What Was Good for GM Featured

By Ted Craig June 18, 2019 856

Somebody online today compared Facebook’s plans for a cryptocurrency to the days when GM made more money from GMAC than from auto production. That, of course, ended well for no one. I have been thinking along similar lines recently. Boosters today look at companies like Amazon and Google and talk about how they can do anything, from making movie to revolutionizing cars. But the fallen titans of today were once involved in all kinds of businesses as well.. Not only dud GM once finance the purchases of homes and build and financed the cars in the garage of those homes, but it also built the refrigerators found in the kitchen! Again, it did not end well.

That’s the thing about living in Detroit ­– you’ve seen this story, you know how it ends, but nobody will listen to you because you’re from Detroit.

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Last modified on Tuesday, 18 June 2019 16:05

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