"Detroit ended up making investments in SUVs and large trucks because that's where they perceived a competitive advantage and that's where they felt they could make the most profit.
"I think it was a mistake for them not to plan earlier, and now we're seeing a huge growth in fuel-efficient cars that is benefiting the Japanese automakers and Detroit is getting pounded some more."
- Sen. Barack Obama, May 2008
(The question is - who's dumber and more shortsighted: Detroit auto execs, or America's homebuilders?)
Showing posts with label some of america's ceos are pretty dumb. Show all posts
Showing posts with label some of america's ceos are pretty dumb. Show all posts
May 05, 2008
HousingPANIC Quote of the Day
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