The way the media is portraying the current situation with the Detroit auto companies, you would think the problems they have today just snuck up on them and they are a victim of poor circumstances.
And when the executives speak they try to reaffirm that they were caught off guard.
But the video I'm about to show you illustrates the most glaring problem that has plagued Detroit for over 30 years.
DENIAL.
Let's take a look back at the 2007 NY Auto Show (4/07) just before gas prices were ready to blast off and listen to their insight just before all hell broke loose with gas prices.
Dagen McDowell of Fox News 'Your World With Neil Cavuto' 'interviews Donald Buffamanti, Founder of AutoSpies.com and compares his comments to GM's Bob Lutz when they discuss the question "Do US automakers have the right product mix if gas prices go through the roof?"
Watch the video and see who was right. Agent 001 or industry legend Bob Lutz.
The answer may surprise you!
Maybe 001 should be getting the big CEO contract?
You be the judge.
*When Dagan refers to a writer telling her the Cobalt was not in the same league against the Honda Civic, she was referring to my comments I made to her before the interview.