If GM and Chrysler go bankrupt (thus taking their suppliers with them,) would Ford be far behind? Would that not in essence mean the end of the American auto industry? I doubt that the powers that be would allow that to happen.
Regards,
Maybe they should cut production and lay off EE’s til it picks back up.
American industry continues a slow death
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Soon to follow, thanks President Einstein
Soon, the Big 3 US automakers will be Ford, Honda, and Toyota!
GM and Chrysler may not make it.
They need to get out from under their middle of the road status among drivers.
They need to spin off a subsidiary company to make expensive, exclusive range , snob appealing cars.
They still make Steinways in New York.
They’re (government/industry/union/judges/propagandists) are already floating the new lexicon, “managed bankruptcy” (managed economy/life anyone?) where they offload much of the legacy costs on EVERY U.S. taxpayer. Some of hard-working retirees (with no voice) are in effect told to eat a crap sandwich and die. Then the government/industry/union/judges/propagandists/fascists/collectivists can emerge from this with happy faces, take some pictures, talk to each other, kiss some babies and do some greasy gladhanding before they move forward to their next scam.