I have never owned a U.S. auto stock. I have never owned a non-U.S. auto stock. I have never owned a U.S.-made car. I've rented one a few times.
The CEO of Ford has been on CNBC for what seems like hours, talking about continued restructuring, new models, blah blah blah. Is it bad for me to think that the U.S. auto industry doesn't matter to me? At all?
The term "too big to fail" has come back into vogue since the Bear Stearns smackdown. It feels like the U.S. auto makers are too big to change. They keep trying to change their models, change their manufacturing model, change their employee benefits, spin their non-core businesses and never really get anywhere.
Oh well.
No comments:
Post a Comment