Sunday, June 24, 2007

Friedman: Death of the American Auto Industry

The American auto industry missed a huge opportunity to get ahead of the curve by producing energy efficient vehicles. But by doing so would have reduced the profits of those in the oil industry. The result is the not so slow death of the American auto industry. Americans love their vehicles. American vehicles are collecting dirt on dealer lots.

A very dear friend's daddy owns a Chevy dealership. It is dying a very slow death, despite all attempts to save this family business. I asked my friend, if his daddy owned a Toyota dealership would he be ok?

My friend patiently responded, "Absolutely."

Enough said.

No comments: