Without a solution to the worst management across the industry, the big 3 in Detroit are likely to simultaneously self destruct, drag down suppliers, dealers and even import automakers.
The loss of business from GM or Chrysler is likely to bankrupt suppliers. Then since those suppliers also supply Ford, this domino effect could grow, affecting all of the big 3's dealerships.
So... ready to hear some screaming from stockholders? Today the price of GM dropped to the lowest it's been since 1945, about 3 dollars US. If you are interested in consequences of criminal mismanagement, golden parachutes, and what happens when lousy customer service, lousy quality, and lousy gas mileage all culminate at a historic time of record high oil prices, lots of competition from better performing, higher quality, and better gas mileage foreign manufacturers.... give the news a little attention every day to see what solution is arrived at.
I'm forecasting irresponsible political intervention in a supposed free market capitalist country where competition used to be allowed to thin the herd of the fat, slow, corpulent, and failing. There is a reason so many car makers went out of business in the 40's 50's and 60's, Nash, Studebaker, Crosely, Duesenburg, Packard, Kaiser, and so on. There is a reason Plymouth and Oldsmobile were canned in the past decade. Sometimes you have to cut away the diseased area to save the rest.
Only the strong survive.
http://www.autonews.com/ subscribing is required to see more than the headlines
Monday, November 10, 2008
Subscribe to:
Post Comments (Atom)
Total Pageviews
Popular Posts
-
In WWI, British infantry soldiers were referred to as Tommys because of the name used as example in the pay book- Tommy Atkins. British tro...
-
most photos from http://www.jalopyjournal.com/forum/showthread.php?t=428585&page=733
-
This flamejobbed hot rod has been posted on this blog a couple times... it's a regular at the Del Mar Goodguys shopw
-
Among the advertures, the Wanderwells were present at the opening of King Tut's tomb, visited the Pyramids and Sphinx, the Great Wall o...
-
From the commentor KCMORon on http://www.shorpy.com/node/8316?size=_original : It's my speculation that the covers were more than just...
-
Hello and thank-you for taking the time to read this. I am sending this out to anyone I think might be able to help me with some knowledge...
-
It's cool to finally post a photo of Kirk Douglas, I've enjoyed his movies, and he's the type of celeb movie star that I'd ...
-
Never seen one before, and something about the age of a black and white photo tells me that these are obsolete I have no idea at all what ...
-
The movie starts with the guy racing a 73 Duster, Then having to try his Chevelle against local senior talent, the Sandman. The Sandman ...



No comments:
Post a Comment