U.S.News & World Report
10 Cars That Sank Detroit
Friday November 14, 5:34 pm ET
By Rick Newman
The global financial crisis is suffocating the Detroit automakers, but the problems at General Motors, Ford, and Chrysler have been festering for years—even when the mighty “Big Three” were earning billions. Aging factories, inflexible unions, arrogant executives and shoddy quality have all damaged Detroit. Now, with panicky consumers fleeing showrooms, catastrophe looms: Without a dubious federal bailout, all three automakers face the prospect of bankruptcy.
There will be plenty of business-school case studies analyzing all the automakers’ wrong turns. But, as they say in the industry, it all comes down to product. So here are 10 cars that help explain the demise of Detroit:
Excerpt: Go to the link below for the story:
http://biz.yahoo.com/usnews/081114/14_10_cars_that_sank_detroit.html?.&.pf=insurance
Very good article.
I think re-badging has been a particularly dumb way to do business over the years.
I’m still waiting for some pol to explain to why the U.S. Big 3 automakers matter if they consistently flop at either gaining market share or capitalizing (um, note that word!) on their measurable successes.
If the “jobs” the Rats are trying to save are not presently producing anything anyone wants to buy in sufficient quantities-—and, based on history and other market forces-—it is rather remote that that will change any time soon, what is the ECONOMIC POINT of “saving” those “jobs”?
If Pelosi just wants taxpayers to pay UAW’s benefits bill, let her say so.