Government Motors
- Thread starter moreluck
- Start date
Babagounj
Strength through joy
http://www.autoweek.com/article/20090330/CARNEWS/903309977
By: Neil Roland And Richard Truett, Automotive News on 3/30/2009
In a bid to boost flagging auto sales, the federal government will pay for any warranty repairs on a General Motors or Chrysler vehicle if either company can't because of financial problems or a bankruptcy filing, President Barack Obama said on Monday.
"Let me say this as plainly as I can.
If you buy a car from Chrysler or General Motors, you will be able to get your car serviced and repaired just like always," Obama said in a speech. "Your warranty will be safe.
In fact, it will be safer than it has ever been. Because starting today, the United States will stand behind your warranty."
By: Neil Roland And Richard Truett, Automotive News on 3/30/2009
In a bid to boost flagging auto sales, the federal government will pay for any warranty repairs on a General Motors or Chrysler vehicle if either company can't because of financial problems or a bankruptcy filing, President Barack Obama said on Monday.
"Let me say this as plainly as I can.
If you buy a car from Chrysler or General Motors, you will be able to get your car serviced and repaired just like always," Obama said in a speech. "Your warranty will be safe.
In fact, it will be safer than it has ever been. Because starting today, the United States will stand behind your warranty."
Lue C Fur
Evil member
Good find Baba, i thought i remember the Messiah saying that. So i guess the lawsuit should not need to be filed and the cars should be fixed...us taxpayers will pay to fix them. Maybe the owners should drive the cars to the whitehouse and leave them on the Messiah lawn. Again, the govt will bail out GM or i should say we will.
Babagounj
Strength through joy
No Spark: The Unanswered Questions of the Chevy Volt
While Obama continues to tout his — meaning our — investment in GM others are not so sanguine. For instance, billionaire Warren Buffet has invested in a Chinese electric car company instead of putting his considerable investment acumen to use with the Chevy Volt. Buffet may be a people on taxes, but apparently his investing senses haven’t gotten any spark from the Volt.
One of the reasons that Buffet went for the Chinese company is that some of its technology seems superior to various systems of the Chevy Volt. According to Forbes, Buffet has targeted the company because the, “car can travel 186 miles, more than the Nissan Leaf and Chevy Volt, on a single charge with a top speed of 87 miles per hour.”
Naturally, sales of the Chevy Volt are dismal and have been for quite some time. Sadly, some reviewers are saying that the Volt is overly flashy and techy and isn’t a good value for the money, so no help for GMs sales record there.
Even lefty profs at Berkeley could see that the Volt was a horrible investment. Berkeley physicist Leon J. Schipper, for one, was not enamored of the Volt.
While Obama continues to tout his — meaning our — investment in GM others are not so sanguine. For instance, billionaire Warren Buffet has invested in a Chinese electric car company instead of putting his considerable investment acumen to use with the Chevy Volt. Buffet may be a people on taxes, but apparently his investing senses haven’t gotten any spark from the Volt.
One of the reasons that Buffet went for the Chinese company is that some of its technology seems superior to various systems of the Chevy Volt. According to Forbes, Buffet has targeted the company because the, “car can travel 186 miles, more than the Nissan Leaf and Chevy Volt, on a single charge with a top speed of 87 miles per hour.”
Naturally, sales of the Chevy Volt are dismal and have been for quite some time. Sadly, some reviewers are saying that the Volt is overly flashy and techy and isn’t a good value for the money, so no help for GMs sales record there.
Even lefty profs at Berkeley could see that the Volt was a horrible investment. Berkeley physicist Leon J. Schipper, for one, was not enamored of the Volt.
Analyzing the Chevy Volt, the new sedan that is supposed to go 40 miles on batteries and then use a gasoline engine, he calculated that because of inefficiencies in electricity generation, its fuel economy was no better than a Toyota Prius hybrid running on gasoline, while its price was roughly double that of the Prius.
“Does the extra $20,000 justify the overall fuel and possible carbon dioxide savings?” he asked. “If two drivers switched to Prius, the overall savings of oil likely would be larger than one driver switching to a Volt, for the same money.”
“Does the extra $20,000 justify the overall fuel and possible carbon dioxide savings?” he asked. “If two drivers switched to Prius, the overall savings of oil likely would be larger than one driver switching to a Volt, for the same money.”
moreluck
golden ticket member
Let's see, Evos or Volt.....just can't decide !!!! 
http://www.foxnews.com/leisure/2011/08/31/new-face-ford-revealed/?test=faces
http://www.foxnews.com/leisure/2011/08/31/new-face-ford-revealed/?test=faces
Babagounj
Strength through joy
This week, President Obama nominated Princeton economist Alan Krueger to replace Austan Goolsbee as his chairman of the president’s Council of Economic Advisers. Prior to this nomination, Krueger’s chief public policy claim to fame was the Obama administration’s “Cash for Clunkers.”
