Comments on: Mitt Romney’s Plan For Detroit

By: Olivia

Olivia — Mon, 15 Jun 2009 14:56:27 +0000

Did Gm deserve the bailout? You Ask me I would say NO.. why? When Honda and Toyota were out inventing new cars, GM was busy boasting about its pride and Showing off its hungry hungry Daughter the Hummer

By: MattK

MattK — Wed, 03 Dec 2008 10:42:50 +0000

Thanks, b, for your comment.

I do a lot of reading and have kept up with this subject for months. I also meet with people who are “in the know” and others who aren’t vested in the industry.

David Kiley’s piece is his opinion on how things will play out. He seems more concerned about guaranteeing employee health care, then retooling operations to build cars better suited for the next decade.

BTW, I believe Ford has the best chance of surviving and am not completely opposed to lending the automaker some money. We’ll need to see what GM and Chrysler have to say for themselves as well. After all, it was their first performance before Congress — a poorly organized pitch if I ever heard one — that has done little to convince most people that the Big Three has a plan in place worth considering.

By: b.

b. — Wed, 03 Dec 2008 04:39:26 +0000

MattK,
you need to do less blog and little more reading to educate yourself.
you have sooo much to learn.
for starters read this article.
//www.businessweek.com/autos/autobeat/archives/2008/11/romney_on_auto.html

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By: MattK

MattK — Mon, 01 Dec 2008 18:17:46 +0000

Ryan — This week will be telling for the fortunes of Ford, General Motors and Chrysler. All three automakers’ management will be meeting with the U.S. Congress to pitch their latest plans. I’m thinking that GM will divest itself of several of its U.S. brands while Ford may sell Volvo (more about that tomorrow).

In the meantime, Chrysler will probably end up being dissolved, with Jeep going to GM or some other interested party.

Regardless, I expect that the U.S. government will throw billions of dollars of loan money their way, adding more to our national debt. Oh, joy!

By: Ryan G

Ryan G — Mon, 01 Dec 2008 12:06:25 +0000

I have to agree with him too. The industry is close to bust.

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