Archive for December, 2008
The Big 3 Bailout
Posted Dec 6th, 2008 7:13AM by Mike 
”I don’t really think of this as a bailout at all,” Ford CEO Alan Mulally told CBS’ The Early Show.
Then what exactly is it Mr. Mulally? For years the Big 3 in Detroit have operated under a certain ideology that seemed to almost stick it’s tongue out at the rest of the world and reality. The oil bubble loomed large on the horizon yet all you seemed to feed us was larger vehicles, larger price tags, and larger excuses on why. Ford released a 65 MPG turbo diesel in Europe but has stated that the vehicle will never make it to American shores, why not? Because they say the car is not economically viable to import. The main reason being the cost of the motor, which is built in the UK, and then the cost to ship it to the U.S. They then follow this up saying that the vehicle would cost around $26,000. Last I checked Toyota was doing well with the Prius in that range. Build what we want and need, not what you want. Building what you want isn’t doing that great with your sales down almost 47% in just the first nine months of this year. Are Detroit’s executives really that errogant and pompous. Build something we’ll buy and your sales will go up, keep building crap we don’t want and go out of business crying to Congress for money.
