VH_Supra26
11-16-2008, 07:40 AM
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55% of respondents supported government funded loans for the auto industry
A survey funded by General Motors has found that a large majority of Americans are in favor of government support for the automotive industry, with 55% of respondents agreeing the government should provide loans to the Detroit 3. According to the survey, only 30% actually opposed providing the loans.
The poll was conducted by Peter D. Hart Research Associates, and was funded by GM although the carmaker had no part in the "design, methodology, content or interpretation" of the poll's results. you can download a PDF file of the results by clicking here.
Earlier this week, USA Today released its own poll which said bailing out the carmakers was not high on the public's list of economic priorities, however the poll conducted by Peter D. Hart found that 69% of respondents thought that government support of the auto industry was "just as important" or "more important" than supporting financial institutions. The poll also found that only 9% of respondents thought it was unlikely that the U.S. would go into an economic depression if any of the Detroit 3 were to fold.
Interestingly, the majority of respondents were strong Democrats who drove Ford and Chevrolet vehicles, which may have skewed the results towards a more favorable outcome for support of the American automotive industry.
GM is in dire need of capital, with its cash reserves expected to run dry in the first half of next year. The General has been forced to stop development on certain new vehicles, delay other scheduled vehicles and cut its costs drastically all in a last ditch measure to increase liquidity. GM is currently not planning on selling any of its brands except for Hummer, but it will be selling assets soon to raise much needed cash.
All Content Copyright 2006-2008 Motor Authority
http://www.motorauthority.com/survey-finds-most-americans-support-detroit-3-bailout.html
55% of respondents supported government funded loans for the auto industry
A survey funded by General Motors has found that a large majority of Americans are in favor of government support for the automotive industry, with 55% of respondents agreeing the government should provide loans to the Detroit 3. According to the survey, only 30% actually opposed providing the loans.
The poll was conducted by Peter D. Hart Research Associates, and was funded by GM although the carmaker had no part in the "design, methodology, content or interpretation" of the poll's results. you can download a PDF file of the results by clicking here.
Earlier this week, USA Today released its own poll which said bailing out the carmakers was not high on the public's list of economic priorities, however the poll conducted by Peter D. Hart found that 69% of respondents thought that government support of the auto industry was "just as important" or "more important" than supporting financial institutions. The poll also found that only 9% of respondents thought it was unlikely that the U.S. would go into an economic depression if any of the Detroit 3 were to fold.
Interestingly, the majority of respondents were strong Democrats who drove Ford and Chevrolet vehicles, which may have skewed the results towards a more favorable outcome for support of the American automotive industry.
GM is in dire need of capital, with its cash reserves expected to run dry in the first half of next year. The General has been forced to stop development on certain new vehicles, delay other scheduled vehicles and cut its costs drastically all in a last ditch measure to increase liquidity. GM is currently not planning on selling any of its brands except for Hummer, but it will be selling assets soon to raise much needed cash.
All Content Copyright 2006-2008 Motor Authority
http://www.motorauthority.com/survey-finds-most-americans-support-detroit-3-bailout.html