And I assume you're referring to the automotive bailouts in 2008 when companies in many industries were falling apart and received bailouts or TARP funds? It was a rather unprecedented situation at the time, not really reflective of overall business viability.
Domestic OEMs have plenty of issues (poor innovation, arguably poor relative quality, unions, etc.) to criticize. Operating margins, which tend to be on par with foreign OEMs, aren't really one of them. And it really depends on what you're comparing it to to make a determination about how profitable the sector is. Pretty much nothing is as profitable as SaaS, but 4-5% is nothing to laugh at.
And I assume you're referring to the automotive bailouts in 2008 when companies in many industries were falling apart and received bailouts or TARP funds? It was a rather unprecedented situation at the time, not really reflective of overall business viability.
Domestic OEMs have plenty of issues (poor innovation, arguably poor relative quality, unions, etc.) to criticize. Operating margins, which tend to be on par with foreign OEMs, aren't really one of them. And it really depends on what you're comparing it to to make a determination about how profitable the sector is. Pretty much nothing is as profitable as SaaS, but 4-5% is nothing to laugh at.