Guest lazyphil Posted December 13, 2008 Report Share Posted December 13, 2008 oh, ok thanks mekong. Link to comment Share on other sites More sharing options...
kamui Posted December 13, 2008 Report Share Posted December 13, 2008 ok i've been meaning to ask for ages--what does gop stand for? Grand Old Party This is from Answers.com: Gatecrash Our Party Give Out Patronage Give Out Pork Gnomes Of Power Good Old Plutocracy Got Other Priorities Grand Old Package Grand Old Plutocrats Grand Old Politics Grand Old Porkers Great Opportunities For Profits Greed Over Patriotism Greed Over People Greedy Obsessive Pigs Greedy Oligarchic Power Greedy Oppressive Phonies Grimy Ol' Pirates Gross Operating Profit Ground Out Privacy Grumpy Old Patriarchs Guns Over People :content: Link to comment Share on other sites More sharing options...
teddy Posted December 13, 2008 Report Share Posted December 13, 2008 I thought it stood for Gay Old Poopyholepokers Link to comment Share on other sites More sharing options...
elef Posted December 13, 2008 Report Share Posted December 13, 2008 GM and Chrysler will probably ask for Chapter 11 before christmas, Ford in middle of january. The solution will probably be that a new united american car company will be formed with the best factories some months later. Rest of factories will be sold to chinese, japanese and korean companies for 1 dollar each. Workers must accept maybe 30 % lower salaries. Retired workers will lose their pensions. Link to comment Share on other sites More sharing options...
Bangkoktraveler Posted December 13, 2008 Report Share Posted December 13, 2008 GM and Chrysler will probably ask for Chapter 11 before christmas, Ford in middle of january. The solution will probably be that a new united american car company will be formed with the best factories some months later. Rest of factories will be sold to chinese, japanese and korean companies for 1 dollar each. Workers must accept maybe 30 % lower salaries. Retired workers will lose their pensions. Sales for companies such as Toyota are down 35%. When the big 3 bite the dust, some of the foreign car makers who have plants in the USA may have to step up to the plate and take their turn, a domino effect. Link to comment Share on other sites More sharing options...
kamui Posted December 13, 2008 Report Share Posted December 13, 2008 GM and Chrysler will probably ask for Chapter 11 before christmas' date=' Ford in middle of january. The solution will probably be that a new united american car company will be formed with the best factories some months later. Rest of factories will be sold to chinese, japanese and korean companies for 1 dollar each. Workers must accept maybe 30 % lower salaries. Retired workers will lose their pensions.[/quote'] Sales for companies such as Toyota are down 35%. When the big 3 bite the dust, some of the foreign car makers who have plants in the USA may have to step up to the plate and take their turn, a domino effect. Which also means that probably a third or more of the car dealerships will go bust, as well as the large chunks of the auto industry suppliers. Not to count the brain drain of a former US core industry. Do you remember the horror stories in the US media and by 'concerned' politicans that Japan will take over the US economy (and Hollywood) and the associated "buy American" campaing? Now Toyota et al will get the US market for free. So much for "the land of the free and the home of the brave." Link to comment Share on other sites More sharing options...
Guest lazyphil Posted December 13, 2008 Report Share Posted December 13, 2008 if ford go down does it affect ford around the world, i assume so. and opel and vauxhall/GM.....they go down with GM USA?.......saab use GM engines/chassis, they suffer too? Link to comment Share on other sites More sharing options...
teddy Posted December 13, 2008 Report Share Posted December 13, 2008 GM own Buick, Cadillac, Chevrolet, GM Daewoo, GMC, Holden, Hummer, Opel, Pontiac, Saab, Saturn, Vauxhall, and Wuling Ford own Lincoln, Mercury and Volvo One fecking big mess to clear up. Link to comment Share on other sites More sharing options...
drogon Posted December 13, 2008 Author Report Share Posted December 13, 2008 Yes one big mess...strange how some companies bought many other even recently and now they basically say: " we are short on cash".. Link to comment Share on other sites More sharing options...
HeartThais Posted December 13, 2008 Report Share Posted December 13, 2008 I'm surprised no one has brought up Chrysler and their ownership by Cerberus, the private equity group. Cerberus has spent about 7mil on lobbying for the bailout. They also have deep pockets being one of the largest and most well-connected pe groups around. By their actions, they are saying that Chrysler's car business won't be able to be turned around in the 3-5 year timeframe that most PE firms look for. They are basically going to take Chrysler Financial and signaling their willingness to dump the manufacturing part. If professional insiders with full access to Chrysler's books and future strategies aren't willing to invest, why should the public? Link to comment Share on other sites More sharing options...
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