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Re: Should the government bail-out include domestic automakers?
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Originally Posted by wytstang
That would be the glass industry that started dieing back in late 06' and really went down hill and fast when the housing market bottomed and stayed there. We have been suffering for a long time and still are. Raises gone, Prophet sharing gone, increased insurance, jobs being cut/down sized. The largest glass dist closed back in May, they closed because the employees showed up to chained doors. We are now the largest glass dist in the SE and we are on one knee. I can only assume the glass industry on the other side of the U.S is falling as fast as we are. We only deal with residential/commercial glass retailers, and that group is getting smaller and smaller. The auto industry is huge but so is the glass industry.
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And another part of glass industry taking a hit is the manufacturing dieing is the automotive glass production taking a hit from Detroit's problems. hat's how much these industries are intertwine. I used to call on Ford's Glass Division (in fact, one of my best friends from jr. and sr. high school was an engineer with Ford's Glass Division) plant in Dearborn. Their Nashville plant made architectural glass - my parent's home has replacement windows with Ford glass in them. I know Ford Dearborn Glass Plant was gone before Ford created Visteon, and I don't know if Nashville ever survived all the changes at Visteon.
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