United We Stand

Big Three leaders joined hands with labor, government and suppliers Sept. 18 for a combination pep rally/brainstorming session to put the world on notice the industry will remain strong and united in the wake of terrorist attack. General Motors Corp. President Rick Wagoner was quick to point out the industry was not seeking a government bailout, and carmakers hoped sales would rebound without a fresh round of incentives. The unusual gathering at GM's Hamtramck, MI, Cadillac plant, was at the request of U.S. President George W. Bush who directed U.S. Commerce Secretary Donald Evans and Labor Secretary Elaine Chao to meet with industry executives. One suggestion: a task force to meet regularly with government on how to improve consumer confidence and build strength in the sector. The spirit of teamwork that got plants up and running in the aftermath of the attack will be directed at restoring consumer confidence. The Bush Admin. also is investigating ways to stimulate the economy, including further tax cuts. Ford Chairman William Clay Ford Jr. urged government to improve credit availability to consumers, and Chrysler Group President Dieter Zetsche urged his colleagues to avoid knee-jerk reactions when it comes to production cutbacks in the name of stability.