I don't know John N. For weeks now, we've been hearing about the woes re: the auto industry. Now Ford says they don't need the bailout, but the other two are asking for thr alms. In another post, I showedthat GM and Toyota sold the same number of cars world-wide, but GM showed a hugh loss while Toyota showed a huge profit.
All of them, upper management and union workers have been living way high on the hog and there are strict restrictions for the US auto makers in the design and manufacter of their products. The US auto producers are being forced to produce a product no car buyer wants. We are comfortable in what has been made in the past and now they think I will buy a auto that has to be charged with juice every 50 or so miles? I don't think so. I enjoy the heft and the comfort of my full-size pick-up and I have pleanty of steel surrounding me while I am driving.
There is no plausible reason for us not finding enough petroluem product to economily drive WHAT I WANT TO. These da*n tree huggers cry global warming while just this week, and today, Louisiana had snow and from Las Vegas to the southern part of California has snow right now. And I'm not talking about the mountainous region. In fact, 2008 is proving cooler than previous years so this global-warming BS is just that, BS. Meanwhile, we follow and believe these clowns with little or no proof of such an occurance happening.
Back to the WELFARE the auto industry wants, WE should demand a strict accounting of all functions that invole the companies. To put our grand kids at such risk to pay back - we better make a damned good return on the investment. Management and labor unions can rot in hell first. They laid in their bed, now they can re-make it.