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Car MFG Closing for a month??

Old 12-19-2008, 01:18 AM
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Default Car MFG Closing for a month??

I'm so tired of the auto BS, wanting bailout money for their mistakes...bla..bla..bla,
And I wonder if their trying to fool congress and the American people into thinking they are closing the doors and need our money. Most all of these companies stop production this time of the year for their yearly shut down, for many years I didn't get a Xmas holiday or new year due to having to work shutdowns as a contractor for many of the big name Co's.
They just want to advertise it no so some people will feel sorry for them and give them some of our money!
Ok my rant's over. OH yea the production workers are still gona get 95% of their pay??
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Old 12-19-2008, 01:32 AM
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Default RE: Car MFG Closing for a month??

Weekend-Hooker - 12/19/2008 5:18 PM

OH yea the production workers are still gona get 95% of their pay??
Any reason they can't do 95% of their work?
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Old 12-19-2008, 01:40 AM
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Default Re: Car MFG Closing for a month??

Eyeball thats exactly what I'm saying.
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Old 12-19-2008, 01:46 AM
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Default Re: Car MFG Closing for a month??

That's where I have a problem with the media. It's like no story is worth telling if they can't bend it into something it isn't.
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Old 12-19-2008, 07:13 AM
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Default Re: Car MFG Closing for a month??

The reason for shutting down is simple, no one is loaning and therefore no one is buying. Supply has exceeded demand by some 90 days. Every worker is getting paid but the suppliers are screwed until the first of the year. The TARP bridge loan will carry them over till the BO teams takes on the UAW.
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Old 12-19-2008, 09:36 AM
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Default Re: Car MFG Closing for a month??

Imagine the energy savings, its probably in the union contract that they have to have it at least 78 degrees. At night its probably kept at 75 so they dont have to pick up cold tools in the morning.
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Old 12-19-2008, 09:40 AM
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Default Re: Car MFG Closing for a month??

All of the major Car MFG companies shut down for about a month around Christmas anyway, I use to contract for many of them its nothing new......they are only now making a big deal due to the fact they want our money. With or with out the economic crises they do it every year.
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Old 12-19-2008, 10:46 AM
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Default Re: Car MFG Closing for a month??

hhi angler - 12/19/2008 7:13 AM

The reason for shutting down is simple, no one is loaning and therefore no one is buying. Supply has exceeded demand by some 90 days.








I'd agree with the "no one is buying" and the "excess units on the ground", but the not loaning part has been blown way out of proportion.

If someone has the desire to buy a new vehicle, has good credit, stable employment, and a sufficient DOWN PAYMENT, they can drive a new car off off the lot. No problem.

Ford Credit approves loans every minute of the day. Local credit unions are advertising car loans on a daily basis. Banks too.

The key here is that folks NEED to QUALIFY for them.

Too many folks are staggering into the dealers upside down, fat, dumb and broke and wanting a loan.

Dealers USED to be able to ge those kind bought, but no longer.

Now they are making SENSIBLE loans.

You know... The kinds that they should have been making all along...

And RIGHTFULLY so!

Not everyone DESERVES a new car!



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Old 12-20-2008, 11:23 AM
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Default Re: Car MFG Closing for a month??

Aboater you are very correct but how are we all going to stay in business. You are describing 95% of the people that enter our showroom, it will take a few years for these people to get up to a 700 credit score and be in an equity position on their vehicle. They used to give just about anyone a loan for almost any amount, now if your not a 700 plus with 20% down its a challenge to get an approval. They need to start lending somewhere in the middle so at least we can continue to do business.
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Old 12-20-2008, 05:28 PM
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Default Re: Car MFG Closing for a month??

ABoater - 12/20/2008 2:46 AM

I'd agree with the "no one is buying" and the "excess units on the ground" ...

There was a spokesmouth for Ford of GM on the radio talking about this, the issue is that if manfrs continue production at the current level it will cause a back up of higher priced cars on the dealers lot and those models will become stale causing the dealers to eat the cost. Lower priced cars are still moving. The shut down is for the dealer's benefit, not the auto makers trying to save money.
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