Why did GM and Chrysler go bankrupt?

[NorCal Dude]

Originally Posted by moparcas

These companies used to be run by private sector why did they fail and have to claim bankruptcy? I keep hearing from the republican side that private business keeps costs down. Where did all the profits go that these companies made for the past 10 years?

They went bankrupt due to moral corruption. Classic free market economics. For about 40 years gm has completely misjudged the american market. To the point where japan pretty much owns our market. They know what they want, they know how to get it to us, and they can do it cheaper and more efficiently. In my personal opinion we should let these guys rot and let others more capable of running auto business take over. I for one am tired of watching ding dongs run companies to the ground only to receive welfare.

[Chadro77]

Originally Posted by Steve-o

And why are you comparing a GT500 to a Z06? Once again, apples and oranges! Last I checked the GT500 could easily beat a Camaro, even the new rendition.

Of course a GT500 could beat a Camaro SS. Now a Camaro SS with a LS9 would run circles around a GT500. Thats why most compare a Shelby GT500 more to a corvette then a Camaro. Their more similar then a Camaro SS and a GT500.

[caution]

the same culture that has become a plague for many US businesses

if you can name something counter-productive, they did it