All of the American autos had fuel efficient options. Escort, Cavalier, Neon, etc., etc.,
But just HOW fuel efficient? Also, where were the hybrids?
When gas was closing in on $4 a gallon, which car gave the better performance overal? The Escort? The Cavalier? The Prius?
The fact that the quality of their vehicles was sub-par to Japanese and German autos has NOTHING to do with jobs being sent overseas.
If you can't draw the connection to see how jobs being sent overseas harmed our economy, then you shouldn't even be having this discussion.
If they put out a poor product, they put out a poor product. Either way, the reasons they collapsed were many, but the labor costs ran them into the ground.
If they didn't make a poor product, they would have been able to afford the labor necessary to produce it. Why do you fail to play "connect the dots" here? ALL OF THIS STUFF is related to some degree. Stop trying to find the one thing that caused the strife... it was a series of factors.
I don't agree with this. There have been countless products which the consumer loves, but the company can't figure out how/is unable to make a profit in order to stay in business.
If a company can't figure out how to get their product to the consumer to make a profit, it's THEIR problem and their loss. Consumers are not obligated to buy anything just because someone makes it. That's Capitalism 101. GM & Chrysler did not have a promotion campaign geared to promote their products properly. I honestly see and more ads for Toyota, Hyndai and Nissan than I do for GM, Ford & Chrysler.
Also, when it comes to fuel efficiency companies like Honda are on the list repeatedly. In a recent study by Popular Mechanics (which BTW is much more reputable than any "news column"), two of the 5 cars that were voted the most fuel efficient over the last 34 years were from Honda - The Insight (49mpg City / 61mpg / Highway) and the Civic (42mpg city / 51mpg Highway).
Retro Fuel Efficient Cars - Classic Mega MPG Economical Car - Popular Mechanics
Even if the Chevy got that one nod with the Sprint, Honda was first with a product everyone needed. They're going to get the business, and it's not up to a single person who needed a car to wait a few years down the road for Chevy to get their acts together. This is more Capitalism 101. Simple need & demand. Why couldn't GM & Chrysler be first to make the affordable, fuel efficient car of the last 3+ decades?
Here's another list, this time from Consumer Reports regarding the most fuel efficient cars for January of this year. Honda, Toyota and other foreign car companies
dominate this list.
Most fuel-efficient cars
This is starting to sound like one of those pathetic, "we should only buy American car" rants. Please don't go there.
CEOs definitely took advantage in many cases. But auto workers were making upwards of $100k/yr.
If certain auto workers had the experience and the credentials to get $100K/year, then they deserved it. Period. You pay for quality all the way through and it generates a better product in the end. Besides, the average auto worker makes $29 an hour. Doing the math, that's roughly $60K a year. Please don't tell me that you're distorting figures by adding in their benefits to the total, in order to inflate the hourly wage? That was already exposed a while back.
FactCheck.org: Do auto workers really make more than $70 per hour?
The cost to produce, in the end, was much too high.
In translation... American car companies, with their rabid desires to pay their CEOs and their misguided attitudes about how consumers purchased cars, were too greedy & too cheap. They sat on their laurels and allowed outside competition to catch up and ultimately surpass them.
According to the attachment, the labor costs are now in line with the Japanese autos - so we will see if our autos can recover. Ford seems to be performing well.
Who cares if they can cut costs to be like the Japanese. Until they can make an affordable car that can compete with their rivals and be willing to spend what's necessary to promote it, they'll fail again.