What will the White House do?
Wow. Another billion. Tens of thousands of jobs on the chopping block. Yet, if the yearly run rate for auto sales doesn’t climb above 11 million units per year in the next couple years, much more tax-payer money will be quickly needed.
Plus, the UAW healthcare fund is still not resolved. billion in debt still needs to be secured. Thus, there is still no guarantee that either Chrysler or GM won’t need even more money as part of this plan.
Add California’s EPA waiver and, suddenly, the Big 3 are supposed to focus significantly more product development on products that the Big 3 can’t seem to make a profit developing?
How viable does that sound?
Recent Comments