Comments on: Auto Companies Asking for More Money By: Jake Kuss

By: mwettje

mwettje — Sat, 06 Dec 2008 21:38:17 +0000

I feel that these auto companies need to first worry about saving money for themselves before asking others. This includes not going on unneccessary lavish company getaways, not owning multiple private jets, and sorting out the people who they should be paying insurance for and the people who they shouldn’t. However, judging from the way that things are going, it looks like they will receive some type of bailout.

By: brianhubbell

brianhubbell — Thu, 04 Dec 2008 14:18:31 +0000

I agree with a lot of the comments here. I dont think the US should be bailing out these auto makers when, even in the past, they have not done well. GM has been having troubles for quite sometime now, and ford has never been the model car company either. I think the US shouldnt dump money into these companies when theyre doing so poorly.

By: huali22

huali22 — Thu, 04 Dec 2008 05:37:12 +0000

I don’t know whether the U.S. government should give more money to GM since GM is always doing badly for the previous years. I think GM should come up with their own plan on how to improve the products (cars) to compete with foreign automakers. I think government gave enough support to GM over the past years, so it is un-necessary for GM to receive more support from the government.

By: michaelmcardle

michaelmcardle — Thu, 04 Dec 2008 01:51:23 +0000

Foreign automakers continue to gain marketshare as American companies go under. By just driving down West Genesee Street or Erie Boulevard, you can see the changing landscape of auto dealerships being dominated by foreign companies. I would like to see a bailout for American companies to remain competitive.

By: patricksullivan

patricksullivan — Wed, 03 Dec 2008 20:31:15 +0000

I don’t think its a good idea to pump more money into companies that are rapidly losing money until they actually present a plan as to how this additional capital will turn their business around. Also I dont believe they should all be saved. One or two will have to go under.