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[cem_devecioglu]

they won't let it go under, too many people are employed at the companies. It would be a national disaster for the US.

like the US isnt a big enough fricking disaster anyway.......

let the whole bloody country go to the wall, a lot of the issues we have over here are as a result of things that have gone on over there.....

sorry but sympathy is low on the distribution list currently

I agree to a point, but I thibk if our Government had thier house in order I dont think things would be half as bad.

point taken, but some of the hair-brained schemes that have got us here have come from the other side of the pond..

our government is so sheep like i swear they would jump off a cliff if 'dubya' told them to........hell i wish he would

Not really black and white I'am afraid.

If they are bailed out then the taxpayer foots the bill.

If they don't , then many thousands of workers join the unemployment queue......so the taxpayer pays again.

Shades of British Leyland in the late seventies here I think

Ok, either way the tax payer gets it in the neck......but heres another possible outcome

GM goes under, becomes fragmented, some elements go under and others are bought out by other companies or management, so not all of it becomes a burden to the tax payer

likely to happen..

[Martin_1962]

TBH Think of this

WHat will happen to GM Europe?

What will happen to Holden?

Will the above still be able to get LS2?

LS7

[michael.d.s.]

don't worry bush still has time to start another war and the gm plant is an ideal place for making aeroplane engines etc ...

[Jay w]

TBH Think of this

WHat will happen to GM Europe?

What will happen to Holden?

Will the above still be able to get LS2?

LS7

yes, because the engine plant is a profit centre, so all they do is start to sell the engines for cold hard cash as opposed to moving money around on a spreadsheet  

[cem_devecioglu]

don't worry bush still has time to start another war and the gm plant is an ideal place for making aeroplane engines etc ...

 

[Nickbat]

they won't let it go under, too many people are employed at the companies. It would be a national disaster for the US.

I tend to agree with Tunnie. The auto industry is a part of the economic infrastructure. Think of all the ancilliary manufacturing industries directly tied in that supply the tyres, paint, exhaust, brakes.... plus all the dealerships.

Then of course you have all the indirect industries in Motown: the retail sector, the service sector and so on which all rely heavily on the income generated by the auto companies and their employees.

It's not that these companies are especially bloated, it's just that the recessionary talk has flattened sales across the board and the banks are loathe to extend credit. Give them a helping hand for a couple of years until all this rubbish has blown over and they'll be fit again. If they are given loans, it's not the taxpayer who is paying directly (since the money is a loan and the government runs on a deficit anyway) and it will help a vital industry weather the storm.

If we were talking about a particular company that was going under I would agree that the government should stay out, but it's a whole sector of the economy that is in dire straits, albeit temporary.

Yes, they should be helped.    

[albitz]

5 million jobs in the U.S. alone are dependant on these 3 companies.
allowing them to go to the wall wont be an option.

[Kevin Wood]

Ok, either way the tax payer gets it in the neck......but heres another possible outcome

GM goes under, becomes fragmented, some elements go under and others are bought out by other companies or management, so not all of it becomes a burden to the tax payer

That's always the best outcome. Basically, what the management needs to do, but haven't got the bottle to do, happens naturally. The unprofitable parts of the company get binned and the profitable parts become smaller and less constrained.

I was in the US a couple of months ago and the shift to japanese and european cars was noticeable. If they aren't producing the products their home market demand what do they expect?

Kevin

[STMO123]

I heard on TV last night that, in all probability, six if the eight brands they own over there will have to be sold off inc. Hummer, GMC and Pontiac.

Oh, and Saab.