Howdy Jones,
Still won't work.
Regardless of assets and market position, longevity etc.. it will always get
down to people in leadership. The ideal way to work out the US auto industry
would be for it to transition to bankrupcy to acquisition by people that
know how to run a manufacturing business. It would only take 5 bright young
guys.. dump GM, Ford and Chrysler into a single enterprise.
Won't happen, too much baggage and too few people with knowhow, plus
congress would never allow the opportunity for politics to escape them.
Richard
One of several good articles
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/11/19/BUVG147QK6.DTL
Bankruptcy is the only way to trim the gross layers of fat off the top -
get rid of Putz and the fleets of corporate jets and other perks.
