Porsche-tractor
In order for the U.S. automobile industry to compete in the global marketplace Harry Rady, of Rady Asset Management argues that there must be strict downsizing of the industry. Any products that are irrelevant in the marketplace, such as cars that are simply not selling, should no longer be produced. Instead the manufacturer should focus on producing the cars that are selling in the most cost efficient way, and revenues should be funneled to research and development so that the company can continue to compete.
When asked which car manufacturer he prefers, Rady answered that he has always been bearish on this industry and finds that while it is a difficult question to answer, if he had to recommend any particular company, he admits to admiring the business practices of Porsche. He feels that Porsche is an excellent engineering firm, and they not only produce quality engines for cars, but they are well diversified with a top-notch product.