This may interest you.
Interestingly, here’s what’s happening with the auto industry in Australia. Is it just me or is it starting to look like the “auto industry” all over the world is too 20th century?
Excerpt (link follows):
Carr refuses to reveal how many car industry jobs to go
Senator the Hon Eric Abetz
Deputy Leader of the Opposition in the Senate
Shadow Minister for Innovation, Industry, Science and Research
$34 million in car package for worker redundancies
Today in Senate Question Time Industry Minister Kim Carr refused to reveal how many car industry jobs the Government expects to be lost through their car package.
And just one day after the package was released, he also attempted to lower expectations about its impact by stating “I do not make promises that this government cannot keep”.
It beggars belief that despite setting aside $116 million for structural adjustment assistance, including $34 million specifically for “labour market assistance” for retrenched car industry workers over the next two years, that the Minister has no idea of how many jobs will be lost.
Labor came to office on the promise of “saving” Australia’s car industry, yet already more than 3,000 jobs have been lost in the sector in less than one year of Rudd Labor Government.
http://www.liberal.org.au/news.php?Id=2036
If this bailout happens, it needs to be after the big three declare bankruptcy and deal out the UAW. The companies have more capacity for production than they have customers, bye bye employees.They can survive without the union leeches
The UK Guardian is absolutely correct about this, which defies belief.
Prez Bush and the Republicans in congress must do NOTHING!! before Jan.20.
Let Prez Obama and the Dems take ALL the blame for the creeping socialism.
The GOP was conned into signing off on the first big attack(the bailout)on the free market.
It must not happen again.
At this rate Toyota could just buy the Big Three, I think they have something like $85 billion cash on hand, should do the trick.
Marker
regards
alfa6 ;>}
U.S.News & World Report
10 Cars That Sank Detroit
Friday November 14, 5:34 pm ET
By Rick Newman
The global financial crisis is suffocating the Detroit automakers, but the problems at General Motors, Ford, and Chrysler have been festering for years—even when the mighty “Big Three” were earning billions. Aging factories, inflexible unions, arrogant executives and shoddy quality have all damaged Detroit. Now, with panicky consumers fleeing showrooms, catastrophe looms: Without a dubious federal bailout, all three automakers face the prospect of bankruptcy.
There will be plenty of business-school case studies analyzing all the automakers’ wrong turns. But, as they say in the industry, it all comes down to product. So here are 10 cars that help explain the demise of Detroit:
Excerpt: Go to the link below for the story:
http://biz.yahoo.com/usnews/081114/14_10_cars_that_sank_detroit.html?.&.pf=insurance