Am I alone in this? Do the “Big 3″ auto makers really need our federal government to rescue them? These seem like some practical ways to get a handle on their spending issues…
1. Instead of laying off hundreds of hourly workers, why not eliminate dozens of C.E.O. and officers with the largest most inflated salaries?
2. why not have representatives from Honda, BMW, Mercedes visit your operation and explain how they are able to manage their business without government assistance?
3. instead of traveling by private jet, why not fly commercial? Better yet, why not drive one your own company’s vehicles?
4. even with numerous jobs being shipped to Mexico, via the N.A.F.T.A. plan, these companies still aren’t able to manage costs?
Regardless of the scare tactics these talking heads use to coerce Congress into bailing them out… their wasteful habits are to blame, not the U.S. and global economy.
April 5th, 2011 at 7:37 pm
Exactly, thank you. Do not forget their lack of vision to produce affordable more economy friendly cars either.
April 5th, 2011 at 8:25 pm
Obviously they have no good ideas. That’s why they are asking for the government to give them money, rather than filing for chapter 11. They all know that they cannot sustain themselves unless they change drastically, and none of them want to do that.
I really doubt any foreign companies are going to give Detroit advice. The collapse of the American auto industry would mean less competition for the foregin auto makers in the world’s largest auto market.
April 5th, 2011 at 8:54 pm
All of your points are quite valid. But these CEOs and other exec fatcats won’t give up their lavish salaries and lifestyles, they plan to hang on, instead of letting competent businessmen run the companies.
How about big oil bailing out the Detroit fatcats? After all, for all of these years, Detroit has been building the gas-guzzlers that have made the oil companies billions upon billions of dollars.
April 5th, 2011 at 9:03 pm
How about make cars people want? And make them to last.
April 5th, 2011 at 10:01 pm
Cut the wages of workers in half.
Fire the current CEOs. They don’t know WTF they are doing.
Hire new CEOs with low salaries.
They are braindead. They only came out with “green” vehicles when the Japanese beat them to it.
And oh, sell those F*****g company jets. You make cars for crying out loud!
April 5th, 2011 at 10:02 pm
Make them part of a much larger program of implementing hydrogen fueled automobiles as part of their bail-out.
Once they collapse, you can count on paying double for a toyota.
Cutting the union loose will destroy consumer confidence even more.
April 5th, 2011 at 10:14 pm
Stop buillding 12 versions of the SAME darn vehicle!!!
BUST the UAW union and stop paying high school dropouts $40/hour for the work of a trained Chimp…..plus benefits…. plus retirement…
WHY NOT simply build a better car? EVERY YEAR they come out with a LITTLE bit of improvement. Make 3 or 4 REALLY GOOD models with state of the art quality and recapture your market. [Business 101]
And yes…. if you expect to receive ANY tax-funded bailouts…. a SIGNIFICANT portion of your top management MUST BE FIRED.
We don’t reward BAD work……
April 5th, 2011 at 10:19 pm
Let the major Oil Companies bail them out. They have all the money to do so.
April 5th, 2011 at 11:16 pm
1. Eliminate the UAW and cut CEO’s
2. Those companies are NON UNION…big difference!
3. Why not sell the planes to get spending $
4. UAW, UAW, UAW
April 5th, 2011 at 11:36 pm
I have a friend that makes $42.00/hour watching a machine screw on lug nuts. He doesn’t even know how to fix it when the machine/robot breaks down. He’s being proactive and looking for a new job.
Why would Honda, BMW and Mercedes want to help the competition? Why don’t they go read about W. Edward Deming and figure out what American taught the Japanese?
If you made the mistake of buying a private jet, then by all means use the private jet right up until the day you sell it.
Toyota, Nissan, Honda and BMW have car manufacturing plant building cars in the USA. Here’s an idea for the Big 3. Move your manufacturing plants to non-union, right to work states.