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elena_murooni

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elena_murooni

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Re: dexprs post# 43188

Wednesday, 11/19/2008 3:11:24 PM

Wednesday, November 19, 2008 3:11:24 PM

Post# of 110790
In Tuesday's Financial Times, there was a short article stating that European car makers were asking for bailout money from the Eurozone bail funds. Their excuse? Lower margins, lower sales. (NOT imminent bankruptcy).

If the Euro folks agree to that, it will equate to government subsidy and will further strengthen the Euro manufacturers... which, we know, our big 3 must compete against.

While we are dredging up the past follies of our industry.. pointing fingers as to what & who did wrong.. the Euro manufacturers are beating the drum to even BETTER compete against the big 3.

Did anyone read this story?
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