7 myths about Detroit automakers

[pauldun170]

Originally Posted by fatbuckRTO

If even most of that were true something tells me they wouldn't be asking Congress for billions of dollars.

At the very least it looks like Ford is in an ok position. Setting up a line of credit is ok with me for Ford. Looks like they are taking some good steps....they just need hold it all together while they shake uglies out of their lineup.

Chrysler - not so much.

GM - Difficult to say but I think they should have federal support a little capital to offset immediate restructuring cost.

The issue is that for the big three to get there crap together, plants have to close and the workforce needs to shrink. The BS coming from congress ("why haven't you made magical hybrids that will sell by the billions and save the world") annoys the fuck out of me.

They know what needs to be done but the political backlash of loaning money just to result in job losses clouds the process.

Dodd needs to be sent on his way and replaced by someone with knowledge of the business and the market they operate in. Tired of hearing him