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Tag Archives: chrysler

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Bailout Blues: The Big 3’s Shock Therapy

With the recent approval of a House bill to provide $14 billion, the Senate remains in question as to whether the American auto makers will get their BAILOUT anytime this week. With this money comes the inevitability of Federal oversight in the guise of a “car czar” that would handle how the money is spent. Another possible action is the immediate removal of the Big 3 CEOs to introduce some fresh blood. Despite the constant reinforcement of many car people like Lee Iaccoca, I have come to the conclusion that infusion of new CEOs into the American auto industry is probably the best thing that could happen. This conclusion hasn’t been rash as I’m completely against the bailout. Why should the Federal government pick winners and losers? Adam Smiths “Invisible Hand” has worked pretty well in cleaning out the failures of inept (ex. Enron, Delta, Adelphia and others) and despite the inevitable financial pain, the economic principals of “shock therapy” have proven themselves time and time again to be true. Suffer in the short term instead of languishing for the next 10-15 years with constant pain. Simply put, the quicker you get to the bottom, the sooner you’ll start to see growth again. So, with my complete support of letting the Big 3 suffer, how can I be for ousting Wagoner, Nardelli and Mulally? Read More »

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The Bailout, Coming This January

This about sums it all up, doesn’t it?

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UAW Looses Mind, Asks for GM Board Seat in Return for “Concessions”

The UAW is likely to seek a seat on General Motors Corp.’s board and expects the automaker to offer another round of hourly buyout and retirement incentives next year in the event the union grants concessions to help the automaker win federal loans. Read More »

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Automotive Crisis? A Tale Of Four Companies

Breaking news has Congress creating a tentative agreement between the US Government and the “Big 3” that allows $15 billion of available loans. An agreement reached between the White House and Congress posed that the money should come from $25 billion in loans previously approved to help the automakers retool for energy fuel efficient vehicles, rather than drawing the aid from the $700 billion Troubled Asset Relief Fund for struggling financial institutions. Does this mean at some future time the US Government will be asked for yet another $25 billion for the retooling? The Senate and House of Representatives have confirmed they will be meeting on Tuesday to vote on the deal and finalize the appropriation of money. In addition, this is only part of the money that has been asked for. In March, after President Elect Obama takes office, a meeting to determine if additional money will be granted will take place. Bus Parts Experts is an online bus parts store established by the Matthews Bus Alliance, Inc. family to provide a more accessible inventory of parts for all your bus needs and repairs. We have been in the Transportation Industry for over 45 years striving for excellence in customer service. Bus Parts Experts is designed to give customers the best price and availability for all online bus parts! There are different kinds of transit bus services. If you need expert advice our Bus Parts Experts can answer any questions you may haveWhile some services ply between places of work, others take passengers to the airport. A thriving business may even be made out of shuttling passengers to and from event venues. With the increased interest in tourism, some services aim only at addressing tourists who need to be taken to sight-seeing and shopping attractions. Some bus services only cater to schools and private institutions like churches and so on. Whichever model you choose to adopt, it is necessary to conduct a study of the area, the kind of service, the current demand, expansion necessities and the type of vehicle required. The key to success is to find out the most under-serviced niche in your area and market your own services aggressively. Transit buses may be of different sizes. They may be big or small depending on the passenger capacity needed. A bigger bus can bring in more revenue only if its full capacity is utilized regularly. Otherwise, a behemoth could simply be a drain on your resources. If you are looking for used buses, it is important to know more about used buses before you buy. For instance, some models quickly go out of vogue and investing in such models could be disastrous, particularly when you need spare parts which are no longer available in the market. When buying a used bus, you need to have the vehicle inspected by a reliable and skilled mechanic. This ensures that you do not end up with a vehicle that drinks money on repair and maintenance. Finally, always make your purchase from a reliable, trusted and established source. This ensures high quality of service and good value for money. Read More »