Live by the sword; die by the sword
The American car makers for the past 30 years have focused exclusively on short-term profits and ways to milk the last $5 out of horrible cars. If they wish to worship short-term profits, then let them die from it.
The worst thing the US Government has ever done was to bail out Chrysler. It should have been allowed to die, broken up, and resuscitated as multiple new companies. The same is true of GM and to a lesser extent Ford. It’s sad that it means, short term, that people will lose their jobs and that old-line names will go away, but long-term it is necessary if there are to be healthy auto companies.
The best proposal I’ve seen if we are to salvage the industry is, rather than just shovel money into the pit that is Detroit, guarantee that the Government will replace 100% of it’s auto fleet within the next 4 years, if Detroit builds cars worth buying. Give them something to work towards—higher mileage, better quality—and they might be able to do it.
This entry was posted at 10:05 am on 16 November 2008 and is filed under Random. You can follow any responses to this entry through the post-specific RSS 2.0 feed.
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