Why close down ANY GM or Chrysler dealerships?
By Carson11
@Carson11 (332)
United States
August 22, 2009 2:32pm CST
There is no reason to close down ANY GM or Chrysler dealerships. The car companies contribute NO funds to their dealerships. These dealers get financing and BUY the cars from the automakers. Also many of the most successful dealerships were closed down! You want to sell alot of cars and you close down your best dealers? There was also allegations most of the dealers shut down contributed to Republican candidates and some democratic dealers had their competing dealers shut down. This is why you can't have any government ownership in business. Politicians want to give unfairly to their supporters and punish their opponents. Business on the other hand wants to make money for themselves and stockholders to benefit all including the employees.
2 people like this
2 responses
@gewcew23 (8007)
• United States
22 Aug 09
This really does not make any sense. We have high unemployment, and the plan is to close down auto dealership which would create more unemployment. Why did not banks that excepted TARP money have to close branches? That would have actually made more sense. Dealerships are independent businesses, where bank branches are actually apart of the bank corporation.
1 person likes this
@Carson11 (332)
• United States
22 Aug 09
Obama has no right to close down these dealerships. Also the man who ran Chrysler didn't see any reason to shut them down. You can't take someone's property with just compensation. That violates the fifth amendment. Chrysler also said they were under a great deal of pressure from the presidents auto task force to shut those dealers down.
@thegreatdebater (7316)
• United States
22 Aug 09
Carson, I find it so funny how republicans wanted the big three shut down UNTIL, it effect their own coffers. FACT, over 80% of car dealers in the United States donated to the republican party. Thus, the automakers are going to close one or two dealers that donated money to the RNC. This wasn't political, it was business. The more dealers ment more shifting of cars, and there are dealers out that don't sell 10 cars or trucks a year. There were other factors like locations, if you have three dealers with in a mile of each other than why do this? You also have to look at their service history, some of these dealers were giving the automaker a bad name. Would you want someone out there giving you a bad name, and still working for you?
The other thing is financing, the vast majority of cars financed by the dealers is through either GMAC, or Ford financal. So the less accounts you have, the less employees you need to track them, so you can cut back. You have told me many a time that you own your own business, does any of this stuff make sense to you? I don't OWN my own business, but I run one, and this makes perfect sense to me.
@Carson11 (332)
• United States
23 Aug 09
thegreatdebater, Do you even understand what law means. When these bondholders bought these bonds there was a legally binding contract that guaranteed they would get ALL funds before anyone else.These are legally binding contracts you idiot. Why else would anyone buy a bond in a company with financial problems. Obviously it doesn't mean they would get 100% of their funds back. They bought them at a discount. Like I said at least now the financial community knows that this administration doesn't feel it has to play by the rules and people will stay away from big companies bonds with union labor.
@thegreatdebater (7316)
• United States
24 Aug 09
Well Carson, it seams your LAW doesn't mean jack sh!t in this case. You may have the law on your side, but I have facts on mine, and in this case (like many of the discussion we get into) I am RIGHT.
@Carson11 (332)
• United States
25 Aug 09
Laws don't mean anything to you jerks on the left. What about whose poor old ladies that were cheated. You LIBS are always complaining about the poor being taken advantage of. Also,every time we turn around we hear another story about the Obama administration threatening someone.Now they threaten the members of their own party to vote the way they are told or they will pay.They even send the SEIU to beat up old people.What about the Czars?The snitch website?These things are not legal,but you guys run things so no investigations.Wait til we are in power again.You crooks won't even force Obama to release his birth cert.Holder won't force him to do it and he's breaking the law because of the conflict of interest.He must recluse himself but he won't.We are on to you crooks.