mcbain

Is One Automaker Default Almost a Sure Thing?

Too busy to list much, but for Ford, they now have quality equal to Toyota (per independent surveys), multiple cars with 5 star safety ratings etc.

Is One Automaker Default Almost a Sure Thing?

The auto industry supports about 9 jobs for every 1 auto worker. About 1 in every 100 US citizens get their health care through Ford, GM or Chrysler. The domestic auto companies spend about $19 billion a year on R&D, 80% of which is spent in the US. Yes, if one went bankrupt the impact would be far reaching indeed. I say bail them out if they have a good restructuring plan. Also, do something about the trial lawyers. The auto companies have been hammered with crazy law suits where a drunk, not wearing a seatbelt, speeding, flips there SUV and the jury awards the guy $50 million. Need tort reform big time.