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Auto Bailout!
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12-12-2008, 02:37 PM
txbart
Crimson Guard
Join Date: Sep 2007
Location: Houston, Tx
Posts: 2,197
They were built on capitalism, therefore let them live and die the capitalistic way.
I feel that this is all a big set up for future renegotiations, backed by the Federal Gov. to loosen the hold that the UAW has on the big three. I understand worker compensation averages $74/hr(wages and benefits)at the big three, when it is $45/hr(wages and benefits) at the non-UAW Toyota, Mercedes, Nissan, Honda, BMW, & etc. plants around the country. That $74 an hour is great for the UAW now but it's killing the company. Top that by everyone at the top taking their cut and there is little room left in the middle to make a quality product.
Remember when a car would last for 20 years with the basics of maintenance? It seems like the big three have been engineering functional obsolescence into their vehicles since the '80s. Not all vehicles made mind you, but how often do you see a mid range sedan that is more than 10 years old looking like it is not ready to die on the side of the road? One that doesn't look like it's held together with duct tape and nylon cord? I see very few like that. Part of the obsolescence is the consumer's fault, most of us want what is new and exciting (New Chalenger anyone?, '09 Mustang or Camaro?).
The big three chose their business strategies and we should not subsidize them. All three will not die in tandem, though they may slough off some of their divisions (remember Oldsmobile?).
Last edited by txbart; 12-12-2008 at
02:45 PM
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