only 1 corvette !!!

[Clem Z.]

http://www.detnews.com/apps/pbcs.dll/article?AID=/20090223/AUTO01/902230327

[Bruce B.]

Re: only 1 corvette !!!

Only one Corvette is not surprizing to me.

But how about the fact that most of the people (75 %) on the Auto Industry Advisory Board drive foreign cars....

Another questionable decision by the "Change Administration".

[Jeff G.]

Re: only 1 corvette !!!

Pretty depressing article. With no fans in D.C., it looks like the big 3 have a very, very long road ahead.

[Erik S.]

Re: only 1 corvette !!!

mmmm - Biden; born in 1942; wedding present; might be a one owner car

[Jim T.]

Re: only 1 corvette !!!

The survey should of also listed the vehicles that they lease and have in their household.

[Terry M.]

[Terry M.]

Re: only 1 corvette !!!

How often do we see them being transported in black Suburbans? That is what most of the ride in "for security purposes."

[Steven B.]

Re: only 1 corvette !!!

This list is really no different than the make up of auto ownership around the country. If there was a top heavy run of American cars in this list, it would show that Detroit should not have any problems. In fact, the lack of American cars is really just magnified of the larger problem with Detroit. The foreign cars outnumber the American ones. However, two points. Some of these cars are made in the southern U.S. (Honda and Toyota) so they are at least buying American produced cars. And I would hope that any presidential administration, whether Dem or Rep. would not hire department heads solely based on what they drive. Making the claim that it isn't "change" because these 50+ year old people don't all drive home-grown Detroit cars is just simply ridiculous! What is more noticeable is the lack of true "luxury" cars, like Mercedes, Jags and the like. These are government people living on government salaries.

[Clem Z.]

Re: only 1 corvette !!!

This list is really no different than the make up of auto ownership around the country. If there was a top heavy run of American cars in this list, it would show that Detroit should not have any problems. In fact, the lack of American cars is really just magnified of the larger problem with Detroit. The foreign cars outnumber the American ones. However, two points. Some of these cars are made in the southern U.S. (Honda and Toyota) so they are at least buying American produced cars. And I would hope that any presidential administration, whether Dem or Rep. would not hire department heads solely based on what they drive. Making the claim that it isn't "change" because these 50+ year old people don't all drive home-grown Detroit cars is just simply ridiculous! What is more noticeable is the lack of true "luxury" cars, like Mercedes, Jags and the like. These are government people living on government salaries.

the new administrartion is plannming to buy $600 million in new cars i hope they are cars from american OWNED car companies where the money would stay HERE in the USA.

[Ridge K.]

Re: only 1 corvette !!!

This list is really no different than the make up of auto ownership around the country. If there was a top heavy run of American cars in this list, it would show that Detroit should not have any problems. In fact, the lack of American cars is really just magnified of the larger problem with Detroit. The foreign cars outnumber the American ones. However, two points. Some of these cars are made in the southern U.S. (Honda and Toyota) so they are at least buying American produced cars. And I would hope that any presidential administration, whether Dem or Rep. would not hire department heads solely based on what they drive. Making the claim that it isn't "change" because these 50+ year old people don't all drive home-grown Detroit cars is just simply ridiculous! What is more noticeable is the lack of true "luxury" cars, like Mercedes, Jags and the like. These are government people living on government salaries.

Steve, the current salary for the Secretary of the Treasury is $191,300 annually, plus a benefit package second to none. Living on Government salaries?
Ridge.

[Clem Z.]

Re: only 1 corvette !!!

Steve, the current salary for the Secretary of the Treasury is $191,300 annually, plus a benefit package second to none. Living on Government salaries?
Ridge.

biggest mistake among many i ever made was turning down the postmaster's job in my home town when my uncle left for a postmaster's job in a larger city. STUPID!!!!!

[Donald B.]

Re: only 1 corvette !!!

the new administrartion is plannming to buy $600 million in new cars i hope they are cars from american OWNED car companies where the money would stay HERE in the USA.

Please explain "American OWNED Car Companies" - all these companies are public and the owner's live all over the world. I own GM stock and my Nephew owns Toyota stock - what is the difference? Look up the American Content of all cars - some Toyotas have a greater American Content than the "American" cars.

If you want to keep your money in the USA - your purchasing decision should be based more on the American Content than where a company's headquarters is located.

[Clem Z.]

Re: only 1 corvette !!!

Please explain "American OWNED Car Companies" - all these companies are public and the owner's live all over the world. I own GM stock and my Nephew owns Toyota stock - what is the difference? Look up the American Content of all cars - some Toyotas have a greater American Content than the "American" cars.

If you want to keep your money in the USA - your purchasing decision should be based more on the American Content than where a company's headquarters is located.

my guess would be the profits from the transplants would go back to the country where the company is incorporated

[Ridge K.]

Re: only 1 corvette !!!

Please explain "American OWNED Car Companies" - all these companies are public and the owner's live all over the world. I own GM stock and my Nephew owns Toyota stock - what is the difference? Look up the American Content of all cars - some Toyotas have a greater American Content than the "American" cars.

If you want to keep your money in the USA - your purchasing decision should be based more on the American Content than where a company's headquarters is located.

Technically, Donald is correct. American citizen investors may purchase ADRs (American Depository Receipts), which are similar to shares of common stock in a foreign based corporation.
Presently, there is roughly 3 billion, 400 million outstanding shares of Toyota stock.
The top three stock holders of record are (1) The Master Trust Bank of Japan, LTD. , (2) Japan Trustee Services Bank of Japan, LTD,. (3) Toyota Industries Corporation. These three concerns alone control close to 700,000,000 shares. Most experts say a hostile takeover of Toyota is an impossibility, as Toyota owns 23% of their own common stock.
If an American investor would invest $1,000,000.00 (one million US dollars) in Toyota ADRs, at yesterdays low bid price of a few cents over $61 dollars per share, the investor would own roughly 16,393 shares.
Toyota pays dividends semiannually.
In fiscal year 2008, Toyota paid a cash dividend of $2.58 per ADR.
Your one million dollar investment MAY pay you $42,295.08 in dividends (if the dividend isn’t cut, as rumored).
You can do the math yourself, if you only owned 1,000 shares, or say,…100 shares, what your divdend would be..
Overwhelmingly, Toyota profits are going back to Japan. How much money? For the 2007 business year ending in March 2008, Toyota had a record net profit of 1.7 trillion yen (or about $17 billion).
Today’s profits at Toyota only rank behind a couple major oil companies, as the largest on earth. A far cry from Toyota’s early days manufacturing military trucks for the Imperial Japanese Army, during WWII.
Now, back to Corvettes. I received another email days ago, offering a price deduction, if I would purchase a base model, 2009 Corvette.
Ridge

[Jim D.]

Re: only 1 corvette !!!

I own GM stock and my Nephew owns Toyota stock - what is the difference?

Your nephew is smarter and your stock is worthless.