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 Sigma 17 70mm f 28 4 DC Macro OS HSM Lens for Nikon DSLR Camera Lens Kit Bundle $469.00 Time Remaining: 8d 6h 34m Buy It Now for only: $469.00 Buy It Now | Add to watch list |
 5 Various 58mm Filters Tiffen Hoya Promaster Kalimar Polar UV Skylight 58 205596 $4.99 (1 Bid) Time Remaining: 5d 21h 11m Bid now | Add to watch list |
 Hoya HMC 62mm ND 400 Neutral Density MC AUTHORIZED HOYA USA DEALER $71.90 Time Remaining: 29d 19h 24m Buy It Now for only: $71.90 Buy It Now | Add to watch list |
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More Great Information on Super Hmc:
Automakers Future by Bruce Mills
I know this is a hot topic with many people. I just heard people at work again talking about the bailout and their views on the future of the Automakers. I hear a lot of people asking questions like "when am I going to get bailed out?'. I know people I have helped with their money issues, debt problems from spending issues, business failure, medical bills to college bills, they would love to have the government give them a bailout. If they would get a bailout it may give them a opportunity to start a new business, travel, remodel their homes or to help others.rnrnDo you think the auto industry is saved now by the bailout? Is getting rid of some corporate jets and closing some plants going to be enough for them to make money? I got a e-mail today from Zacks on the below information about the automakers. Here are some of what they say;rnrnSornrnLetter to the Future Car Czar rn rnWe cite these companies: General Motors (GM), Ford (F), Toyota (TM), Nissan (NSANY), Honda (HMC) and Daimler (DAI).rnrnToday, President Bush approved an emergency bailout of the U.S. auto industryFriday, offering $17.4 billion in rescue loans in exchange for tough concessions from the deeply troubled carmakers and their workers. The government will have the option of becoming a stockholder in the companies, in effect partially nationalizing the industry.rnrnIf the carmakers fail to prove viability by March 31, 2009, they will be required to repay the loans, which they would find all but impossible. A firm will be deemed viable only if it can show positive cash flow and can fully repay the government loans.rnrnUnder terms of the loan, General Motors (GM) and Chrysler must provide the government with stock warrants giving it the option to buy GM and Chrysler stock at a specific price. In addition, the automakers would be required to agree to limits on executive pay and eliminate some perks such as corporate jets.rnrnToday's rescue plan retains the idea of a "car czar" to make sure the auto companies are keeping their promises and moving toward long-term viability. The carmakers have announced extended holiday shutdowns. Chrysler is closing all 30 of its North American manufacturing plants for four weeks because of slumping sales; Ford Motor Company (F) will shut 10 North American assembly plants for an extra week in January, and General Motors will temporarily close 20 factories -- many for the entire month of January -- to cut vehicle production.rnrnThis is a band-aid, but not the surgery this industry needs. In essence, we see this as the first step towards a long-term solution, which will include the following:rnrn rn1 - Getting a bankruptcy attorney and filing ASAP -- this measure extends this until March 31. Then healthcare and pension issues can be removed and this would go a long way towards making Detroit competitive with foreign manufacturers.rn2 - Separate dealerships from the rest of the company. The parts and service issue can be guaranteed by the US Government and these companies can be separated and recapitalized from the rest of the Big Three. We find it hard to believe that consumers would not buy something from a bankrupt company.rn3 - Get a labor attorney and have a nasty confrontation with the UAW while in bankruptcy. This would be the worst labor showdown in out memory and may involve the Supreme Court at some point.rn4 - Have the US Government be a DIP [debtor-in-possession] financer, as opposed to writing blank checks to the auto manufacturers. They are there to support -- but not nationalize -- the industry. The challenge will be when to get these companies out of the private sector hospital, which is the US Government.rn5 - Focus on only 35+ MPG vehicles. Transition from SUV to AFV (Alternative-Fuel Vehicles).rn6 - Remove the top-50 officers of the all of the Big Three and replace them with outsiders. Encourage creative and dynamic thinking.rn7 - The US Government should look at tariffs and quotas to protect these companies as they restructure. Also, this would force foreign manufacturers to build plants in the US rather than export, which would make a worker-retraining issue a worker-relocation issue, which is far easier to deal with.rn8 - Consumers should be allowed to deduct automotive interest, which would increase demand for autos and alleviate the credit issue that surrounds the industry now. Perhaps this can be for AFVs and 35+ MPG vehicles only. There should be a punitive tax on SUVs which will make them unaffordable for consumers. These tax revenues can fund growth of the AFVs and high MPG vehicles with tax credits.rn9 - Global alliances should be forged among the manufacturers to take advantage of global economies of scale. These new "super-car" companies would be able to tap into the Chinese and Indian markets, where the car industry is a growth business and billions of people are screaming for a new car, not just a second hand retread from the US or Europe. Economies of scale/Rationalization and China/India increasing the global baseline demand for cars may permanently increase profitability for the industry and avoid this situation from happening again.rnWe see the following as impacted companies: General Motors (GM), Ford (F), Toyota (TM), Nissan (NSANY), Honda (HMC) and Daimler (DAI).rnrnSource:Posted on Zacks Investment Research website Fri Dec 19, 02:26 pm ETrnPosted By: Paul Raman, CFArnrnWhat is the Future of the AutomakerrnLet me know what you think the future of the automaker industry is going to be. Are you for the bailout or not. Enjoy the holidays.
Article Source: http://www.earticlesonline.com/Article/Automakers-Future/461258
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