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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (562781)	4/26/2010 5:35:59 PM
From: SilentZ	Read Replies (2) \| Respond to of 1574386

>I don't think there is any way to guarantee that an auto company won't fail but I think gov't can push the auto companies and keep them competitive by regularly raising cafe standards and encouraging innovation. No one was pushing the Big Three to improve gas mileage, and in terms of innovation, look how far they lagged behind other car makers when it came to hybrids. Toyota has an ad running indicating that they had hybrids in the late 90s. The first big three hybrids were either in 2008 or 2009, and they got some of the necessary parts from Toyota. That's pathetic. But do you really think those are the biggest reasons for the financial difficulties of the Big Three? I happen to think that the largest reason is the economic crisis -- people just bought fewer cars for a while, and now they're buying more again. Even the Japanese companies started losing money during the crisis. Any industry where being #2 is horribly disastrous is not a very sustainable industry. -Z