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Detroit Bailout: MARDU Speaks
Nov 18, 2008 in Business, Education
MARDU , one of our most popular contributing writers, in previous articles has reminded us what time it is in America; he’s shared his expressed his anger over 700 billion dollars to save the financial markets; In October, when most of us were expecting a surprise, he told us of his optimism. Today MARDU tells us what he thinks of the American auto industry and what he thinks should be done if the government gives more money to the companies...and now MARDU speaks.
The decades old arrogance of America’s auto-makers, has finally come home to roost.
Since I was a child in the middle-ages, Detroit has treated its clientele like chattels. Dragging buyers around by the nose, incrementally up-scaling its products to increase revenue in its captive market.
After WWII, you’ll remember it, It was in all the papers. Europeans began to invade the market with low cost autos with tiny more fuel efficient power plants and Spartan accommodations. They were largely ignored by Detroit as a nuisance. Over the years we have seen the Japanese and now other Asian sources capture a large slice of the domestic auto market. Still, Detroit ignored the hand-writing on the wall, billboards, the news, and the American roads.
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