Are U.S. Automakers done?

Written by: Andy Watkins

General Motors, Chrysler and Ford Motors all posted poor new car sales in the United States, but huge profits in China. So are the U.S. Automakers really doing poorly or are they just shifting their future business revenue stream from the United States to China? Yesterday I decided to go to a few auto dealers in the Metro Detroit area and I was shocked at the price tags. Then I was cracking up when the sales person told me about a new finance deal that I could get an 8 year auto loan....well that is crazy. No wonder why Toyota has passed General Motors in sales who is buying a $30,000 car in today's economy. General Motors and the rest have to get their heads out of the clouds and understand the supply and demand issue. If no one is buying your cars then lower the price tags. Stop blamming the auto workers and unions and start showing some executive accountiablity for your pricing structure. Stop being so greeding and price your products to sell.

General Motors plan they just rolled out is all about cost cutting, but has nothing to do with price corrections based on a basic supply and demand issue. If they don't change the pricing models then they will no longer exist in the near future.

Back in the 70's and 80's we spoke about buying American and it worked it got us out of some rough times. Well I think we need to send the message to the US Automakers like GM, Ford and Chrysler and buy REAL American made cars like Honda of Ohio and Toyota out of Michigan. My Pontiac Aztek was built in Mexico....and I thought I bought an American Auto....never again will I be fooled.

Buy American and remember....the Big Three aren't really American anymore.