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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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    While I thought Obama's plan on paper seemed better for Electric Vehicles, Mc Cain's photo ops and speechifying were more Electric car forward.

    Hope it all works out!
     
  2. graham

    graham Active Member

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    Why GM Should File For Bankruptcy - NAM
     
  3. TEG

    TEG TMC Moderator

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    Ugh. They used the 'F' word.
     
  4. doug

    doug Administrator / Head Moderator

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  5. doug

    doug Administrator / Head Moderator

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    #26 doug, Nov 14, 2008
    Last edited: Nov 14, 2008
    Clean-tech industry drawing up wish list for Obama administration - San Jose Mercury News

    [​IMG]
     
  6. Kevin Harney

    Kevin Harney Active Member

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    Let the dinosaurs become extinct !!!! :biggrin:
     
  7. stopcrazypp

    stopcrazypp Well-Known Member

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  8. dpeilow

    dpeilow Moderator

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  9. Bradleybang

    Bradleybang Member

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    #33 Bradleybang, Nov 18, 2008
    Last edited: Nov 19, 2008
    I watched the Senate hearing today.

    I was amazed by Gettelfinger's (President of UAW) arrogance. He basically said "we did our negotiations last year. We made concessions and now these guys (Big3) need your money to pay us."

    Please read this article from 2007
    UAW contract: All the details | Freep.com | Detroit Free Press


    My favorite parts:
    "The UAW said GM will pay $29.9 billion in cash and other assets into the trust, which Gettelfinger assured his members, will remain solvent for 80 years, regardless of GM's financial condition."

    "The Center for Automotive Research estimates that the Detroit automakers spend an average of $63.65 an hour on hourly production, not counting its buyout and jobs bank costs, while Toyota spends an average of $47.50."

    So the "Average" Big3 worker makes $63 X 40 hours X 52 weeks = $131k plus full health care with no co pay + retirement benefits + guarantee of no layoffs without compensation.

    With all extra employee cost (health care /retirement / training/ layoff funding / and who knows what else) the big3 gotta be running north of $150k per annual worker.

    So even if the big3 get the $25B+ they will never be competitive.
    It has and will continue to show up in the products. If the cost to mfg is 20% more than your competition then you must skimp on product r&d and materials in order to hope to be close in price.

    The consumer has seen this operation for the last 30 years and has made a choice.

    If congress wants to "give away" money they should cut out the middle man. Make check payable to: UAW

    I Hope they are not given the money and are forced into some negotiated reorganization.

    If any of them go to bankruptcy court, then the Feds can step in and seize all warranty funds. Then Feds could guaranty all U.S. consumers that their warranty's are valid and backed by U.S.A. and will be for years to come.
     
  10. dpeilow

    dpeilow Moderator

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    #36 dpeilow, Nov 19, 2008
    Last edited: Nov 19, 2008
    Cool Response to Auto Bailout, As CEO's Fly Private Jets to DC | NBC Bay Area

    Interesting view in the comments, EVEN IF THEIR CAPS LOCK KEY IS STUCK:

     
  11. TEG

    TEG TMC Moderator

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    I wonder how long it would take for little Tesla to grow to have the capabilities of a major car manufacturer given enough operating cash? GM has something like 1000x more employees than Tesla right now.
     

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