- Mar 19, 2009
Ford throws support behind aid for GM Europe
While some might think that Ford would stand to benefit if its largest competitor went the way of the Dodo, in reality, it's much more complicated than that. Says Fleming, "I would rather take sales from competitors by having better products rather than them going out of business." Plus, there's the sticky supplier situation – the loss of an automaker or two could have a drastic impact on the already weak auto supplier industry.
In lieu of propping up individual automakers on a country-by-country basis, Fleming suggests that the European Union as a whole should introduce its own aid package that would affect all automakers equally.
[Source: Automotive News - Sub. Req.]