GM Numbers: $6 billion, 621 and 0%

Get ready for the $15 billion every quarter that will be needed to support GM and Chrysler (and the UAW) in the style to which they would like to become accustomed.

My credit score will enable me to qualify but I want to see lower prices, much lower prices like 35@ of MSRP. Let's see deals like retailers are making and then we will see some sales.

When it's all said and done the desperate three will either become quasi government like Fannie/Freddie or government will have given 150 billion of our money over the next year or two (or another option will be both happen....we give over 100 billion dollars and then the companies become federalized).

Don't forget,that 0% financing is only obtainable by paying a hefty down payment at signing.Most will not get the 0%,since most don't have any "real" money in hand.The one's with the credit scores around 621,will be the first to fall for this tactic though.0% has always been just a tool to dupe consumers into coming in.

"My credit score will enable me to qualify but I want to see lower prices, much lower prices like 35@ of MSRP. Let’s see deals like retailers are making and then we will see" I agree with this 100%, give us a real deal not loan scam to sell product.

no money down is needed at all to get 0% financing. in fact, if this promotion is like any of their prior ones you probably only need a 650 credit score to get the 0% with no money down(as long as you don't plan to finance a negative balance from a previous loan into the purchase)

The party is over and everyone better find their own ride home. The big three are so far beyond repair that to me the only sensible idea is to take the money that we are doling out to these lame ducks and form a new automaker. One who can START OUT where the government wants the big three to be. Wouldnt it make so much more sense to keep the jobs that are needed and begin making smarter decisions in manufacturing new vehicles and the infrastructure to make them viable? How hard is it to understand that companies fail. It is a basic truth that has helped shape our country's economy. The distribution of 717 billion dollars (year to date) that could have been spent wisely, instead of trying to pull off the most expensive patch job in world history, shoudl be a common sense call. If these banks failed because they lent money to people who could not afford to pay them back, the bank goes under. A successful firm should aquire the paper for change on dollar and these revenues should have been collected. And if these american car makers want to continue to make obsolete vehicles when the technology exists to revitalize the industry, let them belly up. In this world its sink or swim. The comman man is doing all he can to keep his own head above water without having to buy the floaties for a bunch of wealthy shortsighted schmucks. Let the big three fail and help new brands acquire the factories and workers needed to succeed. And cut the UAW off. Period.

“My credit score will enable me to qualify but I want to see lower prices, much lower prices like 35@ of MSRP. Let’s see deals like retailers are making and then we will see I agree with this 100%, give us a real deal not loan scam to sell product." Let's see. The old saying goes: lose money on every unit and make it up on volume! Unless the companies can cut costs very significantly (already pretty much ruled out by the UAW), they need 25% higher prices to survive.

How about placing a tax on all automobiles made by a foreign manufacturer whether produced in this country or not to level the playing field? Until the media starts to look at how foreign companies "assist" their domestic industries the believers in the "free market" myth can keep their "ideological purity" to themselves.

Which shell is the "pea" under? The UAW has a multi-million retreat and 6 million golf course and WE are paying for it? They can give me 0% interest all day on a car or truck; I still do not like their forcing all this bailout on us and this has left a VERY bad taste to deal with them on any terms; much less the shell game that car dealers play. Regardless of credit scores; they still need to move cars and as long as I have to pay for their bailout; no interest rate will be sufficient to get me to purchase one of their cars. We are supporting the UAW with their Country club and Golf Course -- as long as they hold on to that; I will choose now to deal with Toyota. My current SUV is a Jimmy with over 300,000 miles. It has been a very good vehicle. I just can't deal with GM anymore under these terms.

Why would we try to tax foreign automakers to "level the playing feild"? Toyota manufactures vehicles right here in the USA and so does nissan, bmw, mercedes, saturn, and hyundai. They are all experiencing drastic sales decreases but we the taxpayer are not being forced to bail out those companies who operate cleaner plants, employ thousands, and build better looking vehicles with much better quality and fuel efficiency. The dumbest thing Chrysler ever did was sell the patent to its turbine engine its engineers built in the early sixties. Who bought this 150 mpg engine that delivered as much horsepower as a hemi with the gas mileage of a moped? Exxon. Thats right, our government can step in and give away money made by the working man, but they cant step in and strip the hold of a patent that would DRASTICALLY REDUCE OUR DEPENDANCE ON FOSSIL FUELS, FOREIGN AND DOMESTIC. Either they are ignorant to this fact or they are in on the scam, either way- OUR GOVERNMENT HAS BECOME THE BIGGEST LIABILITY OUR NATION HAS. I SMELL A REVOLUTION BREWING!

