A Solution for the Auto Industry

By Bill Glynn

This will be short and to the point. Like the 10% solution I have been touting to buy back and retire our national debt, I have another radical idea. Didn't the government say they wanted radical ideas and changes? If I were bailing out the whole auto industry, I would create a new company; let's call it Auto Manufacturing USA. Each automaker would contribute their manufacturing capacity - plant, property, equipment and, by the way, union contracts, into the new company. The new company then would look across all plants, product lines, capabilities and streamline the production of all automobiles for the big 3 or even foreign manufacturing. The optimization of the auto manufacturing sector - the challenge to convert all the plants and cars to being "more green" and the otherwise antiquated operations - could be addressed under one business strategy. The best of breed operations would be kept, others upgraded and all the plants retooled with the ability to produce each other cars. [more...]