richjoy

Is Anything Worth Owning in the Auto Industry?

Sadly, it really doesn't matter what vehicles GM, Ford, or Chrysler market in the USA (or what prices, what new features, what quality levels, or what reliability)...the media will continue to present them in a 98% negative light.

Within 5 years, the USA will lose a huge manufacturing base (remember WWII), a couple hundred thousand good jobs for the non-college grads, and our (former) place in the world...which is NOT to say they didn't contribute greatly to their own demise...

The consequences of our auto-makers moving what they have left off-shore will be much more severe than most now realize...a very sad for America is just over the horizon.

2010 - An Electric Car Odyssey

Here we go again...will we have 200 auto makers?...and 190 failed businesses?

If those companies can make vehicles that get 100 or more miles per charge, so can GM, Ford, Toyota, Nissan, etc....and they have the warranties, dealer and parts networks in place.

I welcome the new technology--and certainly those established companies need the push that is coming from new entrants.

But I would not invest in these new auto companies -- not their stocks, and not $30,000 to buy their product if the established players are competitive.