Utterly Amazing!
20 November 2008, 10:10 PM
#1
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Utterly Amazing!
GM, Ford and Chrysler fly in to the US congress to ask for Tax Payers money to bail them out.
Fair enough ..... but how did they get there??
They flew in their corporate priate jets!! I'm sure they couldn't see anything wrong!
We need this crisis to wake up these greedy executives to the real world!
GM, Ford and Chrysler act like AIG while asking for a handout - TECH.BLORGE.com
Fair enough ..... but how did they get there??
They flew in their corporate priate jets!! I'm sure they couldn't see anything wrong!
We need this crisis to wake up these greedy executives to the real world!
GM, Ford and Chrysler act like AIG while asking for a handout - TECH.BLORGE.com
21 November 2008, 09:19 AM
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21 November 2008, 10:08 AM
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Saw a clip on the news last night - had to chuckle when the car company bosses were asked if they would leave the corporate jet behind and fly home on economy to save money. Not one agreed 
21 November 2008, 11:41 AM
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As I keep saying in other threads...WHERE THE HECK HAS ALL THEIR MONEY GONE?????!!!!
As with the banks....allegedly we have been through a fantastically prosperous time both sides of the Atlantic buying houses ,lots of cars, TVs.holidays for nigh on 10 years.Everyone and his dog has a new car.I am very odd having a 4 year old one
So
1.Why aren't these companies loaded with all the cash they should have been stuffing in the banks
2.Why have the banks got no money despite everyone making shedloads(in theory)
3. Why can't the shops survive after making lots of hay too while the sun was shining?
Its doing my head in
.
As with the banks....allegedly we have been through a fantastically prosperous time both sides of the Atlantic buying houses ,lots of cars, TVs.holidays for nigh on 10 years.Everyone and his dog has a new car.I am very odd having a 4 year old one
So
1.Why aren't these companies loaded with all the cash they should have been stuffing in the banks
2.Why have the banks got no money despite everyone making shedloads(in theory)
3. Why can't the shops survive after making lots of hay too while the sun was shining?
Its doing my head in
.
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21 November 2008, 12:08 PM
#8
One of the big problems for them is the pension and health bill they face... something like 50 billion dollars for ex-employees.... this requires them to have massive cash-flow which can easily dry up, as they are seeing now
21 November 2008, 12:09 PM
#9
They have massive pension liabilities which is part of the problem, plus epic mis-management and the assumption that the good times will last forever, plus a very litigous society over there sueing for any little thing and getting massive payouts.
Corporate jets, ok , fair enough but to go cap in hand for tax dollars suggests massive arrogance and stupidity.
Corporate jets, ok , fair enough but to go cap in hand for tax dollars suggests massive arrogance and stupidity.
21 November 2008, 12:21 PM
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As I keep saying in other threads...WHERE THE HECK HAS ALL THEIR MONEY GONE?????!!!!
As with the banks....allegedly we have been through a fantastically prosperous time both sides of the Atlantic buying houses ,lots of cars, TVs.holidays for nigh on 10 years.Everyone and his dog has a new car.I am very odd having a 4 year old one
So
1.Why aren't these companies loaded with all the cash they should have been stuffing in the banks
2.Why have the banks got no money despite everyone making shedloads(in theory)
3. Why can't the shops survive after making lots of hay too while the sun was shining?
Its doing my head in .
As with the banks....allegedly we have been through a fantastically prosperous time both sides of the Atlantic buying houses ,lots of cars, TVs.holidays for nigh on 10 years.Everyone and his dog has a new car.I am very odd having a 4 year old one
So
1.Why aren't these companies loaded with all the cash they should have been stuffing in the banks
2.Why have the banks got no money despite everyone making shedloads(in theory)
3. Why can't the shops survive after making lots of hay too while the sun was shining?
Its doing my head in
.I think that may be part of the answer. or maybe it isn't. I'm no economist.
21 November 2008, 12:53 PM
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Just to give you an idea....
