Lee Iaccoca (l), former CEO of Chrysler, is shaking hands with president Carter (r) after agreeing upon a bailout plan in the late seventies.After watching the round of political talk shows today, I have decided to share my thoughts on this subject. To read my automotive commentary filled with historical facts, visit Tom Joyner's Web site - BlackAmericaWeb.com. After reading the commentary, my hope is that this will give you an insider's view of this complex industry. Feel free to leave your comments here or on Tom's site.
If a bailout is considered, a takeover or strict rules must be adhered to. Unfortunately, a lot of the problems that the car makers are facing are their own fault. They halted making fuel efficient cars and were caught with no answers when the gas prices went up. What they need is visionary leadership and the determination and flexibility to move with demand no matter which way it goes.
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