Lessons learned from UK Bailout?
British business secretary Lord Mandelson announced Britain's failing auto industry will receive £2.3bn from the government and European commission as an incentive to revert to a sustainable auto industry and reduce carbon emissions and conserve energy consumption.
Lord Mandelson said, "The steps we are taking today will help companies speed their way to becoming greener, more innovative and more productive. This is the route to securing jobs for the long term as we build a more balanced economy for Britain's future."
Furthermore, to boost up British automobile credentials, Toyota has confirmed their "decision to produce a full hybrid in the UK reflects both our confidence in the quality and commitment of the Toyota UK workforce and the strength of our long-standing partnership with the UK government."
Hopefully US Auto Dealers are heading towards the same direction. Rather than shutting down plants, laying off workers, and still feeling able to afford giving Ex- GM CEO Rick Wagoner a retirement package worth $10 million, the "Big 3" should look for innovative ways to turn green and become more sustinable. Workers and CEO's should act as a family, see each other as equals, and collaborate to come up with ideas to move forward towards sustainability.