Actually the government did run the auto companies during WWII. With the
Army and Harry Truman watching over them they sure produced a lot of tanks
and deuce and a halfs.
IMHO the problems with US auto companies today can be traced to the need to
show Wall Street a handsome profit every quarter and the inability of the
auto company managements to see anything beyond the "Corn Curtain". They
are simply unable to plan anything beyond the new model development cycle
time. Which coincidentally was about the same time that people would make
their payments to their finance divisions before trading in as well as the
length of the union contracts. And note that the finance divisions were
the biggest profit centers. All of which made it desireable to design cars
that would last only three years until they were traded in.
Ed Weldon
----- Original Message -----
From: <NT788@comcast.net>
To: "Bryan Savage" <b.a.savage@wildblue.net>; "List Land Speed"
<land-speed@autox.team.net>
Sent: Tuesday, November 11, 2008 4:17 PM
Subject: Re: [Land-speed] GM ?? Ford ?? Mopar ??
> The government runs auto companys!
> -------------- Original message ----------------------
> From: Bryan Savage <b.a.savage@wildblue.net>
> > A friend gave me a book and said it would explain why the domestic
> > auto company's are in trouble.
> >
> > The name; "On a Clear Day You Can See General Motors" by John
> > De Lorean
> >
> > It seems simple to me.
> > Financial people can't run an Auto Company any better than they can
> > run Wall Street.
> > It seems like you need car people to do the job right.
> >
> > Amazing!
> >
> > Bryan
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