Audio – Timing is everything … and cash is king

September 16, 2008

ron1.jpgUnited Auto Workers head Ron Gettelfinger knows that a bird in hand is far better than one flying around with a bunch of promise.

For that reason, Gettelfinger, speaking at this year’s Reuters Autos Summit, said that the sooner that the U.S. government can commit to the hoped-for $50 billion in loan guarantees (it’s not a bailout, he reminded us) to help the auto companies, the better it’ll be for them to make the kind of investments they need to transform themselves and strengthen their future prospects.

Gettelfinger, as always, tells a compelling story and we can imagine he’s quite a foe on the other side of the bargaining table.

He was one of the featured speakers on the second day of the summit, which runs through Thursday in Detroit.

No comments so far

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/