Discussing the auto industry’s struggles due to the credit crunch, with Mike Jackson, AutoNation chairman/CEO
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Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
Faced with the choice between changing one's mind and proving that there is no need to do so, almost everyone gets busy on the proof. —John Kenneth Galbraith
Knowing that the vote over the weekend in Greece was really a referendum on Euro membership, a majority of the Greek Parliament said yes to staying. European Finance Ministers meet again on Wednesday to solidify the 2nd bailout package for Greece at the same time hopefully a deal is consummated between Greece and its creditors this week. The Greek 14.5b euro bond that matures on March 20th is up by 2 pts. The optimism that all will be completed and contained AGAIN to Greece has yields lower in Portugal, Spain and Italy. The iTraxx Financial Index is also narrower by...
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November 12th, 2008 at 12:40 pm
Who whichever auto company goes BK first I’d buy from to support the US. I’m not happy with my Toyota.
November 12th, 2008 at 12:58 pm
I think the market is very close to out of sellers. With all funds on CNBC announcing heavy cash positions who’s left to sell?
This works well for my book but I think I’m onto something here.
November 12th, 2008 at 1:35 pm
Allocate “bailout” money to the “Pickens-Gore” plan for energy independence and infrastructure rebuilds. Give $25B to Tesla Motors and other startups. These industries will hire workers laid-off from other companies.
Don’t give our taxpayer money to the mismanagement morons in Detroit. “Give it” to ANYONE ELSE.
November 12th, 2008 at 2:08 pm
I’ve had Toyota’s for years, with no problems to speak of, except for the recalls (2 which didn’t cost me a thing). I have a T-100 that has 150,000 miles on it; same thing. This is the final nail that can be put in the union coffin if these legacy companies go bankrupt and break those contracts. The Big 3 didn’t care about pushing any designs that would help us in the future (limited petroleum resources cannot be denied), so why should they be bailed out now? This is a free market country that is becoming socialized and its a shame.