[AZW] ☆ Crash Course: The American Automobile Industry's Road from Glory to Disaster | by ò Paul Ingrassia

Crash Course: The American Automobile Industry's Road from Glory to Disaster By Paul Ingrassia,

  • Title: Crash Course: The American Automobile Industry's Road from Glory to Disaster
  • Author: Paul Ingrassia
  • ISBN: 9781400068630
  • Page: 232
  • Format: Hardcover
  • This is the epic saga of the American automobile industry s rise and demise, a compelling story of hubris, denial, missed opportunities, and self inflicted wounds that culminates with the president of the United States ushering two of Detroit s Big Three car companies once proud symbols of prosperity through bankruptcy The cost to American taxpayers topped 100 billion enThis is the epic saga of the American automobile industry s rise and demise, a compelling story of hubris, denial, missed opportunities, and self inflicted wounds that culminates with the president of the United States ushering two of Detroit s Big Three car companies once proud symbols of prosperity through bankruptcy The cost to American taxpayers topped 100 billion enough to buy every car and truck sold in America in the first half of 2009 With unprecedented access, Pulitzer Prize winner Paul Ingrassia takes us from factory floors to small town dealerships to Detroit s boardrooms to the inner sanctums of the White House He reveals why President Barack Obama personally decided to save Chrysler when many of his advisors opposed the idea Ingrassia provides the dramatic story behind Obama s dismissal of General Motors CEO Rick Wagoner and the angry reaction from GM s board the same people who had watched idly while the company plunged into penury In Crash Course, Ingrassia answers the big questions Was Detroit s self destruction inevitable What were the key turning points Why did Japanese automakers manage American workers better than the American companies themselves did He also describes dysfunctional corporate cultures even as GM s market share plunged, the company continued business as usual and Detroit s perverse system of inverse layoffs which allowed union members to invoke seniority to avoid work Along the way we meet Detroit s frustrated reformers and witness the wrenching decisions that Ford executives had to make to avoid GM s fate.Informed by Ingrassia s twenty five years of experience covering the auto industry for The Wall Street Journal, and showing an appreciation for Detroit s profound influence on our country s society and culture, Crash Course is a uniquely American and deeply instructive story, one not to be missed.
    Crash Course The American Automobile Industry s Road from Glory to Disaster This is the epic saga of the American automobile industry s rise and demise a compelling story of hubris denial missed opportunities and self inflicted wounds that culminates with the president of

    One thought on “Crash Course: The American Automobile Industry's Road from Glory to Disaster”

    1. Even though nothing in this book was a real surprise, I loved that all of the information surrounding the auto company bailout was tied up neatly into one small, concise, package Being from the Detroit area and now living in Connecticut , I experienced, first hand, the effects of the UAW and the missmanagement of General Motors Hopefully everyone has learned their lesson but I m not betting on it.

    2. Basically the story of how the US big three automakers came to grief in 2008 9, with GM and Chrysler winding up in bankruptcy and Ford narrowly averting this fate There s a fairly extensive backstory going back to the time of Henry Ford to explain how the Big Three developed the corporate culture that would eventually bring them down, but the main emphasis is on the decisions starting in the 1990 s that led the Big Three to rely pretty much exclusively on the profits from pickups and SUV s, whil [...]

    3. If you felt that auto execs made stupid mistakes over the past few decades, you were right If you feel that the UAW was detrimental in building good cars, you were right.Here are just three examples 1 In 2003, General Motors was spending 800,000,000 a year on employees in the Job Bank This so called bank was for employees that were laid off for any reason, including plant shutdowns This went on for years People making 70k a year and doing nothing.2 Also in 2003, 70% of GM s profits were from sub [...]

    4. A good overview of the rise and fall of the American auto industry, with a quick look at the history and an in depth look at the last couple decades, especially on the collapse and bailout It s evenhanded, assigning blame to the companies, the UAW, the government, and other parties It s easy to read and understandable even if you aren t a finance or car person There are lots of places I wish it went a little in depth, but that s the cost of exchanging breadth for depth One minor but annoying er [...]

