akuma587 on 04 April 2009
Whatever ends up happening, GM is going to be massively smaller in the future than it is in the present. Less brands, less dealerships, less plants, less employees, less overhead, less outstanding obligations, less everything.
I think Obama is doing the correct thing now. If they can't get it together by the time the 60 day timeframe is over, bankruptcy is probably the best option.
Chrysler may merge with Fiat in Europe, and this would at least temporarily solve their problem. They will much likely be in a better position if they have less competition from GM and if they are seen as a more stable corporation.
Fortunately Ford looks like it will weather the storm just fine.
It may just turn out that the Big Three turns into the Big Two. This will at least put the car market in a more realistic position.
We had two bags of grass, seventy-five pellets of mescaline, five sheets of high-powered blotter acid, a salt shaker half full of cocaine, a whole galaxy of multi-colored uppers, downers, screamers, laughers…Also a quart of tequila, a quart of rum, a case of beer, a pint of raw ether and two dozen amyls. The only thing that really worried me was the ether. There is nothing in the world more helpless and irresponsible and depraved than a man in the depths of an ether binge. –Raoul Duke
It is hard to shed anything but crocodile tears over White House speechwriter Patrick Buchanan's tragic analysis of the Nixon debacle. "It's like Sisyphus," he said. "We rolled the rock all the way up the mountain...and it rolled right back down on us...." Neither Sisyphus nor the commander of the Light Brigade nor Pat Buchanan had the time or any real inclination to question what they were doing...a martyr, to the bitter end, to a "flawed" cause and a narrow, atavistic concept of conservative politics that has done more damage to itself and the country in less than six years than its liberal enemies could have done in two or three decades. -Hunter S. Thompson