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Old 11-14-08, 01:15   #76 (permalink)
Len_A
Outta Work In Detroit
 
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Join Date: Aug 2001
Location: Westland, MI (Detroit suburb)
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Re: Should the government bail-out include domestic automakers?

Quote:
Originally Posted by Mr. Clean View Post
LenA, you've made a huge mistake in ASSUMING, that I have not been in your shoes. And I can tell you that we are not alone. Men in our demographic seem to encounter these circumstances with some regularity.



And those 25 years of industry experience have lead to to be able to state that...


Sorry LenA, but my bet is it was just an apple falling from the tree...

I still say let Chrysler go if they can't make it on their own. We've bailed them out once and they are back again. What part about operating a business for profit didn't they understand?
I didn't assume that you haven't been in my shoes. Go back and read what I said - "I may be assuming here, but I think you'd be a bit bitter as well." Who wouldn't get a little bitter, and perhaps a little cynical after over a year out of work?

Apparently I'm not alone in my assessment of the supplier situation. Those with European operations have had their cover (insurance canceled) in Europe if they do business with Ford of Europe, or GM of Europe (Adam/Opal), because the insurers are afraid that any failures in North America would have negative financial effects on the European operations as well. Cover insurance covers suppliers against the risk of the car companies failing, and is not written in the United States. According to the Financial Times of London, GM & Ford are the biggest companies to ever be blacklisted.
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Outside Sales, Out of work over a year and counting...
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