Quote:

Q: (for those that think this plan would work) How much is 40,000,000 x 1,000,000?



Exactly.

Forget not that the car companies troubles - all of them, foreign and domestic - are primarily due to a business model that depends on customers that use credit to buy the products.

When 40% of the customers go away nearly overnight (that's what happened in less than a 6 month time frame with the elimination of the credit markets for those 40% of customers), then NO business can really sustain itself.

I don't care who runs those car companies - they won't figure out a way around that fact. The CEOs of the banks are the ones who should be answering questions in Washington, not the bosses of the big 3.

Who here can buy any new car on a cash basis without a major upset to your current budget?

That's what I thought - very likely less than 5% of the readers of this forum could do just that.

If the credit market doesn't turn around soon, watch your beloved Japanese car companies come tumbling down as well. They have some cash reserves, but they will not last long.

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