msoori

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!

Electric Cars for 2010: Shift from Foreign Oil to Riding on Local Renewable Energy

Those that can't afford to spend a lot of money on buying a new Hybrid/Electric car can send a message to the oil companies by changing habits.

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