Quote:
Originally Posted by spence
The auto companies don't suffer from a lack of innovation, they suffer from labor unions and a giagantic oil lobby that stifles innovation domestically.
-spence
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Add slowing consumer demand and obsolesence to the list too. We're basically looking at a %$%$%$%$ty business from the top down. Bailouts prolong the inevitable. I also read many of the UAW members receive almost 80% of their compensation when they're laid off too. They need to "save" these companies so the union hacks can survive. It has nothing to do with changing the business model or product.