Bill Heard Enterprises Inc., one of the nation's larger Chevrolet retailers, went out of business on Wednesday, the latest victim of turmoil roiling the domestic auto industry and its vast dealer network..
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A slew of domestic-brand dealers have been forced to close by the combined impact of tanking truck sales, soaring fuel costs and the national credit crisis.
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Domestic brand dealers across the U.S. are becoming increasingly strained as Detroit's auto makers and their once-profitable financing units move quickly to cut losses, making it tougher for customers to get financing and more expensive for dealerships to operate
Yep.... Sons of Bitch WALLSTREET FAT CATS.
There is a factor of car companies being stupid, I'll admit.... I keep trying to point out that wall street has taken a ton of lumps. This stuff Trickles down to main street. There are now a few thousand Auto mechanics, and salesmen without jobs.
But.... yep We will show these Wall street fat cats.
2 comments:
Mop you make valid points on the reach of this crisis but I think yuou are off the mark on this example. Here is my selective editing of the story:
"Rising fuel prices, a product portfolio of mostly heavy trucks and sport utility vehicles, economic recession, unfavorable local market conditions for vehicle sales, the crisis in the banking and financing sectors, and other factors combined to create a business environment in which the company simply did not have the resources needed to continue to operate," the dealership said in a prepared statement
The loss of some dealers could eventually benefit GM, Ford Motor Co. (F) and Chrysler LLC, each working to shrink their dealer networks. Detroit's auto makers are saddled with an excess of dealers from the days when the companies commanded a much larger share of the U.S. market. The auto makers believe fewer, healthier dealers will deliver better profitability and more customers"
I respect your opinions man. At some point one of will be right. The nice thing is we can both be profitable. Keep Fighting.
I admitted that it was kind of weak, since those dumb asses have been building the stupidest cars for 20 years.
But... I've always felt that the auto industry wasn't long for the earth.
most of my point is that; Like I've said, the fat cats will never pay, Bailout or no bailout. Who will pay, are the Chicken pluckers, automechanics, and salesmen.
Of course that didn't stop the house from runnning the 50 billion bail out of the auto industry through congress yesterday, DID YOU MISS THAT? Sneaky arn't they... That bailout is offensive.
I'm much more angry about that.
Art, I don't believe in god or conspiracy theories. I think Pauson and Ben are doing everything they can, and have the best plan they can come up with.
Our trouble is that Bushie has cried wolf too many times, but this time the wolf is at the door.
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