Why hold one hand out when you have two hands…

(more money) Ford to a MUCH lesser degree than GM & Chrysler.. and of the three, Ford has made HUGE strides (improving their line up.. kudos Ford!)

So after GM has faltered for years, and instead of improving their (crap) they just added new names (i.e. Saturn).. which was one of the BIGGEST mistakes to date! Now the Saturn line up is just rebadged Pontiacs (etc).. and Pontiacs are rebadged Chevys, etc.. etc.. So FINALLY they are gonna cut some of their triplets.. So maybe, just maybe (if they survive) they can make A car that is not crap (vs 3 or 4 of the same mistakes)?? 

GM said it would make huge cuts in its numbers of workers as well as reductions in its vehicle brands and plants by 2012. The auto giant is seeking a $12 billion loan to keep it running, plus a $6 billion line of credit in case market conditions worsen.

GM would focus on four brands – Chevrolet, GMC, Buick and Cadillac. By 2012, the plan calls for 20,000 to 30,000 fewer workers, a reduction of nine facilities and 1,750 fewer dealers. The company also outlined efforts to negotiate swapping some of the company’s debt for equity stakes in the automaker.

Chrysler is choosing a different angle.. I am still shocked this company that has produced America’s most embarassing vehicle (line-ups), is still somehow a-float!

Chrysler said it would cut costs by slashing employee benefits – including suspending its match portion of the 401(k) retirement plan and reducing its health care contribution for salaried workers – and terminating its lease car program. It said it would also ask more productivity of each employee.

Chrysler’s product plan includes the first full-function electric-drive model in 2010 and expansion to additional models by 2013. The company’s market penetration of electric-drive vehicles will further increase with over 500,000 produced by 2013, the blueprint said.

No bankruptcy.. cause that would make them look bad.. uh huh.. they seriously need to look at their vehicles.. but sigh, somehow, someway people still bought their unreliable, gas-guzzling, depreciating pieces of scrap metal!

The companies are resisting calls that they file for bankruptcy, arguing that no one would buy a car from an automaker that might not survive the life of the vehicle.

AP News : Gazette.com

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