For those that dont know, the "Big 3" (GM, Ford, Chrysler) took there pirvate jets to Washington, DC not too long ago asking for money or there companies will fail. To make a long story short; congressed asked the companies to find out how much they need, and what there reorganizing plans were going to be.

These companies are not lying, they are in major trouble, but there not alone, check these stats posted in the USA TODAY paper and other articles.

6 biggest auto dealers, percents compared from november 07 to november 08 that just passed.

Chrysler 85,260 V 47.1%
Nissan 46,605 V 42.2%
GM 153,404 V 41.3%
Toyota 130,307 V 33.9%
Honda 76,233 V 31.6%
Ford 122,723 V 30.5%
Total: 746,789

This is the first time these 6 companies fell under 750,000 cars sold in one month since january 1982....


Well its happening. Not 100% yet, but I think congress is going to grant the big three there money.

This is what the big 3 had to say.

Chrysler says it needs $7B, and wants it all now. Promises more alliances with other auto makers to save money.

GM says it needs $4B now, and up to $12B more next year. Will slash production, close or sell Saab and maybe Saturn.

Ford, on the other hand said they don't need anything now, in the best shape of the 3, say they need a $9B line of credit for 2009. They promise more green cars, and exectutive pay cuts.


Also the big 3 will make other changes that seem a little, well not true, but its what they said. They'll sell there private jets, The CEO's will work for a 1$ a year (Aparently Chryslers boss Bob Nardellie already does...) Cancel executive bonuses, freeze raises, and the heads of the big 3 pledge to remake their companies by slashing their work force, make smaller cars, less trucks, more gas friendly.

Lawmakers are wondering why they should help and give money to a falling and deeply troubled industry...

What you guys think, I wonder whats going to happen..

Please post opinions, with facts or something, not just "Ford sucks, they should not get a bail out...!"

Lets keep it mature, and on topic.


Thanks guys