And they are doing the right thing, buy not waiting 20-30 years too late
they assure their own survival. Smart management and staff.
Trouble is by Government Motors being subsidized by the taxpayer, it will
make it harder for the others to survive. It upsets market supply and
demand. Other North America manufacturers like Toyota, Nissa, Honda and
Ford will have to lay off more people to compensate for the imbalance.
One way or another the jobs are gone. Just in the game of musical chairs,
who gets burned? The cuplrets like GM? Or are they going to get away with
passing the buck? So far, GM has passed the buck to the taxpayer.
Have you done a GM lately? (Not paid your bills, welch on debt and blame
others for your incompetance).
Actually very little difference except the difference in how GM and
Toyota are treated in the press. GM is criticized for bad managemet,
building too many inefficient vehicles, etc., etc. Toyota is given a
free ride for following a very similar startegy. GM execs go to
Washington to ask for help and are made a laughing stock and forced to
beg for money. The Japanese governement forks billions over to Toyota
and the press largely ignores it. Toyota quality is slipping. Toyota
has upsized many of it vehicles. Toyota poured billions to build a
third rate horribly inefficient loser of a monster truck. Toyota
actually lost more than GM last quarter. Toyota fell to second place
in global sales behind VW last quarter. Yet, Toyota is praised and GM
is trashed in the US press.....
Toyota had the wit, finally, to see that they had screwed up and quickly
moved to correct the matter. GM just kept plowing down a dead-end
road-not too bright. Toyota has the ability to recover from their
screwup, GM is C11/C7.
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