OT: Auto Bailouts Everywhere – Even in Japan and Germany

[svelte]

I know it is the in-thing to do in the US right now to bash US automakers, and yes they’ve probably done a few things to deserve it, but the other companies aren’t squeaky-clean, either.

I would like to remind everyone that we seem to be ignoring other auto companies dipping into their government’s well:

– Toyota has received $3B loan from the Japanese goverment:
http://www.abc.net.au/news/stories/2009/03/03/2506461.htm

– Honda has asked for a loan from the Japanese government:
http://online.wsj.com/article/SB123616606827228383.html

– Nissan has asked the Japanese government for a loan of about $2B:
http://www.news.com.au/dailytelegraph/story/0,22049,25437687-5001028,00.html

(Nissan was even near bankruptcy in 1998:)
http://findarticles.com/p/articles/mi_m3012/is_7_183/ai_105659473/

– Volkswagen has asked the German government for $933B loan guarantee:
http://www.straitstimes.com/Breaking%2BNews/Money/Story/STIStory_312592.html

It’s a crappy time to be in the automotive business. But if GM and Chrysler can use this opportunity to make their companies strong, tomorrow may be much brighter.

Anyone remember Delta Airlines going through bankruptcy in 2007? I still fly Delta regularly, and they appear to be one of the stronger carriers now:

http://www.businessweek.com/magazine/content/09_21/b4132036798289.htm?campaign_id=rss_topStories

[Rt.66]

For sure.

The auto industry is one of the most heavily government subsidized industries.

Most Gov.s realize the imporatnce of this sector and fight to gain an upper hand. Japan’s auto industry started with subsides and continues down that path.

I am saddend that our Gov. seems all too willing to let our auto industry become a shell of its former self. Never have US companies made so many exciting and interesting models (except for maybe the late 60s?).

Boy I’d love to hear Obama read the teleprompter telling him to say:

“Today we fight back! Today we stop the outflow of jobs and manufacturing to other countries. Today we start making our own stuff again!”

Change we get jobs from would be nice.

[Rt.66]

For sure.

The auto industry is one of the most heavily government subsidized industries.

Most Gov.s realize the imporatnce of this sector and fight to gain an upper hand. Japan’s auto industry started with subsides and continues down that path.

I am saddend that our Gov. seems all too willing to let our auto industry become a shell of its former self. Never have US companies made so many exciting and interesting models (except for maybe the late 60s?).

Boy I’d love to hear Obama read the teleprompter telling him to say:

“Today we fight back! Today we stop the outflow of jobs and manufacturing to other countries. Today we start making our own stuff again!”

Change we get jobs from would be nice.

[Rt.66]

For sure.

The auto industry is one of the most heavily government subsidized industries.

Most Gov.s realize the imporatnce of this sector and fight to gain an upper hand. Japan’s auto industry started with subsides and continues down that path.

I am saddend that our Gov. seems all too willing to let our auto industry become a shell of its former self. Never have US companies made so many exciting and interesting models (except for maybe the late 60s?).

Boy I’d love to hear Obama read the teleprompter telling him to say:

“Today we fight back! Today we stop the outflow of jobs and manufacturing to other countries. Today we start making our own stuff again!”

Change we get jobs from would be nice.

[Rt.66]

For sure.

The auto industry is one of the most heavily government subsidized industries.

Most Gov.s realize the imporatnce of this sector and fight to gain an upper hand. Japan’s auto industry started with subsides and continues down that path.

I am saddend that our Gov. seems all too willing to let our auto industry become a shell of its former self. Never have US companies made so many exciting and interesting models (except for maybe the late 60s?).

Boy I’d love to hear Obama read the teleprompter telling him to say:

“Today we fight back! Today we stop the outflow of jobs and manufacturing to other countries. Today we start making our own stuff again!”

Change we get jobs from would be nice.

[Rt.66]

For sure.

The auto industry is one of the most heavily government subsidized industries.

Most Gov.s realize the imporatnce of this sector and fight to gain an upper hand. Japan’s auto industry started with subsides and continues down that path.

I am saddend that our Gov. seems all too willing to let our auto industry become a shell of its former self. Never have US companies made so many exciting and interesting models (except for maybe the late 60s?).

Boy I’d love to hear Obama read the teleprompter telling him to say:

“Today we fight back! Today we stop the outflow of jobs and manufacturing to other countries. Today we start making our own stuff again!”

Change we get jobs from would be nice.

