A federal bailout for automakers Chrysler and General Motors won’t fix their problems. I think a bankruptcy of these companies is nearly inevitable.
It might also spell the demise of the UAW.
The weakest of the Detroit Three, Chrysler LLC and General Motors Corp., said they would run out of cash in 2009, potentially
eliminating tens of thousands of jobs in Indiana alone.
Good luck getting people to buy from local vendors or manufacturers.
The Big Three and the United Auto Workers do not appear to be serious about making the concessions and changes that are necessary
to make them a viable entity for the long haul.
As struggling General Motors Corp. tries to raise cash by unloading Allison Transmission, the fate of the city’s third-largest
manufacturer hangs in the balance. But analysts say its market dominance, strong management team and abundance of private
equity could spare it the fate of other auto plants here.
