Quote:
Originally Posted by pauldun170
Yet you seem to know nothing of basic economics nor do you appear to have any clue of the auto industries troubles over the past 20 years.
I know people who work at Northrop\Grumman and have flown on an airliner.
They haven't a clue on the aerospace industry and they don't even understand how airplanes fly.
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Basic economics is fine but, at least in the case of GM, the reality is the structure of their dealer network had very little to do with the company's bankruptcy. Making shitty cars with a shitty cost structure, a lot of which was labor cost related, did. GM lost over $70 billion from FY2004 to Q3 of FY2008. For a frame of reference those losses are over $65 million for each dealer cut in less than 5 years. How much of that do you think was tied to the dealer network being unsustainable?