[lbo-talk] GM Bankruptcy Fears Rising on Wall Street

Doug Henwood dhenwood at panix.com
Tue Nov 15 13:16:07 PST 2005


Dwayne Monroe wrote:


>Typically, these sorts of stories are met with
>statements about Japanese autos being better built
>than American -- routinely offered as the primary
>explanation for any US auto firm's difficulties.
>
>There's truth in that observation but it may take us
>only so far. Although some automakers are doing better
>than others in certain markets, I wonder if there are,
>quite simply, too many vehicles chasing too few
>consumers across the globe able to buy.

Those aren't incompatible hypotheses. There are too many carmakers, so the crappier ones take the hit.

Doug



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