A recent article documented the collapse of SUV sales in the US (the only real market for them).
This is due to (surprise) soaring gasoline prices.
SUV plants are closing and thousands of auto workers are losing or leaving their jobs. I understand that the auto companies "give people what they want" but I don't understand how the Jpanese companies seem to be able to produce a mix of high quality, reasonably priced cars that people want to buy. Toyota and Honda and Subaru etc produce all kinds of cars from ultra-cheap to ultra-chic and seem to be structured in such a way that they can respond to changing consumer needs.
Could it be that US companies were greedy for the fat profits SUV's gave them and got caught with their pants down when gas prices went up so fast?
No, never. Must be the union's fault...
