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RE: China company may buy GM and Chrysler...
We tried the "Buy Foreign" over the last several years. Hows that worked out?
Your preaching to the wrong people Snotty. Go to the land of the liberals, the coasts and try to find an American made car. We in the heartland still try to buy cars from the big three.
Thats phucken BS and you know it.
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Mainecat
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11/20/08 12:03pm |
Trash Talkers
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RE: China company may buy GM and Chrysler...
I don't think anybody gets it MC. The big 3 want 25 billion to help them get back on thier feet. How is that gonna help? If nobody is buying cars, how will it help them? If China buys them out, will people start buying cars then? Auto sales in US is down across the board, it's just the big 3 with thier fat cat ceo's thought the SUV craze was gonna last forever. Four dollar a gallon gas took care of that and thier high margin vehicle sales went down the shyter. What our elected officials should do is, instaed of giving the big 3 our money, use it for incentive money for potential car buyers. Something like: Buy a Ford, Chrysler, GM product and claim the sales tax on your tax return. Buy a Big 3 hybrid and we pay the tax PLUS a green tax rebate of 2k. If we can get people buying cars, then the rest will take care of itself.
I am still waiting for whats his name in the white house to promote US made products.
My mayor promotes products made in my city.
My Chamber of Commerce promotes products made in my city.
My state Senator promotes products made in my state.
Why doesn't my Unites States president promote products made in the US?
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Mainecat
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11/20/08 12:01pm |
Trash Talkers
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RE: China company may buy GM and Chrysler...
You both just made my point......YOU DON'T GET IT.
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Mainecat
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11/20/08 07:02am |
Trash Talkers
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China company may buy GM and Chrysler...
Yeah lets let Communist China walk away with one of our last military capable assembly lines instead of helping.....yeah.
Keep buying foreign autos and trinkets fools.
http://www.theautochannel.com/news/2008/11/19/249038.1.jpg
AIC, Dongfeng to buy GM, Chrysler?
Shanghai, November 19, 2008: (Gasgoo.com) Auto manufacturing giants in China, such as Shanghai Automotive Industry Corporation (SAIC) and Dongfeng Motor Corporation, may buy some assets of the two crisis-plagued American automakers General Motors and Chrysler LLC, Zhang Xiangmu, director of China's Ministry of Industry and Information Technology - the state regulator of China's auto industry - told reporters recently. Gasgoo reporters asked some sources to confirm the news today.
"GM will not sell its joint ventures¡ªShanghai GM and Shanghai-GM-Wuling in China,¡° said Zhou Fangyu, former director of GM Business Development Department. Data showed that Shanghai GM posted a net profit of up to 3.8 billion yuan during Jan.-Sept this year, reflecting China is still a high-growing market for GM, so GM would not sell its joint ventures in China, he said.
Henry Wong, a Shanghai-based spokesman for the biggest US auto maker, told AFP in an interview on Nov.13 that GM is continuing its investment in China and actually the American automaker¡¯s operation has been very profitable in China. "We are not withdrawing or holding back any investment in China," he said.
A source from SAIC told Gasgoo.com reporters in a phone interview that he hasn¡¯t heard of SAIC¡¯s any plan to buy GM or Chrysler. It is impossible for SAIC to acquire assets of GM or Chrysler directly in the U.S. as the Chinese auto giant has suffered a big loss in acquiring foreign assets, the source said. However, he also noted that it may be possible for SAIC to buy some suppliers or joint ventures of GM in China.
Another SAIC source also denied hearing the news report. He was just back from a SAIC corporate meeting held on Nov.18, and said the meeting didn¡¯t touch this matter. ¡°It is unlikely for SAIC or Dongfeng Motor to buy any assets of GM and Chrysler in China or abroad, he commented.
As Chinese automakers have been badly affected by the global financial crisis, many automakers have lowered their 2008 sales targets and have begun to cut production and jobs. Auto giants like FAW, and Dongfeng can¡¯t fulfill their sales target this year. A take-over of a large overseas automaker would not fit Chinese automaker now. Besides, SAIC has bought a lot of loss-making foreign assets such as MG, and Ssangyong, both being great burdens for the Chinese automaker now, so it will not consider another take-over, he said.
