Great Article : The decline of the US auto industry

As Toyota prepares to claim the title of the worlds largest car maker, this article from the BBC is a fascinating look at the decline of the big three American automakers. It is a sad story (for americans at least) of a spectacular fall and an important lesson for industrial giants everywhere. The British seem to blame it mostly on the vague force of "globalization", but i think it has to do with poor decisions, greedy near sighted American investors, and shoddy engineering as well. I have predicted the fall of GM for awhile now (although it looks at the moment that Ford is even more likely to go first), and when the post mortems are finally written, there will be a lot of blame to go around. The article also looks at the local human impact, which I suppose is also sad...