Financial Times FT.com

It would be a bad bet to reward Detroit for failures

Published: November 11 2008 02:00 | Last updated: November 11 2008 02:00

From Mr Bevis Longstreth.

Sir, News reports suggest that Democratic leaders in the US Congress favour more billions in life support for Detroit's failing car companies (on top of $25bn to retool their plants for fuel-efficient cars), despite widespread recognition of their inability to compete over decades of opportunity.

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