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Why Detroit Can't Keep Up

It has become conventional wisdom that the reeling U.S. auto industry desperately needs to innovate. The hard part for Detroit is working out how.

There is hope, even for an entrenched, sprawling company such as General Motors. We don't need Michael Moore to imagine the misery that would be unleashed if GM were to go under. But before we spend more taxpayer money bailing anyone out, let's recognize that Detroit's worst failure is a recent one, not the long-gone blunder of betting that SUVs were the future.

Sunday 23 November, 2008 07:33 PM

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