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'24 Chevy Blazer EV 2LT
1. No government subsidies
2. No free charging station (after all, gasoline isn't free), and this perk is just another subsidy paid for with investor money (out one pocket into another).
3. Window sticker from each state showing the % of electricity generated for the Tesla that comes from coal, natural gas and renewables and grant, or do not grant, Access Lane stickers based on that.
2. No free charging station (after all, gasoline isn't free), and this perk is just another subsidy paid for with investor money (out one pocket into another).
3. Window sticker from each state showing the % of electricity generated for the Tesla that comes from coal, natural gas and renewables and grant, or do not grant, Access Lane stickers based on that. "
1 - Of course you would need to compare that to the bailouts. How much did GM get in bailout versus Tesla subsidies? AFAIR GM also had (still has?) an income tax break ongoing gift from the US Government.
Do people here really want to complain about Tesla? I think having a young upstart to wake up the moribund D3 (2) is a great thing. Look at what Elon has done for the prices and innovation in the space launch market.
I have more issue with tax breaks for people who buy 120K toys than for bailing out sputtering firms who could cause chaos in collapse, but then again I don't like regressive tax policy in general, and I don't drink the trickle down Kool-Aid.
Despite Musk's brilliance and the Tesla product, which is credible, I still see the Tesla company as a giant Ponzi scheme at this point in time.
My aversion to providing bailouts to GM & Chrysler had more to do with the fact they had sold horrendous products to the people of the US, and then backed it up with terrible customer service, and then finally shady warranty avoidance coverage. All of those things deserve to be punished, and the bailouts were a reward to keep the private jets fueled for the suits at the top. Bonuses tend to be sky-high in the industry as well, not as sky-high as Wall Street, but when you have to be compared to Wall Street to look good, something is wrong.
One has to be realistic in politics.
Big banks routinely make Worst 10 lists for Customer service along with Cell Phone and Cable companies. Again, if you have to compare yourself to them to look good, you are setting low standards.
Also, a car is the biggest monetary transaction most people will make on something outside of their home. It's a little easier to support the home team if were talking about glassware you buy for $19.99 verses an automobile that averages over $30,000 these days, and that doesn't include maintenance and servicing/repair costs.
Another example, if the maker of my defective $19.99 neck and shoulder massaging machine doesn't want to honor their warranty; I'm out $20 and can buy another brand; maybe spend more next time. But get a bum transmission, leaky early failure head gaskets, and A/C system and your talking $3,000+ to keep your ride working. If you add in that the ride isn't fun to drive, is not comfortable, or quiet, or anything else of redeeming value, and there you have the BIG 3 90's product IMO. People used to say in the old days that German cars were expensive to keep running, but at least they had a performance luxury machine when it ran; not a rattle trap clunker.
I suspect the bailout was more political than strategic in this regard. I don't give the politicians nearly enough credit for insight for it to have been strategic.
I've always said that the bailouts looked good at the start, but just wait until the first big downturn hits - are our big dinosaur automakers REALLY in better shape now? Are they able to survive another bit downturn or will we be once again faced with the same grim choices - bail them out or they fail?
I don't have a problem aiding an ailing industry (especially one as strategically important as transportation manufacturing), as every other developed country does likewise. I know we fail in many areas compared to other first world locations, but we shouldn't in all. We aid our FIRE cabal immensely, bailing it out even when not needed. Real-estate-based industries especially - federally backed loans and tax deductible interest are really just subsidies , and when the terms get sweeter in reaction to declining markers, bailouts. Few complain about the finance world, you know, the one that creates recessions and depressions, without fear of real accountability.
When the next downturn hits, examine who made it happen.
Besides I rather doubt Honda and Toyota would be moving to Detroit. They want non-union labor, slimmer pensions and corporate profits flowing back to Japan. These are not exactly benevolent institutions catering to the American middle class.
There's a difference between "having a job" and being part of the "American Dream".
Then, too, we must consider the massive supply chain that feeds the auto industry.
