big 3 and the news

[Jim Nilsen]

Originally Posted by rwhite692

Regardless of how we feel emotionally about the merits of any particular industry, the fact is that ANY company, in ANY industry that does not have cash reserves, and diminished access to credit, when faced with a huge decline in sales, is going to have major problems surviving.

The US automakers have been vulnerable to this scenario playing out for a long time. They used to have a war chest to fall back on, but have been "swimming naked" for years now. And the tide has gone out.

I really hope they do continue to get help from the government and investors, as the reformation is going to take years, not months. They will have to become smaller companies and will also need legislative help from the government in order to prevent the foreign transplants from continuing to have unfair tax advantages from the individual states.

Exactly