[FoRK] Let GM and Chrysler die

Joe Barrera j3 at barrera.org
Fri Nov 14 14:49:28 PST 2008

I thought this was an interesting article...


"In fact, these three Detroit-based companies COMBINED no longer
control the lion's share of the American automotive market.
Foreign-owned manufacturers– the so-called transplants– account for
over 50 percent of all new vehicle sales within the U.S. For better or
worse, they constitute the core of the American automobile industry."


"And don't forget another, equally salient detail: Detroit-based car
companies are, right now, importing hundreds of thousands of cars and
millions of parts from outside U.S. borders. For more than a decade,
Ford, GM and Chrysler have been Hell bent on "saving" the American
automobile industry by destroying it, sending U.S. manufacturing jobs
to Canada, Mexico, South Korea, China and elsewhere."


"On the downside, a federal bailout screws the consumer. It would help
prop-up new car prices, stifling the kind of competition that leads to
innovation, and increased value-for-money. As far as the
non-Detroit-related taxpayer's personal pocketbook is concerned,
letting American-owned automakers fail is the best possible course of
action. The American consumer would get a better product at a lower
price, for no extra charge."

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