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Too much baggage

Published Tuesday, August 01, 2006

“The sooner GM gets taken over by Toyota, the better off our country will be.” — Tom Friedman, NY Times, May 31, 2006 There 's no doubt that the American automotive industry is in serious trouble these days, and it's not just because U.S. automakers are losing market share — and billions of dollars — to the Japanese. That single sentence from Tom Friedman's long rant against General Motors and domestic manufacturers in general points to an even bigger crisis — one based solely on misperceptions. Friedman, who dubbed GM a “crack dealer” for offering ...

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