With the American car makers on the edge of the abyss and hoping for a bail-out by the government we thought it might be appropriate to remind you of this sad car maker joke.
The Sad Car maker Joke: The Canoe Race
A Japanese company (Toyota) and an American company (Ford) decided to have a canoe race on the Missouri River. Both teams practiced long and hard to reach their peak performance before the race.
On the big day, the Japanese won by a mile.
The Americans, very discouraged and depressed, decided to investigate the reason for the crushing defeat. A management team made up of senior management was formed to investigate and recommend appropriate action.
Their conclusion was the Japanese had 8 people rowing and 1 person steering, while the American team had 8 people steering and 1 person rowing.
Feeling a deeper study was in order, American management hired a consulting company and paid them a large amount of money for a second opinion.
They advised, of course, that too many people were steering the boat, while not enough people were rowing.
Not sure of how to utilize that information, but wanting to prevent another loss to the Japanese, the rowing team’s management structure was totally reorganized to 4 steering supervisors, 3 area steering superintendents, and 1 assistant superintendent steering manager.
They also implemented a new performance system that would give the 1 person rowing the boat greater incentive to work harder. It was called the ‘Rowing Team Quality First Program,’ with meetings, dinners, and free pens for the rower.
There was discussion of getting new paddles, canoes, and other equipment, extra vacation days for practices and bonuses.
The next year the Japanese won by two miles.
Humiliated, the American management laid off the rower for poor performance, halted development of a new canoe, sold the paddles, and canceled all capital investments for new equipment.
The money saved was distributed to the Senior Executives as bonuses and the next year’s racing team was outsourced to India.
Sadly, The End.
Here’s something else to think about:
Ford has spent the last thirty years moving all its factories out of the US, claiming they can’t make money paying American wages. TOYOTA has spent the last thirty years building more than a dozen plants inside the US. The last quarter’s results:
TOYOTA makes 4 billion in profits while Ford racked up 9 billion in losses.
Ford folks are still scratching their heads.
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US electric car manufacturer “ZAP” announced that it will present this week a new electric sports car based on a Lotus Engineering design. To take on “Tesla Motors” Roadster high-performance electric vehicle it is using the Lotus aluminum APX concept car as the platform and promises 644 horsepower / 155mph max speed by replacing Lotus’ APX’s conventional gasoline V6 engine with in-hub electric motors. By comparison, Tesla’s Roadster that is due for delivery the end of this year has 248 horsepower and a similar max speed. The company further says…
We normally don’t watch car magazines on TV – with one or two exceptions. And our most favorite still is UK’s Top-Gear.
As we’re traveling quite a bit we often end up watching it online. So there is one of their very best just made available online – Jeremy doing a review of a “really” small car.
Well the smallest car of the world (according to the Guinness book of records) to be more precise. And watch what he does with it:
First he carries the car into the office…
If you thought there might be some business ethics coming back to today’s executives in the banking business – think again. Looking at the biggest mess in worldwide finance ever created in mankind’s history and those guys still believe its business as usual. You hear stories of so-called executives that are leaving their sinking ships with severity / separation packages worth hundred of millions of dollars – at the same time their employees are left with nothing and many particularly the younger ones looking into a very gray future.
These are seemingly the signals sent out by the cover up plans hammered through these days by governments around the world – grab as much as you can today – we don’t know if we can sponsor your fat bonuses and pays with taxpayer subsidies in the near future. And don’t be shy – a hundred millions might not be as much tomorrow and you know – you did study economics and understand what happens as a result from these FED and other interventions with regards to inflation – don’t you?
Now one of the best indications what those people think has been provided during the House’s Oversight Committee hearing on AIG today. Just a week after the government agreed to bailout the tumbling AIG with USD 85 Billion of taxpayer money, the executives of AIG went on a leisure break spending almost USD 500K on manicures, massages, luxury dinners and hotel rooms…
Ever wondered how it would feel to drive around in Batman’s car. Well now you’ve got a chance to find out. One of the 1960s Batmobile created to promote the original Batman TV show is to be auctioned this month in London. The superhero’s car, said to be the sixth produced, is expected to sell for more than GBP75,000 (USD187,000) at Coys Spring Classics auction on February 27. Not all of the Batmobiles were fully functioning, but this example was built as a fully working vehicle. In reality, the car is almost 6 meters long. The Batmobile going on sale was built by…