msoori

Automakers: A Pitiful Trio

I agree with Vienna's comments. Just look at how the old boys club works. Bob Nardelli gets fired for poor performance from Home Depot with a $210 million severance and is immediately picked up by Chrysler, which too is begging for money now www.foxnews.com/story/... Did Chrysler pick up this guy for his unique skill in running companies to the ground and begging money or what?

Pre-packaged Bankruptcy Is GM's Only Option - Barron's

The reasons for the failure of the American auto industry are
1) Reliability issues of the 80 gave the worst image of quality and the perception hasnt changed despite the progress.
2) The US auto industry essentially ignored and failed to capture the immagination and needs of the new genration, making the same ugly basic designs.
3) Failing to recognize the needs of most immigrants; reliability, good gas milage, cost, and a half good looking design. Next time you get in the car, look at the drivers around you and do a little bit of statistics of your own.
4) From (2) and (3), the US Auto industry isolated itself to a small segment of an aging "patriotic" population that would only buy American cars, despite its "short commings."

Given that all these are management short sitedness, do they really deserve the million $ salalries? I think its time to offshore the management, for a change, and use the savings for survival!

Does the Auto Industry Deserve To Be Bailed Out?

Does that figure of $67-$73 average pay per auto worker with a high school diploma include the multi million $ salaries of upper management that seems to operate with the intelligence of one with a High school diploma as well? If so, it all makes sense now.

A GM Collapse Would Signal Hope for Robin Hood

You people are amazing. When we put a dumb guy in the white house for 8 years no body from finance blogs complained. Not a word. Why should they? When the hen house is handed over to the wolves, I guess they would be happy. Now, all the blogger are coming out everyday, even before the new president takes office. At least have the decency to give him the same chance you have given to Bush, not once, but twice.

If you have forgotten about the Bush years, read this and the links in it xmplary.blogspot.com/2... If nothing else be happy that self centered, mediocre at best leadership is out the door.

Miserable October Retail Sales: Eye on Oil, Autos and Housing

Excellent article except for the little comment about the change from $150 to $60 per barrel as proof that energy markets cannot be manipulated. The fact that it went from $60 to $150 to begin with is proof that the energy market HAS BEEN manipulated. The victims of this will attest to it. What we can definitely see is that the sustainability of long term energy manipulation is not possible.