Quote:
Originally Posted by grumpy
100 billion will not save them. No cars are sold. Why help a dead company. Let it go down. New ventures will start. Next generation cars wont come from Detroit but from Palo Alto.  |
Oh, one other thing. Cars are sold, just the numbers are falling off right now because the big 3 allowed themselves to fall in love with big SUVs and trucks. They convinced half the nation that they need a big SUV or truck when 95% of them don't and then they made those gas guzzlers and sold them in mass. Then gas went up to over $4.00 a gallon and those SUVs suddenly didn't look so great. Gas is cheaper now but most people feel it will be going back up so they are not buying the big cars anymore. Add into that the price tag (many of these cars are 35-40K and more) and people just can't or won't spend that much on a car right now.
So the perfect storm of high gas prices, a bad economy and their lack of vision in developing smaller more economical cars that could compete with the Honda's and Toyota's of the world put them in a very bad spot.