Posts Tagged ‘auto makers’
Growing up in the suburbs of the Motor City, I have been embedded with a few simple rules. 1.Always cheer for the Red Wings! 2. Never go to Detroit at night and 3. Drive American. In the past, these rules have been pretty easy to follow. The Wings just won the cup, so how could I not cheer for them. I can’t navigate my to Detroit in the daytime so I’ll never make it at night and I can’t afford a new car so I’ll have to stick with my Ford. In the future, these rules might be a little harder to follow since the big three are in deep trouble. Most of Metro Detroit’s work force are employed by the Big Three so naturally, the numerous layoffs and buyouts have been a huge subject of local concern.
Michigan’s economy rides with the auto industry. Through hills and valleys, Michigan succeeds or suffers along with the Big Three. Since the auto industry, especially the Big Three, hasn’t been doing well, Michigan as taken a direct hit. The economy has taken a turn for the worst causing a shortage in jobs and a meltdown in the housing market. Its not hard for me to see the effect this has on my friends and family. Every time an auto maker announces another round of cuts, grim faces start to pop up all around the place. Its painful to watch the once proud community fade along with the car makers.
Although a government bailout would prevent the automakers from going into bankruptcy now, it would only delay the inevitable. The government should provide more funds and resources to allow for the Big Three to further develop hybrids and alternative fuel vehicles. Some might argue that a government bailout is unfair in a consumer driven market, but this is not the case. Having more auto makers only puts more pressure on the other to effectively research and produce alternative fuel vehicles. The overall result would be a vast amount of non-gasoline dependant vehicles manufactured at a cheaper price that would be more affordable for the average consumer.
Consumers will eventually see more options of lower priced hybrid vehicles if the government enacts assistance for the Big Three. Communities and families that are built and depend on the domestic automakers will also benefit greatly. Although a government bailout is not the most fair of things to do, it would restore a once joyful community in a small town called Canton.
thanks
Technorati Tags: alternative fuel vehicles, auto industry, auto maker, auto makers, automakers, bailout, buyouts, car makers, deep trouble, direct hit, driven market, gasoline, hills and valleys, housing market, hybrids, layoffs, meltdown, metro detroit, proud community, red wings
Posted February 2nd, 2012 in Bankruptcy Alternatives. Tagged: alternative fuel vehicles, auto industry, auto maker, auto makers, automakers, bailout, buyouts, car makers, deep trouble, direct hit, driven market, gasoline, hills and valleys, housing market, hybrids, layoffs, meltdown, metro detroit, proud community, red wings.
I just was watching news ticker on bloomberg channel and it says ”that oil is expected to rally/go up to or higher before mid-summer because of demand rebounding.What is all of this nonsense when we are in a global recession,people losing their jobs left and right,’’supposed to be conserving energy”,’’supposed to switch on to alternative energy & off-shore oil drilling”(what pres.obama promised in his campaign),auto makers possible bankruptcies and more possible lay-offs,people ‘’supposed to have been driving less”,and supposed to be buying small compact fuel efficient hybrid type vehicles.Were you’ll serious about carrying out these stuff or were these just empty threaths that played right into opec trap?
Will it be like 2007/2008 and wait until crude oil get back to over 5 a barrel then make more false threaths to OPEC with absolutely little to no action to back it up?
Technorati Tags: alternative energy, amp, auto makers, bankruptcies, compact fuel, conserving energy, crude oil, global recession, hybrid type, jobs, lay offs, news ticker, nonsense, oil drilling, opec, shore oil, type vehicles
Posted January 12th, 2010 in Bankruptcy Alternatives. Tagged: alternative energy, amp, auto makers, bankruptcies, compact fuel, conserving energy, crude oil, global recession, hybrid type, jobs, lay offs, news ticker, nonsense, oil drilling, opec, shore oil, type vehicles.
What happens to my lease!? I really want to support the American auto makers, but Im a little scared of what the future would hold… would I be effected?
Technorati Tags: american auto, auto makers
Posted December 26th, 2009 in How To Go Bankrupt. Tagged: american auto, auto makers.
