AFSCME 3357-HOF'S BLOG

If General Motors thinks things are bad - Things are worse at Mitsubishi

From the article below:

Never mind that Mitsubishi sells only about half the vehicles it once did in the U.S. At its peak, it sold more than 300,000 vehicles a year; last year, it sold 161,609, and about 30 percent of those were to rental and company fleets, which don't generate as much income as retail sales and damage residual values and image.

Not only that, but its CEO is named, I kid you not, Gilligan. Is the Chairman of the Board going to hit Gilligan with his hat when he makes a bonehead move?

Inside Line: Mitsubishi: Can This Brand Be Saved? -