Becky’s Weblog

For American Carmakers, The Problem Isn’t Product

Posted by: beckyminx on: December 5, 2008

Alabama gave Mercedes $253 million to set up a factory that provided 2000 jobs.

Brown calculated that each job cost Alabama $126,500. They handed out over $400 million to Honda and Hyundai. A $25 billion federal bailout would save 260,000 domestic auto jobs. Remember Chrysler paid back their $1 billion loan early.

The full story is here:
http://www.popularmechanics.com/blogs/automotive_news/4294368.html?nav=RSS20&src=syn&dom=yah_buzz&mag=pop

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