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This is a letter I sent to the LA Times today. I say tax gasoline to $5/gal and Detroit might get competitive again. Also don't drill offshore, conserve and husband our oil and use up other countries oil first.
Apr 25 13:16 pm
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All Comments by Dominoes Falling »David Fry's Market Outlook for Wednesday [View article]
Toyota beats GM in world sales for the first time because of "missteps by U.S. - based automakers." Missteps, are you kidding! Management disasters are more like it. Roger Smith (CEO '81-'90, infamous in M. Moore's movie Roger & Me) reorganizes GM and destroys individual brands. More recent CEO's kept building huge SUV's (only area of profits) expanding fleet right off a cliff and B.S.ing everyone about hydrogen and dumping electric. WOW ...just a few missteps. I would laugh but I can't stop crying.