I had this article from last week, with respect to auto manufacturing, and one of the reasons GM and Ford are failing. While it's not the biggest of their problems, it does hurt the bottom line. Improving their efficiency is a secondary issue to the main problems of supplying vehicles that the public want...and reliability. Instead of just closing plants to save dollars, the Big 3 should look to making improvements at the plants that are left. More cross-functional parts, and improving reliability are what will make the difference in their North American profitability in the future.
This is relevant now, because of the departure of Jerry York from GM's board last week. Now would be a good time to take some of your gains from GM.
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