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Old 01-02-2014, 11:38 AM   #1
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Ford and GM the last two

Well now there are only two American car company's left.

Fiat to buy full control of Chrysler - Jan. 1, 2014
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Old 01-02-2014, 07:42 PM   #2
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Well now there are only two American car company's left.

Fiat to buy full control of Chrysler - Jan. 1, 2014
I would say there's only one US founded and based, but global "Company" left; Ford.

GM is now controlled by Union and Government and that makes it not a company but a [insert name here you lookup on google that describes government/union controlled factories]

Folks have been calling it Government Motors.
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Old 01-02-2014, 07:51 PM   #3
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Looks like 1.3 Billion of that "available buy out money" came from US taxpayers in 2011? MIght be? You be the Judge.

Taxpayers lose $1.3 billion as govt. exits Chrysler - Jul. 21, 2011
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Old 01-02-2014, 08:04 PM   #4
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I would say there's only one US founded and based, but global "Company" left; Ford.



GM is now controlled by Union and Government and that makes it not a company but a [insert name here you lookup on google that describes government/union controlled factories]



Folks have been calling it Government Motors.

The gov sold the last shares of GM recently, it's now fully independent again.
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Old 01-02-2014, 08:06 PM   #5
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Originally Posted by ArtU View Post
I would say there's only one US founded and based, but global "Company" left; Ford.

GM is now controlled by Union and Government and that makes it not a company but a [insert name here you lookup on google that describes government/union controlled factories]

Folks have been calling it Government Motors.
Part correct and part incorrect.

The Government sold back the rest of its shares to GM, it no longer has any investment in the company.
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Old 01-02-2014, 08:06 PM   #6
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Part correct and part incorrect.



The Government sold back the rest of its shares to GM, it no longer has any investment in the company.

I just stated that
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Old 01-02-2014, 08:10 PM   #7
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I just stated that
Yes I saw that. But I still wanted to give my take.
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Old 01-02-2014, 08:20 PM   #8
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Part correct and part incorrect.

The Government sold back the rest of its shares to GM, it no longer has any investment in the company.
Did the unions sell their given shares back that the Government took from the shareholders of old GM? [Ex GM shareholders can tell you about that ripoff]
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Old 01-02-2014, 08:23 PM   #9
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What i've heard is that they've sold everything the owned of GM.
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Old 01-02-2014, 08:38 PM   #10
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They sold them back, but the government has eaten a considerable loss on these shares. Then again, there was never any hope to find profit from this endeavour. A bail out is a bail out. It's hard to say right now how important this move was. Maybe 25 years down the road we'll be able to see some clearer benefits. The car industry is a very important part of North America's fragile job Eco system. I used to live just 15 minutes away from the GM plant that produced the f body camaros and firebirds. I was just a kid at the time it was closing down, but I remember the eerie view from my dad's mercury as we drove by on the highway. All the new camaros and firebirds that had, days before, crowded the lot were now gone. It remained empty until the factory was demolished. Thousands of people lost their jobs. Some of my friends parents went through hard times and some never recovered. To most of us, that year is just a milestone for the mustang and the SVT car that earned its first solid victory over GM, but it's funny to think that it affected more than just bragging rights.

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The last f body camaro assembled in Ste-Thérese , Quebec (Canada).
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Old 01-02-2014, 08:40 PM   #11
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Originally Posted by Soccerluvr4 View Post
Yes I saw that. But I still wanted to give my take.

Ok.
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Old 01-02-2014, 09:01 PM   #12
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Haha Ik this is irrelevant but every time I think of GM and the government, the funniest image comes to my mind
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Old 01-02-2014, 09:27 PM   #13
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"90% of the cars FIAT ever produced are still on the road...

The rest made it home, somehow..."

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Old 01-02-2014, 11:02 PM   #14
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"90% of the cars FIAT ever produced are still on the road...

The rest made it home, somehow..."

Ha! Just what I thought when Fiat bought chrysler. Nothing like the least reliable car company in the US that went bust twice being bought by one of the least reliable car companies in Europe ready to bust, themselves.
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Old 01-03-2014, 07:13 AM   #15
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FIAT

Fix
It
Again
Tony

JEEP
Just
Everybody
Else's
Parts
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Old 01-03-2014, 09:27 AM   #16
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Chrysler was owned by Diamler in the 90s too so nothing really changes. Socialist Motors was sold back at a $40 billion loss IIRC. Ford did take a lot of assistance but it was not technically a "bailout". They also secured a large line of credit on their own merit and have done amazingly well since.

Honestly Ford is the only American auto maker worth two ****s. At least a lot of the foreign owned brands have manufacturing right here in America. IIRC a lot of Kias and Hyundais and some Hondas are made here. Its getting cheaper to move the manufacturing here than it is to pay to ship all those cars over on the big transport ships with rising fuel costs. Although that might start to come back down with all the eco stuffs happening in the shipping industry.
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Old 01-03-2014, 10:23 AM   #17
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We all know and love how great Obama care is and works

This is going to be just as good for our country:
President Obama's proposed Transatlantic Trade and investment partnership (TTIP)
I'm thinking this will be as good as N.A.F.T.A. was when Clinton put it to good use to send most of our industry to Mexico and Canada. How great did that work out for American jobs????

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Old 01-03-2014, 12:14 PM   #18
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...<snip>
Honestly Ford is the only American auto maker worth two ****s. ...<sniped>
+1 ^^^
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Old 01-03-2014, 06:36 PM   #19
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Well now there are only two American car company's left.

Fiat to buy full control of Chrysler - Jan. 1, 2014
you might want to check that list again;

AC Propulsion - Wikipedia, the free encyclopedia

Studebaker Avanti - Wikipedia, the free encyclopedia

Commuter Cars - Wikipedia, the free encyclopedia

About Panoz | Panoz

Tesla Motors | Premium Electric Vehicles

here is a list of even more, some are just tuners, others are actual manufacturers;

List of automobile manufacturers of the United States - Wikipedia, the free encyclopedia
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Old 01-04-2014, 07:32 AM   #20
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In some ways Chevy is doing some decent work. They are actually improving, slowly, rather than chrysler. I am not a fan of Hyundai, KIA, or chrysler. But Hyundai and KIA have been working hard to improve, modify, and do better- while chrysler just does the same things over and over, expecting different results. Their only new move, going for an urban image with Dr. Dre beats installed, Eminem rapping on commercials, and "Imported from Detroit" seems like a real plan to bring in smart customers who will be loyal.

RIGHT lol

As I've said for years, the only people buying chryslers are people who are not looking at any other cars.
A. chrysler employee discount
B. People who want the same thing from the past (have you ever noticed the only people driving challengers are over 60 years old? Lol)
C. People who don't care about cars or have a strong knowledge base, and just bought what was there.
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Old 01-04-2014, 09:17 AM   #21
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These all might be car company's but I referring to the Big Three the rest of these are so small or moving off shore or in bankrupt.
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