Having read most of the latest raft of auto industry books, with titles like “Car Crash,” “Overhaul,” and “Sixty To Zero,” I have to say, Bill Vlasic’s “Once Upon A Car” is my favorite of the bunch. Not only does it lack the parochial form and voice that define too many of theses tomes, it populates its narrative with rich dialogue and intriguing character studies. In short, it’s got all of the lessons about industry, culture, and competition that you’d expect from a modern study of the auto industry, but it presents them in such a way that they never feel like a lecture or a business school study. Instead you get a well-spun yarn, still-newsworthy anecdotes and an unvarnished look at industry dynamics on their highest level. If ever there were to be a modern movie based on the auto industry, Vlasic’s book should be its basis. Read my full review over at The Wall Street Journal.
Great review. Now I’ll have to borrow your copy.
I take issue with the term “ressurection”, at least as it applies to GM and Chrysler. These last vestiges of US manufacturing are generally being kept on life support by the govt.
@Contrarian- GM is again the largest selling carmaker in the world, as well as the two largest national markets, China and USA. They have regained significant share here this year and the company netted nearly $7B in the first 3/4 of 2011. They have not received a dime from government since Treasury financed the bankruptcy and restructuring.
New GM is an unqualified success story and the term “resurrection” is quite appropriate .
I enjoyed review and added book to my Amazon wish list. I have older book “Comeback: The Fall & Rise of the American Automobile Industry” by Paul Ingrassia and Joseph White. It opened my eyes to what was going on in Detroit in 80s-90s. It also ends with hope that Detroit Big 3 comeback in 90s was for real. But authors did not hold much hope though knowing bad habits of Big 3 management and labor force very well.
I do not understand though what GM tried to accomplish with merger?
Cash, and access to Ford’s large lines of credit. GM knew they weren’t going to have enough cash to run the business, and proposing a merger seemed less radical than asking for a loan from Uncle Sam.
But what would be in it for Ford? Why Ford cares about saving GM?
GM going bankrupt would screw up the suppliers that they both use for many parts and would further depress the already-screwed-up consumer economy in Ford’s largest market. There’s a reason Ford lobbied in favor of the GM bailout.
Great review. I’ll pick up a copy,first chance I get.
Ditto. Very good WSJ review. Sounds like a must read. Thanks Ed!