Showing posts with label Chrysler. Show all posts
Showing posts with label Chrysler. Show all posts

Sunday, October 03, 2010

More Evidence of "Failure"

Ford and Chrysler have reported huge sales gains in September further demonstrating the "failure" of President Obama and the Democrats' economic policies.

Ford reported sales up 46 percent from one year ago and Chrysler reported a 61 percent rise in sales. In fact, from September 2009 to September 2010, sales of 10 Chrysler models rose 95 percent. GM also saw a modest rise of 10.5 percent (or 22 percent if you don't count the four brands GM sold off or discontinued). Sales also rose for Honda, Toyota, Subaru, and Volkswagen.

I was under the impression that the anti colonial Kenyan was destroying business. Guess he's doing a pretty terrible job of it!

Tuesday, August 31, 2010

Take a look at this video that was sent to me a while back.

So, let's see if I have this right...Detroit sucks because it's run by leftists and entitlements. And Mr. Crowder would like to know how that is working out?

Apparently, better than he wants to say in this video.

Jobs are growing. Factory workers are anticipating their first healthy profit-sharing checks in years. Sales are rebounding, with the Commerce Department reporting Friday that automobiles were a bright spot in July’s mostly disappointing retail sales.

What? Really?

The improving mood here reflects real changes in how Detroit is doing business — and a growing sense that the changes are turning the Big Three around, according to industry executives and analysts tracking the recovery.

Certainly they have a long way to go. But here are the facts.

Ford made more money in the first six months of this year than in the previous five years combined. G.M. is profitable and preparing for one of the biggest public stock offerings in American history Even Chrysler, the automaker thought least likely to survive the recession, is hiring new workers.

GM? Don't you mean "Government Motors?" It was my understanding from my colleagues on the right that this was destined to fail. And yet we have this news.

GM said Thursday that it made $1.3 billion from April through June, its second straight quarter in the black and a complete reversal from last year, when it was forced into bankruptcy and the U.S. government took a majority stake.

The federal government got a 61 percent stake in GM in exchange for $43 billion in aid to keep it alive. It could sell some or all of that when GM makes its public stock offering perhaps as early as November.

The proof is emerging in dealer showrooms, where customers are buying more of Detroit’s cars and paying higher prices. In July, G.M., Ford and Chrysler sold their vehicles at an average price of $30,400 — $1,350 more than a year ago and higher than an overall industry gain of $1,100, according to the auto research Web site

But why is all this happening?

Many of the excesses of the past — overproduction, bloated vehicle lineups, expensive rebates — are gone. All three carmakers have shed workers, plants and brands. And a new breed of top management — the three chief executives are outsiders to Detroit, as is the newly named G.M. chief executive — says it is determined to keep the Big Three lean, agile and focused on building better cars that earn a profit.

And this was all done at the behest of the government...a supposedly socialist one who is now poised to sell back their shares and let the big three continue on their merry capitalist way.

Of course, the image isn't completely rosy and they do have a long way to go but it certainly is working out much better than Crowder's heavily biased and over generalized piece makes it out to be. Just as FDR told GM to turn out a plane an hour, President Obama told them to restructure their companies to be more profitable.

It's like I've been saying all along. He's not a socialist...he's trying to save capitalism.