Ceramic Industry Blog


Auto Bailout: Take Two

December 4, 2008
/ Print / Reprints /
ShareMore
/ Text Size+
Should Congress punish the entire industry (and the millions who depend on it) because of recent PR debacles?

Leaders of Ford, GM and Chrysler have returned to Washington, D.C., for another round of Congressional hearings to try to determine what, if any, bailout measures should be taken to save the three struggling auto makers. Public opinion has changed since their last, rather ill-planned trip to the Capitol (no one appreciated their private jet jaunts); a recent poll shows that 61% of respondents are now against a bailout, vs. about 50% last month.

And now they’re asking for more money. Though, to be fair, they’ve all offered to take only $1 annual salaries and they drove to Washington in hybrid cars, so they’ve obviously seen the error of their ways. Right? (Ah, hindsight.)

Despite these guys’ PR problems, the U.S. auto industry is clearly in a lot of trouble. Should Congress punish the entire industry (and the millions who depend on it) because of recent debacles? And if action should be taken, what will actually help? “Who Can Save Detroit” (link below) discusses several possible scenarios.

Did your opinion about the proposed bailout change as a result of the executives’ behavior at the last round of hearings? Please share your thoughts by entering a comment below.

Links

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

In-Depth Features

These articles detail innovative advanced ceramic and glass materials and technologies.

Podcasts

Sapphire: An Extreme Performer

Ian Doggett of Goodfellow and CI Editor Susan Sutton discuss the benefits and opportunities provided by industrial sapphire.

More Podcasts

THE MAGAZINE

Ceramic Industry Magazine

CI April 2014 cover

2014 April

Our April issue features details on advanced materials such as ceramic matrix composites and piezoelectric ceramics, among many others. Be sure to check it out!

Table Of Contents Subscribe

THE CERAMIC INDUSTRY STORE

M:\General Shared\__AEC Store Katie Z\AEC Store\Images\Ceramics Industry\handbook of advanced ceramics.gif
Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

Directories

CI Data Book July 2012

Ceramic Industry's Directories including Components, Equipment Digest, Services, Data Book & Buyers Guide, Materials Handbook and much more!

STAY CONNECTED

facebook_40px twitter_40px  youtube_40pxlinkedin_40