US car industry may encounter Import restrictons to other countries, if Bailed out.

uploaded by SOLARLIFE December 9, 2008 at 04:17 am
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US car industry may encounter Import restrictons to other countries, if Bailed out. by SOLARLIFE

Countries with free market economy may restrict import of US cars

Obama thinking how to get around total collapse

Toyota HONDA BMW producing in the US face unfair GM competition

Yet so far, there is no talk of offering aid to Toyota, Honda, BMW or the other foreign automakers that have built factories on American soil, employed American workers and managed to make a profit doing so.

“If Japan was doing this, we’d be threatening billions of dollars in retaliation,” said Jeffrey Garten, a professor at the Yale School of Management, who as under secretary of commerce in the 1990s was one of many government officials who tried in vain to get Detroit prepared for a world of international competition. “In fact, when they did something a lot more subtle, we threatened exactly that,” referring to calls for import restrictions.

Mr. Garten said he was stunned by the scope of the intervention that Washington was now considering. “I don’t know that we’ve seen anything like this since the government told the automakers what kind of tanks to make during World War II,” he said. “And that was just for the duration of the war — this could be for much, much longer.”

It is hard to measure just what kind of chances Mr. Obama may be taking with this plan, in part because so many parts of it are still in motion.

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Title: US car industry may encounter Import restrictons to other countries, if Bailed out.
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Created: Tue, 12/09/2008 - 4:17am
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