Business Services Industry
Timely payment could help local economy.(Opinion, automakers and suppliers could pay bills on time to stimulate local )(Editorial)
Crain's Detroit Business, September, 2002
How General Motors saved the economy.'' Automotive News, our sister publication, led the front page of its Sept. 2 edition with that attention-getting headline just days before the one-year anniversary of the Sept. 11 terrorist attacks. GM deserves credit for creating the zero percent financing plans to ``Keep America Rolling'' in the uncertain days after the attack.
The incentive program, imitated by Ford Motor Co. and the Chrysler group, created unprecedented demand. Auto sales in the United States shot up to 1.7 million in October, the biggest month ever. That kept factories open and people working. What to do for an encore? We have a modest proposal to help the local outlook. It's simple: All three domestic automakers should pay their bills within 30...
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