Bid to Save GM, Chrysler Loans Dies in Senate

[kelvin070]

To read more CLICK HERE

 

[coughdrops300]

Really

 

[kelvin070]

Yeah, just read on

 

[kelvin070]

Wall Street will plummet later today

 

[coughdrops300]

I just tried your link but my job has a block on it, Will check it out in am when I get home.

 

[kelvin070]

Check any news website

 

[The Joker]

Shouldn't this be in General Discussion > Latest news.

That is unless you intend on debating this topic....which I don't see how you would...

 

[kelvin070]

Shouldn't this be in General Discussion > Latest news.

That is unless you intend on debating this topic....which I don't see how you would...

She will kill me if I put this thread under 'general'. There is a related thread here 'auto bailout'

 

[The Joker]

Not under general, under the sub topic Latest News, coz...this is news o.o

 

[kelvin070]

I guess can be either News or Politics cuz I envisage they gonna debate this

 

[kelvin070]

Damn it asian stocks plunge after hearing the news

 

[kelvin070]

So whats next? File for Chapter 11 I guess

 

[BadBoy@TheWheel]

I have been watchig the news since I got up.....Nothing along the lines of the government telling the Big 3 no...

 

[BadBoy@TheWheel]

As a matter of fact it was just stated a few minutes ago that senate was expected to work through the weekend hammering out some kind of middle of the road solution.

Personally.....I think they need to file bankruptcy, and that would entitle them to re-negotiate with the unions, and re-structure.

I think if the government gives them anything, they will piss it away

 

[kelvin070]

Ford will survive, the other 2 need some billions before the year ends to sustain operations

 

[Alien Allen]

with some of the crap I heard was put in the bill maybe they should file.

chapter 11 is ok but if they go down for good after that we have a mess

unions need to step up and move the concessions to take immediate effect and not in 2010 if they want to preserve the unions

 

[kelvin070]

Taxpayers cannot be bailing out inefficient companies with unions holding employers at ransom. Need to restructure and keep it mean and lean

 

[BadBoy@TheWheel]

Also cost control is an issue, if they could be more efficient, leaner and perhaps make new vehicles more affordable, people would probably be more apt to buy, but even if they don't sell as many units, they could survive if they saved a few nuts for winter....Rather than doing what most comapnies do....Spend

 

[kelvin070]

Perhaps take a cue from the japanese

 

[BadBoy@TheWheel]

Perhaps take a cue from the japanese

Well there's a reason why GM isn't the biggest dog on the porch....They simply are not as good as the competition....

Yes they should learn from someone

Of course all automakers are suffering right now....The japanese just know how to manage money....Mainly because it's our money they possess