Cspan Senate Banking Hearings: Automakers

The Big 3 and UAW are back on capitol hill today, Begging.

- Senate Banking Hearings: Automakers CSPAN.ORG

- UAW made an obvious but strong point about the lack of oversight or guarantees of T.A.R.P.

"If the government could provide a blank check to Wall Street, then the government should be able to provide a bridge loan to the automakers."
Ron Gettelfinger

- Once again Chrysler has nothing to offer. Robert Nardelli their C.E.O made a point to say that all Chrysler vehicles will increase in fuel efficiency from the 2008 to 2009 model year.

As opposed to coming out with the same model every year, just charging the consumers more. That is essentially admitting to fraud by the automakers, if all they were doing is changing badges on the cars and paperwork. Chrysler needs to go, they are a company that has historically lacked vision and creativity. How hard is it to ask the automakers to fire ineffective people.

- Ford really sounds like they try harder than any other automakers in their business plan, and in their proactive reorganization plan that was implemented before this most recent economic downturn.