GM/Chrysler Merger

[Stefano]

DEALERS ASKED TO HELP LOBBY FOR MANUFACTURER LOAN PACKAGE

General Motors has asked all its U.S. dealers to urge the Congress to approve an additional loan package to help the automaker deal with its liquidity crisis. GM U.S. sales chief Mark LaNeve told dealers to call their representatives and senators to ask them to support GM and the auto industry, saying that 3 million jobs are at risk if the industry does not receive urgent government funding.



IADA feels strongly that the manufacturers recognize that auto dealers are the key to winning support for federal funds, loans and grants. Dealers are the ones who create the sales that generate the revenue needed to repay taxpayers. In short, dealers have the political credibility to save jobs and a large part of the automotive industry.



IADA is contacting our Illinois Congressional delegation and asking them to support any federal loan package which would benefit the manufacturers and help our franchised dealers!


CONGRESSIONAL PLAN TO HELP DEALERS AND CONSUMERS

An important development in Congress Senator Barbara Mikulski (D-MD) held press conferences yesterday to announce her legislative plan for helping dealers and consumers out of the car-buying slump that is having such a detrimental effect on the economy. Mikulski’s plan includes:



Federal income tax deduction for interest payments on car loans for new car purchases made from November 12, 2008, through December 31, 2009.
Federal income tax deduction for sales/excise tax paid on new car purchases made from November 12, 2008, through December 31, 2009.
A cap of $49,500 on car loans eligible for the interest payment deductions.
A phase-out for families that make over $250,000 per year.
“Above the line” deductions, meaning they can be taken advantage of by itemizers and non-itemizers.


Backers of the proposal expect it to move quickly, and bipartisan co-sponsors are being sought. IADA is contacting our Illinois Congressional delegation and asking them to be a bi-partisan co-sponsor of this legislation.



Dealer contacts are extremely important! For details on grassroots efforts, please visit our new Lobby Advocacy Center at www.VoterVoice.net.

Please let us know if you need any assistance following up with potential co-sponsors, and most importantly, U.S. Senators contacts are needed for the dealer legislation; U.S. House and Senator contacts are needed on the manufacturer loan packages!

Please click on the attached links to view Senator Mikulski's proposal and NADA's statement of principles to Congressional leaders entitled Automobile Retailers: Economic Engines on Main Street.





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Where is my Bail out Package

[BUIZILLA]

why bail them out if nobody is buying cars?

kinda like restoring an old stadium, then paying to attend a ball game, and nobody is on the field to watch?

what's the point??...

[PeteLeathersac]

Looks like the Canadian Government is being hesitant to offer any help until the Auto Manufacturers can show they'll be able to sustain themselves, not just prolong the inevitable..
Unless of course the US Government offers dough first then they'll do their standard Canadian follow the leader thing?.

http://news.sympatico.msn.ctv.ca/abc/hom...y_cda_us_081113

Sadly neither Government seems to want to face the facts of what's caused the erosion of N. American manufacturing...specifically the cornerstone auto industry..
Whatever either Government does to try and save them now may be too late as any or all of the Big-3 not surviving is like flushing the toilet we're already in..


~ Pete

[sYc]

What do you think Preston Tucker (and other small automakers) would think about the big three having to endure the same hardships, and possible bankruptcy, that they put him through? Kind of ironic!

My father always said “what goes around, comes around”.

[kwhizz]

Right ......Wrong......Or??..........On the Power Tour in 06 I met a Retired GM Exec.....Alan was in Charge of all advertising for GM.........His take at that time was that the Union was to be a Major Issue in the Future demise of GM.........He told of the Nonsense that the Union put the Company thru.......An example........He was shooting a Commercial and had a Model (the Size of a Shoebox) specifically built for it.....It was completed and delivered one day before (Tight Schedule) the scheduled Shooting of the Commercial.......The Problem is that it was delivered to the Office next to Allan's........He was not allowed to go to the next Office and retrieve the Box.....(It weighed about 10 pounds)......He had to go thru the Union and Schedule a Material Handling person to come and get the Box and bring it into his Office (Next Door).....Well.....The next day everyone had arrived and were setting up the Equipment for the shoot and the Box was still in the next office and a Material Handler was nowhere to be seen.......Allan had had enough and went into the Office and got the Package ( 5 minutes before the start of filming).......Seems the Material handler was just out of eyesight watching what was going on and when he got the Package and moved it....All Hell broke loose and there were Union guy's all over and everything had to come to a "Dead Stop"....until this "Union Crisis" was corrected...
Again.......I'm just passing along the Story.......But.......We need people to work "With" their employers rather than "For" them........



Ken

[kwhizz]

Another Story........My Neighbor who is retired from Chrysler (American Motors) in Kenosha was telling me about a certain Line Mechanic in the Engine Block machining area......It seemed that this particular person was the only one that could keep the line running at certain times....he was making twice as much at the end of the year than anyone else because of his overtime pay.......Well.....he also retired and after the new person took over, the line ran all the time without any problems.....One day while while at the control panel, it was noticed that there was a extra On-Off Switch that added to the side of the Panel and was in the Off Position......Just for the heck of it, the new person flipped the switch to the "On" Position..........And the line shut down..........Humm!!! ..........Imagine That!
Needless to say.........Line Maintainance Costs and Overtime have been substancially reduced......

Ken

[Salvatore]

Its amazing how much you blame Unions and Democrats for everything!

[kwhizz]

[ QUOTE ]
Its amazing how much you blame Unions and Democrats for everything!

[/ QUOTE ]

Sammy..........I wasn't blaming anyone......Just reporting the Fact's.........It is what it is........

Ken

[kwhizz]

Sammy..............Chill.........LOL



Ken

[Salvatore]

Not ALL Union people and not ALL Dems are bad. There is good and bad in everything. I guess we can blame Wall Street on the UAW or what have you, correct? I am not a UAW member but let up a little. All the musclecars and collector cars that park in our garages, the ones that went up over 1000% in the last few years were UAW built. Lets talk about how corrupt big business and Wall Street has become. Say what you want about Unions and so forth but report all the scams, corruption and lies that go along with big business and the Parties involved. We are in the mess we are in because of greed and corruption from all sides. I'll chill when you ease up!