Bloomberg asked:
GM, Chrysler consider merger as economy, credit erodes; Sources: GM wants treasury to help finance purchase of Chrysler; GM wants to tap into treasury’s $700 Billion rescue fund; Credit crisis making it difficult to secure merger financing; GM, Chrysler m
Big MISTAKE for American Make, because they built too many of the big cars, and SUV and every one are dying to buy a Smaller car, Hybrid cars, and minivan since gas price hit $3.00 per gallon because every one **** spending more and more on gas.
The past 10-15 years we`ve been warning
Detroit was making bigger SUVs & trucks ,
bigger engines, larger , bigger…
when the world was doing the opposite.
Like showing power and `scorning` the rest of the world the USA discontinued smaller cars ( like the Neon ) and imported those cars from Korea.
Do NOT bail out the Big Three. By bailing them out we fail at sending the message to Detroit:
1. Design and execute cars that we’d actually would want to buy.
2. Give us the quality, durability and ROI we get from Japanse cars which are also assembled in the US.
If any stimilus is to be provided – give it in the form of:
1. job retraining programs for all the workers who will lose their jobs
2. Incentives for entreprenuers who come up with new businesses that hire those let go workers.