Quote from VeryPlainJane
Ford is also cutting 4,000 jobs...boy the economy is just rolling along!
Very sad. Between GM and Ford that's 34,000 families losing a good income.
I bought my first new car - a Chevrolet - in 1985. I only put about 7,000 miles per year on a car. Within six years (40-50,000 miles) the car was shot. The GM dealer told me that model car just had some problems.
I went that year (1991) and bought a Toyota Corolla. 14 years later and it's as good as new. A couple of years ago my daughter turned 16. We bought her a 1995 Toyota Camry with 239,000 (!) miles on it. These are not unusual stories for Toyotas.
American automobile manufactures raked in the money in the 1980's and early 90's while making poor-quality cars. They lost me as a customer. That's the way they lost many customers; one at a time.
It's not the economy. Cars are selling. It's just that GM and Ford have to lose money on each car before many people will buy them. Until they make cars that are so desirable that people are willing to pay top dollar, they will be unable to take back the market share that Toyota et al. have gained.
Again, it's very sad. American engineers are as good as anyone in the world and can make high-quality products. Management has stifled quality over the years and now they're reaping the consequences of mismanagement.