What’s good for General Motors …

By Matt Cooney, June 25, 2008 @ 10:53 am

A former GM president once thought what was good for the carmaker was good for the country. Today, it matters less and less to the US, and there’s a strong case to drop GM from the Dow index altogether. Its replacement? How about the much bigger Apple or Cisco—or even (gasp) Honda. Detroit’s woes are often blamed on cheap foreign labour but  the loss of design leadership must be a big part of the problem.