According to the senior Republican on the Banking Committee who doesnt believe that there will be any improvement in the auto industry until the top management are ousted. Then he says he thinks that the manufacturing operations need to be revamped.
His remark was
Quote:
|
I dont think they have immediate plans to change their model, which is a model of failure.
|
On the other hand, Barney Frank disagrees with that whole assumption. Frank seems to think that Detroit is running out of time.
Rick Wagoner warned that if the auto industry fails, it could mean losing 3 million jobs, and this would be during just the first year, and that it would have a country wide effect.
Will the big 3 get the $25B it wants to try to save them? Or will restructuring be the answer instead of monetary bailouts?
11-19-2008, 09:00 PM
Auto management needs to go?
Linear Mode
