Corporate welfare is not sustainable either, but here we are Trillions and Trillions of dollars printed just for them in the last 4 decades!
Corporate welfare is not sustainable either, but here we are Trillions and Trillions of dollars printed just for them in the last 4 decades!
There are a few more headwinds that needed to be added to the auto industry’s troubles, especially GM, Ford and to a lesser extend Chrysler.
“What Is Ford To Do?” - It’s going to be less up to them as to what to do, since they are so weak. The Magic 8 Ball says, VW should buy them and put them out of their misery!
Newsflash: “NYC ain’t never gonna fix the subways, nope, not gonna happen”
Car companies are the wrong companies to be pitching EVs :-)
Everything GM touches, dies.
The auto loan industry was a total shyte show before Covid-19, it’s going to be an absolute shute show once the dust settles.
Unless the government covers their losses (i.e., socializing their losses), then they will stuff their books with losses. Not the first time this has happened in the US.
Ford ain’t going to return to 10, my prediction, Ford will declare bankruptcy in 2020 or it will be sold (either way the Ford family will lose their 2% stock ownership that gives the 40% majority control).
Race In Peace Sir Stirling, RIP.
This is an incorrect statement as it gives us Americans far too much credit (pun intended) “America Instantly Collapses When We Can’t Buy New Cars”.
Stupid fucking idiots will be stupid fucking idiots, rich stupid fucking idiots like Benji Chen end up on Instagram.............. LOL. What a douche!
You mean like the way GE, Apple, AT&T, GM, Ford, blah, blah pay taxes or like the way working stiffs like you and I that actually pay taxes?
Who do you think owns Panama, Bahamas and Bermuda? The same rich folk that own the economy. One way or the other they will get paid, even if it means get investors to invest in the companies and then declare bankruptcy and start again............. rinse and repeat type of scams here.
$20 says we will see a bunch of oil tankers crashing and/or sinking to collect the insurance money.
LMAO. That was funny! I needed a good laugh, thanks.
and they say ‘merica is not a house of cards..............
Florida being Florida again :-)
“Taxpayers Can Expect To Pay At Least $100 Billion to Bailout the Car Companies” — I fixed the title for ya.
Cash for clunkers is another corporate bailout!!!!!!!! These companies under the brilliant idiocracy of the republican party have really institutionalized the privatization of profits and the socialization of losses. Fuck them, let them go under!