Auto industry faces massive 'job destruction' without aid: Ghosn

Tuesday 02nd December, 05:29 AM JST

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9 Comments

some14some at 08:03 AM JST - 2nd December

Jobs can not be destructed, changing and finding new jobs alternative is always there. No more govt aid to auto or non-auto businesses. Review your operational costs and profit margins, if you can survive good if not close down. World will not come to a standstill without 'your' 'auto-makers) four-wheeler.
Badsey at 09:41 AM JST - 2nd December

Japan: Loss of auto industry = bad

This turn-down in auto sales will hurt Japan. I never really liked cars that much and the new Sanyo hybrid bike is more my style.

In the end less cars is good, but the transition for Japan will be difficult economically.
Altria at 10:06 AM JST - 2nd December

Going, going...Ghosn!
Sarge at 03:12 PM JST - 2nd December

Maybe the auto makers should make things people want, like electric bicycles.
presto345 at 08:33 PM JST - 2nd December

No assistance for the automotive industry. People leading the industry like Ghosn don't get it. They imagine the curve will go up for ever, which is a very short sighted view if you ask me. They never prepare for the lean days, and when those arrive they want the government/tax payer to bail them out. NO WAY.
usaexpat at 01:17 AM JST - 3rd December

Well when people fear they are going to lose their jobs they don't make large pruchases such as cars. GM and Ford want bailouts in America too. They have also tapped the Swedish government for their respective Saab and Volvo divisions. The question is given an aid package is that just preventing the inevitable? The public has to buy cars for carmakers to survive and what other than an economic recovery will cause that to happen? Ghosn is somewhat of a wonder boy for his turn around at Nissan and even he and his companies are struggling. Those who blamed the big three's problems on laziness and union greed etc. can now see that the whole global car industry is in trouble. Sure some are worse off than others but even mighty Toyota's stock is worth half what it was.
usaexpat at 01:19 AM JST - 3rd December

One more thought: while less cars in the end might be good for the environment it certainly won't be good for your chances of feeding your families when the industry and its suppliers crumble and add 15% more unemployment in the process. By the way electric bikes aren't too practical for families of 4.
presto345 at 07:21 PM JST - 3rd December

One more thought: while less cars in the end might be good for the environment it certainly won't be good for your chances of feeding your families when the industry and its suppliers crumble and add 15% more unemployment in the process. By the way electric bikes aren't too practical for families of 4.

There aren't going to be fewer cars on the roads. People will just keep them longer, which is indeed good for the environment as it means a reduction in production pollution. Tax money must not be used to save industries that have failed to reform and read trends. It must be used to create new industries, new jobs. Far too much money is wasted on surface transportation vehicles. Dismissing the electric bike as an alternative means of transport is another example of short-sightedness. The number of (non-assist) bicycles has increased tremendously in the past decades, as is evident by their omnipresence in the cities and the lack of space to park them, proving their popularity as an efficient and clean mode of transport over short to medium distances.
whizzer at 05:02 PM JST - 4th December

Forget the aid ! The Americans should begin by protecting more of their market from parasitic nations like Japan. Once the US is back on it's feet it should then allow just a few foreign corporations to set up shop in the US. As it is now there are just way too many foreign companies chomping away at the heels of the big three. And when you get companies like Toyota that don't pay overtime, hide defects and delay recalls, or work their employees to death... well, it's hard to compete.