It comes as no surprise that yet another automobile manufacturer is facing financial difficulty and must now rely on significant restructuring to stay afloat. These difficulties are endemic to a sales channel that advertises choice only within the confines of a virtualized monopoly.
(more…)
It’s not looking good for Detroit. Both GM and Ford have been going through a rough patch, and they are both announcing significant losses. But there are some key differences in the kinds of financial troubles these two automobile giants have gotten themselves into.
(more…)
During the early 1980’s the economy was suffering from recession, and GM seized this as an opportunity to modernize vehicle assembly plants using robotics and other computer automation. It was also about this time that GM partnered with Toyota to build an economical vehicle, and over the next decade they churned out over a million of these cheap cars. Soon after, GM partnered with Isuzu and Honda to expand these outsourcing opportunities for other core components of their vehicles.
(more…)