Too often the conventional wisdom in the looming credit crisis and the request of The Big 3 for a federal loan has been that it’s all Detroit’s fault for building bad cars that the public didn’t want. It was all a management problem. I’ve never believed that was true. At … Continue reading
Watch Biden speak for himself. Embedded video from CNN Video Full transcript of taped interview here.
In a nearly unprecedented action the board of Toyota has announced they expect to have a loss for the first time in 67 years. This would be the first since 1941! Can anyone again tell me that this crisis is limited to the US ? This is the MSNBC story. … Continue reading