Today's news is all about the GM bankruptcy. I suppose the biggest bankruptcy in U.S. history is newsworthy but it is hardly something new, unexpected, out of the blue. Then handwriting was really on the wall when GM lost customers like JMM and me. Why have we bought Japanese cars and not GM?? Simple dependability. The one time we bought a GM vehicle was in the early 1980's when we bought an Oldsmobile. It was a dream to drive--for about 2 years and then things started going wrong with it--the a/c, the windows, etc. I finally traded it in and we went back to Toyotas--good gas mileage and utter dependability. I now have a Honda Odyssey with over 100,000 miles on it and guess how many times I have had problems with it--zero. I take it in for maintenance and never have I had any problems with it. And the Honda dealership where I take it, treats me like royalty.
I am sorry for the GM workers, bond holders, and retirees but not sorry enough to buy a GM car.
Thought for the day:
Henry Ford:
A setback is an opportunity to begin again more intelligently.
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