If we bail out the US auto industry, should we force them to hire their CEO's from

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Toyota and Subaru? You don't see Japanese plants in the US closing. Some are currently under construction! So if we bail out GM, Ford, and Chrysler, should we force them to hire their new CEOs from the management teams of Toyota, Honda, and Subaru?
 
That would probably be a good idea, but if we were really serious about reforming the US auto industry we need to get rid of or drastically reform the UAW. They're like a cancer on the auto industry (like most unions are). But that's not going to happen because unions are a liberal interest group, which is the main reason they're getting a bailout in the first place.
 
1 out of 8 people work in the auto industry.

We drove the auto industry to make SUV's and Trucks. The economy has changed within the last year and now we expect that they should be able to throw out economy cars as quickly as it takes to bake a cake. It's my understanding it takes 18 months to get a car in the field from it's original conception. And isn't Toyota down in sales as well?

The big 3 are the only auto make that have to deal with the Union. It makes it difficult to be competitively priced. It would be interesting to know how much the union cost drives up the cost of each vehicle built.

As far as mileage. We have a Big Truck for recreational purposes. Dodge Ram 3500 Diesel. We started buying Diesel vehicles when the cost of Diesel was a lot cheaper than gas. We are paying today $3.08/gal which is great. Anyways we know from inside sources that the Cummins engine that is in that truck initially got 50+miles/gal. The government then put on all of their restrictions and now it gets 21 mpg. Which still isn't bad for the size of truck. My point is you need to realize the costly hoops that we have to jump through in order to keep the government happy.
 
Not just ceos but the whole mindset of making low maintenance high quality cars like the Japanese.
 
A big part of the problem isn't the CEOs, it is the unions. Toyota, Subaru, Honda, Hyundai, and BMW don't have to deal with the UAW. All of the extra costs the UAW has placed on the American automakers has taken a huge toll over the years. We need right to work laws so that the employee can choose whether or not to be in the union. This could go a long way in helping the Detroit Three.
 
Japanese plants are very different from American run plants, and yes it may be a good idea to have an outsider with a proven track record go in the evaluate the system. But even the Asian auto market is being hit by the credit crunch (which really takes us back to the bad banking policies). Found out the only way to get credit to purchase a car these days is to have a "excellent" credit score.Getting a auto loan now is like applying for a mortgage. No more sign and drive deals. I heard on local Detroit News station that around 60,000 have been denied credit so they couldn't buy a car. I don't think an Asian auto exec is the answer, I think it is an issue of new Banking execs. (although I do agree that auto companies haven been working in an old outdated system that needs innovations)
 
I'm not a great fan of Fox news. So don't automatically label me as hard core conservative. But I do like watching Neil Cavuto. Neil had an interesting suggestion. Since the CEOs led their companies down a path of destruction, should any company who accepts government aid be required to dump those CEOs as a condition to get the bailout? With no golden parachutes?

But then did we (the voting public) do much different? Congress makes the laws companies operate under. And we sent over 90% of the old crowd back to Congress. That's over 90% of the people who let all this happen in the first place are being sent back to change what's going on?

Einstein said doing the same thing today you did yesterday and expecting different results is the definition of stupidity. Well have we been stupid?
 
If we bail them out, we should force them to start making economical cars that get 50+ mpg and cost under $20,000...we should also tell them to make CARS and stop with the trucks and SUVs.

If it were up to me though, I would let them close. The auto industry is taking their own sweet time with innovation. They know what they need to do to survive, but refuse to. Game over.
 
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