This may just be ignorance however I do not understand it. I just read a question by a top contributor of these questions complaining that he doesn’t understand why the government won’t provide funds for auto companies in order to bail them out of their possible bankruptcy. The thought of providing these businesses with tax dollars from the American public is insane. In my opinion the auto companies have no one to blame but their own greed and the way they decided to go with their business, the government would not bail out a business that the average American built and used every dime of their personal money to invest into the business, while CEO’s of the auto companies STILL are taking in millions of dollars a year and expecting the government (moreover the American people) to basically paying their salaries, when it was the direction they took in their company to blame for the problem they are in now. With exponential growth especially in business comes exponential decline and they should have taken precautions to prevent this from happening. Aside from their bad business decisions these are the same businesses that closed down factories in the United States, which were employing thousands of American workers, to move to China were labor was cheaper. This brought upon record unemployment rates in Detroit. Who in turn need government assistance to be able to provide for their families because they were screwed over by their employer. I understand that their are people who are a drain on society and are wrongfully collecting welfare but aside from those individuals Welfare helps out people WHO HAVE NOTHING and are asking for the governments help to keep a roof over their head. Another point that needs to be addressed in Auto Makers is the money that they received from big oil to not research alternative fuels, even though the impending Global Warming was a huge issue. Which means in a sense they may have screwed over the Human Race by destroying our planet. I don’t know I may just be venting but isn’t it the ethical for these CEO’s to take a money cut for the benefit of their company instead of asking for the governments help, providing that they never seemed to really truly care of the American public?
Roads???? read this if you think that our tax dollars even go to roads first off……
http://www.americanchronicle.com/articles/11028
Second off the whole idea is the current CEO’s of the business still raking in millions from their business, which is failing and asking for government help what happened to darwin and survival of the fittest, does it not pertain to business?
Technorati Tags: alternative fuels, auto companies, auto makers, bad business decisions, bankruptcy, ceo, collecting welfare, decline, exponential growth, factories, global warming, government assistance, governments, greed, personal money, salaries, tax dollars, top contributor, unemployment rates, vent
Posted December 23rd, 2009 in Bankruptcy Alternatives. Tagged: alternative fuels, auto companies, auto makers, bad business decisions, bankruptcy, ceo, collecting welfare, decline, exponential growth, factories, global warming, government assistance, governments, greed, personal money, salaries, tax dollars, top contributor, unemployment rates, vent.
Most of Congress has decided that bailing them out is not worthwhile because it won’t work anyway and they’ll just need more money in a matter of months. I agree with this. Some in Congress point out that a car company cannot survive in bankruptcy because need for parts and service are on-going and who the heck is going to buy a car from a bankrupt company (unless the car is sold well undervalue)? I think that’s also correct. So here’s what I think is the only real solution: All 3 should merge and form one company which, of course, will mean lay-offs, but not nearly as bad as the alternative. This single company would still be competing against foreign auto makers, so there are no worries about a monopoly.
Does anyone else agree with me? If not, what do you see as the alternative? Remember — letting these companies go out of business means 2 – 3 million workers losing their jobs.
Please offer the alternative to what I’m suggesting and why yours is a good idea.
Dewey, I agree, but in the meantime these 3 auto makers are on the verge of going out of business. The CEOs of GM and Ford told Congress their companies would be out of business within a year unless they received a bail-out — which they didn’t receive. Don’t even get me started about their corporate jets — what a disgrace!
Technorati Tags: auto makers, bankrupt company, bankruptcy, car company, ceos, congress, corporate jets, dewey, disgrace, ford, foreign auto, gm, going out of business, heck, lay offs, monopoly, no worries, real solution, single company, verge
Posted November 21st, 2009 in Bankruptcy Alternatives. Tagged: auto makers, bankrupt company, bankruptcy, car company, ceos, congress, corporate jets, dewey, disgrace, ford, foreign auto, gm, going out of business, heck, lay offs, monopoly, no worries, real solution, single company, verge.
Growing up in the suburbs of the Motor City, I have been embedded with a few simple rules. 1.Always cheer for the Red Wings! 2. Never go to Detroit at night and 3. Drive American. In the past, these rules have been pretty easy to follow. The Wings just won the cup, so how could I not cheer for them. I can’t navigate my to Detroit in the daytime so I’ll never make it at night and I can’t afford a new car so I’ll have to stick with my Ford. In the future, these rules might be a little harder to follow since the big three are in deep trouble. Most of Metro Detroit’s work force are employed by the Big Three so naturally, the numerous layoffs and buyouts have been a huge subject of local concern.
