH Veteran
Join Date: Feb 2004
Location: Phoenix, AZ Hometown: Aberdeen, SD
Posts: 4,231
Likes: 0
Received 0 Likes
on
0 Posts
#130
TECH Enthusiast
Join Date: Dec 2004
Location: Louisville, Ky
Posts: 678
Likes: 0
Received 0 Likes
on
0 Posts
No trust me you'll know when it happens. Our current unemployment rates are measly compared to what they will be. Oh and GM just told the Government to keep the 2B they were supposed to get for March.
#131
TECH Regular
Thread Starter
iTrader: (1)
Join Date: Jan 2007
Location: Levittown PA
Posts: 498
Likes: 0
Received 0 Likes
on
0 Posts
So really Trishield, are you saying they should just cease to exist? I understand that may be what you want. But I'm really asking you to answer that question.
Since you state they are lost,
Should they just file chapter 7?
#132
TECH Resident
iTrader: (3)
TriShield has always been doom and gloom with respect to the downfall of the big 3. He is right to a certain extent with regards to management and legacy cost issues.
But trust me, not all Foreign automakers have their act together either, and many have survived just fine. Fiat, Nissan Hyundai. and the French automakers come to mind as an example of automotive OEMs that have pulled though difficult times. Some with the support of their governments.
But trust me, not all Foreign automakers have their act together either, and many have survived just fine. Fiat, Nissan Hyundai. and the French automakers come to mind as an example of automotive OEMs that have pulled though difficult times. Some with the support of their governments.
#133
***Repost Police***
Join Date: Dec 2005
Location: DFW, TX
Posts: 2,480
Likes: 0
Received 0 Likes
on
0 Posts
Yeah, but Nissan pulled through their hard times in the 90s by a serious change in management (Renault). And a huge part of that change was the switch from timing belts to chains. So they recognized a problem... and changed it. The Big 3 need to change a lot of things before they can hope to be viable in the long run.
#134
TECH Enthusiast
iTrader: (4)
Join Date: Feb 2004
Location: Charlotte NC...but a Jersey boy till death
Posts: 574
Likes: 0
Received 0 Likes
on
0 Posts
Tri is right to a point. IF we let the big three keep running things the same old way, we will see this same thing in a couple of years. So yeah current business model, they are lost. File and be done with it it. IF they change everything from the factory floor up to the head office, and I mean really change it, change how they pay people, change their offering, change how they do busines and WHO does busness then give them the money they need to help them through this.
I think most people are OK with helping them out, but not ok with just throwing them a check and not having anything change. Their way of doing things obviously doesn't work, so why keep letting them do it? Just because they are Americas Big 3?
I think most people are OK with helping them out, but not ok with just throwing them a check and not having anything change. Their way of doing things obviously doesn't work, so why keep letting them do it? Just because they are Americas Big 3?
#137
TECH Enthusiast
Join Date: Dec 2004
Location: Louisville, Ky
Posts: 678
Likes: 0
Received 0 Likes
on
0 Posts
And Kain- Fine let them reorg I think they need a HUGE reorg, but don't let them go down the same path and pump more money in to them, with the idea. "If we (the gov) keep their heads above water long enough, peole will come back and buy from them and all will be good in Oz again" Make them do A B and C and maybe even DEFGHIKLMNO before they get anymore money. It blows my mind that we will pump this money in to fix the problem, It's putting a band aid on a gun shot wound.
#138
#139
TECH Resident
iTrader: (3)
To see the difference between Toyota getting a 2 billion loan and GM getting an open-ended 40 billion plus loan just ask yourself this.
When was the last time GM was profitable? When was the last time GM increased their US marketshare? When was the last time GM ranked at the top of ratings like Consumer Reports? When was the last time GM had a reputation for quality products? When was the last time GM didn't have to resort to huge rebates, 0% sales and other tactics to move cars? When was the last time GM didn't use fleet sales to pad it's overall numbers?
Toyota is a profitable and viable company that is a good bet to repay the loan. Who here would honestly believe GM can pay back what they are getting given their history?
When was the last time GM was profitable? When was the last time GM increased their US marketshare? When was the last time GM ranked at the top of ratings like Consumer Reports? When was the last time GM had a reputation for quality products? When was the last time GM didn't have to resort to huge rebates, 0% sales and other tactics to move cars? When was the last time GM didn't use fleet sales to pad it's overall numbers?
Toyota is a profitable and viable company that is a good bet to repay the loan. Who here would honestly believe GM can pay back what they are getting given their history?
http://www.consumerreports.org/cro/c...p-picks-ov.htm
http://www.autoblog.com/2008/05/19/g...f-fleet-sales/
I would dig up JD Powers scores for specific GM models that have done well over the last 10 years, but you see where this is going!
If I make a statement here or anywhere for that matter I am either speaking from personal experience in the industry or I have done my research. If I do make a mistake, I admit it and move forward.
Last edited by TT632; 03-18-2009 at 01:22 AM.