I don’t follow the news as much as I should, maybe this was covered recently…but, in listening to Bill O’Reilly’s radio show today, there was a blurb/commercial, highlighting the GM CEO’s comment…that…‘we are here because we made mistakes.’ (here, meaning near bankruptcy)
So, what mistakes did the big 3 make? Why isn’t Honda and Toyota going through this…or Suzuki, and Mercedes?
I personally do not like american cars…I owned a Ford a few years back, and it broke down nearly at the 36,000 mile mark. Just wouldn’t start up. Sorry, that’s not acceptable. I will never ever buy a Ford, GM, Chevy…anything like this again. Now, that is my story, I know many people who love american cars.
I also know that when lenders stopped lending, after the foreclosure crisis hit, people stopped buying cars. So, supply and demand…there just wasn’t as much of a demand.
Are there more mistakes than this? The GM CEO sounded like he was taking more ownership of the mistakes though…that the outside factors played a part…but what other ‘mistakes’ were made that caused the problem, do YOU think or know about?