Comrade Obama is our Statist in Chief now and his direction is the direction of the nation. His Grand Vision includes a new day where the government takes over for the individual. The individual can not be counted on to do what is good for the STATE. Individual decisions do not have the overall good of all of mankind, so the STATE must direct what is good. Chevrolet will become the STATE'S car company. Mr. Waggoner, no matter how well intentioned his efforts, how good they likely could have been, could not be allowed to remain and work for the STATE. Mr. Waggoner will be allowed to take his $20 million severance and go silently. If he dare speak poorly of the STATE, Comrade Obama and the other Statists will make sure his $20 million gets confiscated.

Comrade Obama and the other Statists will ensure:
1 - GM becomes a state run entity. The state will direct the board as to who will be allowed to run the company.
2 - The STATE will become very active in union negotiations and of course the union will be a tool of the STATE.
3 - As a STATE run automaker, GM will no longer have to be responsible to the whims of those fickle customers who don't know what is good for them. No need to produce big gas guzzling trucks, SUV's, or performance vehicles. No need to produce anything that does not promote the ideas of the STATE.
4 - Since the STATE has determined that alternate fuels and electric vehicles are the only thing good for the individual, GM will be the largst producer of plug-in electrics and hybrids, and there will be growth in development of Hydrogen vehicles. Vehicles that use gas or diesel will be phased out and their price will be raised significantly to inhibit any silly individual who thinks they need a gasoline truck, high performance vehicle, or large SUV (unless of course they are willing to pay the addtional cost of Hybrid technology on top of it).
5 - After the popular vehicles are phased out, the STATE approved vehicles will rise significantly in price, but the STATE will greatly hike gasoline taxes so that the STATE approved vehicles as cost competitive in the long run.

The good news in GM will never be allowed to fail thanks to the STATE approved status, so those of us with GM vehicles will always have a company to get parts and service from.

 

Well since the "STATE" cannot and has not proved to be successful in anything they control, I am afraid I will be purchasing my future cars from a privately owned company.

 

Since 50 million people agree with me.......
No not everyone........ the rest are drinking the Kool-Aid or live in California, Michigan or another very highly taxed liberal State where the educated and flexible are leaving the unskilled behind who are looking for a Union to join and ruin another company. I'm guessing the boys in the US Metric plants are wiping their brows with a giant "whew glad we did not accept UAW representation" ...ya think?

 

I doubt 50 million agree with what you think. Maybe some, but anyone with economic sense won't.

 

You mean the brand of economic sense GM and the UAW has offered over the past 20 years??? Yeah thats some economic sense we all should learn from...

Americans outside of the UAW bubble that is Michigan "get it" which is why you will see GM allowing a judge to tear up all contracts and get a "do over" while Obama does nothing to protect the UAW knowing full well neither Democrat,Independent or Republicans support the UAW in numbers that would empower him to act to protect the UAW. The UAW has been castrated...and finally exposed to their own membership as weak. They killed the Golden Goose.

 

geez...........everyone wants to blame union
but if one really looks there are alot more companies going down the tube and they are not union..... it takes more than a union to defunk

 

Here is the latest on GM. THis is unnamed speculation from Reuters.

According to an unnamed source speaking with Reuters, General Motors "is in 'intense' and 'earnest' preparations for a possible bankruptcy filing." The report states that GM could be split into two separate entities; one "new" unit consisting of the General's successful brands (read: Chevrolet and Cadillac) and an "old" unit made up of its less-profitable endeavors (Hummer, Saab, Pontiac and Saturn).

If the plan is enacted, the all-new GM would assume some of the debt from the bankruptcy (primarily, unsecured debt) and that GM's bondholders would lose a substantial amount of value if the Chapter 11 filings go through. Naturally, neither source wished to be named, so this is all conjecture at this point, but if GM does declare CH11 within the next month-and-half, expect the Feds to step in to avoid the cataclysmic effect on both suppliers and the economy as a whole.

 

Well, GM couldn't run it themselves....

 

And the goverment is doing so well?

The people who call the bankers crooks but how many of them have not paid their taxes?

 

I think chp 11 is the only foreseeable outlook for Chrysler and GM. Since the 1970's, none of the American Companies have produced good economical cars, and the few that were good were not being sold hard enough. Say, Corvair, Fiero, HHR and others could be mentioned. These are great cars, top innovation, reliable and useful. I think selling only 100k of these cars per year is too low. They need to sell almost 10 times as much to make a profit. Not everyone needs a truck for daily use, and the Big Three thought different. They also spent quite a bit of money on R and D on auto technologies and sold then to other car makers since they at that time thought it was not in their interest. Those other car companies refined it and called it their own and ran with it.
The Management of the Big Three have let the American consumer in the dust, and left them looking east for their next car. The current Management should be fired and replaced my more practical looking people. No one needs an H2 they can tow the same boat with a GMC Sierra 2500 HD W/T for almost half the price. Move four people with a unloaded crew cab daily when they can use a HHR to do that. GM was totally was at fault and should be re-organized.
The UAW has been ineffective since the 1970's after the OSHA act, and narrowed the workforce to a dedicated few who would not change employers due to a thing called loyalty, not practicality. Also created a non-competitive workplace. The only people not at fault were the consumers, even though they were the cause. The industry moves with the consumer not the other way around, and it was that GM tried to do.