U.S. President George Bush plans to meet with the top executives from Ford, GM, and Chrysler to discuss energy and pension issues, according to the New York Times. Bill Ford, Rick Wagoner, and Tom LaSorda will talk about future alternative energy sources, as well as the massive cost of worker pensions. According to the report, retiree health care costs add an estimated $1,500 to the cost of a vehicle — a cost that Asian automakers do not face. Bill Ford told NYT that a bailout was not on the agenda for the meeting. U.S. auto CEOs have repeatedly said they don’t expect a bailout from the Whitehouse. Bush has echoed that sentiment, saying his government has no plans to give cash to the struggling carmakers. In January, Mr. Bush said the Big Three can save themselves by making “a product that’s relevant.”
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04/27, 12:32 PM
posted by:
John
This is a good meeting to see issues about possibilities, advantages of government funded retirement plans. That is a USA issue, not an auto industry issue.
04/27, 12:47 PM
posted by:
Adam
I wouldn’t get you hope to high with the Republicans in charge, especially Bush.
04/27, 4:46 PM
posted by:
Mike
wow, adam… really insightful… I mean, can you please continue to enlighten us with your deep political thoughts…
04/27, 8:35 PM
posted by:
mark
mike, i will be glad to help adam explain it to you. bush/republicans care more about profits than people. while you may not agree the constitution is “for the people, by the people.” not “for exxon, by exxon.” oh wait, since bush stole the 2000 election, maybe it is.
04/27, 11:53 PM
posted by:
StanFord
‘Ol ‘W’ telling GM and Fords CEO’s how to run things..
Hmm, that’d be fun to watch, like seeing a baby chick try to peck it’s way out of a bag..
04/28, 9:21 AM
posted by:
Mike
Mark, Adam….Hate to break this to you… but bush is not responsible for your receeding hairlines OR your erectile dysfunction. As much as you WANT to blame Bush for any/everything ever wrong with the earth or any form of population on it, to actually do so makes you both appear more ill informed than a 6 year old down syndrome child.