Reply #60: World War II ended.

[ieoeja]

By the end of WW-II the United States was the only major industrial nation in the world whose industry was still intact. We had decades of good times based on that factor alone.

For decades 90+% of French wine was made from {gasp} Concord grapes!

Once the rest of the world rebuilt, they started facing increasing competition which means a smaller slice of the pie. GM is still #2 worldwide and was only overtaken as #1 a year ago.

Maybe they could have recognized this smaller share on the horizon and planned accordingly. But when you shrink, Wall Street drops the price of your stock. And when that happens ... someone else will buy you and put you out of business. So I dunno. But it really isn't an issue with building cars. It is all about money.