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I think what is interesting to examine is whether the bankruptcy of these three particular companies would leech all the jobs and potential to make money out of
by sh1mmer 18y ago
I think what is interesting to examine is whether the bankruptcy of these three particular companies would leech all the jobs and potential to make money out of the Detroit Metro area.
Personally, with such an abundance of skilled workers I'd be surprised if other manufacturers didn't pick up the pieces and carry on. However the concern is say the Japanese car giants stepping into the market without reinvesting in that area or the US economy as a whole.
- pchristensen 18y agoThe foreign car companies are in a position to act strategically (unlike the domestics whose hands are so tied they can barely act). If the physical and human assets of the Big 3 went on the market, Toyota and others would swoop in and buy them up, bring it up to date, and hire those recently unemployed workers to build cars for the US economy and to export. They wouldn't be city patrons of Detroit like the Big 3 were, but the Big 3 have been broke for so long that their patronage is just historical anyway. I bet Detroit would be much better off if foreign car companies moved into the space abandoned by the Big 3.