Big 3 Bust Implications
On Dec 12, 7:42*pm, Vic Smith > wrote:
> You know - unintended consequences.
> Lots of social/economy related stuff.
> But also much related to limiting competition.
> Possibilities:
> Toyota/Honda et all jack up prices.
> Toyota/Honda et all attempt to lower wages.
> UAW gets the vote at transplant sites.
> All kinds of interesting possibilities.
> Anybody care to speculate?
>
> --Vic
The Michigan 3 (they aren't the big 3 anymore - Toyota is bigger than
GM worldwide; some call them the Detroit 3 - but they aren't all based
in Detroit) will reorganize under bankruptcy protection just like the
airlines did. UAW will be forced to eat consessions.
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