I hope so. That way, the Chinese can clean up this UAW mess.

Actually it would be much easier if they just endorsed their checks from Walmart...

Rick
#4 2006

How ironic, indeed.

Let's hope they'll take the Hummer with them while at it...

I don't think anyone's stupid enough to buy Hummer. They'll probably unload it as an add-on to a deal. (We'll sell you "this" but you have to buy Hummer too.)

Or maybe give away Hummer as a dealer incentive!

Hummer was giving away a segway for every 2 H2 bought...

I wouldn't call it an insult at all - the Big 3 makers should be eternally grateful that someone would want to buy the plants that make the POS they produce today.
Ironically too, IF this happened, just watch the quality improvements in those cars increase, the cost come down, the profits go up and new innovative up to date designs come out every year.

Don't under estimate the Chinese. I work with them every day, stupid they are not....if Western workers had the same work ethic as they do, crap cars would have been a thing of the past.

I was watching the testimony on Capitol Hill today... wow, those CEO's are a sorry lot. Cry me a river of crocodile tears.

I've been watching it for two days. Why do you say that?

Wow ! You were actually sat on the Hill watching this open air drama taking place ? -- sorry, wrong thread, looking for Heroes website

If you were a couple of years short of a huge pension, you also would cry the biggest river to make sure you were still on board by then, or am I just cynical ?

No doubt. China used to be derided as the place where all the shoddy goods come from. One definitely have to respect how far they have come, considering that precisely-manufactured things like computer parts comes from China today.

What we need to worry about is that these foreign entities are not looking after our best interests. That is why every time I hear things like Prince Ali Binwaleed is going to buy more Citigroup or the Chinese Sovereign Wealth Funds are going to buy up GM or Chrysler, it leaves me wondering just how much control the American people really have over their own destiny.

We still have control, just stop the boats coming and the money leaving. It really is pretty simple. what are they going to do declare a trade war with us? At least then it would all be out in the open. Last year we were on the short end of the trade stick to the tune of around $256 billion on gross trade of $380 billion. We exported $65 billlion and imported $321 billion.

Easier said than done, of course. Ours is a consumer society that has no stomach for saving. That won't change overnight.

Or are you proposing erecting "protectionist" measures to stop them boats from coming in?

Not that simple at all. Look at what's coming from China-- American-branded products like Apple I-Phones, HP laptops, and such. Those U.S. Companies and domestic interests who depend on overseas manufacturing will not allow it.

It's not only cars. You will have a very tough time persuading any American consumer who is accustomed to all the choices offered in the marketplace to give that up.

That can be adjusted fairly easily, it is getting to be about the survival of the US as we know it.

I applaud your optimism. However, it's taken us many decades to get into this mess. We won't be able to extricate ourselves so easily or quickly.

I'm rather puzzled by what unspecified things Malorn thinks is "fairly easy" to adjust, since there is certainly nothing easy about the current crisis.

Nevertheless, I'm sure the U.S. Government will have a say on whether or not they will permit the Chinese to buy up GM or Chrysler. The last time the Chinese tried to buy up a major U.S. Company (ConocoPhilips a few years ago), it did not go through. Then again, we did allow Daimler to buy Chrysler, and they certainly demonstrated they did not have Chrysler's best interests at heart. It's looking more likely that Chap11 might be the only way forward.