Interesting story from the AP
General Motors is taking a seemingly odd approach to falling sales of pickup trucks: It's raising prices. The company says the price of the 2014 Chevrolet Silverado will go up almost $2,100. Full S...
Forum Discussion
Bob Landry wrote:Your article is basicly correct except for little detail that Chrysler did not have a stock at that time. It was all converted to Mercedes Bendz stock
Both GM and Chrysler should have been allowed to go belly up. The bailout was to cover the unions unfunded liabilities and nothing else. Over that last century, dozens of car makers have gone south either because of less than desirable models or an unsustainable overhead. Those companies either went away for good, returned to the market with a better product and business model, or they were replaced with companies who would and did just that. There's no reason that the automotive "gene pool" could not have been cleansed this time around, other than the unions. They were merely propped up on the backs of the shareholders and that was nothing but wrong. For that reason alone I will never buy a GM or Chrysler product
mm49
