Workers cleaning up a former General Motors corporate jet revealed a contingency plan for securing a federal bailout package. The four hundred and seventy two page document revealed plans similar to that of former internet giant Netscape. As collateral for a bailout loan, they would effectively secure the loan with detailed instructions on creating an auto giant, ensuring the survival of the North American auto industry.
Inside the document were details on a five step plan starting with open sourcing the design of their cars. Executives rationalized that since they wouldn't be able to afford a severance package for their employees, the least they could do was provide them with a head start. Experienced auto plant employees will be able to band together and start producing their own automobiles before anyone else. The final step involved releasing details about their supply chain and distribution system, allowing everyone the freedom to create their own international auto giant.
Other loose documents revealed that Ford was in, while Chrysler had yet to join in on the deal. When approached about the open source plan, GM president Frederick A. Henderson said, "Well, it's a lot of information to go through, but should it come to that I'll be happy to help sort out the details. Of course it's still a bit of a challenge even for someone with my background but I know a bunch of guys from work who are really into cars and known a lot about business that are getting awefully nervous about their jobs. I'm sure they'd be on board too."
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