Car Companies

I have been watching the "stuff" on TV about the car company big dogs going to DC with their hat in their hand. I am somewhat baffled by the differences is how the government coughs up billions for the financial institutions but is balking for companies that actually make things.

I have worked for auto parts suppliers for many years now. I never wanted to but I got sucked in by living in Michigan. I have now been "eliminated" by two of them. The latest action has relieved me of untold frustration and stress. I had direct contact with all of the "Big Three" in many of their domestic, Mexican and Canadian assembly plants. The relationships are adversarial, disrespectful, and for the most part just demands to satisfy egos.

Today there was a Detroit UAW local representative interviewed in connection with the government bail out. He mentioned they will be taking on the pension costs and they are thinking of eliminating the job bank. That was talked about as if these were new ideas. The former was already agreed upon in the last contract and the later never should have been implemented in the first place. To think that an assembly line operator can expect to be paid 95% of their pay if their jobs are eliminated is unbelievable.

I really think the market needs to decide what is going to happen to these companies. The management lives only in quarterly chunks of time and has no vision for the future. The market has been glutted by "luxury" trucks and SUV's that few really need. Then when the gas price goes up, the vehicle value drops and everyone wants to know why there are no small fuel efficient vehicles available. The market bought the vehicles and the car companies sucked in the profits.

Look at Honda's web site: they make cars, motorcycles, solar cells, jets, recreational power equipment, and marine engines. All leaders in their technology and innovation and in the markets.

Can GM, Ford, or Chrysler say that even about the cars and trucks they build?