Re: Junkyard dog hits Motown
On May 16, 2007, at 6:56 AM, Michael Smith wrote:
My point was, it isn’t an isolated or exceptional case. I’m not
sure what the reasons for it are. I suspect early domination of the field, more
even than monopoly.
The US auto industry has been subject to strong competition from
abroad for more than 30 years, yet still they just kept falling
behind. They got a break during the era of low gas prices, when
people bought high-profit SUVs, but now that gas is $3, they’re
losing again. We have lots of skilled workers at every level - and
Toyota and Honda have no prob making money in the US. What’s wrong?
Why have they been so unable to get their shit together?
Doug