gwood

A Radical Solution for U.S. Automakers

Ridiculous. The mechanism is already there in the free market to reward handsomely any entity that could accomplish the task the author speaks of. The payoff for the breakthrough is mind-boggling huge, much bigger than even our money-printing government can afford.

The breakthrough may already be within sight, in the form of the Chevy Volt, and other similar plug-in hybrids. Perhaps this vehicle alone justifies a loan to get them over the hump.

GM once held 50% of the market. Since, our open markets have seen a veritable onslaught of competing foreign brands-Toyota, Nissan, Honda, Mazda, Suzuki, Mitsubishi, Isuzu, Hyundai, Diahatsu, Daewoo, Kia, Vokswagen, Mercedes, BMW, Volvo, Audi, need I go on? Perhaps the miracle is that GM has actually HELD ON to 23%, and is actually leading all of the above in Russia and China, gaining fast in India and South America.

American auto manufacturers are sick, perhaps terminally, but high gas prices and the credit crunch, both now seemingly headed in the right direction, made a huge contribution to where they happen to be. Should we nationalize real estate and banking?