mahoney

GM in the Global Dow - What Gives?

"BTW: There are plenty of interesting things you could do with a bailout. What if we put in place eco/energy conditions—not minor CAFE standard stuff, but conditions that would create a Manhattan project for improving fuel efficiency in the U.S. auto industry? What if we gave the auto industry cash but required a massive investment in natural gas-powered cars, or required a complete conversion to a hybrid fleet?"

I think that is the way to go. Consider it a New Deal-type project, a long-term investment to help produce a foundation for an industry likely to thrive 10-15 years down the road. The only question is whether GM (and Ford) can last long enough to return to profitability.