Sure, every rich country will survive an economic collapse, and if the Great Depression tells us anything, it tells us that not every part of the country suffers equally.
I think Michigan & Ohio and perhaps nearby states would have been flattened.
As to living the American Dream by working for the Big 3 vs. Honda, I find that a bit hard to believe. Sure, everyone would like being overpaid with overkill benefits, but would you like it all the same if you know that it is driving your employer into bankruptcy? I have a feeling a survey of morale at Chrysler prior to the 2nd bailouts for them would not have showed people "living the dream" so to speak. They might be well paid, but how much can you enjoy being part of the "Caliber" product team?
I just don't think Mr. Toyota would be impressed by someones resume stating "QC manager in charge of Dodge Neon product quality 1994-2000." LOL!
It's not just line worker compensation driving incompetent firms into bankruptcy - likely not even the primary reason. The executive leadership was completely incompetent, and in virtually every industry, remains free from accountability. Let them eat cake.
'24 Chevy Blazer EV 2LT
Did you fund your pensions, health care, and warranty funds adequately before posting that profit? If so, then yes, it is true profit, but if not, it is just magician-ship. Also, shouldn't their be a rainy day fund during boom times? Maybe a "claims" fund for when those faulty ignition lawsuits come back to bite you. Is there a "inflated residual" fund for all those subsidized leases? When you are losing billions per month, there are a lot of factors losing money all at the same time.
I think giving the company to the employees - White and blue collar - is the right thing to do.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Fiat didn't buy anything - it was gifted to them from the US Govt and Cerebus in exchange for Fiat technology being used for US models - the Dart and the 200.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
When the US Gov't loaned Chrysler money as part of TARP, there were three conditions:
1. long term viability
2. international competitiveness
3. energy efficient vehicles
At first, Chrysler tried to merge with GM, but there was too much product overlap (duh)
FIAT entered the picture, and always maintained a 'no cash in' approach to the negotiations. Settled on an initial stake of 20% in Chrysler (UAW was at 55%, US and Canadian governments had the rest), with the ability to increase the stake to 35% when certain milestones were met (introducing a car that got 40MPG to the US market).
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
What is likely to happen is that FCA will run out of cash, then someone will swoop in and pick over the carcass for pennies on the dollar.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Saw a Chevy pickup truck stalled out/broken down in the 2nd lane of the freeway nearing an exit ramp for another freeway (78W from I15N) this morning. Fortunately, I got there soon after he broke down and was able to maneuver in the first lane. Traffic is always a crawl in that location, so he's going along bumper to bumper, and the Big 3 is responsible for turning congestion into gridlock
Glad my sister has a commute of less than a mile to her office.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I got a speeding ticket in the Kia the other day on a stretch I think I got a ticket almost 10 years ago. Therefore, I know the traffic & engineering survey will show the speed limit is set well below the 85th percentile, and also that the stretch of roadway is 6 or 8 times safer (accidents per million miles) than the typical roadway. Strange use of enforcement the other morning during morning rush (around 7 AM). Two motorcycle Sheriffs; another guy was pulled over all of 15 seconds after I had been. Wasn't using my radar detector; absolutely should have; probably would have saved me. I did slow down 200-300 yards before crossing the motorcycle's path, but that wasn't good enough apparently.
If you slow down to the "speed limit" 200 yards before reaching a "so-called potential hazard" was a hazard really created? Shows I was paying attention and observant; they should go after the distracted people that don't hit the brakes
We all know how you feel about your '94 Neon...
:laughing:
Sucks about the ticket.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
This is why I think the focus on "American makes" is very simplistic. It's the Japanese makes that are not yet using China. And they provide a lot of economy to the US as well. Companies like GM had higher numbers of workers but a lot of that was because they were inefficient and couldn't be profitable at those labor levels. So what good are those jobs if they are basically unsustainable anyway?
I can keep a lot of $75,000 a year people employed for quite some time if you give me 50 Billion Dollars in Tax Payer money. Even if I have them just watch paint dry and grass grow!