The Ripple Effect of the US Auto Industry by GM

The Auto Industry in the US effects many other facets of the economy in the United States. This short clip was created by General Motors to explain some of the economic impacts in the country today. It is important to understand what can occur. If the auto industry in the US fails, it will undoubtedly not disappear, as something will fill the vacuum. Please post your thoughts.

Category:

Autos & Vehicles

Tags:

• Auto
• Industry
• Economy
• General
• Motors
• Ford
• Chrysler
• Bailout
• US
• auto
• industry
• analysis

[namarow]

I am Canadian, but I really hope the US gets its self in order, especially this. I would rather have our strong cousin to the south, then, then the coming giants in Asia looming over us.

Thanks to the Walmarts, and the fact that so many North Americans want cheap at any cost it is happening faster everyday

[nylox2004]

Sure, Who would buy the Japanese and Korean cars with 8 million unemployed.

Brilliant!

Everyone will be hurt, not just those directly involved in the auto industry. I don't care what you do for a living. Unless you are already on welfare, you WILL be affected. If people don't have a job, there isn't money to be spent. That goes for retail, food, medical, and the list goes on and on. Look at the big picture!

[ProudFordMAN]

The economy is in the situation because americans think it is is seems " to hard" to keep there mone here. BUy american and we would not be dependent on other countrys for other products. Gm would not be bankrupt and auto sales would be average and we would be keeping the jobs here

That simple

[Burtonimus]

Yes... that is a free market! There will be change nothing ever lasts..... well we have one last great resource and that is our people..... yes. Some will have to see that an education and hard work will make you, YOU! it is finally time to start making something NEW that people can use and not relying on prior empires built by business men of the past. Now is the time to look at what other countries do with limited resources.... we have a lot to learn...

[Cargo1273]

Well, I will never buy another GM vehicle again until the UAW is eliminated regardless of party affiliation...

It's already bad the way things are. The worst thing they could do is becoming STUPID and start supporting Republican'ts.

[Cargo1273]

I support American-made vehicles. Specially those made by GM but when a company places the UAW priorities first instead of the consumer who's making them rich, you tend to rethink your options when purchasing a product from a company with that behavior.

[carmenlee87]

According to Reuters, sources say that GM (NYSE: GM) will likely file for bankruptcy some time after midnight tonight and before June 1

[redconky]

You're wrong in terms of the effect of the auto industry's role in the American economy. Manufacturing is essential to our economic survival, and the auto industry is the nation's largest manufacturer. The auto industry couldn't have anticipated that the federal government's officials charged with the duty of policing financial institutions would turn a blind eye to the illegal and irresponsible activities that created our current economic woes.

[onestarinc]

GM, already blew threw the first round of money, proving that no matter how much good money you throw at that company it will all turn out bad, there business model is broken and can't be repaired, the auto industry is less than 4% GDP it is not and has not been the driving force in the US for decades now. Saving them is a good move for our image, but not a good business move. Fixed cost are two high to ever be profitable. (Econ101)

[jf1450]

Ok idiots support foreign companies & countries instead of your own, that part of the reason we are in this mess. Lets just keep making Asia stronger & the US weaker, GREAT IDEA & your kids can have a much lower standard of living working @ Walmart or McDonalds. Better yet why don't you & your family move to Korea or China.

[StMichael]

We can loan $25 billion now, and watch it go down the drain (with subsequent requests for handouts). Or take the hit of $156 billion and rebuild.