Motown Express's Comments

Subscribe to the Travel Journal
Map of Andy's Present Location
About
This is the Travel Journal of Andy HoboTraveler.com

Daily Travel Tip
Daily Photos

Thanks to Mom, Dad, Family and Friends and Boy Genius From India

Motown Express's Comments

motown express commented about Auto Industry Bankruptcy Play, On Friday December 19th, 2008 11:45:00 PM

The US auto industry will not go bankrupt. They were declaring record profits as recently as 5 years ago. They made a big mistake by betting the farm on large trucks and SUV's right before energy prices spiked. But fundamentally they produce a quality product. Its more a question of proper design. They need wage cuts (for workers and management), pension and bondholder renegotiations, and a new focus on smaller high-efficiency vehicles. They were almost shuddered during the great depression, but survived that and came roaring back. They will do it again.

Comment About Auto Industry Bankruptcy Play




Travel Journal by Year
Bio and Links
Top Travel Journal in...
HOME TRAVEL JOURNAL DAILY PHOTO BUY GEAR VIDEOS NEWSLETTER MISSION PRESS ABOUT CONTACT
HOBO? ADVERTISE LOGIN HOBO BIOS SUBMIT LINK SUBSCRIBE NEWSLETTER SUBSCRIBE JOURNAL

© 2009 HoboTraveler.com All rights reserved.