Demand More for Your Auto Bailout Dollar; Oil Patch Should Bounce Back Long Term [View article]
Why is Toyota profitable and GM and Ford, not ? Toyota makes cars in Kentucky using American labor that is non-unionized, but paid similar wages to UAW workers. This tells me that problem is not with worker salaries, but management incompetence.
The problem with American auto companies is they are risk averse and merely make incremental changes to existing technology. The 1928 Ford Model "A" got 25 mpg using a primitive engine with a carburator, distributor based ignition and rear wheel differential. Why is the fuel efficency of an average Ford 80 years later only 28 to 32 mpg using more advanced modern technology like fuel injection, distributorless ignition and front wheel drive ? Toyota is making and selling Hybrid cars, GM and Ford are still talking about it.
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Why is Toyota profitable and GM and Ford, not ? Toyota makes cars in Kentucky using American labor that is non-unionized, but paid similar wages to UAW workers. This tells me that problem is not with worker salaries, but management incompetence.
Nov 09 14:31 pm
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All Comments by longoil »Demand More for Your Auto Bailout Dollar; Oil Patch Should Bounce Back Long Term [View article]
The problem with American auto companies is they are risk averse and merely make incremental changes to existing technology. The 1928 Ford Model "A" got 25 mpg using a primitive engine with a carburator, distributor based ignition and rear wheel differential. Why is the fuel efficency of an average Ford 80 years later only 28 to 32 mpg using more advanced modern technology like fuel injection, distributorless ignition and front wheel drive ? Toyota is making and selling Hybrid cars, GM and Ford are still talking about it.