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GM: More Bailout-Worthy than Citigroup

"The 2 Mode Hybrid Chevy Tahoe—a full size SUV that seats seven with great towing capability—gets the same highway gas mileage (21 mpg highway) as a Toyota Camry and received Green Car of the Year at the LA Auto Show. "

... and costs (US$50 K basic) as much as Wagoners private jet.

The regular 5.6 litre petrol Tahoe (US$33K basic) gives you 14 mpg on the highway.

GM: More Bailout-Worthy than Citigroup

Let's imagine that a rogue asteroid hits and wipes out the manufacturing plants of GM/Chrysler Ford in North America.

US based foreign owned car companies will take up their declining market share with efficient , well made, reliable, vehicles.

They will of course need parts suppliers, showrooms, need to build new lant, hires ......

OK the total market will be smaller, there will be some folks hurt - but North America will have a highly efficient , compact, well run, auto industry.

The squalid boondoggle cobbled together will keep this wretched crew in a job until after the Superbowl .... better spend those Billions on ensuring some security for the retirees and re-training the redundant.

Maybe someone somewhere could find a job for Wagoner .