Auto Industry Concern
Nov 19, 2008
I am concerned about the possible demise of the US auto industry. Apparently a whole chain of suppliers would go out of business. Are these not the same suppliers who supply the farm equipment industry? What will happen to the US farm and industrial equipment manufacturers like Caterpillar and John Deere? I know John Deere has moved their small tractor manufacturing to Asia, but believe their large tractors are still made in the USA. Caterpillar has been one of the few bright spots in the US economy in the last year.
I am also concerned about US security. Who will manufacture the Hummers, trucks and tanks for the military? It seems to me that the automotive industry is as important to the USA as the banking industry. We cannot afford to let it fail.