    5. Though this book was obviously slapped together quickly after GM and Chrysler fell into bankruptcy, it still provides a good, succinct history of the American auto industry combined with an interesting in depth look at the last 10 years of rapid decline and eventual bankruptcy.The first thing to note is that the scale of the auto industry s failure is truly astounding The Big Three auto companies managed to lose almost 100 billion dollars between them in just four years time, which means they de [...]

    6. A fabulous read by way of Audible as we coursed first westward for Christmas, then turned back and retraced our steps.This book is a fairly transparent history of The Big Three and their downward spiral to the financial crisis and excepting Ford bailouts and bankruptcies.We d love a follow up, but what is the next big milestone of the automotive industry

    7. A brisk, informative and concise read Ingrassia provides a nuts bolts no pun intended history of the US auto industry, including the 2009 collapse and subsequent bankruptcy of Chrysler and General Motors Despite the United Auto Workers parasitic vampiric role in said collapse, plenty of blame is assigned to the executives that resisted change until catastrophe loomed The Halcyon days of the early auto giants is recounted in chronological order with numerous interesting anecdotes, but make no mis [...]

    8. Crash Course tells the story of how the Big 3 GM, Ford, Chrysler became the Medium 6 GM, Ford, Toyota, Honda, Fiat Chrysler, and Nissan I knew the story of the bankruptcy of GM and Chrysler in general terms but really didn t know many of the specifics The failure of management to make the hard decisions when it was clear that their cost structure was not sustainable is almost criminal.A few examples The job bank program where auto workers were paid 95% of their salary when a plant was shut down [...]

    9. A good, quick tale of the origins and consequences of the OTHER bailouts in the wake of the Crash of 08, those being the bankruptcies and rescue of two of the Big Three Ingrassia has long covered the auto industry for the Wall Street Journal, so this book has a lot of depth and back ground for one that was published so soon after the events it describes After a brief history of the auto industry and the UAW, Ingrassia turns to the forces that inexorably led to the downfall both of the union and [...]

    10. While written by a finance guy from the newspaper business , he does a good job of capturing the inherent problems of the auto industry, unions, financial connections, etc.he is off on technical information, but it isn t critical to the story He also misses on some of his stated executive benefits which basically are not true unless he is referring only to Executive VP level , as none of those he mentions were available at even high level executive ranks, eg director or Sr VP Again not too relev [...]

    11. This is a very good read if you enjoy cars and automotive history Or if you are like me,reading it to reach an understanding of how a giant like GM,who also supplies my pension, could fall into bankruptcy It is a tragic tale that is worth reading.The author provides an easy read on a subject that could be very dry and boring There are many interesting facts you pick up along the way For example, did you know that Ford was offered the Volkswagen company after WWll for free but turned it down You [...]

    12. The American car companies have always sucked, bad product, bad distribution, bad marketing, bad negotiating etc etc etc The hubris so thick that for nearly 50 years the American car companies brushed off the invasion of Japanese quality and cost Consumers have finally had it with shoddy quality cheap worksmanship, and flimsy components Ingassia s book does a good job of putting it all together from the dawn of the automotive industry to the bailouts in 2008 Ingrassia gets into the 11th hour, wh [...]

    13. Being extremely uninterested in cars, I had low expectations for this one but found it a very interesting read Covers mostly the recent history through bailouts, car czar under Obama, bankruptcies of the Big Three detroit auto companies, with Japanese companies making cameo appearances for contrast Aside from missing out on the SUV trend, which I guess was a mixed blessing, the Japanese companies are mainly depicted as savvy, efficient, forward thinking, the American companies as dumb, ponderous [...]

    14. A pleasant overview of a subject I knew almost nothing about Ingrassia covers the entire history of the automotive industry in the US, repeatedly driving home the themes of mismanagement and distrust at every turn Ingrassia writes in an engaging and easy to read style that occasionally verges on the overly wry Though he maintains credibility, he occasionally stretches the point in order to accommodate some groanworthy pun or play on words The text is useful as a survey, but it s a little too sha [...]

