Predictions-when will US auto industry recover?

Question

or not.

Answer 1

A couple things need to happen.

First the U.S. government needs to revise its tax code to reduce or eliminate capital gains taxes.  The high cost of deploying capital in the U.S. is making capital intensive businesses uncompetitive on the world market.

Second, the U.S. government needs to repeal those laws that make it difficult for stockholders to remove poor performing management from companies.

Third, the shareholders in the big three auto makers need to sack the management and replace them with people who get the concept of quality.

Fourth, the unions need to take a hard look at their own culpability.  While it is good they negotiate well for their members, it is not good if they bankrupt the companies.  

And last, Yahoo needs to fix that stupid spell check pop-up, that or hire some people whose vocabulary includes words with more than one syllable.

Answer 2

It already has...Onstar saved the day

Answer 3

The Big 3 has problems other than figuring out what people want and moving in a different direction as far as alternative hybrid powered vehicles.For years their Unions have been paying out millions and millions to its retirees and now they are like a scaled down Social Security. The dues coming in can't handle the money supporting the ex employees and so they cannot reasonably compete with the Japanese who do not that problem to worry about.

Now that Toyota is firmly in the lead with hybrids, I see no hope on the horizon for the Big 3.

Answer 4

It probably never will, at least not in its present form. If it somehow manages to start making vehicles to same quality standards as the rest of the world and markets cars people want buy then it might recover but otherwise no. For a long time the industry relied upon the fierce patriotism of the American car buying public and kept on making what they were good at making - somehow it lost sight of the fact it had to adapt to survive and now is paying the price.

Answer 5

Ford is into Hybrids.