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On Jun 2, 8:47 pm, Wayne.B wrote:
On Tue, 02 Jun 2009 19:04:30 -0500, Vic Smith

wrote:
Mencken famously stated ""No one ever went broke underestimating the
taste of the American public."
GM has proven him wrong.

It worked for a while but they lost touch and started coasting. When
you look back at some of the barges they were selling in the 70s it's
a wonder they lasted as long as they did.

When we had the gas lines and the big three started trying to make a
gas saving vehicle, the Honda Civic came into play. Then GM tried with
the Vega, Ford the Pinto, Chrysler with the K car. BUT, out of those
crappy vehicles came the technology and research to make some decent
fuel efficient cars. I can only hope it'll be the same this time
around. During that time, the U.S. was bailing them out, too, just
like now.
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The only "bailout" I remember was a loan to Chrysler which was paid back in
full and ahead of schedule. Where there others?

Eisboch