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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (501493)	8/6/2009 12:30:11 AM
From: tejek	Read Replies (1) \| Respond to of 1576829

And the reason? Because Obama didn't allow the Chapter 11 process to work which would have eliminated the inordinate labor costs and given these companies some chance of becoming profitable one day. Out the window. More Orly talk..........

To: i-node who wrote (501493)	8/6/2009 10:10:07 AM
From: combjelly	3 Recommendations Read Replies (1) \| Respond to of 1576829

"Not exactly. After all, GM and Chrysler are government automakers. It speaks to just what a mistake it was for the government to take over these companies. " GM and Chrysler had cars in the top 10. And both companies have taken steps since they filed for BK that go a long way to fixing their problems. The talk coming out of management is exactly the sort of thing that all 3 companies have needed to do for decades, but Ford is the only to have have started the process and, even then only recently with any consistency. And that is needed. Just look at the cars sold under the program. Despite the price of gas being fairly moderate by recent standards, virtually all of the cars sold were much more efficient than what is on the road right now. While the standards of the program meant that was going to be true anyway, the average wound up well north of what the program required. And that means that people are looking for something different than what they went for in the past. And that something different is, unfortunately, not what the car companies have been building. Being the big winner, Ford shows that there isn't a bias against American cars, just cars that don't fit the new criteria. So there is hope.