swamprat69er |
03-06-14 06:58 AM |
Quote:
Originally Posted by Wolferz
(Post 2182206)
Funny you should mention that. General Motors was always kind of pricey with their parts. Then they began importing them from foreign manufacturers, getting them cheaper but still charging domestic prices. Makes me wonder why they needed to be bailed out when the recession started. So they had trouble selling their cars but still made bank on parts.
Greed from their investors and management?
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Back in the day when one could actually fix a car/pickup themselves I ran GM's exclusively. 64 Pontiac, 2 59 Pontiacs, 65 Chev, I could get all my parts from the wreckers. (you need to remember that I had 6 Auto wreckers with 30 miles of me, plus all the farmers that always had one or two derelicts laying out in the field.) Parts were easy to get and easier to match up. Parts were cheap. Parts were also made in either the USA or Canada. Now the parts are made in Mexico or another third world country and they are expensive. I think Corporate greed is involved there, big time.
My money bailed out Generous Motors, but I haven't seen one thin dime of it back in interest. As far as I am concerned, I will never own another GM vehicle again.
My Jeep Wrangler has been really reliable and the parts are expensive, but when this one is no longer fit, I will get me another one.
I think that the only truly greedy ones there are the corporate management.
I don't see a problem with investors getting dividends on their money IF the company is making money. But if it is not, then why not cut the dividends a bit? It has been done before and companies have survived.
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