Ferrari Mailing List: Re: Motor City Christmas Card

[Lee S. Lingo (LeesCars]

There is a HUGE disparity.  Japan's health care system is significantly
different than ours in layout, cost structure, etc.  

Toyota does discount their vehicles.  They have been running 0% interest
and/or rebates since 2001.

Lee

-----Original Message-----
From: Brian E. Buxton [mailto:BrianBuxton [at] BuxtonMotorsports.com] 
Sent: Sunday, December 14, 2008 1:51 PM
To: Lee Lingo
Cc: The FerrariList
Subject: Re: [Ferrari] Motor City Christmas Card

Look at their cost per vehicle for their retirement, health care and 
other funds .... Toyotas is somewhere around $700 per vehicle and GM's 
$2,700.  Check the numbers as I am not claiming these are exact (they 
are from my old memory), but there is a HUGE disparity.  Another issue 
is that Toyota doesn't need to discount their 9 million vehicles to move 
them.

B



Rich wrote:

>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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>>>
>>>      
>>>
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>
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>  
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Brian E. Buxton, President

 

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