Quote:
Originally Posted by burd
Someone needs to put a STOP to it. ��
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Impossible unless you figure out a way to get rid of private equity firms. They are destroying a lot of industries by buying them for Pennie’s on the dollar, pumping some money into them to get them running then spinning them off to others for a profit. Doesn’t sound so bad does it? Until you realize that the only people buying these businesses are more private equity or venture capitalists with zero knowledge or concern about the industry, it’s just money they move back and forth and all these legacy brands mean nothing more than a paycheck. The vast majority of folks who knew and cared about the automotive business are gone, they either got swallowed up, retired or realized there are a lot better ways to earn a living.