The Perils of Thinking You're Smarter

"What do the Japanese know about making cars?"

This quote, which came from somebody at General Motors years ago, was mentioned in one of my previous posts on how disruptions are often ignored by incumbents, for very rational reasons.

I just came across this article on the BBC Web site. It discusses how some of the Japanese manufacturers are thinking about raising -- yes, raising -- their prices as a goodwill gesture to the American car companies.