Bailout the Big Three with People Power
I have some final thoughts about the big three bailout. President George Bush stepped in and awarded a $17.4 billion dollar bridge loan to Chrysler and General Motors. Ford stated that they would like a $9 billion dollar line of credit, but this was declined, because Ford should have enough money to get through the first quarter of 2009. Kudos to Ford Motor Company for being in better financial conditions than the other two.
Save the Big Three
So this bridge loan should hold both failing American car manufacturers over until February 2009. This will also allow the new administration to analyze the situation before further actions are taken. But my two phase plan could solve the problem before the end of 2009 and no further Government action would be required. Please hear me out and leave your comments below!
The power of people
A missing piece of the puzzle that I do believe would be helpful is the appointment of a car Czar. I’m not looking for a government official with no automotive experience to take over this position. In fact, there is one candidate that is uniquely qualified for this position. Ladies and gentlemen, I present to you, Lee Iaccoca. This temporary position would be perfect for this retired, but respected automotive executive. I am sure with the right monetary motivation He could be convinced to take the short-term position.
And yes, you could dream about a hybrid powered Kcar rolling out in the United States automotive market by early 2010. And for those younger car buyers, I’m sure we can get a Carroll Shelby Limited Edition turbo hybrid Kcar for them as well. Lee Iaccoca and Carroll Shelby have a long and successful history together. This reunion could jump start the American car economy all by itself. Never under estimate the power of people.
Celebrities for American cars
My second people powered idea for stopping the big three from requesting more money from taxpayers is to assure their success by exploding sales in 2009. I don’t know why this has been overlooked completely. Read more
Toyota parts now made in the U.S.
Toyota parts now made in the United States? Many of us already know that Toyota Corporation builds many popular car models inside the United States. This is not a new development, as in many import car companies are manufacturing vehicles in the United States for many reasons.
The bottom line is that the car manufacturer will have increased profits on vehicles sold and manufactured inside the United States as opposed to vehicles that are built and imported from foreign countries. This is mainly due to high shipping costs and heavy import taxes.
But what I didn’t understand was where the parts came from. I was under the impression that the parts were manufactured in Japan, and then shipped to the United States for assembly. This is only a half-truth.
My investigation of Toyota parts!
My girlfriend has a 2002 Toyota Corolla. It was time to replace the original serpentine drive belt on her vehicle, due to heavy cracking of the now six-year-old belt. After being very disappointed with the quality of the after market dayco belt I decided to buy a factory original Toyota part. I expected this part, to have come from Japan. When the parts counter man handed me the belt, I was pleasantly surprised by the overall thickness and quality of this factory original part.
The belt was packaged in a sleeve that indicated it was a genuine Toyota part. And even included Japanese writing on it. But on the belt itself, it said made in the USA. I was blown away and asked Read more