    15. I read this book like it was a good fiction book, non stop, probably because of my own personal experience with the auto industry There were so many familiar things in it, such as the Jobs Bank, where I got 95% of my pay when I was laid off from GM Norwood, and it was still happening in 2009 The book was a story of the insularity of the automobile industry, where no executive or executive retiree ever had to buy a car or pay for gas, or wash it it was all provided They knew what they had to do t [...]

    16. Hindsight is always 20 20, but reading this book makes me feel better about some of the dumb decisions I ve made over the years It s hard to believe that executives at the big three car companies focused on anything but quality and profitability, but they did And they sometimes did it with gusto The UAW didn t help, with a focus on lining their own pockets at the expense of the companies with such gems as the job bank Pride cometh before the fall, and the near collapse of the big three was testa [...]

    17. Want a fast paced, engaging overview of the US auto industry and what led over many years to its 2009 meltdown This is the book for you Much breezier and less detailed than something like David Halberstam s The Reckoning which is great in its own right , this is a fast, engaging read that hits all the key elements of the stupid management decisions and greedy union antics that led Chrysler, Ford and GM to their government bailouts and bankruptcies The book is overly weighted towards the 2009 cri [...]

    18. Detailed economic history of Detroit s big three Shows a whacked out alternate universe that will make you want to pull your hair out Examples a jobs bank where people got paid almost 100% of their salary for NOT working huh no co pays of any kind for health benefits The UAW demonstrates why unions do harm than good in the modern era in the end they screwed their members big time I hope Wagoner read this book and realized that he sucked as a CEO I ll stick with my Honda, thanks.

    19. Interesting story Describes the rise and fall of American car makers Author is very hostile to both management and labor, which is completely justified as all involved were incredible boneheads Enjoyed reading about the Job Bank, where an idle worker would be paid 95% of his wages for not working This was no short term program, it went on for years IMHO, GM got exactly what they deserved and much that they didn t deserve in the form of the most recent bailouts.

    20. For those who were unclear about the details about the auto industry s bailout, this book gives much insight into the events leading to Detroit s downfall It really illustrated that there was a great deal of blame to be shared by the auto industry executives, as well as the UAW It also illustrates the difference in the mindset of a company like Honda vs the American manufacturers Really, it was quite an interesting read.

    21. I can t believe I m going to describe a business book as thrilling and fascinating, but I am Crash Course condenses the time line of the auto industry from birth to present to lay out the roller coaster ride of its successes and failures in such a way that anyone can understand and see clearly how the big 3 failed Highly, highly recommended for pretty much everyone.

    22. Really enjoyed reading about the heyday of Detroit and the big Three Cars with fins, muscle cars, the mustang, to name but a few of the highlights They had a good thing going, but forgot who made them rich and successful Excellent treatment of the subject, and fun for us baby boomers to remember the cars of our youth.

    23. An interesting history of the American auto industry as well as the establishment of Japanese auto factories in the U.S As for the crash of the American auto industry the author outlines how management and the union were unwilling to change with the times I found it to be a bittersweet read as my family s Ford dealership has been a casualty of this.

    24. Author recounts the rise and mostly the fall of the US auto industry The book is mostly a fair minded assessment of the villains egotistical CEO s and greedy unions I was familiar with the key milestones in this books, but the behind the scene details were fascinating The gall of the unions was the part that most fascinated me Their blind greediness really stunned me.

    25. I enjoyed the content of the book, but it could have been written better It strained to be pedagogical, pointing things out repeatedly, often despite obviousness that probably didn t need to be pointed out even once It was also full of stretched metaphors and puns that were out of place in a non fiction book about the auto industry.

    26. Learned a lot about unions and the struggles within the auto industry over the last century Additionally liked the linking of the auto industry crashes through various points in time Worth the investment to read.

    27. I don t have a whole lot to say about this book It was good for what it was, a history of the American auto industry But I don t really have any strong feelings about it and probably won t remember it in a couple of weeks Meh.

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