Support for the Auto Industry is in America’s Best Interest

Support enables the industry to bridge what is arguably one of the country's most difficult economic periods and to weather a financial storm not of its own making.

Almost 4% of U.S. gross domestic product is auto‐related and represents 10% of U.S. industrial production by value. One out of every 10 U.S. jobs is auto‐related, and auto workers receive $335 billion annually in compensation. Specifically, GM, Ford and Chrysler account for roughly 70 percent of U.S. auto production and are estimated to support around five million jobs across all 50 states.

Failure of one automaker would trigger a domino effect on the supply chain and the finance subsidiaries and on other domestic automakers.

I have been working for GM since 1991. We at GM have been through many structural and optimization cuts.

What is your opinion about the loan for auto industry at this time?

Thanks

Ernest

http://investing-manage-properties.com

http://winner4us.com