You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Reply #10: This is the premiss behind the bridge loan. [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread		 This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
ipfilter Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-08 11:39 AM
Response to Reply #8
10. This is the premiss behind the bridge loan.
Currently, the automakers can't sell their wares because nobody is buying. Due to legacy labor costs F, GM, and Chrysler are hamstrung in this market compared to the transplants. Nobody is profitable right now but the Big 3 are running out of cash to survive the current economic situation.

I'm very conflicted on the whole thing. Part of me believes CH 11 bankruptcy helps take care of failed business models but the economic and social impact of this are huge. Unfortunately, the Republicans are taking this opportunity to bust up big labor on their way out of power and that upsets me deeply.
Printer Friendly | Permalink |  | Top
 
  -Can someone make me a pie...chart for the cost of a Chevy? lelgt60  Dec-12-08 10:46 AM   #0 
  - k&r  Venceremos   Dec-12-08 10:50 AM   #1 
  - Don't know if this helps, but pie chart shows 8.4% is labor.  Fla Dem   Dec-12-08 10:53 AM   #2 
  - So, assuming the car sells for $15,000, the 8.4% labor cost is  old mark   Dec-12-08 11:16 AM   #4 
  - I'd Like To Know How Much Is Management Cost  lligrd   Dec-12-08 11:04 AM   #3 
  - I tried to calculate that a while back but it was actually pretty small.  ContinentalOp   Dec-12-08 11:23 AM   #5 
  - We need to be clear what "Management Cost" means  lelgt60   Dec-12-08 11:35 AM   #9 
  - Haven't found the information you're looking for, but did find this story.  sinkingfeeling   Dec-12-08 11:24 AM   #6 
  - It really shouldn't matter how the sausage is made.  nocaster   Dec-12-08 11:25 AM   #7 
     - True - but it matters if we can't sell the sausage profitably  lelgt60   Dec-12-08 11:30 AM   #8 
        - This is the premiss behind the bridge loan.  nocaster   Dec-12-08 11:39 AM   #10 
        - Are you sure it's due to legacy labor costs?  lelgt60   Dec-12-08 12:02 PM   #11 
           - I'm not positive,  nocaster   Dec-12-08 01:14 PM   #12 
        - The fact that US cars are cheaper than their equivalent Japanese counterparts...  JVS   Dec-12-08 01:18 PM   #13 
           - Yes - the demand side differential is due to executive decisions  lelgt60   Dec-12-08 02:26 PM   #14 
 

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC