Showing posts with label Chrysler. Show all posts
Showing posts with label Chrysler. Show all posts
Monday, January 10, 2011
Sunday, December 7, 2008
Exclusive: Jay Leno on the Bailout
Once you Lose American Manufacturing, It’s Gone Forever. In an exclusive interview with PM, Jay Leno gives his take on the auto bailout.
I think we should bail them out. To me it’s like class warfare. The white-collar guys get a bailout and the blue-collar guys don’t? That’s crazy. You know, I’d rather help a guy with a wrench in his hand than some guy sitting in front of a keyboard.
We’ve given the banks $700 billion. Does it seem like anything has actually happened with that money? No. But when a factory closes, boy, you’ll see the effect of that right away. You’ll see towns go under and you’ll see lives ruined. That town will never be a manufacturing center again. At best those old buildings will become a mall or a Wal-Mart.
I look at it this way: I don’t necessarily want to loan my brother-in-law money, but he’s family. To me, GM, Ford, Chrysler and the suppliers that go along with them are our family.
We barely make anything in this country anymore as it is. And once you lose this manufacturing infrastructure, it’s pretty much gone forever.
read more | digg story
Friday, August 8, 2008
Detroit Finally Gets It!
During the past two weeks, General Motors reported a $15.5 billion quarterly loss (including special items), following Ford Motor's $8.7 billion loss the week before. I shudder to think how bad it is at Chrysler. Auto execs claim they were giving Americans the products they wanted. Really? For proof to the contrary, look at their U.S. market shares, which are slumping to historically low levels as Japanese auto makers gain ground. In a recent meeting with Ford executives, CEO Alan Mulally dared to challenge the Detroit gospel that you can't make money on small, fuel-efficient cars. At last Ford appears to be making bold moves to design and sell vehicles that people want. So with Fords EcoBoost and Verve at least there is some promising news from the American auto-industry, but is it too late?
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