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Does America Even Need Its Own Automakers?
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Best car in world but priced too high = bankrupt
Just ask Pierce Arrow, Packard, Duesenberg, Auburn, Cord, Horch, Maybach, et al.
When I lived in the hills of NW Jersey for 20 yrs I'd shock people by saying that between my house and Cleveland the only things there were bears, golf courses and ski runs.
Where were you?
When I was 15 we inherited my grandfather's house and moved 5 miles up the road to Butler.
You one of those Pompton Lakes High School grads?
The problem with Saturn is they had no plans beyond the first model. When that was successful, I think everyone in GM was shocked.
Americans want to buy American cars. But the domestics gave up the car market in the mid 90's. The year the Taurus lost the sales title, the second time, the Camry and Accord never looked back.
With GM's $9.6B loss in the 4th quarter and many analysts are saying to expect the same for the 1st quarter, the writing is on the wall. The accountants are assigning a "going concern" label to GM which is not good. Most of the talking heads are now saying enough is enough.
It should be a fun March. When does vette62 get back?
They really wrecked the PL dam. Used to look like a waterfall. Now it looks pretty industrial. The good news is it controls the flow so that Oakland doesn't get flooded. The bad news is in case of rain everyone downstream still does.
The house I grew up in is a block and a half from the lake. Used to swim in it. At the time we didn't know what kind of junk was in it.
I'm in the south part of the state these days. Maybe 8 years ago or so they had a big rain and the dam that made Medford Lake broke. There's still no lake last I heard. People with docks going into nothing.
With just a little vision back in early 80's, GM could have parlayed Olds into a performance/entry lux division such as Acura, Infiniti. They realized this maybe 2 decades too late with their Aurora.
MBA courses will be studying the GM disaster for the next 100 years.