Word: detroit
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...convenient American stereotype: Detroit makes cars, Dixie races them. But as the entire tortured debate in Washington over whether to bail out the ailing U.S. auto industry has shown, that distinction is as tired and broken as the Big Three's business models. In fact, the political game of chicken that ended Friday with President Bush announcing a temporary $17 billion aid package for GM and Chrysler to stave off the immediate threat of bankruptcy has shown the rest of the country what the South has known for years: led by foreign carmakers like Toyota and Mercedes-Benz, Dixie...
...cars built in the U.S., have now become the benchmark against which the Big Three are measured. As the various aid packages were being negotiated, first on Capitol Hill and then this week on the other side of Pennsylvania Avenue, one constant condition Republicans insisted upon was Detroit getting its wages and benefits down to the levels of the so-called transplant workers in states like Alabama, Tennessee, Georgia and Mississippi. (See pictures of the remains of Detroit...
...that southern sages like Black approve of an industrial civil war. "We're all in this recession together," says Black, who like many others is quick to note that Detroit's collapse isn't exactly good for the South, especially given the large number of auto parts production jobs that rely in part on the Big Three...
...Congress, calling for the company to return to pre-tax profitability by 2011. That plan includes introducing more fuel-efficient vehicles - including a broader range of hybrid-electric vehicles. This week, Ford said it is doubling the output of hybrid vehicles in 2009. (See pictures of the remains of Detroit...
Still, as the confidence began returning to Detroit, President-elect Barack Obama was at a press conference issuing a sober reminder. Auto industry leaders, he said, should take note "that the American people's patience is running out," and that Detroit must seize on this opportunity and make tough reforms...