From January: Every now and then I meet someone in Manhattan who has never driven a car. I used to wonder at such people, but more and more I wonder at myself.
Today: One of the biggest boosters of the American auto industry said Tuesday that he was bailing out of his large stake in the Ford Motor Company — a stinging no-confidence vote that raised the anxiety level in this city over the deepening troubles of the Big Three car companies. By starting to sell off his $1 billion bet on Ford, an investment that is now worth less than $300 million, the financier Kirk Kerkorian joined the growing ranks of investors who have soured on Detroit’s prospects because of plummeting sales and mounting losses.
From somewhere I can't re-find at the moment: We used to be a car company that also sold financing. Now we're a bank that sells cars.
And also, the ever-relevant Peter Drucker: Managers have to learn to ask every few years of every process, every product, every procedure, every policy: "If we did not do this already, would we go into it now knowing what we now know?" If the answer is no, the organization has to ask, "So what do we do now?" And it has to do something, and not say, "Let's make another study."
Kerkorian Sells Part of Ford Stake | 
