They just seem to be like the proverbial ne'er do well brother-in-law who is always looking for a handout. What is it with them?
We are only bailing out GM, Ford & CVhrysler, and Ford announced it does not need any money.
Honda, Nissan, Toyota, never are even mentioned when it comeds to Bailout money.
It seems only GM and Chrysler oare on life support.
I call it poor management.
First off: Do you own or lease an auto manufactured by Ford, GM or Chrysler?
The fact of the matter is most Americans don't own American cars anymore. Errr...well cars manufactured by American corporations. The foreign car manufacturers began making fuel efficient cars a long time before the gas hike. The American car industry concentrated on the "Soccer Moms" of the U.S. and focused on gas-guzzling SUVs and Trucks. Thus when gas prices climbed to $4/gallon, people rid themselves of the 13 mpg Explorer and traded in for a 35 mpg Prius or Honda.
That's only one of the issues. Cheap parts and ripping off the American customers was another. Poor management within the industry another...the UAW another, etc, etc, etc...
because without the car industry there will be no oil industry and without the oil industry, the monster we call America will collapse causing all the blood and money hungry C.E.O's to go on a killing spree thus causing Armageddon
Do note that Toyota is now on life support from the Japanese government too. All the car makers were hit by sales drying up from the credit crunch.
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