I hope they fail. I hope the US auto industry goes down in flames -- so that we can have better, more agile companies.
What about all the union members who will lose their job if the industry goes down in flames?
power to the people!
Give everyone in GM a stake in the whole thing, or as much as they can keep.
Workers aren't gonna be left idle for long, it's not like we won't see a resurrection.
or hell, they can go drill ;-)
The american auto industry is good for America, just not in its current incranation. It's also needed to increase competition in the field. I've driven American cars my whole life. I bought my first Toyota (hybrid) this spring.
If you like hybrids and like to buy American, you should have bought a Ford Escape Hybrid. (And they still get tax credits that are no longer available on the Prius.)
I don't need an SUV (and I live in a city), but I have ridden in them and trying to get my father to buy one :)
And I love the Prius, but needed more space for a child and gigantic dog. With no rebates left on the Prius, I'm trying to convince my parents to buy a Nissan Altima Hybrid.