Cash for Clunkers was the certifiably psychotic program by which the government wasted $billions and drove up the price of used cars and parts by paying people to turn over older vehicles and buy new ones immediately instead of a little later. This would supposedly stimulate the economy.
The plan was to destroy the cars bought with our money lest they oppress the Earth with their emissions. Usually destruction is the one thing the federal government is good at. However, it bought so many cars that they started piling up.
So the Obama administration rented out Bush Stadium and filled it up with cars. Hundreds of objects, all containing parts that can be used in cars still on the road, recycled, sold, etc, just sit there rotting away.
Maybe they should rename it Obamanomics Stadium.
On a tip from Air2air.
wkmac
Well-Known Member
Lue C Fur
Evil member
Babagounj
Strength through joy
I drive Toyota, 16 yrs for the tacoma 4x4, it needs some serious work but still runs great.( I only drive it locally about 800 last year ). And a Highlander bought certified used ( a 2002) making it almost 10 years and used daily, I can't recall it ever having to be it the shop except for regular scheduled service.
My family grew up on Chevys ( father had a friend who owned a dealership and after he died we switched to Ford ), always a Pinto, I think we bought 9 of those things. I had the last one bought used and it was the one with the exploding gas tank problem. Last Ford was the Escape ( 1981) which had a bad engine design , not until a year after I sold it as scrap metal , was I notified that they were recalling them to replace the engine.
One nice tale about our first Pinto, as we we about to leave the dealership in it, I tried to pull out the passenger side bottom vent to cool the car, it was a hot sunny summer day, and I couldn't get it to work. Seems the factory never cut out the body panel hole.
My family grew up on Chevys ( father had a friend who owned a dealership and after he died we switched to Ford ), always a Pinto, I think we bought 9 of those things. I had the last one bought used and it was the one with the exploding gas tank problem. Last Ford was the Escape ( 1981) which had a bad engine design , not until a year after I sold it as scrap metal , was I notified that they were recalling them to replace the engine.
One nice tale about our first Pinto, as we we about to leave the dealership in it, I tried to pull out the passenger side bottom vent to cool the car, it was a hot sunny summer day, and I couldn't get it to work. Seems the factory never cut out the body panel hole.
Babagounj
Strength through joy
CARACAS - Venezuelan President Hugo Chavez is making a new drive to put his socialist revolution on wheels.
The fiery critic of capitalism is promoting a government-led joint venture with a Chinese automaker that he says will offer cheaper cars to Venezuelans and promote socialist principles on the factory floor.
“This is the revolution advancing,” Chavez said. “These quality, good-looking and cheap cars are coming to Venezuela. Only under socialism is this possible.”
The project with China’s Chery Automobile plans to produce two compact models in Venezuela, a car-crazed country where prices can be three times as high as those for similar models in the United States or Europe.
“We are going to sell these cars at half — half — the price of the capitalist market,” Science, Technology and Industry Minister Ricardo Menendez told state television.
A government statement about the joint venture touts the cars’ “solidarity” prices.
“This is the result of revolutionary policies designed to improve people’s quality of life and combat speculation by multinational companies,” it read.
The smaller of the two cars, a two- or four-door hatchback, is expected to carry a price tag of nearly $20,000. A larger, sedan-style car will cost around $28,000.
The fiery critic of capitalism is promoting a government-led joint venture with a Chinese automaker that he says will offer cheaper cars to Venezuelans and promote socialist principles on the factory floor.
“This is the revolution advancing,” Chavez said. “These quality, good-looking and cheap cars are coming to Venezuela. Only under socialism is this possible.”
The project with China’s Chery Automobile plans to produce two compact models in Venezuela, a car-crazed country where prices can be three times as high as those for similar models in the United States or Europe.
“We are going to sell these cars at half — half — the price of the capitalist market,” Science, Technology and Industry Minister Ricardo Menendez told state television.
A government statement about the joint venture touts the cars’ “solidarity” prices.
“This is the result of revolutionary policies designed to improve people’s quality of life and combat speculation by multinational companies,” it read.
The smaller of the two cars, a two- or four-door hatchback, is expected to carry a price tag of nearly $20,000. A larger, sedan-style car will cost around $28,000.
moreluck
golden ticket member
What, the Chrysler group wasn't able to make something this ugly right here in the US?
http://www.foxnews.com/leisure/2011/09/09/ram-bringing-funky-fiat-doblo-van-to-us/
http://www.foxnews.com/leisure/2011/09/09/ram-bringing-funky-fiat-doblo-van-to-us/
TOo bad it isnt true. FORD was BAILEDOUT just as GM and CHRYSLER. The difference was simple. FORD was able to put its assets against LOANS from private banks and received billions in loans to restructure the company. GM and Chrysler were unable to secure private funding and needed goverment help.
