Well, who here hasn't heard about GM? I will now eat my crow, as I was one of those who said the government would never let GM go bankrupt. I was wrong. Although, I do think it's the right move, sadly. Let's just hope this shakes the american automotive business to it's core, and they don't return with the same problems. GM's not "out", just down.
I find this article below quite interesting. It's titled "Americans Don't Care About GM", written in the eyes of the workers. It's not too long. In it, there is one sentence that I think sums up the entire situation for GM in general, which led it to today. That is: “There was a moment in time when the company wasn’t run by car people,”
http://www.bloomberg.com/apps/news?pid=206...&refer=home
In my opinion, they never recovered from that sentence. And if the American population truly doesn't care if they go bankrupt, it's probably due to one too many burnt out alternators, leaking door seals on a $45k truck, broken this, rattle that, etc.. One too many problems to one too many customers.
On a side note, I use to watch the Indy 500 as a kid, every year. I was a huge fan. Not until this year, did I actually sit down to watch it again. I remember a race where engine failure was a huge component of that race, where drivers would literally coast across the finish line because their engine had failed. This year, there was not one single engine failure during the entire race, not a one. I was really surprised, and even made the comment to my brother who was watching it with me "isn't it strange none of the Chevy or Ford engines have failed?". I kid you not, it wasn't 20 seconds later when the screen flashed information about the engines.....which were ALL built by Honda. Go figure. An American icon sporting event, powered by a competitive company.
