The auto industry is one of the most heavily government subsidized industries.
Most Gov.s realize the imporatnce of this sector and fight to gain an upper hand. Japan’s auto industry started with subsides and continues down that path.
I am saddend that our Gov. seems all too willing to let our auto industry become a shell of its former self. Never have US companies made so many exciting and interesting models (except for maybe the late 60s?).
Boy I’d love to hear Obama read the teleprompter telling him to say:
“Today we fight back! Today we stop the outflow of jobs and manufacturing to other countries. Today we start making our own stuff again!”