What about the cars?...Every once,in a long while, someone will ask this question during the ongoing discussion about bailouts, givebacks, labour, management, etc in regards to the Detroit auto industry. Well what about them? Does anybody give a damn about what the American car buyers want? Apparently not. Bob Lutz thinks all the government has to do is 'stimulate' the economy to the point 18 million of us will go out and buy cars on an annual basis and all will be right. I'm skeptical, what if sales do go back up, but not at the Detroit three? This is a far more likely scenario, given their lackluster product line. Someboby needs to tell Detroit, "YOUR NAKED!"

If GM can't make it on selling SUVs and other high profit cars -- how will they ever be able to repay any "loan" building electric cars that at gas at $1.50 a gallon will never offset the additional costs of the Hybrid? Example using a Honda Civic Using Base models. Base price of a regular Civic is around $19,000 Amortized at 7% over 4 years would be around $455 per month. It gets 26/34 MPG Driving at an average of 10,000 miles in town and 25,000 highway (using numbers that many people actually drive and where I can find an eventual breakeven point) Comparable Hybrid version is around $23,000 ($4,000 more) Payment is around $550 per month at 7% over 4 years It gets 40/45 MPG Cost to operate over 4 years Using blended miles of 35k; it costs the regular Civic an average of $1,668 per year for fuel. The Hybrid uses an average of $1,200 or a difference of $468 a year or $1874 for 4 years. The payments are $95 more a month for an additional $4,560. $4,560 - $1,874 = $2,686 more to operate the Hybrid car versus the same comp equiped regular gas version. To get to the break even point between the cars; gas needs to be around $3.65 per gallon and still driving 35,000 per year. Now the cost in fuel is for regular Civic is $4,087 and the Hybrid is $2,940 for an annual difference of $1,107 per year or a total of $4,428; and we still have not overcome the total difference in the additional cost! Lets not forget the $7,000 Hybrid battery that needs to be replaced in 5 years.

It's not that the government has the final say, we have a vote. If these bailouts are not favored just vote with your money, boycott GM. This should send a clear message to all that are raiding our tax money and sending us into a new economic world.

There's only one caveat to your article Brian. This could be a long shot,but the American public could rally around the,"Buy American Mantra"? It's doable if GM shows any kind of remorse,and foward thinking. If they set the "PR" tone in sync with the republican's& Bush, wrapping themselves around the american flag,...anyway graet read, and "Happy New Yera's,Brian"

Listening in Texas, You nor ajyother have paid nothing on what the UAW has. It has been paid for by the unions members. The government has paid one red cent to the UAW. t The UAW has spent many years develpoementing this education center for all members of the UAW. The members are not only auto workers but come from several different organizations. When the auto companies pay off the loans, and they will, no taxpayers money will be lost. Why can't the auto companies get loans on their own? The very same reason no one can get loans. The banks are not making loans and why not? Government regulations. Government regulations have caused most of the problems in this whole meltdown. The same politicans you want to stop yhe bailouts are the same ones that have sat on their donkeys and let the country get into this economis mess.

Import balance of payments: I've ask this on different blogs but don't really get any answers. What effect does the negative balance from what we import to what we export, have on our domestic economy? When you answer this, I believe you will understand why we have the financial mess we are in.

As a diehard Chevy guy I intend to never buy another GM or Chrysler product for personal or business use ever again. But I do promise to buy american as long as they don't steal our money without our permission. I think I'm just going to have to swallow my pride and buy Ford. As much as I hate to admit it they build good trucks. I think the goverment has made a huge mistake bailing out all these people. They have destroyed all acountability. It doesn't take a math wizard to figure out there isn't going to be room for 3 big American auto companies next year. I hope our governments ignorance doesn't cost Ford everything. Just think of the market share they would have gained if GM & Chrysler went under. I can't believe anyone believs GM will really disapear completely. Thats highly unlikely. They may file bankrupcy and go under, but I bet 2 or 3 companies spring up from the ashes of their few successful product lines and shed the anchors drawing the down. The few could then grow to be an american car company we could be proud of. After all they would have learned from their parent company's mistake. I remember one lecture from my college professor who warned about getting caught in the gamble of small margins and high volumes. One bump in the road in volume and you'll lose everything. Its better to stay at home drinking bear and eating pretzles than to risk everything on such little reward.

The bail outs need to stop! It is time to let companies go bankrupt so they are forced to reorganize or they can close permanently. Just like creditors force people into bankruptcy for their poor financial decisions it is time companies and executives are forced to take responsibility for their poor management and choices. Why should a CEO, whose job is to increase shareholder value, be paid millions of dollars while the choices they have made have destroyed billions in shareholder value?

All of us smaller businesses are suffering and the people who caused it go away scott free. We are the real people who increase share holder value in the form of jobs. We had to lay off one a very hard working crew on Friday, too many of our customers are cancelling due to financial reasons. Where is Bush through all of this? You hardly ever hear from the guy?