GM, in one of their bet the ranch moments, invested a zillion dollars in hydrogen propulsion. It was supposed to change the world. Haven't seen a hydrogen car yet but it makes sense. Maybe Bawney and Obama have a plan? Be a real screamer if Ford was the last one standing! It would prove that private family control is the best form of capital allocation. Worked for Krupp. Could work here too!
And that would mean we now see a form of ‘nationalized car company.’
Like’em/hate’m 0bama is just picking the low hanging fruit. This is where conservatives are cheering right along with the democrats...Oh he was a bad boss, ran the company into the ground etc.
To many here:
Stop and think who is now running the company. It is not you, it is not me, it is not the marketplace, or the shareholders. It is the government.