@c.i.demann3069

Soichiro Honda, CEO of Honda back in the 70s, said, "When Congress passes new emission standards, we hire 50 more engineers and GM hires 50 more lawyers."  I think about this quote all the time.

@Insanity_Crow

Japan: How can we improve so we can be better, and earn their repeat business.
USA: Where can we pull expense from this vehicle and divert it to our shareholders?

@ruairi7775

Ahh... the classic combination of "$40m annual payout for the CEO" followed immediately by "laying off thousands of employees"...

@HudsonCryptosDev

Ford’s new slogan: 'Built to bail out.'

@kevinbarry71

fun fact; while they drove to Washington from Detroit, on the way home they took their Jets 

@kalrandom7387

They went and begged for a bail out and then paid their stockholders a record-breaking dividing just a month or so later, let them go under.

@eeli2284

Fun Fact: In 1919 the Dodge brothers sued Henry Ford for hoarding profits instead of paying the shareholders after Ford claimed he wanted to lower car prices and boost worker wages. The Michigan Supreme Court ruled CEOs must prioritize shareholder profits, cementing this concept into US law.

@Ethonoris

Wild how much "American companies failed to innovate" is a common thing now. Especially in auto and aircraft manufacture.

@ryanrau6714

30 years of ignoring Toyota and Honda will do that.

@YokubouTenshi

The fact that the 3 CEOs always act in unison means that they are pretty much just controlled by the same board.
Basically a single American car company relying on protectionism to stay competitive

@Geotpf

Two corrections:

1. Japanese auto plants (in Japan) are unionized under the JAW (Japanese Auto Workers).  Now, their unions are, in general, much more agreeable with management than American ones, but they do exist.

2. Only two door SUVs are subject to the "chicken tax", not four door ones.  There are plenty of imported four door SUVs sold in the US, by Japanese, Korean, and European companies.

@maxhugen

"We need another bailout or tariff,  so we can get back into the Top 10 selling brands."    Meanwhile,  2024 CEO Total Compensation:
GM CEO, Mary Barra:  $29.5 million
Ford CEO, Jim Farley:  $24.9 million
Stellantis (Chrysler) ex-CEO, Carlos Tavares:  $23.9 million
    "We're only making 280-365 times the median worker pay."

@jakeh8366

Ive worked for Ford for almost 10 years. I always doubted the decision to end cars; did people stop buying cars because they wanted trucks and SUVs more, or because we stopped making a decent car?

I never knew about the light duty truck aspect of CAFE. Suddenly our decision makes a lot of sense...

@IluvMypigg

When normal people are found guilty of "criminal conspiracy", we go to prison.  When corporations are found guilty,  no one pays a personal price. The company pays the fine. Business as usual.

@joejoejoejoejoejoe4391

In England, the streets of working class areas were full of Fords, now they're a rare sight, it's all German and Eastern cars.

@kevinbarry71

funny how Toyota remains the most profitable car maker there is. Not just profitable but consistently profitable over a long period of time 

@Jackson-T23

Forget fuel efficiency, horsepower, or headroom.  The biggest mistake the Big 3 made over the past 2 decades was neglecting to vastly improve reliability.  This one oversight has cost them dearly and will continue to do so as modern day cars and trucks continue to get more expensive to own and repair.

@NoResultFound

Giving money to failed companies just because they are "too big to fail" is beyond insanity. Did they learn their lesson? Heck no.

@Riel_Rami

I literally want to buy an American car. But American automakers refuse to make affordable, reliable, fuel efficient cars and instead only make $80,000 massive gas guzzling trucks.

@antonleimbach648

Why is it that the 8% labor costs to build a car are a valid reason to export manufacturing instead of the other 92% costs? I worked in electronics manufacturing for thirty years and usually our labor costs were around 2%-4%. Every year we were expected to squeeze more and more out of the people on the manufacturing floor but engineers, accountants, parts suppliers, executives, managers, sales people, everyone else got nice raises? It’s absolutely horrific how American workers are blamed for every stupid mangers decision that they had no say whatsoever over. American workers didn’t get to decide to build stupid SUV’s and trucks that most people never even haul anything in.