Ferrari Mailing List: Re: Motor City Christmas Card

[Rich (Rich355]

A senator was citing  statistics at the hearings the other day , and this 
one really was shocking.
I believe he cited that both Toyota and GM each sold 9 million vehicles 
worldwide in 2007 . The big difference was Toyota made a profit of somewhere 
in the $ 17  Billion range, while GM lost around $ 36 Billion.
Now trying to convinve anyone that GM  is losing money because the are not 
selling enough cars is laughable at best .
Obviously there is a bigger culprit  in GM's losses than their car sales 
numbers.

Rich


----- Original Message ----- 
From: "David Thursby" <david [at] thethursbys.net>
To: "Rich" <rich355 [at] comcast.net>
Cc: "'The FerrariList'" <ferrari [at] ferrarilist.com>
Sent: Sunday, December 14, 2008 1:05 PM
Subject: Re: [Ferrari] Motor City Christmas Card


> Seconded.
>
> Steve Jenkins wrote:
> > As part-maker of the loan, I'm curious as to what is the collateral on 
> > the
> > loan?
> >
> > I'm a fan of chapter 11 for the "big" three. It's doesn't mean they have 
> > to
> > go out of business - it means they have to re-organize, they have greater
> > ability to strong-arm the unions (don't get me started on unions - they 
> > were
> > necessary "back in the day" but have far outlived their necessity) and 
> > they
> > can restructure some of their debt. Airlines who've done it (United, 
> > Delta,
> > NWA) are all still alive and kicking. Of course, it didn't work for Aloha
> > Airlines - but staying in business is not the right of any organization,
> > it's a privilege afforded it by its customers.
> >
> > SJ
> >
> > -----Original Message-----
> > From: Lee S. Lingo [mailto:LeesCars [at] comcast.net]
> > Sent: Sunday, December 14, 2008 9:25 AM
> > To: Steve Jenkins
> > Cc: 'The FerrariList'
> > Subject: Re: [Ferrari] Motor City Christmas Card
> >
> > Yeah, this has been floating around for a month or so.  It's unfortunate
> > that it plays to the stereotype that the "Southern Senators" are 
> > claiming.
> > Sen.'s Bob Corker (TN), Mitch McConnell (KY), Jim Bunning (KY) and 
> > Richard
> > Shelby (AL) are some of the more outspoken leaders of the anti-American
> > sentiment where it pertains to the automotive industry.
> >
> > I know that it's a lot of political posturing, but I find it unbelievable
> > that they are pushing out the US Auto makers and feel that they are in no
> > need of assistance just because they have some foreign auto 
> > manufacturer's
> > in their state.  Those manufacturers, Toyota, Honda, Hyundai, Nissan and
> > Mercedes-Benz chose those locations because of intense lobbying by those
> > states and the subsidies in taxes and such.  Those five manufacturers all
> > use parts vendors that also provide parts to the US auto makers.  If one 
> > or
> > more of the US auto makers go down, their inability to pay their vendors
> > will cause significant hardship, and most likely, closing of the vendors 
> > at
> > least temporarily should sufficient credit be available which will in 
> > turn
> > affect the foreign makers.  They're all tied together.
> >
> > And I'm sick to death of the term bailout being bandied back and forth.
> > It's a bridge loan...
> >
> > Sorry Charles, but this issue REALLY gets my goat.
> >
> > Lee
> >
> > -----Original Message-----
> > From: Charles Perry [mailto:charles [at] carolina-sound.com]
> > Sent: Sunday, December 14, 2008 11:20 AM
> > To: Lee Lingo
> > Cc: The FerrariList
> > Subject: [Ferrari] Motor City Christmas Card
> >
> >
> > Amusing, in a sad way...
> >
> > -- charles
> >
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