While their companies are on the brink of bankruptcy, Ford Chairman William C. Ford Jr. and GM Chairman Rick Wagoner still don't get it.
Not one time while either of them was waxing eloquent about how they were going to turn their companies around while blasting thousands of Americans into unemployment lines has either of them mentioned cutting excessive executive compensation or building high-quality, trouble-free vehicles.
While my Oldsmobile was sitting at the dealership more than 10 times for an overheating problem, these executives were flitting all over the country, earning $10 million salaries, trying to get us to buy more of their junk.
The dealership never took my complaints seriously until the engine blew with 77,000 miles. I finally sold the car for $600 and was glad to get rid of it. In the two years I have had my Chevy S-10, the repair total is nearly $6,000. All this on a truck with less than 63,000 miles.
It is going to take longer than two years for these two companies to overcome 40 years of poor-quality vehicles.
- Jeffrey Smith, Clive.
Thursday, February 09, 2006
Letter Of The Day
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