winslow

Saving the Auto Industry: The Gush-Up Proposal

I'm against providing funds for failing companies. However, a bottoms up approach is more enticing:
1. The Board of Directors is replaced by government selected individuals.
2. All management contract are re-negotiated and salary is based on performance.
3. A new company is formed with new (fair) labor agreements
4. The mandate is for an auto to be manufactured for under $10,000 that achieves at least 35mpg.
5. tax incentives for reaching these goals.
6. tax incentives for citizens to purchase these vehicles and selling low mgp vehicles.
7. production of natural gas vehicles

My initial plan as outlined 2 years ago can be enacted as a large infrastructure play:
1. Provide rapid rail service between large cities
2. Provide Smart Car rental at each rail hub at low rates
3. tax incentive to sell the gas guzzler and purchase a high (35-45mpg) vehicle.