Foreign competition is showing American industry that it is bloated and inefficient, bogged down with debt and wage/benefit commitments it cannot keep.

The American worker can out work anybody, if you can just get him to put his beer down and work with both hands. Unfortunately the guy is an acoholic and nobody can get him to put his beer down.

GM is toast, Ford and Chrysler will follow, nobody wants to buy a vehicle from a company that won’t be around much longer.
They will be joining the other dinosoaurs like Kaiser, studebaker, Henry J, etc. etc.

This is a global economy, what can one expect from a country overloaded with debt, no industrial backbone, out of natural resources,losing its grip on high technology and printing money faster than Zimbob.

Buy American, if you can still find out what they make.

I think GM’s biggest mistakes come from lack of management’s planning for better alternatives and earlier investing in other areas. They didn’t put their eggs in enough baskets. Of course, one can look at FORD and Chrysler as they are not doing any better. They all blame fuel prices as an their excuse. We know that is not the whole story.

Today, I believe. there are more than 100 auto mfg. facilities.

G.M. had a natural demand for it’s product since WWII. The rest of the World was not industrialized enough to compete.

The clock does not stop ticking: W=FxD (Work equals force times distance). It was not complacency that that led to G.M.’s fall in market share, it is pricing competition. Under developed countries covet what America has.

Given time, manufacturing standards get osteoporosis in infrastructure.

Trade deficits not only affect automotives; we simply need to look at our U.S. deficits to get our perpective.

Costs are determined by what the market will bear.

You can buy most anything that BB&B has to offer in Target, K-Mart, Wall Mart, Meijers, and Wallgreens.

Essentially, the erosion of properity in the U.S. is accreting to competitive pricing throughout the developed countries of the World.

When you wear a Rolex and drive a Cadillac, try getting the message across to people living a substandard life style how hard you worked to get where you are.

GM sells products that people have learned not to want, mostly because of management’s short-sighted decisions and hubris over the past 40-50 years.

Fact is, the whole US lifestyle has been moving away from what GM sells since the 70’s – and management didn’t get it.

So, it makes perfect sense to me that the market thinks BB&B will survive and thrive, and GM will require massive new outlays of capital just to survive…

http://www.sawyerspeaks.wordpress.com

If you are having an attitude adjustment about this factoid, you are not alone.