the "main" problem with the

    Secret Budget Deficit

    Posted by dylan398 on 5th of Nov 2008 at 10:14 am

    the "main" problem with the US car is perception....the resale value stinks....If I give you a choice of buying two objects @ the same price ...even if the quality is the same....and I tell you one will be worth more a lot more than the other in 4 years..which one will you choose??

    ener

    Posted by harold on 5th of Nov 2008 at 11:35 am

    The main problem with american car comapnies is exemplified by GM - they had the best electric car technoloy in the world and because of good old american hubris they fought the CARB because they weren't going to be told what to do by governement "gal damnit". So what did they do. They sold the lithium battery patent to TEXACO who sat on it for years (good 'ol efficent capitalism at work! - they never consire against the consumer!) before the inventor Stanford R. Ovshinsky could come up with a new version and this time keep it himself (see his company symbol:ENER).

    GM literally destroyed their market advantage by crushing every one of their EV1's and destroying their R&D and selling it to companies who would sit on it and not bring it to market (on purpose!)

    GM like all the US manufacturers self destructed because of a corpoate culture that has existed in this country since the depression. It is a short sighted bonus driven profits above all else view that creates junk.

    Only wwII and the mass employment need of the war change that corupt culture.

    But our industrial base was eroding in the 1960's anyway before any jobs were sent overseas. The steel industry was in shambles, car manufacturers where under assult from imports, we switched from being the worlds creditor to being the world's debtor and that's why Nixon took us off the gold standard.

    Only wwII and the mass employment need of the war change that corupt culture.

    American corporate culture needs to be revisited if our economy is to be rebuilt.Most EV1 engineers went to Telsa Motors - Check it out. They are building an amazing car.

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