It looks as though Detroit's "Big Three" have a plan now. At least it includes not flying to Washington on private jets. Instead, the chairmen of General Motors, Ford and Chrysler will be driving themselves from Michigan to D.C. in their latest hybrid automobiles. That's a start. It's better than flying, but still, hybrids aren't exactly cheap vehicles, but they do get better gas mileage, I suppose.
Ford Motor Company says they are in the best shape of the three. At least that's what they say now, yet, they still want a loan. Go figure. Chrysler, LLC also wants a loan, but they wont say what kind of shape they are in. Now, the big behemoth, you know, the company that is too big to fail, General Motors is acting like the end of the world is near.
Ford says they will cut the number of dealerships and even the chairman said he would work on a $1 salary.
And now the UAW is saying that if GM does not get a loan soon, the company will go bankrupt before Christmas.
What can be done? I don't think the fault of all this is solely because the "Big Three" are unionized. That's a part of it, but not all. It all goes up to the higher management. Will they fix the companies? Probably not, but a federal loan will help, but for how long?
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