Comment

Auto Industry Bankruptcy Watch

36
zombie5/28/2009 12:16:32 pm PDT

re: #26 Kosh’s Shadow

That assumes GM recovers; that is not at all assured.
First, people who know how to make cars aren’t going to thrive in this environment, and second, the government interference (build “green” cars, not cars people actually want) will make it worse.

I agree. GM will lumber along, sick and unrecovering, for years, and will never regain a leadership position. I predict that eventually GM will become a small specialty company that will produce parts and military vehicles, but no consumer vehicles at all. Its stock will just go lower.