Quote:
Originally Posted by clarky
The automakers do not deserve a bailout. Let's see, we had an energy crisis in the 70's. They have had 3 decades to make energy efficient cars. Why should the American taxpayer bail them out for their failures. Toyota is estimating profit of 5.6 billion this year. Clearly it is possible to make money making cars. Let them fail. Read more about the stupidity of these bailouts for the automakers on my blog. |
How about this option for the Big3?
First, tell them that only two are going to survive and in the future they will be referred to as the Big2. If this does not kick in gear the competitive spirits, then let them close their doors.
Second, award 'any' US company for the design of a hybrid-electric car, which gets 50mpg, which sells for a maximum of $15,000...and the award will be $1 billion.
Third, award 'any' US company for the design of a sedan-type car similar to a Toyota Camry in size and features with a 'combustion engine' which 'actually' gets 50mpg, which also sells for $15,000...and this award will be $1 billion.
Fourth, award 'any' US company for the design of an all-electric vehicle which sells for $15,000...and this award will be $1 billion.
Fifth, award 'any' US company for the design of a $15,000 sedan car which uses an alternative drive train which operates with sustainability and zero CO2 emissions...and this award will be $2 billion.
Now...the first two designs will be completed first and at this time the current Big3 will be asked to BID on the production of these cars, and only two companies will be awarded the contracts...along with start-up funds of $10 billion each. The third company will be on their own to survive or fail without government intervention.
Now if the USA and all it's resources cannot achieve these goals, with these gigantic awards, then it is absolutely stupid to invest another dime in the Big3...