Big three automakers craft plans for resurrection of Detroit; Pelosi: Automaker bankruptcy ‘not an option’; GM, Ford sales tank in November as economy stalls; Analysis by Rep. Scott Garrett, (R) New Jersey
December 04, 2008
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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December 4th, 2008 at 6:37 pm
Not just the big three are hit in the November numbers.
Monthly November Sales
———————-
Ford -31%
Honda -32%
Toyota -34%
GM -41%
Nissan -42%
Chrysler -47%
December 4th, 2008 at 8:45 pm
Politically, after all the money that has been poured into Wall Street, how can they not?
I was listening to the hearings earlier wishing one of the “Big 3″ CEOs would ask:
“If we move our headquarters to Wall Street we’ll be a shoe in, right?”
December 4th, 2008 at 10:44 pm
Assuming a bailout, if any auto company misses it’s targets, the senators who approved that legislation should resign. The rationale is that Congess is playing with American taxpayer money and should also be held accountable.