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Northwest Voices

Seattle Times letters to the editor

December 18, 2008 at 11:33 AM

Auto-industry bailout

The medium 12

I would like to dispel the myth that politicians and the auto industry are trying to sell us: If GM, Ford and Chrysler fail, there will be a total destruction of the auto industry in America [“In auto bailout, GOP finds an old foe,” Politics, Dec. 14].

Do not fall for this false logic.

Do you really believe that GM’s many factories, car models, intellectual property and manufacturing knowledge would simply pass into the night and forever be lost? No way.

They would be forced to sell off various pieces of their business to pay their bills and save what little they can.

In the end America, will be left with a much stronger auto industry.

Right now we’ve got the Big Three in America. I contend that our auto industry would be much better off if we had “the medium-sized 12.”

And that’s exactly what would happen. Ford, GM and Chrysler will sell off various assets and factories to investors who will then operate much smaller auto companies. That would mean more competition and, as a result, more innovation in the new and improved American auto industry.

— Matt McCormick, Seattle

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