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Originally Posted by TonyL
aaand this morning all three executives showed up in their private jets at a cost of $22,000 PER COMPANY. the price of a first class ticket? 800 bucks.
These guys JUST DONT GET IT. Dont stand on a street corner in an armani suit with your hand out. Start ACTING like you're hurting and people might believe it. Loan or no, There is NO EVIDENCE that any of the big three have a plan to get themselves out of the habits that got them where they are. You dont give money to a crack addict that hasn't been to rehab. These guys are just going to blow whatever we give them. Bad businesses deserve to die. Another company or companies will rise up to take their place. Sometimes you have to cut off a rotting limb so the body can survive. It hurts, but it's what has to be done.
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Drives me crazy!!
Being in business for myself I hate seeing bailouts- no one comes to bail me out -sink or swim. I realize I'm tiny business, this is global business with a lot of jobs on the line. Sorry for the people involved on this site on a personal level, I know no one else in the auto industry. Hope it work out for you guys.
Quote:
Originally Posted by Vegas69
Bingo.....somebody will buy them and make them profitable if in fact they fail. Only problem is it probably won't be an American company. Hell it's hard enough to get an American beer now.
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IMO I see a major hurdle selling any of the Big 3 if it goes the way of Chapter 11, which I bet it won't. The automotive unions... who in there right mind would want to buy into dealing with that??? They'll be waiting in the back ground for raises, new demands, ready to walk/lock out when they don't get what they want, impossible to run a business hand cuffed to a union. There's the rotting arm to chop off.
