Loan or Bailout: Detroit Strikes Back - Garage419

Garage419's first round table debate. Wes Siler, Mike Spinelli and Leo Parente join Matt Farah to discuss the state of General Motors and Chrysler after their recent viability plans were submitted to congress. - Garage419

Category:

Autos & Vehicles

Tags:

• GM
• bail
• out
• chrysler
• congress
• bankruptcy
• general
• motors

[sspope]

btw. where is Audi R8 ice racing?

[Garage419]

It's going to be at Lake George, we're shooting on Saturday :) Probably won't air for 2 weeks or so though...

[lbm323]

GM should make a mini cooper like car. with independent suspension all the way around, small efficient engine, good looks. it would be succesfull if it looks right and handels just as good if not better. Mini Cooper sell really well even in this economy. if they make it starting at 15 grand it will be a great seller. think about it. a mini cooper competitor for 5 grand less.that 25 percent off a mini. just a thought

[Garage419]

Trying to undercut Europeans and Japanese pricing is part of what got the big 3 into this mess in the first place. If they concentrate on quality instead of building to a price that undercuts other companies, they will reap longer term benefeits.

[sspope]

It's no just big 3 who have been trying to cut production costs as much as possible over past years, the German are doing it too. Look how Mercedes and VW have fallen from the top.

[Garage419]

It's not that they have "fallen from the top" so much as sales are down everywhere, except for Audi it seems.

[sebring98]

This is A CRIME that we are FORCED by our govt to pay nearly $1,000 each to TEMPORARILY save these FAILED car companies!!!!!!!!! All this will do is allow the Fat-ass CEO billionaires to collect MORE money to pay for their lavish lifestyles while we working stiffs pay for their BONUSES while we stick to driving USED CARS! Keep your car and take care of it. Stop giving those billionaire CROOKS all your hard-earned money!

[LamboGallardo560]

Chrysler DESERVES to die. None of their products stand out in any way and none of their new ones are worth cents let alone billions of dollars. GM, as you guys said, CAN make good cars, WHEN THEY TRY. The new Malibu and CTS/CTS-V are proof. The ZR1 is a niche car so it doesn't count. If Ford can bring its Europe line here, then they can survive, but they have to try harder than they are now. The government should stop giving Chrysler money and start collecting on the loans given so far.

[VettesAre4FAGGOTS]

GM = THE FARTHEAT OF AMERICA

[Howie262]

I my self only love European cars.

However.........

I cant deny that cars like the Corvett ZR1 and Cadilac Cts V are ridiculous preformers and it would be sad to see them go.

Its ironic how as soon as these type of american cars get on top that they would just cancell preformance development.

[6129golf]

yeah, less likely to oversteer (basically go into a drift), and most people dont know how to respond to their car getting loose.

[juscurious]

The Chevy Cruze will be better than the Corolla. And GM just might made money on it. Up to now GM lost money on every small car they ever made. If they sold twice as many economy cars, they would have lost even more money. GM needs a cost structure they can live with. The UAW must go if we are to have a domestic car manufacturing industry.

[juscurious]

These guys are real clowns. I thought I might get some interesting information but these guys just don't understand economics. The problem with GM, Ford, Chrysler is cost structure. It's that simple. They must pay about $2,000 per car for legacy costs. This is killing them. The UAW has destroyed the American Auto industry. These guys simple aren't addressing the problem. If the Big 3 had a competitive cost structure they would have any problems compeating.

[Maples01]

Why is there such problems with the American auto bailout, but OK with the bank bailouts that was totally unrestricted, leaving the same ones in charge that ran them in the ground to start with?

BTW, banks froze loans, leaving the public no way to buy vehicles, no sale. The petroleum industry, who have been able to make huge profits by gas prices not reflecting from oil barrel price. Big oil has us fooled by reasuring us we aren't paying 5 bux a gal, when we are paying $1.50, yet should be $1.00

[CrazyDave650]

FWD is also considerd safer on bad weather days(control i think)

[CrazyDave650]

probably

[CrazyDave650]

personaly I dream at night of an 'every mans car' but it was built 40 years ago and half of my dream is in rebuilding it to be able to run with a c6 if not a z06.

ask me what i think of todays 'American' cars.......P.O.S. its the 21st centry and there putting drum brakes in all there vehicles that arn't preformance modles(Ford focus, GMC Equinox...)

[CrazyDave650]

what about Ford, will they live...

i say fuck the heads of GM and Chrystler, its there fault that noone wants to buy the crap they flood into dealers.

Harley Davidson is also hurting but they make a quality ride.

Volvo is down to only selling 20% of the amount of cars per month that they sold last year by a california dealer. and they make great cars. they may not have pazaze but they run with the likes of BMW and audi.