Whats the Auto Industry Bailout Plan Got to Do With Foreign Direct Investment?
What does the proposed auto bailout for America’s Big Three automobile companies (Ford, GM and Chrysler) have to do with foreign direct investment (FDI), let alone running an aftercare program? Well, in a recent thought-provoking article in the Wall Street Journal, journalist Matthew Slaughter suggests there is, indeed, a link – that any auto bailout (along with the current financial sector rescue package) ‘could erode the number of manufacturers willing to invest [in the US]’. Whether the bailout happens or not, the current travails of the US auto sector present a classic example of how inward investment agencies can use their aftercare programs for the good of their investors – and their region. How? Well, for any region that has even a small cluster of automotive companies – whether they are assemblers or component manufacturers – here’s what you can do: – Check in – NOW – with all of those companies – Take time to understand their concerns – Learn about the help they need or want –
