Accounting & Investing Info for San Antonio A & M
These writers suggest that the Big 3 need to simply sell their assets to someone else. That makes sense. As a former bankruptcy trustee, most of these cases end in an auction to the highest bidder.
It would make much more sense for these factories to become part of successful American operations of well financed companies like Toyota than for the three to continue to struggle basically making pickups and suvs and that is about it.
Would a company like Toyota or Honda want to buy any of the Big 3’s factories or operations? Isn’t the reason that their factories are in the south is because these states are “right to work” states and aren’t as friendly to unions as Michigan. It costs GM $75(approx) compared to $35 Toyota per hour to make their vehicles. To me the problems lie with the unions.
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Think of such a purchase as paying off in terms of
a non compete, GM Ford out of the picture
Political relations, Congress is finally off the bail out hook for something they know will not work, thanks toyota
American relations,m we are good citizens and help out when we can
At that point the unions are out of bullets, and certainly no buyer will assume their legacy costs anyway so it would be a blank sheet of paper, if the uaw wants to work for what the new buyer pays fine, if not ,well, good luck and Barack can make windmills like he promised in those factories
dle
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Professor Elam 
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