qw

Big Three: Too Connected to Fail?

The Big 3 did make the products the public wanted, just not the ones that the Government mandated with CAFE laws. If the US had an energy policy, like the rest of the world, that forced the consumer to chose energy efficient products, like the $4/gal gasoline did, the domestic auto industry would not be in the state it is now. Remember, Toyota and Honda has big trucks and SUVs, not because they are as stupid as the domestics but because the American consumer wanted them, when gasoline was cheap. Joyboy shows ignorance about the industry and knowledge of economics. The big 3 have narrowed the gap and build products of equal or better quality than many asian and european manufacturers and have many products where their fuel economy is is very competitive.
In this environment, the demise of the auto industry will be a disaster, and will push the country into a prolonged "depression".