Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Why putting the heat on US auto makers and the workers?

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: Presidential (Through Nov 2009) Donate to DU
 
LiberalFighter Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 09:00 PM
Original message
Why putting the heat on US auto makers and the workers?
Edited on Mon Dec-08-08 09:01 PM by LiberalFighter
Toyota exec seeks 40 billion euros from EU.

A senior vice president of Toyotas United Kingdom office strongly suggested that the European Commission consider an economic stimulus package that would include 40 billion euros in low-interest, short-term loans to aid the automakers in developing fuel-efficient vehicles for the future.

Graham Smith, speaking at the Society of Motor Manufacturers and Traders, said, At a time of economic uncertainty when budgets are stretched to capacity, we must ensure the industry continues to invest in the development of new products and innovative technology.

The European Investment Bank would provide the loans that will potentially be offered by the European Commission. The European Commission will meet today to consider the economic stimulus package.

40 billion euros is equivalent to 51.484 billion dollars.

Apparently at the time that they requested the loan it was worth 55 billion dollars.
Printer Friendly | Permalink |  | Top
doc03 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 09:07 PM
Response to Original message
1. Because for some reason everyone hates American
auto companies and Unions. The Japanese have subsidized their auto industry and protected them with trade barriers for decades.
Printer Friendly | Permalink |  | Top
 
LiberalFighter Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 09:47 PM
Response to Reply #1
2. Yep they can protect their auto companies but we can't protect ours.
Printer Friendly | Permalink |  | Top
 
neverforget Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 09:50 PM
Response to Reply #2
3. Yeah and Senators Shelby and Sessions protect the foreign
Edited on Mon Dec-08-08 09:51 PM by neverforget
car factories in their state of Alabama by threatening a filibuster to help American car companies. Who is pro-America now?
Printer Friendly | Permalink |  | Top
 
navarth Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 09:51 PM
Response to Original message
4. if Toyota ever asks us for help, I can't wait to hear Shelby's filth
I don't like that guy
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Thu Jul 31st 2014, 02:37 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) 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