“GM will not survive as a private company if it does not build cars that sell. That should be obvious to the central planners in Washington as well as GM execs.”
The key word here is PRIVATE. The left has hated American car companies for decades because they continue to build evil SUVs and other cars that people actually want. Now that the greenies have them under their thumb, they are not going to let go. GM will become a facist company (privatly owned, but run/directed by the government.) In return the government will make up any losses.
The is the classic definiton of fascism. And here it is in America.
In Germany it was Volkswagen.
In the U.S. it will be Fubarwagen.
The people responsible for trillions of dollars of debt are going to show the people responsible for billions of dollars of debt how to run things.