Ohio Gov.: Honda Needs Big 3 To Survive
Ohio Gov. Ted Strickland said today that a collapse of one of the "Big Three" American car companies would not only effect the other two, but would also have a huge impact on foreign car makers, too.
"It will impact all auto companies -- including Honda and Toyota and all the others -- because they have the same supply network," Stickland, a Democrat, said on CBS News' Face The Nation. "This supply chain is very fragile, and if it starts to collapse it could have a cascading effect that could quite frankly cripple an industry that has been so vital to the economy of our entire nation for so long. So it's very important that the auto industry gets the help it needs to survive."
Strickland also told host Bob Schieffer about conversations he's had with officials from Honda about the problems facing General Motors, Chrysler and Ford.
"I've had officials from the Honda corporation come to me, say to me, 'Governor, we're not usually in the business of advocating for our competitors, but it is so important that the auto industry and the big three be preserved.'"
More from Face The Nation (2.22.09):