Here is one:<\/p>\n
Re \u201cFor Detroit, Chapter 11 Would Be the Final Chapter\u201d\u009d (Op-Ed, Nov. 24): Spencer Abraham, like all who have spoken in support of the auto industry, talks as if Chapter 11 would kill the American auto industry. When will he and others present a more realistic scenario?<\/p>\n
A Chapter 11 filing may be the middle ground between the government-financed \u201ctrust me,\u201d\u009d pain-free, business-as-usual path Detroit prefers and its straw man, the draconian forecast of Chapter 7 with its accompanying specter of a near-term liquidation of the entire American auto industry. It may also be the only way the automakers can revise their contracts to shrink their businesses to the existing market.<\/p>\n
General Motors, for one, has too many models, too many plants, too many employees and too many dealers to support the 20 percent share it has whittled itself down to over 30 years.<\/p>\n
Its leaders must demonstrate a willingness to make what\u2019s good for the United States taxpayer good for G.M.<\/p>\n
Roy Fuchs
\nTrumbull, Conn<\/p><\/blockquote>\n