Tuesday, December 01, 2009

Government Motors

Don't count on getting your $50 billion back anytime soon. Not that I was all that enthralled with Fritz Henderson as CEO (Just how was a 28 year GM employee supposed to radically change the culture?), but there's going to be a loss of focus associated with uncertainty at the top.

Plus, GM is at least 3 years behind Ford in attempting to get their house in order.

Which brings us to an unsung hero of the American auto industry – Bill Ford. At some point, Ford looked at the hard truth of where his company was, realized that he couldn't fix it, and went out to find someone who could.

Lots of people talk about recognizing the grim reality, but fewer manage to do anything about it.