Ford has lost $6 billion in the past two years. DaimlerChrysler lost $1.1 billion in the last quarter. GM now makes more money selling mortgages than selling cars. Meanwhile, the Japanese car companies (made in North America by non-union workers) are cleaning up.
So what is the answer? Detroit sez: Big Government! The Big Three have endorsed the prescription drug benefit as a means of reducing their own massive obligations to union retirees. I hope against hope that the next president will have the guts to let the Detroit dinosaurs die a natural death (this President doesn't).
Marc