This is what i mentioned above
Photo Ford Motor Company Boeing 737-700 BBJ VP-BFE
Ford have a few of these that they fly around Europe on a daily basis. Often 90% empty. Not just for execs, anyone can book on them if they have a reason to travel. And that included going to the Cologne Christmas market, or to the beach in Valencia
Good times
This is what i mentioned above
Photo Ford Motor Company Boeing 737-700 BBJ VP-BFE
Ford have a few of these that they fly around Europe on a daily basis. Often 90% empty. Not just for execs, anyone can book on them if they have a reason to travel. And that included going to the Cologne Christmas market, or to the beach in Valencia
Good times
21 November 2008, 02:17 PM
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21 November 2008, 02:23 PM
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Just to give you an idea....
This is what i mentioned above
Photo Ford Motor Company Boeing 737-700 BBJ VP-BFE
Ford have a few of these that they fly around Europe on a daily basis. Often 90% empty. Not just for execs, anyone can book on them if they have a reason to travel. And that included going to the Cologne Christmas market, or to the beach in Valencia
Good times
This is what i mentioned above
Photo Ford Motor Company Boeing 737-700 BBJ VP-BFE
Ford have a few of these that they fly around Europe on a daily basis. Often 90% empty. Not just for execs, anyone can book on them if they have a reason to travel. And that included going to the Cologne Christmas market, or to the beach in Valencia
Good times
21 November 2008, 02:29 PM
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2. Who is this "everyone" making shedloads?
3. Why would shops sit on piles of cash?
21 November 2008, 02:57 PM
#17
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It was usually reported in the "good times" that the City of London were paying out bomuses in the region of 10's & 10's of billions of pounds
Last edited by hodgy0_2; 21 November 2008 at 02:59 PM.
21 November 2008, 04:29 PM
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Remember Ford Europe actually make profits year in year out. Ford America are losing $12b+ every year.
Also lack of producing fuel efficent cars over the coming years have resulted in them playing catch-up to European/Japanese manufacturers. No one wants a thirsty V8 anymore.
Ford could slash it's cost by closing plants and laying off workers. The Union's however have Fords hands tied though behing their backs.
Edit:
Also spending more money on designing an Ashtray for a new car than TVR spend designing all of it's cars has to be a reason too. The new Ka? Probably cost them Billions designing/developing it.
Last edited by stilover; 21 November 2008 at 04:33 PM.
21 November 2008, 04:41 PM
#20
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We need someone with uber photoshop skillz to add some Ford tiger stripes to that plane!
21 November 2008, 04:46 PM
#21
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i'm just waiting for these companies to be bought out by a Japanese company. ( know it will never happen )
but if it does happen then the first thing there going to do is restructure and shed loads of jobs, then the press, government and american people can all blame the Japanese who bought them out for the situation.
but if it does happen then the first thing there going to do is restructure and shed loads of jobs, then the press, government and american people can all blame the Japanese who bought them out for the situation.
21 November 2008, 04:48 PM
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As I keep saying in other threads...WHERE THE HECK HAS ALL THEIR MONEY GONE?????!!!!
As with the banks....allegedly we have been through a fantastically prosperous time both sides of the Atlantic buying houses ,lots of cars, TVs.holidays for nigh on 10 years.Everyone and his dog has a new car.I am very odd having a 4 year old one
So
1.Why aren't these companies loaded with all the cash they should have been stuffing in the banks
2.Why have the banks got no money despite everyone making shedloads(in theory)
3. Why can't the shops survive after making lots of hay too while the sun was shining?
Its doing my head in .
As with the banks....allegedly we have been through a fantastically prosperous time both sides of the Atlantic buying houses ,lots of cars, TVs.holidays for nigh on 10 years.Everyone and his dog has a new car.I am very odd having a 4 year old one
So
1.Why aren't these companies loaded with all the cash they should have been stuffing in the banks
2.Why have the banks got no money despite everyone making shedloads(in theory)
3. Why can't the shops survive after making lots of hay too while the sun was shining?
Its doing my head in
.1. Poor product
2. High Labour costs
3. Health Cover
4. Pension Funds
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