Everyone rode the cheap gas thing, because people were buying the products.
And it just so happend that these said vehicles are huge profit makers.
Name me ONE company that will abandon a massivly growing market that makes 3-4x the profit of other products you make?
I dont want to hear that "GM doesnt make cars that people want to buy" because for 72 years, no one sold more cars then GM, and GM is still #2!! So thats a lot of cars that people arent buying. And they are still #1 in the US.
There are so many false reasons why GM failed. GM failed because they could not make profit from regular vehicles, were spending money on trying to fix that on top of making thier vehicles better and more desirable, and the economy took a giant dump on itself.
Ford is looking good, but its to me a false perception. They still are losing money hand over fist, and once GM and Chrysler come out of Chap 11, they will have jumped so far ahead of Ford in profitability and debt reduction that Ford will have to find a new way to fix themselves. I will say that in a year or less, Ford will have problems unless the economy turns around or that GM and Chrysler surge and Ford rides the wave.
Ford's products are marginally better, with only one or two stand-out products. Most of thier bread and butter cars are old and tiresome.
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2/20/2013: They Day the ****s Stopped
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