Michigan’s economy rides with the auto industry. Through hills and valleys, Michigan succeeds or suffers along with the Big Three. Since the auto industry, especially the Big Three, hasn’t been doing well, Michigan as taken a direct hit. The economy has taken a turn for the worst causing a shortage in jobs and a meltdown in the housing market. Its not hard for me to see the effect this has on my friends and family. Every time an auto maker announces another round of cuts, grim faces start to pop up all around the place. Its painful to watch the once proud community fade along with the car makers.
Although a government bailout would prevent the automakers from going into bankruptcy now, it would only delay the inevitable. The government should provide more funds and resources to allow for the Big Three to further develop hybrids and alternative fuel vehicles. Some might argue that a government bailout is unfair in a consumer driven market, but this is not the case. Having more auto makers only puts more pressure on the other to effectively research and produce alternative fuel vehicles. The overall result would be a vast amount of non-gasoline dependant vehicles manufactured at a cheaper price that would be more affordable for the average consumer.
Consumers will eventually see more options of lower priced hybrid vehicles if the government enacts assistance for the Big Three. Communities and families that are built and depend on the domestic automakers will also benefit greatly. Although a government bailout is not the most fair of things to do, it would restore a once joyful community in a small town called Canton.
thanks
Technorati Tags: alternative fuel vehicles, auto industry, auto maker, auto makers, automakers, bailout, buyouts, car makers, deep trouble, direct hit, driven market, gasoline, hills and valleys, housing market, hybrids, layoffs, meltdown, metro detroit, proud community, red wings
Posted November 10th, 2009 in Bankruptcy Alternatives. Tagged: alternative fuel vehicles, auto industry, auto maker, auto makers, automakers, bailout, buyouts, car makers, deep trouble, direct hit, driven market, gasoline, hills and valleys, housing market, hybrids, layoffs, meltdown, metro detroit, proud community, red wings.
Can you help with the grammar mistakes in this essay please?
Growing up in the suburbs of the Motor City, I have been embedded with a few simple rules. 1.Always cheer for the Red Wings! 2. Never go to Detroit at night and 3. Drive American. In the past, these rules have been pretty easy to follow. The Wings just won the cup, so how could I not cheer for them. I can’t navigate my to Detroit in the daytime so I’ll never make it at night and I can’t afford a new car so I’ll have to stick with my Ford. In the future, these rules might be a little harder to follow since the big three are in deep trouble. Most of Metro Detroit’s work force are employed by the Big Three so naturally, the numerous layoffs and buyouts have been a huge subject of local concern.
Michigan’s economy rides with the auto industry. Through hills and valleys, Michigan succeeds or suffers along with the Big Three. Since the auto industry, especially the Big Three, hasn’t been doing well, Michigan as taken a direct hit. The economy has taken a turn for the worst causing a shortage in jobs and a meltdown in the housing market. Its not hard for me to see the effect this has on my friends and family. Every time an auto maker announces another round of cuts, grim faces start to pop up all around the place. Its painful to watch the once proud community fade along with the car makers.
Although a government bailout would prevent the automakers from going into bankruptcy now, it would only delay the inevitable. The government should provide more funds and resources to allow for the Big Three to further develop hybrids and alternative fuel vehicles. Some might argue that a government bailout is unfair in a consumer driven market, but this is not the case. Having more auto makers only puts more pressure on the other to effectively research and produce alternative fuel vehicles. The overall result would be a vast amount of non-gasoline dependant vehicles manufactured at a cheaper price that would be more affordable for the average consumer.
Consumers will eventually see more options of lower priced hybrid vehicles if the government enacts assistance for the Big Three. Communities and families that are built and depend on the domestic automakers will also benefit greatly. Although a government bailout is not the most fair of things to do, it would restore a once joyful community in a small town called Canton.
thanks
Technorati Tags: alternative fuel vehicles, auto industry, auto maker, auto makers, automakers, bailout, buyouts, car makers, deep trouble, direct hit, driven market, grammar mistakes, hills and valleys, housing market, hybrids, layoffs, meltdown, metro detroit, proud community, red wings
Posted October 5th, 2009 in Bankruptcy Alternatives. Tagged: alternative fuel vehicles, auto industry, auto maker, auto makers, automakers, bailout, buyouts, car makers, deep trouble, direct hit, driven market, grammar mistakes, hills and valleys, housing market, hybrids, layoffs, meltdown, metro detroit, proud community, red wings.