Car Wars: The Next Generation; CHINA!!!
I just saw a network nightly news report that a Chinese company is ready to export all-electric cars to the US, beating out GM and friends by a few years. How so? This Chinese company is no famous, industrial powerhouse. But it does illuminate the artherialscloroses (ah, man, where's the spell checker?) of the US car companies. GM had an electric car, the EV1, until it killed it's own child and future. It does seem as if the US car companies will not fare well in the next few years.
To answer all those tearful, heart-rending stories of retirees and beneficiaries receiving free $$$ from the big 3. What will become of my income? You are correct in being scared. There is no way that your benefits will continue beyond another year or two. Detroit will have to cut labor costs, and this includes pensions, healthcare, and post-retirement benefits of millions of ex-labor union members and familiy currently receiving monthly, regular benefits.
1) Detroit must cut off pensioners and beneficiaries at the knee-caps and 2) close SUV/truck plants and concentrate on fuel-efficient vehicles. Otherwise, Detroit has ZERO chance of surviving.