One of the more interesting things about the automotive bail-out is that how Ford has run dicier and dicier cars through that plant, knowing that the government will prop them up should the cars not sell.
That factory went from making popular cheap cars, vans and trucks to making weird Mercuries and bizarre family commuters like the Flex. Shit with with weird potential but abysmal sales figures.
Of course they were able to convince the government to pay to upgrade their factory so they could make all-electric cars. (Which is still a niche market in this country because the current battery technology doesn't really work once you factor in Canadian winters. The top selling cars in the country are always the ones who will reliably start-up in the cold and get you to your destination with no fear of a breakdown in February.)
The real problem with corporate bailouts and "too big to fail" is that you end up with car companies who know that in this country, and this country only they can not only afford to fail, but they can profit from it in the long term.
Ford would have never tried this shit in any other country.
They did it here because they see our government as being suckers.
Hope it works out for them, although it probably won't and we'll end up bailing out another American auto company with our tax dollars.
One of the more interesting things about the automotive bail-out is that how Ford has run dicier and dicier cars through that plant, knowing that the government will prop them up should the cars not sell.
That factory went from making popular cheap cars, vans and trucks to making weird Mercuries and bizarre family commuters like the Flex. Shit with with weird potential but abysmal sales figures.
Of course they were able to convince the government to pay to upgrade their factory so they could make all-electric cars. (Which is still a niche market in this country because the current battery technology doesn't really work once you factor in Canadian winters. The top selling cars in the country are always the ones who will reliably start-up in the cold and get you to your destination with no fear of a breakdown in February.)
The real problem with corporate bailouts and "too big to fail" is that you end up with car companies who know that in this country, and this country only they can not only afford to fail, but they can profit from it in the long term.
Ford would have never tried this shit in any other country.
They did it here because they see our government as being suckers.
Hope it works out for them, although it probably won't and we'll end up bailing out another American auto company with our tax dollars.