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The Chip Board Archive 18

Excellent analysis and accurate
In Response To: Bailout No. Loan ??? ()

Although one point is that most tooling has already been in use for several years and is "paid for" by now. Of course future designs will need to be worked out. One other point that I have not seen made is the fact that the union wages only account for 10% of the total cost of the car. And don't forget that Chrysler not only paid back their bailout loan with interest but did it before it was due. The auto companies may be run by idiots but they are such cash cows when the economy is good that it doesn't matter.

Messages In This Thread

Yes cars and the auto industry again
Re: Yes cars and the auto industry again
Bailout No. Loan ???
What a labyrinth business pratices....
Excellent analysis and accurate
Re: Yes cars and the auto industry again
Well said Steve both the union
Re: Yes cars and the auto industry again
You already bought a foreign car.
Most Ford, Lincoln & Mercury's in showrooms...
Exactly my point. They are all "world" cars now.

Copyright 2022 David Spragg