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**Anymnillulky** · 11-19-2008, 03:32 AM

http://news.bbc.co.uk/1/hi/business/7736301.stm

Ford's president, Alan Mulally, said a failure at even one car company would have widespread consequences.

"The industry is so interdependent. We're nearly 10% of the US GDP, and if one of the automobile manufacturers gets into serious trouble, it has just tremendous implications for the entire industry," he said.

10% of GDP... a trillion worth a year??? I presume the whole industry including the Japanese and Europeans...

GM has warned it could run out of cash in a matter of weeks and cannot wait until President-elect Barack Obama - who has promised to help the industry - is sworn in in January.

matter of weeks

11-19-2008, 03:32 AM	#12
Anymnillulky Join Date Oct 2005 Posts 398 Senior Member	http://news.bbc.co.uk/1/hi/business/7736301.stm Ford's president, Alan Mulally, said a failure at even one car company would have widespread consequences. "The industry is so interdependent. We're nearly 10% of the US GDP, and if one of the automobile manufacturers gets into serious trouble, it has just tremendous implications for the entire industry," he said. 10% of GDP... a trillion worth a year??? I presume the whole industry including the Japanese and Europeans... GM has warned it could run out of cash in a matter of weeks and cannot wait until President-elect Barack Obama - who has promised to help the industry - is sworn in in January. matter of weeks
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