Quote:
Originally Posted by Ebbs15
EXACTLY... I firmly believe that if Toyota or Honda was a American founded automaker... all the other domestic brands would have been bankrupt long ago. they sell on the fact that 1 they're cheap and 2 that they're made in the US.
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If the concern is that GM is "too big to fail" because of the loss of all those American jobs, why would Honda, Toyota, Nissan, etc. not build new plants and hire those displaced workers?
Wouldn't that give the US a domestic auto PRODUCTION industry without all the bad administrative and benefits legacy problems of Ford, GM, and Chrysler?
If GM, Ford, and Chrysler were gone tomorrow, what would Americans buy? Who would produce those cars?
Sometimes bankruptcy helps an ailing company to become profitable. Other times it helps an irreparably damaged company cease to exist.