Monday, November 14, 2005

Black October

There's an excellent article on today's Detroit News web site regarding the effect of Delphi's Bankruptcy on the automotive industry and unions. One quote:

"The domestic auto industry's structure is not stable... And, simply put, we expect it will get worse before it gets better."

We're seeing the beginning of a dramatic restructuring of the US automotive industry, and by extension, the legacy manufacturing sector. As GM, Ford, and Chrysler are experiencing record amounts of idle time at factories, Toyota is scrambling to open more US plants.

Michigan is going to bear the brunt of the negative effects of this change, and we'd better be willing to face the realities of the situation. Michigan must be made attractive to business investment if we are to get through this.

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