[Rt.66]

For the record, and this probably does not need explaining (except to viruses):

When I speak of saving auto worker jobs or UAW jobs, I take for granted that people realize that ancillary jobs come with those jobs.

Without the bottom there is no top. Assembly line jobs in this country help create engineering jobs and accounting jobs, IT jobs and advertising jobs, etc, etc.

I’ve been lucky enough to not need to stand at a boring assembly job, but all along I’ve known that part of my income comes from people who do.
A firm, prosperous foundation to our economic pyramid is essential.

[Rt.66]

For the record, and this probably does not need explaining (except to viruses):

When I speak of saving auto worker jobs or UAW jobs, I take for granted that people realize that ancillary jobs come with those jobs.

Without the bottom there is no top. Assembly line jobs in this country help create engineering jobs and accounting jobs, IT jobs and advertising jobs, etc, etc.

I’ve been lucky enough to not need to stand at a boring assembly job, but all along I’ve known that part of my income comes from people who do.
A firm, prosperous foundation to our economic pyramid is essential.

[Rt.66]

For the record, and this probably does not need explaining (except to viruses):

When I speak of saving auto worker jobs or UAW jobs, I take for granted that people realize that ancillary jobs come with those jobs.

Without the bottom there is no top. Assembly line jobs in this country help create engineering jobs and accounting jobs, IT jobs and advertising jobs, etc, etc.

I’ve been lucky enough to not need to stand at a boring assembly job, but all along I’ve known that part of my income comes from people who do.
A firm, prosperous foundation to our economic pyramid is essential.

[Rt.66]

For the record, and this probably does not need explaining (except to viruses):

When I speak of saving auto worker jobs or UAW jobs, I take for granted that people realize that ancillary jobs come with those jobs.

Without the bottom there is no top. Assembly line jobs in this country help create engineering jobs and accounting jobs, IT jobs and advertising jobs, etc, etc.

I’ve been lucky enough to not need to stand at a boring assembly job, but all along I’ve known that part of my income comes from people who do.
A firm, prosperous foundation to our economic pyramid is essential.

[Rt.66]

For the record, and this probably does not need explaining (except to viruses):

When I speak of saving auto worker jobs or UAW jobs, I take for granted that people realize that ancillary jobs come with those jobs.

Without the bottom there is no top. Assembly line jobs in this country help create engineering jobs and accounting jobs, IT jobs and advertising jobs, etc, etc.

I’ve been lucky enough to not need to stand at a boring assembly job, but all along I’ve known that part of my income comes from people who do.
A firm, prosperous foundation to our economic pyramid is essential.

[svelte]

[quote=Rt.66] Never have US companies made so many exciting and interesting models (except for maybe the late 60s?).
[/quote]

Agree with what you’ve said R66, and especially the quote above. Autos coming off the lines today from all car companies are amazing.

I still hear people wishing the cars from the 1960s would return, and I always say wtf! Today’s cars – from any mfr – have more HP, get better gas mileage, emit less pollutants, handle better, are safer, are more comfortable and have many more amenities…who in their right mind would return?

[svelte]

[quote=Rt.66] Never have US companies made so many exciting and interesting models (except for maybe the late 60s?).
[/quote]

Agree with what you’ve said R66, and especially the quote above. Autos coming off the lines today from all car companies are amazing.

I still hear people wishing the cars from the 1960s would return, and I always say wtf! Today’s cars – from any mfr – have more HP, get better gas mileage, emit less pollutants, handle better, are safer, are more comfortable and have many more amenities…who in their right mind would return?

[svelte]

[quote=Rt.66] Never have US companies made so many exciting and interesting models (except for maybe the late 60s?).
[/quote]

Agree with what you’ve said R66, and especially the quote above. Autos coming off the lines today from all car companies are amazing.

I still hear people wishing the cars from the 1960s would return, and I always say wtf! Today’s cars – from any mfr – have more HP, get better gas mileage, emit less pollutants, handle better, are safer, are more comfortable and have many more amenities…who in their right mind would return?

[svelte]

[quote=Rt.66] Never have US companies made so many exciting and interesting models (except for maybe the late 60s?).
[/quote]

Agree with what you’ve said R66, and especially the quote above. Autos coming off the lines today from all car companies are amazing.

I still hear people wishing the cars from the 1960s would return, and I always say wtf! Today’s cars – from any mfr – have more HP, get better gas mileage, emit less pollutants, handle better, are safer, are more comfortable and have many more amenities…who in their right mind would return?

[Author]

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