Comment Re: They're right you bunch of freetards (Score 1) 612
GM and Chrysler both went under due to poor leadership. For GM, the CEO (Ron Wagoneer) continued to depend on sales of gas guzzlers such as Hummers long after it was obvious that people wanted something more economical. In Chrysler's case, it was because of internal problems that had existed from the time that Daimler had acquired them - it was a bad corporate fit - and they should have appointed Bob Lutz instead of Bob Eaton, and they wouldn't have been acquired by Daimler.
Ford, on the other hand, saw the gathering storm clouds, and put in place over $20 billion of loans that they could tap to help weather the storm. They even mortgaged their logo. They also trimmed the number of models, and focused more on fuel economy, which is why they didn't need a bail-out. They had smart management and the right product.