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baabthesaab - @skaro Clearly, she’s British – or, perhaps, judging by her name, Irish. Folks in the UK regard a company as a group of... -
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Stockpiling autos is an old custom in Detroit.
Iacocca, in his book talked about joining Ford in the late 50’s. He was given the job of dumping thousands of pick up trucks stashed in company yards. He then talked of arriving at Chrysler in 79, and finding the Detroit fairgrounds and other places filled with cars with weeds growing through them.
This is the inelastic sclerotic methods of Detroit which has always been unable to react quickly to market changes. What all of this does is simple, trashes the resale value of all Detroit cars. Even the hallowed Corvette now lays around on lots. Overproduced and oversold in the past, all of these products are now unwanted legacies of the past.
Put another way, what is the real market share of the Detroit three if you factor out the overproduction?
The bad part of all this is that given the work rules and purchasing of the domestics, making far fewer units will raise prices just when people aren’t buying them at the cut rate numbers.
Is there an answer to this?
Funny…
That CBS clip finished with an ad from Saturn.
Is it 2010 yet?
Thanks for the video! Very refreshing!
So let the Big 2.8 and the UAW shut down and let the real innovators do their jobs!
CBS and actual car buyers have something in common.
Can anyone verify the head of Toyota’s total compensation?
Having 15% to 25% of your workforce temporary workers makes it a lot easier to not have layoffs.