Ferrari Mailing List: Re: Motor City Christmas Card

[Brian E. Buxton (BrianBuxton]

Those rebates are not across the board for models, and there is a huge 
difference between offering $3,000 cash back (as they are currently 
doing on Sienna minivans), -vs- $14,000+ on their biggest cash cow 
(trucks and SUV's)  - as the big 3 is doing.

BEB



Lee S. Lingo wrote:

> 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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--

Brian E. Buxton, President



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