Bailout Watch 359: John Horner's International Auto Bailout Scorecard
Published: January 26th, 2009
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In case you didn’t know it, TTAC pays its contributors a token fee. They’re all motivated by an onboard desire to tell the truth about cars. So when John Horner contacted me with the idea of putting together a comprehensive list of the bailout banquet worldwide, I knew he’d leave no billion unreported. I just got the email and he’s outdone himself. ( I’ve posted the resulting chart as a pdf.) Suffice it to say, I thank John for his dedication to the cause. He’s promised to update this file as the situation develops. And to those of you who’ve said “Why bother? The government does what it wants anyway,” remember that knowledge is power. Whether you agree with the bailouts or not, you can’t fight what you can’t see.
More by Robert Farago
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Thanks again for the updates folks, I will add them in. You have answered the question: "Who will watch the watchers?"
Hi John, nice work. Australia has offered A$3.2b to Ford, GM Holden and Toyota by application over the next 4 years. Toyota have accepted A$125m to build the Camry Hybrid. GM Holden have announced they will build yet another version of the Cruze in Australia, while Ford are keeping alive the 6-inline-cylinder engine plant in Geelong with DI and Euro updates.
The banquet just keeps getting bigger and bigger!
This is just to let everyone know that I have just copyrighted the word "bailout". Now every time a government official, media outlet or blogger uses it, they owe me one dollar. I expect to be able to buy a new car soon, thus singlehandedly saving the worldwide auto industry.