[LS]

Wyatt, you're not agreeing with Obama, really. GM needs to "go bankrupt" in a market process where it's freakin' VOLT cars are discredited and dumped. Instead, they are getting rid of other lines that aren't PC, like Hummer. Now, I don't know if Hummer is profitable, but I do know that VOLT isn't, and that Waggoner told Obama that. Moreover, it needs to be clear that the reason GM goes bankrupt is the UNIONS.

That won't be as clear in this case.

[Wyatt's Torch]

I know...I was just trying to say one positive thing about Obamarx and this is as close as I will ever come...;-)

It really is funny because i can remember discussion about the unions bankrupting the Big 3 back in college in the 1980’s. This is not a recent thing and has very little to do with the current financial meltdown. It is a structural flaw in their labor model and can only be fixed through restructuring of the pension/health obligations and the elimination of the unions. Bush should have forced bankruptcy to accomplish that. Instead, the government is going to end up owning 3 car companies that will work as well as the Post Office.

[Leisler]

Any automotive needs will be supplied by Ford( maybe ) and Japanese, German automaker.

Besides, there is no reason that modern cars shouldn’t last 30 years. I think nothing of a ten year old car. Twenty is even fine. This should be good for auto parts stores, rebuild companies and small mechanics shops.

I checked out old Cadillac style Jeep Wagoneers. There are a couple of outfits that totally rebuild them. Very very nice and less money than a stripped CJ.

[Spktyr]

Hummer isn’t even vaguely profitable, and they have sold very few vehicles in the past three years.

[Cronos]

I don't know if Hummer is profitable

Hummer isn't profitable at all.