A senior executive from a global famous Investment Inc said he knew the rumor, but he declined to comment. Many companies in China may leak out such rumors at this time, but whether it is true we should wait and see, he said.
The executive has dealt with many businesses for Chinese automakers to expand in overseas markets.
Analysts said SAIC and Dongfeng, both China¡¯s state-owned enterprises under close supervision of the government, may intentionally leak such news out to incur the media and industry attention to the potential of acquisition.
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Mainecat
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11/20/08 06:36am |
Trash Talkers
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RE: Saw a news story yesterday
Chapter 11 or 13 and the vendors get screwed. Believe me I have been screwed on both. I would love to call my vendor and tell em hey that 1MM I owe you is now 100K.
The bailout should be like Chryslers with guarantees and interest. Chrysler paid theirs back with interest.
Hey Japan subsidizes their automakers and they tariff auto imports to boot.
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Mainecat
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11/20/08 06:23am |
Trash Talkers
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RE: Fuel $
$4.99 for 87ish, give or take water content.
$5.40 for Diesel.
Welcome to Alaska, the energy producing state.
Does everyone in Alaska still get their 2K check every year?
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Mainecat
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11/20/08 06:19am |
Trash Talkers
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RE: Big 3
I don't suppose it matters that the union is willing to take the big 3 down the toilet without any concerns eh Mangeycat?
Sorry GM signed the contracts too. Any one of you guys here would sign a work contract for what you thought was a great salary too.
Keep throwing American workers under the bus.
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Mainecat
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11/19/08 01:06pm |
Trash Talkers
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RE: Big 3
Nice how you guys throw American workers under the bus. Real patriotic of you all.
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Mainecat
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11/19/08 11:58am |
Trash Talkers
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RE: Saw a news story yesterday
Allowing them to file bankruptcy in any form will be their demise.
Your not looking at the big picture Rick.....it would be a loan.
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Mainecat
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11/19/08 06:19am |
Trash Talkers
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RE: Saw a news story yesterday
lets see ....yeah let em file bankruptcy and pay 10% to all their vendors ...yeah that will put over a million workers out of work, thousands of support businesses and probably major healthcare providers wile file bankruptcy too. Yeah that will be good ...riiiiight
It's called chapter 11 MC, they do business as usual while reorganizing. No big loss to vendors. If nothing gets changed about how they do business how will they become a viable industry?
Not really how it works Rick. Vendors get hosed for big cash. I have had to eat many a C11 bills.
C11 lets em live and screw you up the butt as a vendor.
C13 lets em die and you get your 10 cents on the dollar maybe never.
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Mainecat
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11/18/08 08:18pm |
Trash Talkers
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RE: I hate liberals
I thought the section 8'ers were da ballz last week?
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Mainecat
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11/18/08 08:15pm |
Trash Talkers
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RE: Saw a news story yesterday
5000 on every import entering the US as a tariff......start yesterday.
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Mainecat
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11/18/08 05:32pm |
Trash Talkers
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RE: Saw a news story yesterday
lets see ....yeah let em file bankruptcy and pay 10% to all their vendors ...yeah that will put over a million workers out of work, thousands of support businesses and probably major healthcare providers wile file bankruptcy too. Yeah that will be good ...riiiiight
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Mainecat
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11/18/08 05:31pm |
Trash Talkers
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RE: Bumper sticker
Hey Tim ...John McCain lost.
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Mainecat
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11/18/08 09:50am |
Trash Talkers
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RE: Funny stuff
anyone see this movie?
Drive Up
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Mainecat
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11/17/08 08:55pm |
Trash Talkers
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RE: Funny stuff
lol here's one...
Yacht Rental
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Mainecat
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11/17/08 08:46pm |
Trash Talkers
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RE: Shock condoms?
What do you guys use to protect the shock covers?
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Mainecat
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11/17/08 07:13pm |
Trash Talkers
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RE: Seriously.
The clam flats are now loaded with black persons.
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Mainecat
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11/17/08 01:54pm |
Trash Talkers
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RE: Tranny Experts - not that kind Polcat.
I always buy da tow package even ifn i don't tow.
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Mainecat
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11/17/08 01:52pm |
Trash Talkers
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RE: Done deal
good deal Iceholio:)
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Mainecat
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11/17/08 12:32pm |
Trash Talkers
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