- (read this in Jay Leno style) The US automakers are so lagging behind in innovation that even a flu virus was able to beat them to produce a successful "HYBRID" strong enough to make an uproar among humans. Thats how bad the US auto industry is .
- When the detroit big three went to DC for begging money they flew into DC in their own private jets. Even I know that its a bad idea. And after all these, we still wonder why the auto industry is in doldrums with such pea-brains at the helm.
- Guess what, after the above fiasco, the private jet industry in kansas reports (quote NPR) that its orders are down because of this bad publicity.
- Steve Breen of the San Diego Union Tribune has this cartoon in his pulitzer prize winning portfolio that nails the coffin on the auto industry bail out stunts. Even the capitalists realize the futility.
- As a "communist-who-knows-it-wont-work", its disheartening for me when I observe that the auto industry is the only highly "union-ised" industry in an otherwise capitalist country. Not sure if the failure and union-isation are related though.
May 1, 2009
Detroit runs out of gas
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