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11 Dec 2008 08:38 am
Bankrupted Brands
By Patrick Appel
Massie opines:
The perception that GM and Ford and Chrysler build crappy cars is just another obstacle to recovery. And of course it's a perception that, even if out of date, is predicated upon the bitter memories of the crap cars they really did build. Turns out it takes a while for that perception to fade.
(Hat tip: Megan)
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If they take the bailout - boycott GM and Chrysler. Buy a Ford.
Excerpt: It is not the kind of cars they make. It is not their quality. It is their business model. It is their labor costs. It is their overcapacity. The only way they can accomplish the radical restructuring they need will be under the inevitable chapter 11 b...
Weblog: Divided We Stand United We Fall
Tracked: Dec 11, 2008 2:58:27 PM
