Saturday, April 04, 2020

a couple thoughts about the car industry

notice that many of them are asking the govt for a bailout, a stimulus package like cash for clunkers.

Must be interesting to make 17 million a year like Jim Hackett, and not be able to come up with an intelligent plan to keep your company afloat.

Or GM CEO Mary Barra who makes 22 million a year.

Neither of these CEOs has a clue. They simply do not have even a plan for increasing sales when the economy is doing good...

Isn't it simple? Build an inexpensive car for under 15k, you know, like every successful cool car that got major car companies into the black.

The T bird, Mustang, Camaro, Charger, Model T, Model A, 240Z, Mini, MG, Miata, F100, Meyer Manx, VW Bug... you get what I'm saying?

How are companies with 50 years and more unable to make a good cheap car? I get it, they want to make a wallop with every car sold, like Ferrari, but every expensive car company I can think of went bankrupt. Rolls Royce, Lamborghini, Ferrari, Maserati, Jaguar, Bentley, Spyker, Bugatti, Aston Martin.

What is the deal? Doesn't anyone point out that these mega corporations (Ford, GM, Chrysler/Fiat, even the US post Office) can get a loan on their assets?

Vice versa, if they can't make it, do they deserve a bail out when clearly they feel rich enough to pay upper management (board members) over a million a year apiece? Doesn't a monkey throwing handfuls of it's own crap at a grid of possible decisions have as much chance of  picking a stradegy that barely keeps a company solvent? Airlines, cruise ships, etc... none of them seem to have the ability to succeed, no matter what industry they're in.

Amazon, Dominoes, liquor stores, grocery stores, Porn Hub...  they all seem to be able to run their businesses no matter what the world is up to, or how the economy is doing.

Meanwhile 14 people have been charged with embezzlement from the UAW https://www.caranddriver.com/news/a31253503/uaw-embezzlement-scandal-gary-jones-arrest/

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