and suv market is another huge issue to consider ... we should recall that the electric car failed due to market demand. Hybrids succeeded because they noyt only answered a consumer prefernace for economy but they are also well made and have significantly increased mileage.
The other issue is that manufacturing planst cannot quickly leverage new product lines because the UAW limits the ability of the big three to automate.
Lets not forget that Toyota and Honda create great cars and at reasonable per capita overhead within the USA ...all non union I should add and do so at a profit.
The South is becoming a watershed to consider on how auto manufacturing can be done profitably ...but is being done by our foreign competitors within our homeland
Bonnie OBrien, PHR, CTS, CPC, CSP said:This is an extremely enlightening piece of journalistic work!
The bail out could help the automakers develop more green conscious vehicles, but if oil goes back or stays the same, who wants them! We are a capitalistic society and like our nice gas guzzlers!!!
If the Unions are not prepared to make concessions, than why should all the rest of us? We bail out banks, insurance companies, mortgage companies and now car companies...l what will be next? Maybe someone could bail me out! I am running two businesses with negative cash flow until things pick up and hopefully can last by reducing my salary, not taking a regular year end bonus, putting all revenue back into the company and innovative cost cutting, but when will it end?
Our politicians need to smarten up and get some business minded people who don't have socialist mentalities to get behind this and do what needs to be done with these companies that operate on greed and corruption. There is nothing wrong with making money or earning a nice big $$$ income or bonus, as long as it is not done at the expense of everyone else.
Now, what about our healthcare dilemma?