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View Andrew Snyder's Comments
Why Won't GM Just Go Away?
Hmmmm... Three common themes here.
#1: I'm an idiot -- Hey, it happens.
#2: If the government would stay out of the way of the nation's businesses, we would not be in this mess. But they are, so we are all forced to pay as the company crumbles under the pressure.
#3: GM may have a couple of interesting cars, but thanks to huge legacy costs and a head-in-the-sand management team, profitability will take a lot more than that.
If GM's future is the Volt, good luck. It will not be a profitable car for a decade. Come on.
I stand by my conclusion. GM in its current form will not and should not survive. Uncle Sam is not a businessman. He's a career politician.
Jan 16, 2009. 12:29 PM
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