On 20 Dec, 17:56, Jim Higgins <gordian...@hotmail.com> wrote:
> On Dec 20, 8:25*am, "Rock Hardson" <RH...@yahooo.com> wrote:
>
> >http://www.washingtonpost.com/wp-dyn...08/12/19/AR200...
>
> > I suspect once the US auto industry gets on a level field the foriegn
> > companies may be in for an ass kicking.
>
> The Detroit mindset of looking no further than about the next quarter
> or two will not be changed by the bailout. *The Japanese have accepted
> near term losses for long term gain, an idea that is anathema to the
> Detroit 3 (*not* the Big Three anymore). *Detroit is not too big to
> fail:
>
> Why Detroit Is Not Too Big to Failhttp://www.time.com/time/business/article/0,8599,1867847,00.html
>
> The Remains of Detroit (slideshow)http://www.time.com/time/photogaller...810098,00.html
>
> Detroit's "best" hope is a forced bankruptcy reorganization to change
> the outdated and lethal mindset that has done them in.

A slow death is what is being processed.
An ordered C7 is under way.
GM is so bloody big that it needs to be closed down in parts.
The cost of closing is being sent to the taxpayers.
The question of interest is if any more cars people do not want need
to be built.
There is a huge surplus out there already.
It will be interesting what comes after the collaps.