"If we had wanted to preserve the Big Three, we would have bought more of their cars."
In a nice essay on the oft quoted $73 average pay of a Big Three autoworker.
I have a picture of every car that I have owned. They are a 1971 Ford LTD, 1979 Jeep CJ7, 1992 Honda Civic, 1996 Pontiac Bonneville, and 2001 BMW 540 6 speed. Keeping the BMW for awhile. Love it. Today the two primary cars that are in my consideration set are the BMW F10 and Lexus 450h. Both foreign.
My father in law is a Pontiac/GMC dealer. Business is not good at the moment. My wife drives a GMC. Nice vehicle.
But before I graduated from B-School I had a job offer from GM. Turned it down. They had problems then. They persist today. GM and the rest of the American auto industry needs to right size their businesses. The USG needs to demand it before any relief is offered.
The key driver of Detroit is no different than a successful startup. Build something people want.
So what are you driving and what are your thoughts on a Detroit bailout?