In his book "Factory Man," Harbour says what America needs right now is a good jolt of the power of the factory. During recent Washington hearings, he viewed elected officials playing a game of liquidation roulette with the Big 3 without realizing the risk of:
-- Europe, Japan and Korea dominating the American market. -- China becoming a far stronger, major competitor. -- Product development will take place overseas and engineering students at American universities may be forced to go abroad to find jobs. -- A majority of major capital investments, such as stamping press lines, body shops, and engine and transmission tools, going to foreign countries. -- Foreign manufacturers expanding in southern right-to-work states. -- The profits of foreign manufacturers from their American operations will flow back to their home countries. -- Vehicle prices rising because of diminished competition. -- Little attention being paid to the real possibility that Detroit will recover and repay government loans. -- The prospect of losing Detroit's historically large support for major charities and foundations, along with actions such as the "Get America Moving" vehicle price cuts that followed the September 11, 2001 attacks and weren't offered by foreign competitors of GM, Ford and Chrysler. For entire release: http://www.sme.org/cgi-bin/get-press.pl?&&20090001&PR&&SME&
Book Purchase: To purchase a copy of Factory Man, available February, 2009, visit http://www.sme.org/cgi-bin/get-item.pl?BK09PUB2&2&SMEwww.sme.org/factoryman. List price is $30.00/SME Members: $26.00, order code BK09PUB2. Orders also may be placed by calling 800.733.4763. Outside the U.S., please call 313.425-3000, ext. 4500.
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