The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: patron_anejo_por_favor who wrote (165145)	11/19/2008 12:10:53 AM
From: XoFruitCake	Read Replies (3) of 306849

"Maybe then we get a viable auto industry out of this mess." I seriously doubt that we will ever have a viable auto industry for big 3.. Every single up and coming third world country start their own auto manufacturer and try to get export dollars by increasing capacity and exporting their cars. So we always end up with excess auto capacity in NA. Other manufacturer has their home country profit or government subsidy to help pay for the cost. We don't subsidize our car manufacturer (other than bailout, I suppose) so long term, Big 3 are not going to be competitive anyway. They can follow the airline industry model. Go bk, come back with new owner and finance and bk again in a few years..

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