On Thu, 4 Dec 2008 16:18:46 -0800 (PST), oldjag
wrote:
Well, I guess most folks don't really care to much if the US auto
companies fold, judging by the internet postings. If one or more does
fold, who has the capital in the US right now buy up any of the
assets? The cost of admission for new vehicle design is very high.
snip
==============
In case you missed these
-------------
Krugman: US auto industry will probably disappear
By MALIN RISING, Associated Press Writer Malin Rising,
Associated Press Writer – Sun Dec 7, 7:36 am ET
Nobel Prize Laureate in Economics Paul Krugman of the U.S signs a
chair, at the AP – Nobel Prize Laureate in Economics Paul Krugman
of the U.S signs a chair, at the Nobel Prize museum in …
STOCKHOLM, Sweden – Nobel economics prize winner Paul Krugman
said Sunday that the beleaguered U.S. auto industry will likely
disappear.
"It will do so because of the geographical forces that me and my
colleagues have discussed," the Princeton University professor
and New York Times columnist told reporters in Stockholm. "It is
no longer sustained by the current economy."
snip
---------------
for complete article see
http://news.yahoo.com/s/ap/20081207/...D.6Zb mayBhIF
also
-----------------
Senator calls for Chrysler merger, new CEO at GM
WASHINGTON – A key senator says the nation's car companies should
have to replace top executives in exchange for a long-term
bailout package from Congress.
Sen. Chris Dodd heads the Senate Banking Committee. He says he is
hopeful Congress will pass a short-term $15 billion aid package
for the automakers in the next several days. But the Connecticut
Democrat says the companies should have to restructure if they
want a more significant bailout from Congress next year.
Dodd says the companies need quick cash to avoid collapse in the
next several weeks. But over the long-term, Dodd says Chrysler
probably ought to merge with another company and General Motors
should be required to replace chief executive Rick Wagoner.
Dodd says Ford is the healthiest of the Big Three U.S.
automakers.
snip
------------------
for complete article see
http://news.yahoo.com/s/ap/20081207/...Zkf1zkPomyBhIF
Unka' George [George McDuffee]
-------------------------------------------
He that will not apply new remedies,
must expect new evils:
for Time is the greatest innovator: and
if Time, of course, alter things to the worse,
and wisdom and counsel shall not alter them to the better,
what shall be the end?
Francis Bacon (1561-1626), English philosopher, essayist, statesman.
Essays, "Of Innovations" (1597-1625).