Bailout of the Big 3

[CGM]

If GM responds too slowly adding in government bureaucrats isn't going to help.


No business is too big to fail, this might sting but it's been a long time coming and we need to take our medicine and that way we'll come back bigger, better, and stronger with new products and new ideas. But I suppose that's just too much to ask. Bakruptcy would be cheaper and have a better effect than government interference

Government assistance in the form of loan guarantees worked for Chrysler back in the day, I thought Lee Iaccoca did a great job in improving Chrysler's business model. In that case I think we can say that gov't assistance was a good thing. No reason why that sort of thing can't happen again.

You're right about beaurocracy though, that we don't need. But there should be a way of doing it right. Anyways, we shall see.

[Trainer Monkey]

If GM responds too slowly adding in government bureaucrats isn't going to help.


No business is too big to fail, this might sting but it's been a long time coming and we need to take our medicine and that way we'll come back bigger, better, and stronger with new products and new ideas. But I suppose that's just too much to ask. Bakruptcy would be cheaper and have a better effect than government interference

Government assistance in the form of loan guarantees worked for Chrysler back in the day, I thought Lee Iaccoca did a great job in improving Chrysler's business model. In that case I think we can say that gov't assistance was a good thing. No reason why that sort of thing can't happen again.

You're right about beaurocracy though, that we don't need. But there should be a way of doing it right. Anyways, we shall see.

Youve never worked on a Horizon or a K-car,sorry thats only half a joke,my now wife owned one of each,and I hated repairing either one of them,they were freaking nightmares to work on.

[El Kabong]

Good ol' K-Car hahaha. In the mid to late 1970's for some reason the American car industry took a major turn for the worse....quality was crap, the cars were ugly and they just thought "We've got a monopoly, nothing will ever go wrong".....surprise

[Trainer Monkey]

Good ol' K-Car hahaha. In the mid to late 1970's for some reason the American car industry took a major turn for the worse....quality was crap, the cars were ugly and they just thought "We've got a monopoly, nothing will ever go wrong".....surprise

More or less what happened this time,when gas was $1.42 a gallon everybody wanted an SUV that wasnt even really an SUV like a Tahoe,when gas hit $4.00 a gallon suddenly they didnt seem as popular,and Detroit didnt have a plan b kicking around,Japan did. Just like in the 70's

[CGM]

Good ol' K-Car hahaha. In the mid to late 1970's for some reason the American car industry took a major turn for the worse....quality was crap, the cars were ugly and they just thought "We've got a monopoly, nothing will ever go wrong".....surprise

Ok well if that's true then the consumer a big fact sucker, don't it? Fact is, the Kcar provided value for the money, and Chrysler came back quite nicely.

Your mid to late 70s remark tells me the big three did not adapt well to changing market conditions (The Energy Crisis) it took them a while to get a handle on both quality and fuel effficency in the same car. Including Chrysler. Iaccoca ran the show from 78-92. (late '70s onwards) The kcar was Iaccoca's idea.

[Trainer Monkey]

Good ol' K-Car hahaha. In the mid to late 1970's for some reason the American car industry took a major turn for the worse....quality was crap, the cars were ugly and they just thought "We've got a monopoly, nothing will ever go wrong".....surprise

Ok well if that's true then the consumer a big fact sucker, don't it? Fact is, the Kcar provided value for the money, and Chrysler came back quite nicely.

Your mid to late 70s remark tells me the big three did not adapt well to changing market conditions (The Energy Crisis) it took them a while to get a handle on both quality and fuel effficency in the same car. Including Chrysler. Iaccoca ran the show from 78-92. (late '70s onwards) The kcar was Iaccoca's idea.

Actually the K-Car was absolute garbage,the transaxle on any of those Mopars sucked,the back end exhaust sytem tended to litterally explode in a shower of plastic,the whole car was crap warmed over,I dont know if Ioccoca would want that as his crowning achievment

[El Kabong]

So CGM you're saying we're going to give a ton of money to the car companies so we can get more K Cars....wonderful

[Trainer Monkey]

So CGM you're saying we're going to give a ton of money to the car companies so we can get more K Cars....wonderful

Hate to beak this to you CGM,Lyle and I are going to agree about K-cars,somebody should have opened fire on them as they rolled off the production line,saving many future car owners the desire to open fire on them later.

[CGM]

So CGM you're saying we're going to give a ton of money to the car companies so we can get more K Cars....wonderful

That's the problem with you people, to argue a case, you take someone's point and push it to an absurd extreme in attempt to make your own point.

TM and Lyle, Say what you want about the Kcar, maybe they weren't perfect, but they sold very well for most of the 80s, and took Chrysler away from bankruptcy and into profitability. The Reliant K was Motor Trend's car of the year for 1981.