Saving the US Auto Industry

[tw]

Originally Posted by lookout123

Are you really so foolish to believe that more than a relative handful of consumers care about the financial strength or the management of the company that made the product they want?

MBA school propaganda again. Long before financials say anything, the product has long been crap. Only bean counters would confuse what was posted with business school myths about 'consumers caring about the financial strength'.

Read Consumer Reports to see what the financials would be reporting four and ten years later. Read what Mary Ann Keller was writing in the Wall Street Journal so accurately that GM banned her from interviewing any GM employees. Read what the LA Times made obvious years ago - so GM took revenge. Or read the so many reports from Michelle Maynard.

Or see obvious numbers such as 70 horsepower per liter - a problem defined by GMs power train executive Heimbuch in 1990. "the payoff is being able to make the engine, transmission, and structure smaller to improve the car's efficiency". Instead, GM put even bigger engines with same low performance, pollution, and low gas mileage in even larger vehicles so that the same obsolete technology continued to be sold. Then bought Congressman to stop government from requiring innovation. This has been especially obvious the last eight years when everyone knows a president routinely stifled innovation.

While GM was still making 48 and 52 Hp/liter engines, Honda was testing the 100 hp/liter engine. We documented here some four(?) years ago that GMs were still doing only 52 Hp/liter.

Anyone could see how crappy GM product were ten and twenty years ago. You would foolishly discuss financials? Only a fool would promote such myths as if "Buy American" was good.

When the financials finally reflected reality, that company should have been confronting bankruptcy. How curious. GM was only four hours away from bankruptcy in 1991. Their products were that bad that long ago. Did GM make anything better since then? Obviously not. So GM then shorted the pension funds. And some Americans said that also was good - and bought more crap. "Good", they said. "Screw the workers."

Are you so foolish as to believe a product today is measured by the financials today? Only corrupt bean-counter types make that conclusion. GM's financials today are about how bad their products were four and ten years ago when so many Americans were saying “keep making crap”. Today’s GM (and Chrysler) products are even worse.

They encouraged GM management to play more money games so that every month, more GM employees must lose their jobs four and ten years later. Large parts of America so hated America as to still buy Chevys - with 1968 technology engines – and call themselves patriots. And then be so much more hateful as to blame the unions.

It really is simple. Forget the financials that report problems four and ten years later. Why would anyone buy an inferior product? The financial don't yet report how bad that product currently is. The real patriot instead believes in the free market - buy the best. Responsible analysis, news, and technical numbers have long demonstrated why a fool or one who hated America would buy a GM product. Financials only confirm what was obvious years ago.