CHAPTER !! FOR DETROIT BIG 3 MAY NOT BE A BAD THING - COULD BE ALL GOOD

[Morpheal]

Chapter 11 is far from the end of the US car industry.

It may be the beginning, not the end.

Nationalized R&D could save the industry billions while favoring environmental goals.

One national lab for innovation and invention in automotive transportation is a better idea than 3 competing corporations
trying to fight it out with the overseas competition. Each their own is a thing of the past. It's time for change. The pay back
for inventions is easy. Royalties. If GM sells a certain number of cars their royalty on invention is that times a set fee per car.
Same for Ford. Same for any other participant. No jealousies and no big headaches. We are not talking small design changes,
or model stylings. We are talking major technological innovations, and those become more possible.

Shedding non core industries that are part of the Big 3 empires would raise capital for core business, and alleviate some of complexity.
They make things that have little or nothing to do with cars and light to medium capacity trucks. Some of those businesses are worth significant money and there are companies out there who would be interested in buying them, who specialize in those areas. So you
sell off what isn't core, and you fund your core business area. It's an old strategy but not as much in America as in Europe.

Nationalizing (selling off to Uncle Sam) the military component would ultimately improve security while reducing government cost both in terms of R&D and a profitless balance sheet. Uncle Sam does not have to pay the profit portion in that instance. That's a significant chunk of money. Uncle Sam also does not have to be concerned with what the costs of competition add to the equation. Process as to dealing with multiple potential suppliers was always a big cost factor. It need not be. It can all be done for less money and done much more efficiently. Plus, no cheating. Cheating was always expensive too. You have to monitor and guard against it. It becomes much less of a concern, and you eliminate costly waste.

So it could all be good.


Robert Morpheal

[aquart]

1. And the pension fund?

[ColbertWatcher]

2. Why won't they go Chapter & ? n/t

[JDPriestly]

3. Bankruptcy would shift the Big Three's obligations to their

retirees to the government -- not good. Not good for America. Not good for the retirees.

The Big Three could join together to do the things you suggest without bankruptcy and while fulfilling their promises to their former, now elderly or disabled, employees.

[DainBramaged]

4. Right, and all of the smaller players who sell to the Big 3 on net 30/60/90 day terms

they get to go bankrupt too? The dominoes fall. Why is it so may "new" members here are telling us what's good for the Big 3 and it's Union members? And so many experts not affected by this catastrophe in the making?

[bluecollarcharlie]

5. Because they don't care.

Also they don't have any solid connection to the industry. They only see what's in front of them, not around them. And if some have a special bent to see the industry fail because they don't like the industry or it's unionized workers or Detroit anyway, any crackpot theory will do to justify it's demise.

"Bankruptcy? It's a good thing. Yeah, there will all sorts of calamities but in the end it'll all work out."

"Massive unemployment? Look,these people can be retrained,okay? I know there's that massive unemployment thing to work around and the jobs they train for might pay crap and/or even be gone but that will be their problem. We just want them to be trained for..something."

See? Any crackpot theory will do.

[northernlights]

8. Um, note the "new" member's...

...use of caps, not to mention the telltale !! instead of 11.

Says it all.

[DainBramaged]

6. I have a question. What do YOU do for a living?

[sarcasmo]

10. He doesn't work for the big three.

[lostnotforgotten]

7. Chapter 11 Allows The Big Three To Renegotiate Labor Contracts Via Judge Supervision

This will be another nail in the hide of labor.

[sarcasmo]

9. Under a Chapter 11 the pension will have to be handle by the Government and the Retirees will loose

Their health care. 35 years my father worked for GM and now this, what a Christmas this will be.

[PassingFair]

11. Their suppliers will be *ucked.

Unions will be *ucked.

Chain reaction in the economy.

Misery all around.