Ferrari Mailing List: Re: Motor City Christmas Card

[Lee S. Lingo (LeesCars]

Yes, there may be but it's different on every vehicle every month.  I'm not
generalizing, just pointing out that generalizing is part of the
misinformation problem.

 

There are huge rebates, but not $14,000 on all SUV/trucks and they're doing
it to keep the company moving.  Were Toyota or Porsche/VW or anyone else in
this situation, they would certainly have looked at doing the same things.
Sell vehicles, make what you can to keep the company running.  

Lee

 

From: Brian E. Buxton [mailto:BrianBuxton [at] BuxtonMotorsports.com] 
Sent: Sunday, December 14, 2008 2:54 PM
To: Lee S. Lingo
Cc: 'The FerrariList'
Subject: Re: [Ferrari] Motor City Christmas Card

 

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"  <mailto:david [at] thethursbys.net>
<david [at] thethursbys.net>
To: "Rich"  <mailto:rich355 [at] comcast.net> <rich355 [at] comcast.net>
Cc: "'The FerrariList'"  <mailto:ferrari [at] ferrarilist.com>
<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

Buxton <http://www.buxtonmotorsports.com>  Motorsports, Inc.

301 North Royal Ave.

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Inc.

Nationwide Enclosed Auto Transportation

Founder & Past President

SO. IN Region PCA