SAF

Why Ford Is a Goner

I aggree with your assessment.

Ford is a goner for sure. Compared to Government Motors it has a poor capital structure. The only was that GM will succeed is with import restrictions. Obama cannot let GM fail and whatever it takes for that to succeed, killing Ford and killing imports will happen.

Fiat had such a poor reputation in the US that it abandoned this market long ago. I don't see how they can succeed with the Chrysler take over.

Brace for lousy US made cars and high prices on imports.

The Fate of General Motors' Rick Wagoner

I've seen many startup businesses that had a revolving door at the CEO office. The CEO who was finally successful arrived at a time when the business made sense in terms of customers buying the product. The CEOs who preceded the apparently successful one where not bad guys just too early.

Say what you want about Wagner he arrived at a time when it was impossible to change either labor costs or the engineering culture. Now that GM is facing extinction labor costs can be brought into line and engineering can be fixed. No one could have possibly fixed GM before this crunch just too much momentum.

GM will need a great CEO to emerge from this mess. But that CEO has a chance now because most GM employees finally recognize the old way of doing business won't work anymore.

The Bonus Tax: The Redistribution of Both Wealth And Talent

More stupid laws on the way.