CIT goes into bankruptcy. What does that have to do with cars? Actually, there are a lot of things to be learned here, and I can only cover a few without turning this into a small book.
Our US government, people we elected, threw 2 point something BILLION dollars at CIT to keep them afloat, and it didn’t work. Depending on the government to fix the economy is like depending on the UN to fix the world’s weather.
Likewise, we shouldn’t be expecting that the government bail –out of GM will ever lead to GM plants re-starting here in the Miami Valley. Political deals will only generate business where the politicians want it. Fiskar motors in Biden’s Delaware, Tesla [will it be the next ‘Tucker’?] in politically powerful California, home of Nancy Pelosi.
What is there to count on if we can’t count on the government? Us, of course. Actually, the government is counting on us to work our way out of this, to embrace innovation, start new companies so they don't have to prop up the failing ones, new companies to hire those laid off by the failed.
Ford now has the best hybrid on the market, better than the Prius, according to many, so a great car company doesn’t have to be Japanese. The MV-1 might start production soon in Indiana, near South Bend, and the MV-1 sure isn’t a sexy super car. We in Ohio already know we can build cars here.
Are there enough business owners in the foundries and machine shops and technological companies in the area, to get together and build something on their own, without simply being contractors for someone else? There is risk involved, but without innovation, teamwork, and moving forward, the risk is that we will suffer the same fate as Detroit.
I would like to see this area put some of it's car-building expertise and aerospace technology into building some alternative transportation. Because this is a column on Alternative Transportation in Dayton, and you're not giving me much to report on....