[HOZ]

Originally Posted by Phanuthier

You know, all this talk about the jobs being lost and whatnot - maybe I'm missing something here, but if there's no bailout, can't/won't companies like Toyota and Ford just acquire portions of GM, Chrystler and Ford super cheap (ala JPM buying WaMu; BoA buying ML, super cheap) as well as their facilities? Rather then have their fixed assets sitting around doing nothing, they'll probably get sold to another car company to use, and with that, skilled labour will be acquired as well. (It might require a government loan - I wonder what happened to that $700B anyways?) Sure the $30 per hour floor sweepers will be out of a job, but skill workers will probably should be able to find jobs in the new environment, no? Plus, under new management (Toyota, Honda, et al) those UAW contracts get replaced by new ones that are, lets say... a little more capatalist.

Or if the feds don't want all of them in the tank, maybe save one, consolidate what you can of the big 3 into 1, and sell the rest of the assets to the overseas car manufacturers. Ford seems to have assets that they are selling to raise capital, maybe they'll survive. Buh-bye, GM - good riddance.

Last night on NHK all Japanese manufacturers have announce they are layoff workers due to slumping sales. So I would assume they are not exactly in the position to be buyers. Maybe...