VitalAccurateThinking

Automakers Slow Death or Fast Death, Your Choice

The die was cast many years ago and the results of American automaker's refusal to adopt efficient management and manufacturing techniques are being seen now. It appears it will be a long, slow death for first Ford and then GM. Ford is cutting back 46% of its work force. The results of this will reverberate through the economy. The best case is Ford being absorbed by Honda or Nissan. That will be the only thing that will save the company.

Of course, there is always the possibility that a Lou Dobbs-(The American Idiot)-style protectionism will allow the Ford and GM dinasaurs to survive a little longer.

posted by Jim VAT @ 10:11 AM