Let the Big 3 Eat Dirt if they have to. No more bailouts.
Period.
Some bygone traditions will come back if we pray.
Btw- they do make crap, crap compared to what they could make for just a few cents more here and a few cents more there.
Shame on them, read the book Car by Mary Walton.
She shows how even lives were lost by this penny pinchin' practice.
Shame, shame, get some rope, I'll find a tree.
Is that why they had to recall all those trucks for the tailgate falling off. But it is not only a GM problem, my ford hinge broke as well.
their cars sell well in europe but they can’t sell them here because of the CAFE regulations.
If the goal is to encourage fuel efficiency (a worthy goal to reduce dependency on foreign oil), then the best way to achieve this is by giving a tax break to car companies if they sell more fuel efficient cars.
“I don’t think GM’s chief problem is crappy product. They make some decent vehicles, especially 1/2 ton and 3/4 ton trucks. GM’s problem is legacy costs and unreasonable union contracts they should’ve never agreed to.”
The biggest problem isn’t a crappy product today, though they are far from class leading in most segments. The problem is decades of crap. Bad cars in the past, in particular during the 70s and 80s, are what allowed the Japanese to take over many key segments. The people who switched are now happy and it’ll be hard to win them back.