After pushing the ball around a bit, it looks like the automaker bailout could be sent to being voted as early as tomorrow (Wednesday). If you thought bailing out the banks were unreasonable, you would really be upset at this bailout. The US automakers clearly first need a major restructure and fire all the top executives who’ve made bad decisions for years.
If you think about it, there’s really not much that’s good about their business model. The US automakers have:
- No Pricing
- Higher Cost
- Bad Branding
- Products with no edge over competition
Until most of the above are fixed, the automakers will continue to lose money for years to come.
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