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JBL: Ford, GM Will Lose This Game of Chicken

Stock quotes in this article: WWE , PFE , GM , F , AMD , DE  

I have been in Bangkok all week wrestling for the WWE (WWE Quote). Growing up in Sweetwater, Texas, I never dreamed I would be riding in a rickshaw in Bangkok. Since I weigh almost 300 pounds, the poor driver probably hoped I never would be either.

That said, the big news here is not the president's speech but rather the bilateral talks between Thailand and the U.S. These talks present more problems for the carmakers in the U.S., and another reason to stay away from GM (GM Quote) and Ford (F Quote).

The U.S. wants Thailand to open up its banking system to foreign banks. In return, Thailand wants a repeal of the so-called chicken tax, which is a tariff on pickup trucks coming into the U.S. Thailand is the world's second-biggest producer of pickups, at 500,000 per year. ...

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