No, if they fail, its their fault. Business is tough.
Yes, hopefully they can turn things around with help.
Part of any economic cycle in capitalism is recession or failing of businesses. It needs to happen once in a while for restabilization.
Don't bail anyone out. Handup, maybe. Handout, never.
One issue that I can't get completely onboard with is the big 3 quality. One of my customers is a Honda ASE certified tech and teacher. He told me that one of the main reasons that Honda, Toyota etc. have gained such good reputations is preventative maintenance. They've always promoted it with mailers and people follow it. He also told me that he didn't know why but people that buy Ford, Chevy, Dodge will not do it. And the results show it.
I had a relative that had a Chevrolet Celebrity that followed the maintenance to the letter and had no problems. Engine or transmission either. They sold it with over 300,000 miles.
Another friend had a Chevrolet Cavalier from the 90's that they maintained like the Japanese cars and they never had any problems whatsoever for the 150,000+ miles they had it. And they would still be driving it if someone didn't sideswipe them & total it.
I know a contractor that has 1 Chevrolet pickup with 300,000+miles and another with 200,000+miles. Same engines & normal wear.
Several other people near me with Ford pickups & Taurus' that won't die & overall perform well.
I bought a Toyota truck from a friend that needed to sell it. He bought it new. I knew exactly where he drove and how he drove it. It had about 130,000 highway miles on it. And they were truly highway miles. (By the way, all engines should have hour meters to tell true wear) So is 130,000 highway miles like 90,000 regular miles???
Anyway, within 5,000 miles of purchase the rear main seal started leaking profusely. Had that repaired and while the trannys dropped replaced clutch & anything that moves. Headgaskets replaced. This WAS warranty but still a MAJOR defect. Replaced A/C system. It has always burned some oil and now more. (Over 200,000 miles now) Exhaust is falling apart. Engine power is anemic and your azz is sitting on the floor by design. Replaced two clutch master cylinders. Oxygen sensor. And it has needed a VSV since I bought it. Luckily I bought it cheap.
Another relative has a later model Toyota Camry. Do a search for oil gelling in Toyota Camry's engines. Also the !#$#? check engine light affiliated with a completely overly sensitive EGR system.
There are other defects if you look & ask around. Every manufacturer has a weak point somewhere.
The Big 3 made some real crap in my opinion in the 70's,80's & early 90's while there foreign competition was building a foundation for what they have become today. Now their quality is close and in some cases maybe better but people were so burned that they still bash them. It's there (The Big 3) fault too.
The last J.D. Power rankings I read had Buick and Lexus about even in quality. It's hard to trust J.D. or other studies like this though because people have a tendency to skew the statistics with their emotions. Even publications like Consumer Reports & Car & Driver do it.
Another thing that's funny to me is that Mercedes, Audi, BMW have been some of the most problematic brands that you can buy not only from what I've read but from those I know that own them.
Everyone can find a bad story about 1 company or the other. But my point is I would consider a Ford or Chevy pickup for purchase evenly with a Toyota.
wihtout seeing a big change.
Good post JC! I especially like this:True words, but nobody wants to admit it. They all cry when a recession happens, as if the economy can just magically grow and flourish indefinitely.Part of any economic cycle in capitalism is recession or failing of businesses. It needs to happen once in a while for restabilization.
The workers of the big three are not to blame for the poor quality cars being produced. It's the engineers and designers. The workers are simply making cars built to specs. If the specs are met and you still have quality issues the table is turned to the engineers who set the specs.
I've been saying from day 1 I've been here that toyota was going to be the best auto manufactor. I've been to a lot of 3rd world countries and can say with 100% certainty that the #1 car is either Toyota Hilux or land cruiser. These nations don't represent a large purchase demographic but their choice of vehicles does show what lasts with very little money put towards maintence. This is the biggest reason why Toyota is the #1 manufactor right now(among other things).
The only thing I would support giving money to the big 3 is if 100% of that money was used to re train their laid off employees so they can find another job after theyre laid off. It's going to be painfull but we're going to have large unemployed, skilled work force that, can and want, to work but need to be retrained.
Ever thought how many employees could be employed with the salary of 1 CEO?
Buy cheap, buy twice.
This may sound drastic... But....
Make all the high paid CEO's step down, turn the business over to the employees to restructure and start from scratch!
Sell all the corporate jets and limos that they showed up in yesterday in Washington... begging for bail-out money. end the execitive bonus structure, put an end to execitive vacations and perks and put that money towards the bail out.