did anyone else catch the live press conference that was on this morning?

good luck to anyone out there who might lose their job, or has loved ones who may be in danger of losing their jobs. looks like tough times ahead.

http://www.clickondetroit.com/automotive/6365277/detail.html

thanks Neo Cons. we're broke and supposedly safe. [smilie=applause.gi:

Yeah it sucks but thankfully none of my family works in the car business and my degree is in civil engineering. Sucks to be them right now.

This announcement was really timed well to go with the Super Bowl.

Only thing better would have been to make it during day one of the Auto Show.

This announcement was really timed well to go with the Super Bowl.

Only thing better would have been to make it during day one of the Auto Show.

lol

Could you imagine the outrage if they waited until the Monday after the Superbowl though? Everyone would have accused them of waiting just to make them look good. Better to level with the public than to dance around it while you entertain the country.

thanks Neo Cons. we're broke and supposedly safe. [smilie=applause.gi:

Really? Seems you are blaming the wrong crowd. Take that pointer finger and now do a 180. If the domestic auto makers had any balls they would do what's right and break the unions back. If these companies didn't have to pay out the billions of dollars in annual legacy costs to retirees they would probably be in better shape.

What's happening right now is good ol capitalism at work. For too long GM and Ford have kept under-producing factories and workers in business because of silly union contracts.

What really should happen is GM and Ford need to merge together. Too bad Toyota or Honda couldn't buy out these sorry saps. They are way to smart for that though. You want to see a well run company and consequently great stock. Check out Toyota. While Ford and Gm are setting all time lows Toyota keeps cruising to all time highs.

The real shame is that it's the salaried workers that get cut and not the hourlies that should.

Ford and GM have about a 50% chance of going bankrupt.