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Banks, real estate, and now the American auto industry have all been covered and Paul Ingrassia does us a favor for filling us in on the car parts (pun intended). He includes the good the bad and ugly.
First, Ingrassia begins at the beginning and covers a lot of ground that to some may be familiar. The start of US auto manufacture, the establishment of GM, Ford, Chrysler and others. The boom years, oil embargo, muscle cars, SUV rage and the Japanese invasion are all here. The latter part of the book, of course, details the ultimate demise of GM and Chrysler.
Ingrassia could be accused of union bashing, but I thought he was really explaining the codependency between management and the unions. He certainly comes down hard on the Honda bribery years and leaves rooms for all of us to hang our heads.
This is really a sad tale and I wonder if the story of the US auto industry might not be a metaphor for the decline of our competitive abilities in general.
Wonderfully written, Crash Course is read by the very able Patrick Lawlor. It is keeps the listener's interest. I would hope that every American concerned about our competitive situation and economic future will give the book a try.
5 of 5 people found this review helpful
The author really did his homework. I was especially interested in how the GM and Chrysler takeovers went down. There was actually some logic in the way the government handled it, and with the quick closure compared to the average bankruptcy, both companies had a much better chance at recovery than they otherwise might have.
1 of 1 people found this review helpful