Tuesday, November 25, 2008
Here's a striking suggestion - simultaneous bankruptcy filings from the big three American car makers. This, say the authors, would reduce stigma and would not be 'an indication that American manufacturers produce inferior cars and trucks.' But they do - the clearest evidence of which is the fact that Toyota's market capitalisation is now twenty times that of Ford, Chrysler and GM combined. It's simply not credible that there's nothing wrong with their products. Otherwise, the simultaneous filing makes perfect sense.
Posted by Bryan Appleyard at 11:00 am