10. The Mistake That Was Fiat
Long before it was Fiat Chrysler, GM had its hands on Fiat. The company didn’t do anything productive with the brand and it was sold off. Fiat managed to buy Chrysler and is now part of the big three. This was a bad mistake that GM needs to find a way to rectify. While Ford is off doing its own thing and didn’t need a government bailout, GM and Chrysler did and the two companies will eventually need each other. There is a good deal of technology sharing that is already in place. Which is why you see Allison transmissions in Ram-branded trucks now.
As the automotive market is consolidated with technological advances there will come a time when the domestic companies will need to align. This is the best thing for the market and it will ensure that some of our favorite car brands are around to see another day.