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May 18th, 2010 at 12:40 pm
Concerning GM:
1. They advertise constantly and spend billions more doing so than their competitors…for a reason.
2. The quality and creativity is lacking…engineers do not run the company, the union and marketing employees have the power instead. The mid-executive structure is a good ole boys club…and still exists at the lower levels. Those who ran the company into the ground are still behind the steering wheel…amazing to say the least after losing $80 billion dollars in four short years!
3. GM should have been allowed to go under. Ford, Toyota, etc would have picked up the parts and made better products in the future. Companies like Tesla would have gained also. Short term gain, long term loss…the bailout was a political vote buying mechanism that the majority of taxpayers did not want…