Story Published:
Dec 4, 2008 at 7:38 PM CST
Story Updated:
Dec 4, 2008 at 8:15 PM CST
Mitsubishi UAW union workers are anxious to see if the auto industry bailout will be a success. Although the Detroit Three are the companies under fire, the Union President says the auto industry as a whole has taken a serious hit.
"We are part of it and what ever happens to the Big Three could definitely have an impact on us", said Ralph Timan, UAW Union Local 2488 President.
Timan says Mitsubishi and many other automakers purchase parts from the same suppliers as Chrysler, GM, and Ford...if they go under, Timan says it will drag others down with them.
"A pretty direct impact on the ability to do business and build cars based on the availability to get parts".
The Union President also question's Congress' motives for requesting plans from the automakers for the use of financial aid.
"Very unfortunate that we're held to a separate and higher standard compared to all the banks and insurance companies that have asked for these handouts".
At Velde GM Super Center, though business has fallen since last year, there's still a steady stream of people shopping for cars. The Dealer's President says if the Big Three go bankrupt, consumers may be the ones hurt.
"I also doubt import car prices would stay the same if you don't have domestic manufacturers...those prices would go up as well", said Rory Griggs, Velde GM Super Center President.
The President says though he's not worried about going out of business, he says if the Detroit Three aren't bailed out, the damage will be widespread.
"A bankruptcy would be devastating. I know people think that's a fear tactic, but I don't think it is", said Griggs.
Friday, Dec 5 at 9:07 AM Dr. Obvious wrote ...
Enough with the fearmongering. Americans will make do somehow...