elroy

Auto Sales Are Cause for Optimism

Certainly GM would be a stronger company after Chapter 11 but that would be at the expense of all those people who worked for them over the years. The loss of all those pension dollars and medical coverage would hurt them and the US economy.

It's too bad the US gov't doesn't work to protect its industries (not just auto) like Japan and many other developing countries.

If GM can survive a few more years without Chapter 11 -- they have some great cars and crossovers now, with more in the pipeline -- and their truck line up with the new hybrids is strong too in case the market picks up -- then there is a bright future. There is the more competitive wage rates that they negotiated with the UAW and at some point. A importantly, their legacy costs will go down as people die and the newer companies like Toyota and Honda are going to start having legacy costs too!