Published Feb 20, 2007
It’s not a good time to be an American automaker. Ford is undergoing yet another restructuring, only two years after starting their last one. GM is about to become the #2 in the industry — passed, embarrassingly enough, by Toyota. And Chrysler may be sold by Daimler-Benz’s for the fire sale price of $5 billion.1 It’s like the ‘80s again, this time without Lee Iacocca and his K-Car or Michael Keaton running a US auto plant in Gung Ho. How did they blow it so quickly after saving US car companies once? The surprising truth seems to be: sales were too good. And, even more surprisingly, good sales can be trouble for all of us, especially entrepreneurs like me (and maybe you).