Wanna see something REALLY scarry? If you think things are dicey regarding the economy this week, imagine working in the auto industry. Unless your company’s product burns rice for fuel, before the economic meltdown, you were likely in bad shape, financially. Since the meltdown, your company is basically Dead Corporation Walking. Double that, if you’re one of the Big Three automakers.
Lo, how the mighty have fallen.
At one time (say, circa 1960), GM, Ford, and Chrysler were the crown jewels of American manufacturing. Those three companies were the envy of the world. Americans made things. We built cars that were not just transportation – nay, they were objects of desire, status symbols, and tangible proof that the U.S. of A. was the Greatest Nation on Earth. But the times, they are a-changin.’ Continue reading Karmageddon.