12-08-2005, 12:01 PM
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Green Missionary
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Real Name: John M. Dwyer
Location: Southeast Michigan
Hybrids: '06 FEH
Posts: 204
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Re: Detroit - Look at Boeing
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Originally Posted by Archslater
GM and Ford may not be directy sponsored, but they will be if they come close to bankrupcy........ Just look at the U.S. govt. bailout of Chrysler in the 80's
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Well, Chrysler was not exactly "bailed out," although the US government did guarentee the money they borrowed. But in the long run, I'm not sure that it made much difference due to the Daimler buyout. (They might have gotten Chrysler a little cheaper without the government guarentees.)
I expect that GM and Ford will need some kind of support before all is said and done - direct or indirect - government, commercial, union, big oil, private - or whatever. Let's hope that they can do better than Chrysler did!
'06 FEH 2WD "Sainte Marie"
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