Naming Robert Nardelli the new CEO of Chrysler is just one more step in the torturous decline of the American auto industry. Professor Peter Morici of Robert H. Smith School of Business, University of Maryland (http://forums.industryweek.com/showthread.php?t=1270) clearly points out the error of new Chrysler owner Cerberus Capital Management LP. Could Robert Nardelli be a partner in this private equity investment firm? That might explain the investment.
I use Consumers Reports® as a guide to buying cars. One fast look and you quickly realize that most Japanese cars and some European cars are the leaders in quality. Is it no wonder that sales of the big three (GM, Ford, Chrysler) are in the dumps. The closing of those companies will impact our economy in ways that will be nightmarish to our economy.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment