What happens after a 100 years of the Model T?

What happens after a 100 years of the Model T?
Under certain conditions the auto industry will get government help but they have to get their act together.
The U.S. auto industry needs a management shake up, a reorganisation and an innovative vision for the next 50 years. That will save them.




Congress, White House tussle over form of automaker rescue
WASHINGTON -- The White House and congressional Democrats launched a post-election showdown Monday over how to rescue U.S. automakers with millions of jobs, more than a century of iconic brands, and potentially economic confidence, riding on the outcome.
As the year that celebrates the 100th anniversary of the Model T races to a close in volatile political environment, the Bush administration and many lawmakers agree that up to $25 billion in loans should be extended to General Motors Corp , Ford Motor Co and Chrysler LLC.
But there are key differences on the details. Democratic leaders plan to forge ahead with an industry-backed proposal that would offer $25 billion from the Treasury Department's $700 billion financial industry rescue fund.

Shelby favors changing automaker management teams
Wednesday November 19, 7:23 am ET - By Ken Thomas, Associated Press Writer
Republican Shelby favors bankruptcy instead of bailout money for troubled automobile industry
WASHINGTON (AP) -- The top Senate Banking Committee Republican says nothing will turn around the troubled U.S. auto industry until its top management is ousted and the manufacturing model overhauled.
Sen. Richard Shelby of Alabama said Wednesday he didn't think providing $25 billion in emergency loans to Detroit would do the jobs, calling that a "life support" option.
Shelby said on CBS's "The Early Show" that he believes filing for bankruptcy might be the better choice. He said: "I don't think they have immediate plans to change their model, which is a model of failure."
Rep. Barney Frank, a Massachusetts Democrat who heads the House Financial Services Committee, said he didn't think filing for bankruptcy would be a good strategy. He noted that such a move would likely mean that contracts with organized labor would have to be broken, saying "we already have too much union busting."



(Reuters Video) Congress weighs auto bailout (01:34) Report