Archive for Auto Industry
Voltwagon
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Fredrich Hayek’s 1944 classic Road to Serfdom has become a best seller again. He said that governments tend to plan production for political, rather than market, purposes. Government owned GM’s new Volt costs $41,000, runs on a battery, and gets 40 miles per charge.
GM Pays You Back
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GM paid off its TARP loan with money from its TARP escrow account, then used more of your money to buy ads to brag about it. Nick Gillespie explains on Reason TV.
Speed
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Twelve Steps to More Fame, Money, and Power
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Thomas Sowell had another good column last week in which he asked the age old question, “why is Tiger apologizing to me?”.
Toyota
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Recall
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Buy Buy Buy
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Bailout
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Robert Gates called the stealth F22 Raptor a relic of the cold war. The Senate exercised its awesome power, 58-40, to make it extinct. What is GM a relic of?
Blessed
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Whiz Kid
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Here’s a column by George Will about ‘whiz kid” Robert McNamara’s rise from Ford Motors. The belief that he and a group of JFK’s “best and brightest” could reshape the world through science and superior management led to defeat in Vietnam. His own son had demonstrated against the war at Stanford. In his 1995 book “In Retrospect: The Tragedy and Lessons of Vietnam” McNamara said the war was a mistake. Here’s a cartoon I drew then. 