buyitcheaper

Default Risk of U.S. Automaker Debt: Too Big to Fail?

TBF? How about TSTS - Too Stupid To Survive? The big 3 are abject failures in management. The unions a big part of this failure in choking the golden goose with the rope of excessive benefits. (when the cost of healthcare and pensions is almost half the cost of production you have a problem.)

No, we have no need of an umbrella company like GM any longer who as recently as a year ago were pressing forward with their "big truck" idea as visionary. What a farce.

They've been outmanaged, outmaneuvered and simply pummeled by better foreign firms who focused on quality up and down the supply chain. When a new GM car is worth LESS than a 3 year old toyota equivalent, that says a hell of a lot about the public's perception of GM product.

No, not too big to fail, too stupid to survive. Pave over Detroit, (specifically its management) or better yet, wait a few more years and most of the workers will be in the south east working at Toyota and Hyundai plants.