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Detroit Still Stuck in the 1950’s – A Lam’s Interpretation

As you may probably tell from my previous two posts, I seemed to be quite a poor professional. I seemed clumsy, lazy, perhaps inferior to the other dedicated bloggers on this respectable site, at least in terms of professionalism. Any employer who would skim this blog to get a grasp of my personality would be abhorred by the sheer lack of efficiency and seriousness presented on this site.

And that, my friends, is exactly how I feel about Detroit’s Big Three automakers. They might want to step it up a notch.

As taken from the article “Detroit Still Stuck in the 1950’s,” the Detroit auto industry seems to be lagging behind competitor brand names such as Toyota or Honda in the sense that innovation is lacking in their newer models. Whereas Toyota and Honda are producing cars that are more efficient in terms of gas usage, General Motors seems to be producing cars that are either terrible in terms of gas efficiency or are too unaffordable  to produce at a large scale.

Now as a reader of said article, I am fairly disappointed that General Motors seems to be unable to adapt to the changing needs of the economy; people want affordable cars that have less impact on their wallet and the environment. Note that I am on neither “side” of the debate, I am neither for or against General Motors. But what General Motors is doing is a great example of what I see as the economic Darwinian theory: if you can’t adapt to the changing economy, sooner or later you’re either going to bump into problems or become extinct (which they were actually close to, at one point). What intrigues me is WHY General Motors is not apt to quickly adapt to the changing needs of consumers: could it be that they feel that they have found “their own niche” in the market? Maybe people WANT to buy big, inefficient cars?

Either way, I’d like to see how GM adapts to this one. Is it time to say goodbye to the old, bulky cars for good? Somehow, I’m not so sure that’s going to happen soon, and smoothly…

By christopherlam

BCom student at the Sauder School of Business with experience in group initiatives and leadership roles. Able to balance both academic and extracurricular endeavours with proven success. Enthusiastic, cooperative and motivated to work in team projects. Speaks fluent English and Cantonese. Likes to copy and paste biographical information from his resume, and speaking in third person.

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