|December 18th, 2008, 12:24 PM||#1|
Join Date: 03-23-07
Location: ludington mi
Mentioned: 0 Post(s)
Nice letter to read.. (Alabama Senator)
Incredible editorial from a Ford Dealer in the Pittsburgh Region....
Well written "Letter to the Editor" from Elkins Fordland.
As I watch the coverage of the fate of the U.S. auto industry, one
alarming and frustrating fact hits me right between the eyes.
The fate of our nation's economic survival is in the hands of some
congressmen who are completely out of touch and act without knowledge of
an industry that affects almost every person in our nation.
The same lack of knowledge is shared with many journalists whom are
irresponsible when influencing the opinion of millions of viewers.
Sen. Richard Shelby of Alabama has doomed the industry, calling it a
dinosaur. No Mr. Shelby, you are the dinosaur, with ideas stuck in the
'70s, '80s and '90s. You and the uninformed journalist and senators that hold onto myths that are not relevant in today's world.
When you say that the Big Three build vehicles nobody wants to buy, you
must have overlooked that GM outsold Toyota by about 1.2 million
vehicles in the U.S. and Ford outsold Honda by 850,000 and Nissan by 1.2 million in the U.S. GM was the world's No. 1 automaker beating Toyota by 3,000 units.
When you claim inferior quality comes from the Big Three, did you
realize that Chevy makes the Malibu and Ford makes the Fusion that were
both rated over the Camry and Accord by J.D. Power independent survey on
initial quality? Did you bother to read the Consumer Report that rated
Ford on par with good Japanese automakers.
Did you realize Big Three's gas guzzlers include the 33 mpg Malibu that
beats the Accord. And for '09 Ford introduces the Hybrid Fusion whose 39
mpg is the best midsize, beating the Camry Hybrid. Ford's Focus beats
the Corolla and Chevy's Cobalt beats the Civic.
When you ask how many times are we going to bail them out you must be
referring to 1980. The only Big Three bailout was Chrysler, who paid back $1 billion, plus interest. GM and Ford have never received government aid.
When you criticize the Big Three for building so many pickups, surely
you've noticed the attempts Toyota and Nissan have made spending
billions to try to get a piece of that pie. Perhaps it bothers you that for 31 straight years Ford's F-Series has been the best selling vehicle. Ford and GM have dominated this market and when you see the new '09 F-150 you'll agree this won't change soon. Did you realize that both GM and Ford offer more hybrid models than
Nissan or Honda. Between 2005 and 2007, Ford alone has invested more
than $22 billion in research and development of technologies such as Eco
Boost, flex fuel, clean diesel, hybrids, plug in hybrids and hydrogen
It's 2008 and the quality of the vehicles coming out of Detroit are once
again the best in the world.
Perhaps Sen. Shelby isn't really that blind. Maybe he realizes the
quality shift to American. Maybe it's the fact that his state of Alabama
has given so much to land factories from Honda, Hyundai and Mercedes
Benz that he is more concerned about their continued growth than he is
about the people of our country. Sen. Shelby's disdain for "government
subsidies" is very hypocritical. In the early '90s he was the driving force behind
a $253 million incentive package to Mercedes. Plus, Alabama agreed to
purchase 2,500 vehicles from Mercedes. While the bridge loan the Big Three is requesting will be paid back, Alabama's $180,000-plus per job was pure incentive. Sen. Shelby, not only are you out of touch, you are a self-serving hypocrite, who is
prepared to ruin our nation because of lack of knowledge and lack of due
diligence in making your opinions and decisions.
After 9/11, the Detroit Three and Harley Davidson gave $40 million-plus
emergency vehicles to the recovery efforts. What was given to the 9/11 relief effort by the Asian and European Auto Manufactures. $0 Nada. Zip!
We live in a world of free trade, world economy and we have not been
able to produce products as cost efficiently. While the governments of other auto producing nations subsidize their automakers, our government may be ready to force its demise. While our automakers have paid union wages, benefits and legacy debt, our Asian competitors employ cheap labor. We are at an extreme
disadvantage in production cost. Although many UAW concessions begin in 2010, many lawmakers think it's not enough. Some point the blame to corporate management. I would like to speak of Ford Motor Co. The company has streamlined by reducing our workforce by 51,000 since 2005, closing 17 plants and cutting expenses. Product and future product is excellent and the company is focused on one Ford. This is a company poised for success. Ford product quality and corporate management have improved light years since the nightmare of Jacques Nasser. Thank you Alan Mulally and the best auto company management team in the business.
The financial collapse caused by the secondary mortgage fiasco and the
greed of Wall Street has led to a $700 billion bailout of the industry
that created the problem. AIG spent nearly $1 million on three company excursions to lavish resorts and hunting destinations. Paulson is saying no to $250 billion
foreclosure relief and the whole thing is a mess. So when the Big Three ask for 4 percent of that of the $700 billion, $25 billion to save the country's largest industry, there is obviously oppositions. But does it make sense to reward the culprits of the problem with $700 billion unconditionally, and ignore the victims?
As a Ford dealer, I feel our portion of the $25 billion will never be
touched and is not necessary. Ford currently has $29 billion of
liquidity. However, the effect of a bankruptcy by GM will hurt the suppliers we all
do business with. A Chapter 11 bankruptcy by any manufacture would cost
retirees their health care and retirements. Chances are GM would recover from Chapter 11 with a better business plan with much less expense. So who foots the bill if GM or all three go Chapter 11? All that extra health care, unemployment, loss of tax base and some forgiven debt goes back to the taxpayer, us. With no chance of repayment, this would be much worse than a loan with the intent of
repayment. So while it is debatable whether a loan or Chapter 11 is
better for the Big Three, a $25 billion loan is definitely better for
the taxpayers and the economy of our country. So I'll end where I began
on the quality of the products of Detroit.
Before you, Mr. or Ms. Journalist continue to misinform the American
public and turn them against one of the great industries that helped
build this nation, I must ask you one question.
Before you, Mr. or Madam Congressman vote to end health care and
retirement benefits for 1 million retirees, eliminate 2.5 million of our
nation's jobs, lose the technology that will lead us in the future and
create an economic disaster including hundreds of billions of tax
dollars lost, I ask this question not in the rhetorical sense. I ask it
in the sincere, literal way.
Can you tell me, have you driven a Ford lately?
|December 18th, 2008, 12:42 PM||#3|
Join Date: 11-06-05
Location: Dearborn Heights, MI
Mentioned: 1 Post(s)
i like it
Special Thanks and Recommendations to;
PAC Racing Springs
Joint Clutch and Gear
|December 18th, 2008, 01:55 PM||#6|
Join Date: 09-17-07
Location: north of a bankrupt city
Mentioned: 2 Post(s)
Oakland (MI) Press earlier this week. photo of 3 brothers who own 2 chrysler/jeep and dodge dealerships presenting $10,000 check to the local lions club for christmas baskets.
most folk do not comprehend the extended impact of chrysler/gm/ford and their dealerships closing their doors. it's more than just car and parts sales.