In 2002 Chevy stopped production of the Camaro mostly due to the lower profit margins on performance cars. It cost Chevy much less, and the profit was much higher to produce and sell the Chevy Avalanche trucks. It's important to note that the frame and drive train of the Chevy Avalanche is what the H2 Hummer is built on, and the profit margins on $60 + thousand dollar trucks is where it's at.
That is until gas hit $4 per gallon!
Now the bottom has dropped out and the auto industry wants us poor sap consumer tax-payers to bail them out. After all we were stupid enough to buy their crappy over-priced trucks and SUVs so why wouldn't we just hand these guys lots of our money?
If we want REAL change in this country we will not give the auto industry our money.
Lots of people already think the banking industry bailout is a crock O' steaming poo, so why help another sector of greedy, profit hungry, poorly managed giant corporations?
Yes it will prolong the recession if we don't help the auto industry, but in the long run it's better to invest in newer, more efficient technology.
1 comment:
I agree
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