A closer inspection shows those actions are not the same as choosing those industries for success and growth. Hyundai who produces most of their cars offshore was one of the biggest beneficiaries of "Cash for Clunkers". The GM bailout allowed GM to close the only manufacturing plant in the most populous state in the country. The Chrysler bailout handed ownership to the UAW and management to Fiat. Fiat now wants to imports cars that get sold in Dodge dealerships.
Lastly, except for some Southeastern states, most states have decided an auto plant is too dangerous for the environment.
In conclusion, The auto industry has not been selected by the government for success.
No comments:
Post a Comment