By Brendan Moore
01.13.2009
While working during press days at the Detroit Auto Show this past weekend, I got into a conversation with one of the many young women hired to pitch the various cars during the public attendance days of the show. She was on a break, I was sitting in the same area going over my notes from
some previous interviews, and a conversation happened.
The woman, Candice Ross-Upshaw, told me that she had worked on the production line at Chrysler previously, which I found interesting in two ways, since she was now working as a model, and, at the GM stand to boot. Her mother and father are retired line workers from Ford, her brother is a current line worker at Chrysler, her husband works at Chrysler, all her uncles work or had worked at Chrysler or Ford, along with most of her cousins, etc.
Wow, I thought, that is one big extended family that really depends on the auto industry for their comfortable (note: but hardly lavish) economic livelihoods, whether the source is from a paycheck or a pension or healthcare.
It’s not as if I was unaware before this moment that the auto industry is important to Detroit; it is simply a matter of reading numbers and thinking about it in relatively abstract terms as opposed to talking to one of the people that depends on the industry for the well-being of almost everyone they know or are related to.
If the Detroit 3 go down, and stop paying their employees, and default on their pension and healthcare obligations to their retired employees, this woman’s family, and thousands of other families will be plunged into a financial abyss.
There will be plenty of really bad magic happening in the various communities where those families live as the ripple effects of much less money being spent fan out across other businesses.
Of course, it doesn’t end there – suppliers, vendors, service companies, etc that do something for these auto companies will all feel various levels of pain.
Continue Reading →