The Money Pit
People made fun of cars like the Vega and Chevette – but at least GM made money on them. And when GM stopped making money on cars like them, it stopped trying to sell them. They got cancelled and replaced. Profitability used to determine whether a car remained in production. Of course, those were the Old Days – when the car business wasn’t a government-supported, politically-motivated crony capitalist enterprise, as it is today. Today, profits don’t matter. Grotesque losses are embraced – probably because GM (and the rest of the industry) knows that the government – read, you and me … Continue reading →
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