A BAILOUT is a BAILOUT. Whether from the US TREASURY AT A HIGH RATE OF INTEREST or from a PRIVATE BANK with a lower rate of interest.
They were all three BAILEDOUT.
This ford customer clearly does not know this, and this makes the ad misleading.
Peace.
A BAILOUT is a BAILOUT. Whether from the US TREASURY AT A HIGH RATE OF INTEREST or from a PRIVATE BANK with a lower rate of interest.
They were all three BAILEDOUT.
This ford customer clearly does not know this, and this makes the ad misleading.
Peace.
Lue C Fur
Evil member
Put down your crack pipe and and stop drinking your Kool-aid Too One Sided., your twisting of the facts is silly. Ford saw the storm on the horizion and did the right thing financially WITHOUT the govts help. Your friends at GM and Chrapler got loans from the govt with costs to the taxpayer. There is no grey area and your lies and twisting cant change that. You really sound silly.
Babagounj
Strength through joy
Not only that by using private financing , Ford avoids all the fine print included into the gov't bailouts.
Their CEO wasn't sacked , they don't have to have wait until their stock prices rise in order for the US Treasury to be repaid.
Even UPS, which is known for always paying with cash for large purchases, has outstanding bonds .
Babagounj
Strength through joy
]GM, UAW agree on profit-sharing in new contract
Signing bonuses, profit-sharing among perks in new GM contract agreement with the UAW[/h]DETROIT (AP) -- The United Auto Workers union won $5,000 signing bonuses and the possibility of sweeter profit-sharing checks as part of a new four-year contract with General Motors Co., two people briefed on the talks said Saturday.
The deal, which was reached late Friday, also includes a $2- to $3-per-hour pay raise for entry-level workers over the life of the contract and guarantees more union jobs, the people said.
Workers have to approve the deal before it can take effect. A vote is expected within 10 days.
In addition to the bonuses, workers could get profit-sharing checks that exceed the $4,000 that workers earned last year.
The deal also will include creative ways to cut GM's hourly labor costs. GM pays around $56 per hour including wages and benefits.
Also, a former Saturn assembly plant in Spring Hill, Tenn., will be reopened under the deal, the people said, and new products have been promised to plants in Romulus, Mich.; Warren, Mich.; and Wentzville, Mo. A plant in Janesville, Wis., which stopped producing trucks in 2009, will remain idled but won't close.
It ensures that GM's overall labor costs will fall over the lifetime of the contract, since new hires will be making significantly lower wages than most current workers. But current workers will get economic gains in the form of profit-sharing checks and bonuses
Signing bonuses, profit-sharing among perks in new GM contract agreement with the UAW[/h]DETROIT (AP) -- The United Auto Workers union won $5,000 signing bonuses and the possibility of sweeter profit-sharing checks as part of a new four-year contract with General Motors Co., two people briefed on the talks said Saturday.
The deal, which was reached late Friday, also includes a $2- to $3-per-hour pay raise for entry-level workers over the life of the contract and guarantees more union jobs, the people said.
Workers have to approve the deal before it can take effect. A vote is expected within 10 days.
In addition to the bonuses, workers could get profit-sharing checks that exceed the $4,000 that workers earned last year.
The deal also will include creative ways to cut GM's hourly labor costs. GM pays around $56 per hour including wages and benefits.
Also, a former Saturn assembly plant in Spring Hill, Tenn., will be reopened under the deal, the people said, and new products have been promised to plants in Romulus, Mich.; Warren, Mich.; and Wentzville, Mo. A plant in Janesville, Wis., which stopped producing trucks in 2009, will remain idled but won't close.
It ensures that GM's overall labor costs will fall over the lifetime of the contract, since new hires will be making significantly lower wages than most current workers. But current workers will get economic gains in the form of profit-sharing checks and bonuses
UpstateNYUPSer(Ret)
Well-Known Member
I wonder if UPS will follow this business model when they introduce the two-tiered wage system in 2013.
brett636
Well-Known Member
So what your saying is when someone borrows from a private financial institution they are getting "bailed out"? If I buy a new car on a loan I am getting "bailed out" by the bank offering the loan? If someone buys a house with a mortgage they are getting "bailed out" as well? Your logic is flawed here just like your marxist ideology.
When a private institution loans money for whatever reason they doing so on the risk that they will not be paid back. That risk is figured into the interest rates the bank charges on the money it loans. When the risk is so great that the bank expects not to be paid back they will simply not loan the money. Try financing a motorcycle with a vehicle repossession on your credit report. Chances are it won't happen. The bottom line here is that the bank, or in this case investors, expected Ford to turn around and repay them as they did. Those same investors did not have the same sentiment toward GM or Chrysler and refused to put their money at such a high risk. Those investors made a sound business decision to not invest in GM or Chrysler as the government has already lost billions in those bailouts to both companies.
