A Solution for the Auto Industry
This will be short and to the point. Like the 10% solution I have been touting to buy back and retire our national debt – I have another radical idea. Didn’t the government say they wanted radical ideas and changes. If I were bailing out the whole auto industry and we are then I would create a new company – let’s call it auto manufacturing USA. Each auto maker would contribute their manufacturing capacity – plant, property, equipment and by the way Union contracts into the new company. The new company then would look across all plants, product lines, capability and streamline the production of all automobiles for the big 3 or even foreign manufacturing. The optimization of the auto manufacturing sector – the challenge to convert all the plants and cars to being “more green” and the otherwise antiquated operations could be addressed under one business strategy. The best of breed operations would be kept, others upgraded and all the plants retooled with the ability to produce each other cars.
The auto makers would liberate huge assets on their balance sheet. Liabilities and operating capital from those operations would be shed. The IPO for the new company I am certain would create a windfall of capital into the industry and the requisite capital needed to upgrade, phase out, retool the manufacturing lines and create new ways to produce cars. Automakers then would be responsible for research and development, product marketing and distribution, finance and automotive innovation. That sounds much like the Pharmaceutical industry doesn’t it. Another radical idea that I think is on the money and can be used across many industries that would find it is in their best interest to team up with their competitors to make these types of ideas reality.
This will be short and to the point. Like the 10% solution I have been touting to buy back and retire our national debt – I have another radical idea. Didn’t the government say they wanted radical ideas and changes. If I were bailing out the whole auto industry and we are then I would create a new company – let’s call it auto manufacturing USA. Each auto maker would contribute their manufacturing capacity – plant, property, equipment and by the way Union contracts into the new company. The new company then would look across all plants, product lines, capability and streamline the production of all automobiles for the big 3 or even foreign manufacturing. The optimization of the auto manufacturing sector – the challenge to convert all the plants and cars to being “more green” and the otherwise antiquated operations could be addressed under one business strategy. The best of breed operations would be kept, others upgraded and all the plants retooled with the ability to produce each other cars.
The auto makers would liberate huge assets on their balance sheet. Liabilities and operating capital from those operations would be shed. The IPO for the new company I am certain would create a windfall of capital into the industry and the requisite capital needed to upgrade, phase out, retool the manufacturing lines and create new ways to produce cars. Automakers then would be responsible for research and development, product marketing and distribution, finance and automotive innovation. That sounds much like the Pharmaceutical industry doesn’t it. Another radical idea that I think is on the money and can be used across many industries that would find it is in their best interest to team up with their competitors to make these types of ideas reality.
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