Fastlane12

Automaker Bailout Is Just Buying Time

Finally, a comment on SeekingAlpha that has been researched and offers a balanced view of this disaster. The road to recovery for American industry - automotive or otherwise - comes only when consumer confidence returns and the credit markets stabilize. The American auto industry is part of the GLOBAL economy and manufactures products all over the world that are fully competitive in the markets they serve. The current overhaul will bring down the volume required to break even and in the long term, is the path to profits and strength. One factor not mentioned is the essential contribution these companies (mostly GM) is making to developing the next generation of transportation. Without American participation in bringing these technologies to the showrooms, we face even further weakening in our capabilities as a county...