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  • GMAC Bailout Flaws: No Appreciation of History  [View article]
    First, what is Ford going to do? With the government funding GM, Ford will be at a huge competitive disadvantage. This will probably force them into bankruptcy which is a shame since they are a better run company.

    Secondly, in the long run, none of this will really make much difference. All of the American companies are still stuck with the UAW. Without the spectre of bankruptcy, the UAW has no incentive to negotiate away any of their excessive benefits, so I think the big3 will be back asking for more money in about 18 months. Except, of course,
    Ford because they will need money to compete against GM now.
    Dec 31 08:40 am |Rating: +2 0
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