Book Editions:Paperback64November 30, 2008Bibliolife9780559579707
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The US Automotive Industry Lags Behind
The influence of the Big Three is not only shrinking in the domestic market, but also declining as a force in the global economic landscape The decline in sales and productivity may seem like a result of the US automotive industry lagging behind as businesses, but the problem has many complex factors
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Almost one out of every ten jobs in the United States is related to the auto industry. That is a staggering statistic! As of this week, the American Auto Industry CEO's from The Big 3 (GM, Chrysler, Ford) are threatening that if a bailout for their failing corporations is not granted, the country will likely fall into another Depression era. I cannot begin to express how angered I am over this situation, because NOBODY has really spoken about the core issue: what are the true and absolute reasons the American Automakers are in need of being bailed out?! The true and absolute reason can be summed up in one short phrase: decades of greed have lead to shortsighted decisions and actions for which they are now facing consequences. We sho ...