In Detroit Rarely Misses a Chance to Miss a Chance in Wired, they list 5 ways the Big 3 have missed the boat … their ride … whatever. My favorite:
2. Electric vehicles – All of the automakers â€” including Honda (the EV+) and Toyota (the RAV4 EV) â€” are guilty of pulling the plug on EVs prematurely in the late 1990s, arguing the technology was too expensive, the batteries unproven and the demand for such cars nonexistent. But GM lost the most with the EV1 debacle. You can argue the car was entirely too expensive and way too advanced for its time â€” “The EV1 was a work of art,” one EV advocate told us. “And that was the problem.” â€” but the fact remains GM held the future in its hands and threw it away.
Jalopnik has the complete draft text of the bill plus discussion that is better – though a bit more rambunctious – than the bill. Seems ambitious enough:
LONG-TERM RESTRUCTURING PLAN ENSURING VIABILITY, INTERNATIONAL COMPETITIVENESS, AND ENERGY EFFICIENCY.â€”Not later than March 31, 2009, each eligible automobile manufacturer (1) shall submit to the President’s designee (2) a long-term restructuring plan to achieve and sustain the long-term viability and international competitiveness of the domestic automobile industry (3)…
From a quick scan of the bill and an even quicker read of this and this, it seems that the bailout will likely have lots and lots of strings and put the auto industry at center stage for at least a little while.
It seems to me that after years of practicing our one state recession that we should have an opportunity to perform it on the national stage.