Quote:
Originally Posted by Gatorubet
The shortsighted Detroit CEOs who got our whore congressmen to gut the increased mpg mandates for decades are to blame as well. If they had transitioned to high mpg and hybrid vehicles like they were supposed to, they would be more competitive now. They took the short term SUV cash cows over the long term welfare of the company.
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So the Big 3's problem was that they sold more vehicles than the competition and those vehicles were of a type that had a higher profit margin?
The solution was to sell fewer vehicle with a lower profit margin while the competition was investing billions in producing larger trucks & SUVs?
Got it.