Do you think it is possible at this point for the Big 3 all to survive?
I can only see a few scenarios where all three might survive at least, say, 10 years into the future.
1. The US government introduces tariffs.
I really don't see this happening. The talk that Lutz and company had in Washington seemed to produce no word on this.
2. The UAW makes concessions without a bankruptcy happening.
The UAW already knows that the agreements they have with the Big 3 make them less competitive with the Japanese. Do you think they would suddenly have a change of heart without something drastic happening?
3. One of the Big 3 goes bankrupt, forcing a panic mode which saves the other two.
This is, unfortunately, the most likely solution.
Since it seems to me that Ford as of late has contributed the least to the auto industry, and are one of the most top-heavy in terms of corporate bonuses (at least lately), and also have one of the weakest lineups, that it why they were targeted by this piece.
If we can see option 1 or 2 happen, or somehow the Big 3 can pull themselves out of this union cost funk without drastic measures, I will be happy. The crisis mode will still likely be entered anyways, and changes will happen all over the Big 3. I feel this is needed for these corporations.
I think the time has come however where it's appropriate to discuss the alternatives.
If Ford continues to take the attitude they currently show when they give a retiring manager such a bonus, they I hope they do die, as an example of corporate greed, and as a martyr for the other two. However, we can always hope for change.