Only in Detroit do they pay people not to work.The artificially high cost model of doing things doesn't work.
Only in Detroit do they build too many cars and trucks and sell them at a loss just so they can keep the plants running.
Only in Detroit do they ignore clear signs that gas prices are headed higher, build their business around V8-powered pickups and big SUVs, and then panic when American consumers bail on them.
"The simple fact is the business model that served us for decades in North America no longer works," said Mark Fields, president of Ford's Americas unit. "In line with the new reality, we will re-size our business. We're dealing with the world as it is, not as it was 10 years ago."
Saturday, September 16, 2006
The Detriot Union Way To Destruction
The Detriot News reports: