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Cars, Candidates, Loans, and Bailouts

Discussion in 'Electric Vehicles' started by vfx, Aug 25, 2008.

  1. vfx

    vfx Well-Known Member

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    #1 vfx, Aug 25, 2008
    Last edited: Aug 25, 2008
  2. TEG

    TEG TMC Moderator

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    #2 TEG, Aug 25, 2008
    Last edited: Aug 25, 2008
    The last part of that article was "Cheap Loans for Struggling Carmakers".

    Here is a related story:
    The Big 3 DO Need Federal Help

    Save the dinosaurs, or really time for major change?
     
  3. Finkenbusch

    Finkenbusch Member

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    #4 Finkenbusch, Sep 7, 2008
    Last edited: Sep 7, 2008
    Its stunning that in a capitalistic society a honorable private company has the guts to ask hat in hand for a government bailout - not thinking of approaching a presidential candidate for getting it.

    When private entities shuffle profits, the cream is usually taken via financial safe havens into very private share holder pockets - (shareholders happiness are the primary goals of companies and the basic reason there around in first place - customers are satisfied or ****ed - it doesn't really matter)

    Its ok for me, I have to accept that, living happily in a capitalistic society myself - Thats how the game works...

    ...but when private entities fail they have to go the way of the Edsel - only got in Brezniew USSR a financial injection for state owned property / industry - only in commie countries like Cuba thats was the way to go.

    Intervention with helpless taxpayers money is just delaying the inevitable. Its total foolishness to throw more money at a bunch of companies which were mismanaged to the point of extinction.

    Plus, let’s not forget the taxpayer money already wasted by the Clinton Administration - handed over to the then big 3 to develop so-called Super Cars with 80 mpg (hybrids).

    Funny - to which socioeconomic status the USA system tanked...
     
  4. bill

    bill Member

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    50B Loan

    <<<<<Finkenbusch... Its stunning that in a capitalistic society a honorable private company has the guts to ask hat in hand for a government bailout - not thinking of approaching a presidential candidate for getting it.>>>>>>>>>>>>>>>>


    It seems that the real question is: Should we give the auto industry a 50B loan? Frankly, I'm opposed, but don't know enough about the auto industry to know if it would be advisable.

    We can argue that in the next 20 years the industry will go through a massive change as people switch to EV's. With EV's using less than 20 moving parts and requiring minimal maintenance, the auto and support industries have to drastically shrink in size. It will be cheaper for the consumer, but we are going to have a lot of jobs lost.

    Looking at it from that viewpoint, is the loan advisable?
     
  5. vfx

    vfx Well-Known Member

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  6. TEG

    TEG TMC Moderator

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    #7 TEG, Sep 12, 2008
    Last edited: Sep 24, 2008
  7. vfx

    vfx Well-Known Member

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    Good on you TEG

    Moderators, feel free to combine...
     
  8. TEG

    TEG TMC Moderator

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  9. GSP

    GSP Member

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    Finkenbusch said:

    "Plus, let’s not forget the taxpayer money already wasted by the Clinton Administration - handed over to the then big 3 to develop so-called Super Cars with 80 mpg (hybrids)."

    Well, one good thing came out of the PNGV project: The Toyota Prius, which was Toyota's response to the threat of the US-only PNGV research.

    Too bad the US automakers didn't see the value of improved fuel economy.

    GSP
     
  10. doug

    doug Administrator / Head Moderator

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  11. DaveD

    DaveD EVs Kick Gas!

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    The small company, AFS, does not impress me. Another undercapitalized company with a hybrid technology they're trying to get funded. I think it may use super capacitors, but nothing really new. Their "headquarters" is in Medina, WA. If you know this area, you'll know that Medina is almost all very-very-upscale residential. Bill Gates' house is in Medina. I'd be surprised if there are any office buildings in Medina. More likely it's the AFS founder's house - apparently a guy with enough money to take out newspaper ads, but not enough to get anything going.
     
  12. doug

    doug Administrator / Head Moderator

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    They don't impress me either. The interesting part of the story was here:
    Does anyone have an image of the ad?
     
  13. TEG

    TEG TMC Moderator

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  14. doug

    doug Administrator / Head Moderator

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  15. TEG

    TEG TMC Moderator

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  16. vfx

    vfx Well-Known Member

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    The New York times compares the plans of both Presidential candidates:
    The Candidates’ Clean Car Plans - Wheels Blog - NYTimes.com

    I like this one
     
  17. vfx

    vfx Well-Known Member

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    #20 vfx, Oct 31, 2008
    Last edited: Oct 31, 2008
    oops
     

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