I was listening to two semi-lib NY’er local brokers on the radio pitching stocks. they were talking about how GM and Chrysler will eventually have IPOs and will do well because their costs have been reduced. I just laughed and knew they were Obama stooges.
GM and Chrysler are over - stick a fork in them. Mercedes (Daimler) could not turn them around. GM was making progress thanks to Bob Lutz who had also patched up Chrysler.
It is over for GM and Chrysler. Too much competition, UAW, too many issues now and they no longer have economies of scale.
UAW will try to destroy Ford.
The young liberal crowd has really drunk the Kool Aide on this one. GM is losing market share and is running in the red AFTER emerging from bankruptcy. Not a good sign. The ad campaign seems to be bold and fresh but the cars simply are not competitive. A $40k La Crosse or a $12K Hyundai when the Hyundai is the better car???? Cigar chompin union cavemen and governments simply cannot be successful in a competitive global market. Even the government controlled German and Japanese car companies will eat their lunch because they understand global markets...