Monday, November 17, 2008

US auto industry in dire straits !! GM, Ford and Chrysler running for cover !


"Free market economy is good a long as the trousers of your competitor tears, but it stops when your trouser starts tearing and showing"


With recession hitting the US auto industry hard on the face, the CEOs of GM, Ford and Chrysler are begging with the government to give them about $25 billion of concessionary aid to bail out the industry.

They claim and threaten that otherwise, US would be hit hard and US economy would find it hard to get out of recession.. 

A big lesson for the whole world .. 

Free market economy is good a long as the trousers of your competitor tears, but it stops when your trouser starts tearing and showing ..

As academicians, during these times of stress on global economy and industry, we are at pains to teach the students what is good and bad for the economy and the world .. There is nothing fail-safe .. 

Tata Motors had recently announced a cap on its expansion plans for the time being . else GM, Ford and Chrysler would have been running for cover from Tata ..

ge..

1 comment:

  1. then as an academician how do u boost up the morale of ur students who must be eagerly waiting for campus selection or is the cs is also going down the drains?? pls enlighten how the mngmnt students will cope up with the stress??

    ReplyDelete

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