SAFER AUTOMOBILES MIGHT ACTUALLY SELL BETTER
Last month, ailing U.S. automakers and their workers accepted huge concessions in return for a $17.4 billion federal rescue package meant to buy them time to survive. As part of the package, GM received $9.4 billion and Chrysler $4 billion. In the interim, Ford opened the door to receiving additional aid. Upon receipt of the bailout, GM's CEO, Rick Wagoner, admitted that the automobile maker has significant work to do and that federal loans were a blue print to the company's continued success. However, looking back at the automobile manufacturer’s attitudes toward product safety it is hard to imagine how they can be saved from themselves.
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