U.S. Auto Manufacturers Are They Ready To Declare Bankruptcy?

U.S. auto manufacturers are facing more pressurehave more money and lower costs.Basically, with
from import manufacturers every year. Theythe laws the way they are right now, the U.S.
have already been feeling the heat from Nissan,auto manufacturers do not stand a chance. So
Toyota and Honda, but now with Hyundai taking athe question is do we restrain trade with countries
larger chunk of the middle and lower range cars,like China and Japan, possibly hurt foreign relations,
SUV's and trucks this may be the start of theMake it more expensive to buy better built and
end of the likes of Ford and G.M.Ford has alreadyhigher quality imports, etc... Or let democracy,
announced a restructuring and a projected cut offree trade, and a capitalist society have its way
30,000+ jobs. G.M. has recently retired an oldgiving Americans the best, safest vehicles, for the
name brand Oldsmobile and is posting losses on alowest price? Regardless of how we make our
regular basis. Delphi Corp., the largest auto partslaws, Walmarts or their equivalents will always
supplier for U.S. manufacturers has alreadyprevail - the basic premise of Walmart's founder
declared bankruptcy which makes buyers leary ofSam Walton was to sell the best products to
future parts availability. Most of the other partsconsumers at the lowest price possible. Look at
suppliers are very close to or are currentlywhat he did. In a period of 40 years he went
declaring bankruptcy.In the 80's when Chryslerfrom one store to being the largest retailer in the
was having severe finacial woes the governmentworld. Walmart has plans for 2500 stores in China.
stepped in with million dollar loans and other aid.Maybe the U.S. auto manufacturers could learn
The government is currently reeling from Katrina,something here. Take the imports on at their own
New Orleans, and the war in Iraq. It can't affordgame, stop paying multi-million dollar compensation
to bail out Ford or G.M. The public opinion ispackages to executives that aren't fixing the
against a government bailout as the economy iscompany. Maybe they need to pay more
not its best. George Bush has too many otherattention to what brings the best results in
problems to deal with like high gas prices, naturaladvertising at the least expense. Why is it that
gas, Iraq, etc...So, without a government bailoutsome companies must spend millions on
and no proposed new laws to halt the outsourcingadvertising and others in the same niche get
and outflowing of jobs and such to overseasmore results for much less?Ford and G.M. need to
giants like China and Japan, it is only a matter ofrethink and come out with an attack plan. Go
time before Ford and G.M. go bankrupt. Toyotaafter the imports at their own level. Maybe make
and Honda have been gunning for the number 1a marketing ploy of America and what we may
spot and now that they have it are not going tolose. The kids of today aren't growing up
give it up. The only hope left is with the trucks.dreaming of Shelby Mustangs and Corvettes.
Both Ford and G.M. have a bustling truck businessThey are driving Honda and Toyotas that they fix
and it is their only profitable business. The importsup like in the Movie The Fast and the Furious.
have tried to break into this market and afterMaybe its too late.David Maillie is a chemist with
quite a few years they have not had muchover 12 years experience in biochemical research
success. The majority of trucks are bought byand clynical analysis. He is an alumni of Cornell
die hard Ford or Chevy people. But, that may alsoUniversity and specializes in biochemical synthesis
change. Toyota has found that the key may be infor public, private, and governmental interests. He
Nascar. This could and will lead to other importsholds numerous patents including his recently
getting involved and taking the American out ofawarded patent for headlight repair and plastic
Nascar. That would eventually happen as theyheadlight cleaner. He can be reached at M.D.