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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
DainBramaged Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-14-08 02:02 AM
Response to Reply #5
7. (sigh)
Until GM decides to contract, and that takes a couple of years if it does occur, they need two billion dollars a month under the current sales climate to keep the doors open, or IF the banks tomorrow, began offering auto loans to people with credit scores under 700, the crisis would be alleviated, but they have become stupid in their struggle to make us, everyday people, pay for their greed and dishonesty.

People so often think this is such a simple deal, but one perfect example; Toyota, for the FIRST time in their history, is offering zero percent financing (their "saved by zero" commercial is offensive, ask me why, IF you are not a student of WWII and can't figure it out, even though they didn't make any zeros)which is being financed by the Japanese government/banks, because their profit predictions for the year have been slashed 70% to 5 billion US dollars. WHY you may ask the Bramaged one? Because their trucks and SUvs aren't selling. And those are the vehicles they make profit on, just like GM.

If you don't believe me, you can easily find out what I know spending a few hours with our pal Google.
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