Uh oh..... More bad news.

[MMissile]

https://www.youtube.com/live/kve4eqcevGE?si=3r-a12OSFJGrQSCC

 

[Boris]

https://www.reuters.com/business/au...stellantis-investment-commitments-2024-10-23/
Washington inserting itself into the situation

 

[Boris]

https://www.fitchratings.com/resear...ook-to-negative-affirms-idr-at-bbb-21-10-2024

Finance guys don't like the stock

 

[MMissile]

I'm sure glad I chose the Benz stock, over 4 times as much Chrysler stock.

 

[GNBRETT]

Lets face it there has only been TWO car companies in history that have NOT gone broke and filled for bankruptcy and or been bailed out and thats Ford and Tesla. Tough business to continue to be successful in. VW is hurting as well.

 

[Boris]

Ford was able to secure a loan before the bailouts happened. They got lucky.

Tesla you could say was riding the government teet the entire time selling carbon credits.

 

[MikeD1]

No need for a fancy testing facility when you're not rolling out any new product.

 

[EricG]

Ford was able to secure a loan before the bailouts happened. They got lucky.

Tesla you could say was riding the government teet the entire time selling carbon credits.

I was about to say, Ford was pretty famously bailed out in the news, but it became a way back headline after the rest of the '08-'10 financial crumble and the other automakers having to take $$$ during the crisis. I used to argue that point to all my Ford friends back in the day when I was beating them with my SRT8 Didn't Dodge pay all their borrowed money back too?

And as far as Tesla, I think their smart realization very early on was that they knew pioneering this technology would allow them to kind of live off the gov't subsidies as the desire for them to succeed was so high by the powerful environmentalists in power.

 

[jroyk]

Tesla was bailed in.

 

[Jack_Toepfer]

Thought Ford mortgaged their own properties, didn’t take gov loans. It was so long ago… lol

 

[Boris]

Thought Ford mortgaged their own properties, didn’t take gov loans. It was so long ago… lol

I don't remember how Ford did it, but they were able to get their hands on cash before the market was frozen.

That is why GM and FCA needed the bailout money from the government. No banks were willing to open up as they were about to be gutted themselves.

Another instance where greed ran rampant until the door was slammed shut. No one bothered as people kept getting richer and richer.
I worked for a home builder at the time.
Build up new subdivisions within weeks. Problem, same guy would buy 5 or 6 of the new houses going up right next to each other. It was a huge flippers market and when the bottom fell out, it locked everything up.

Obama was elected in and policies put into place so that the economy would grow but just at a snails pace. Outside of COVID, it hasn't been down since. 16 year run and counting.

 

[2ndAmend]

Tesla was bailed in.

And the D's regret it!

 

[2ndAmend]

 

[Boris]

And the D's regret it!

That was their dream car until Elon bought Twitter

 

[covidcommander]

That was their dream car until Elon bought Twitter

Yeah, he was their hero till he started talking about the truth

 

[1971demon]

https://www.youtube.com/live/kve4eqcevGE?si=3r-a12OSFJGrQSCC

Guess they got nothin to prove

 

[DavidKFla]

Mercedes, Nissan and VW are in dangerous situations right now according to reports.

 

[jroyk]

Is this guy credible?

 

[72 440 Barracuda]

Is this guy credible?

From what I have watched he is more opinion than fact. I could be wrong, but in my opinion he is all about the sky is falling and what appears to be more about click bait than fact.

 

[Bobo]

From what I have watched he is more opinion than fact. I could be wrong, but in my opinion he is all about the sky is falling and what appears to be more about click bait than fact.

Yeah, every video is the end of times!! As a Stellantis employee I get really tired of it. I/we all know things are not good right now but damn!!
Everything these types of people put out is insane, the world is ending, the sky is red...OH, the horror!! Give me a break