Comments on: Detroit is Already Bankrupt

By: DavidB

DavidB — Sat, 22 Nov 2008 07:49:07 +0000

They should only offer help if they merge with a foreign car company. The problem with Detroit is the inbred car culture. They need to get some outside of Detroit management in there that is not chosen by current management. It is not time to change the ball team, just the GM(pardon the pun), Fresh thinking and ideas are what is needed. Also, merging with a Honda or a Toyota will help those companies not only right size the automotive market but also do it in a way that will provide as little disruption to the auto industry(the parts market) as possible

By: leftback

leftback — Sat, 22 Nov 2008 04:02:46 +0000

They will drown, break up or sell one or two of the Big Three.
I bought F as I think it will survive.

Someone from Japan will buy the Saturn unit, it is excellent.

By: notsofastfriend

notsofastfriend — Sat, 22 Nov 2008 00:38:46 +0000

I like it, concise and well thought through. Bankruptcy… Clean slate… No Government product development strings attached. Sounds like a good foundation to rebuild our production base.

By: wunsacon

wunsacon — Fri, 21 Nov 2008 22:44:14 +0000

As goes Detroit, so goes the nation?

Outsourcing/importing killed Detroit. But, the “better quality and/or lower cost” can apply to any industry now; not just to blue collar work. Ever since we’ve been “importing white collar work and/or exporting white collar jobs”, haven’t we set the rest of the country on the same trajectory?

Perot’s Giant Sucking Sound has been with us all along. But, for many people (and especially MSM and business mags), it was just background noise masked by the commotion of two bubbles and a war.

We’ll learn soon enough.

By: Douglas Watts

Douglas Watts — Fri, 21 Nov 2008 22:05:25 +0000

“Executive pay isn’t the problem in Detroit; and the companies will have to build more fuel-efficient cars to satisfy the market, not to meet mandates.”

This is standard issue WSJIdeological cant. Limiting executive pay never solves anything. Requiring increase fuel economy never accomplishes anything. It’s not the Big Three that have not learned anything. It’s the WSJ.