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Stupid American car companies deserve to go out of business

I seem to recall US CEOs saying things like "we'll let other companies take the risk of making hybrids and jump in after they've done the hard work". Some of them ended up licencing entire engines from Japan. I predicted this.

Why don't I go get an MBA and run an American auto company?

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What galls me is that if all these so-called "conservatives" really *were* conservatives, they'd believe in letting the failures fail. There's no such thing as "too big to fail", and in fact the official recognition of such a concept creates a perverse incentive--namely, to grow your company until it is in line for a government bailout if it fails.

... some of us DO believe in letting them fail, whether they're banks, insurance companies, car companies, or whomever. "You make bad business decisions, you get to go out of business", it's as simple as that.

Why don't I go get an MBA and run an American auto company?

Because there won't be any left by the time you get it?

Actually, some Japanese companies licensed entire engines from other Japanese companies, too: The Nissan Altima hybrid's powertrain is lifted straight out of a Toyota Camry hybrid.

ObTopic: After eight days including a trip from central Jersey to Albany, I'm still loving my Ford Fusion hybrid. 41mpg, its first fill-up yesterday, and a plain old regular car in every other respect.

Edited at 2009-07-08 02:30 pm (UTC)

Yep, and Subaru licensed its high-efficiency boxer engines... from Ford (who owned Jaguar at the time). It all goes around.

Subaru is right now the ONLY profitable Japanese car company. Funny how the news keeps missing that.

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