Monday, November 17, 2008

DEE-troit

(or "deh-TROIT", depending on your locale.)

I'm undecided, but leaning towards a pre-packaged Chapter 11.

A "free money" bailout doesn't solve any real problems, it only delays them. The idea that the automakers would fare better under a "strings attached" mandate to make a particular type of vehicle is not a feasible plan. (Do we think Congress knows any better how to make and market cars than industry folks? Not I.)

Toyota and Honda may have had a leg up on hybrids and fuel economy, but TM was tooled for big trucks too.

Under Ch-11 the auto-cos can still maintain operations and get their respective houses in order. Some jobs will be lost, but there's really no way around that.

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