Ok, I agree with you that there will be lots of jobs lost... But maybe it would be better in a Japanese company
(who have benefitted for years from low cost credit sponsored by their central banks. The Chinese have benefited and still do from a controlled currency) bought them... They seem to be doing fine... And why does GM want to buy Chrysler back for
... It's losing money left and right.. So is GM, and Ford they wouldn't need the loans if they weren't..
it is about economies of scale and eliminating reduncies, both GM and Chrysler are each spending billions to develop advanced propulsion systems (hybrids, fuel cells, etc) and if they merge they only need one group of people doing it, and the same would go for numerous central office staff positions.
They want 15 Billion Doallars not Million but Billion...
Let a foreign company buy them up, There losing money anyway.. It's not like the money is staying here if there not making any...
all the money is staying here that is paid to employees, retirees, suppliers, and dealerships. And to the medical community for the million plus people that the big 3 provide Healthcare.
Plus GM and the other 3 just caught up with the better built cars and trucks others make..... I had a mid 80's chevy that didn't even compare to the quality of my '79 honda accord...
okay, you had a bad GM vhicle 20+ years ago. GM ranks at the top of most of the current JD Power long term ownership studies. The big three have as many quality award winners as any manufacturer. Which automaker had the most recalled vehicles in 2007? Toyota!
If they can't build stuff people want to buy let someone else buy them and straighten it all out....
(GM, Ford, and Chysler all produce vehicles that people are buying, but with the slow down, not enough to cover expenses The big three and other companies built the American middle class. One by one they are dying off as legacy costs (retiree pensions/healthcare and employee healthcare) make them uncompetive against new competition that has no legacy costs. How does it happen? Our free market economy, the ONLY free market economy in the world allows foreign owned companies to build here or import products at less cost and underprice American sourced products. This ends up driving American owned companies out of business. The Government only needs to steep in to keep more of the profits here..
Toyota, Honda, Hyundai, Nissan, all of them export ALL of their untaxed profit to their country of origin, and our Government should raise their taxes to keep most or all of that money in our country.