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I am usually a big fan of laissez-faire in big business. In most cases I don’t believe in government intervention, but I am a car guy first and a businessman second.

I don’t like the idea of just handing out money. That’s why my suggestion is to have the government also take a percentage of the company. So that when the U.S. auto industry recovers (and I truly believe it will,) the government will get some real money back for coming to the rescue. That’s something that doesn’t happen on a low-interest loan against company assets.

As pointed out earlier this is not communism and more like mercantilism. This is good for the state. Because if GM goes under, then there will be multiple hundreds of thousands of people out of work who will now need to draw money from the government. When General Motors is talking about bankruptcy it may not be talking about Chapter 11 (reorganization); it may be talking about Chapter 7 (liquidation). The government is going to have to pay either way, but at least with government investment, we get to keep our car companies.

No one else will currently take on the large burden that is GM. No company is big enough to swallow GM as a whole. If General Motors goes bankrupt, a few foreign brands will be sold off as a whole, like Opel to Europe and Buick to China, but most domestic brands will become shells. Names like Chevy or Cadillac may find homes as rebadged versions of foreign cars, but most General Motors dealers and factories in North America will close.

The ripple for this was covered earlier. There will absolutely be a domino effect from any domestic automakers bankruptcy because the American public follows publicity. In the 70s and early 80s publicity about how American cars were inferior to Japanese ones dealt a blow to the industry. Americans began to think that American cars were junk and didn’t look at domestics again. While in many cases this was, it was not the case the whole time. There was a real problem with cars like the Datsun B210 rusting while still in the showroom, but people bought them over ALL domestics because of perception.

Also the government can’t take a controlling interest in auto companies, because it will be a disaster that will kill off any cars with soul. One of the biggest problems in the government-controlled British Leyland is that the company had to get approval for it new car lines from the British Government. This meant everything went a typical governmental pace (laborious) and rarely were purse strings loosened so that an exciting car could get through.

There does need to be fresh blood in the executive ranks for a full organization, but that is a topic all on its own. Let’s hope the auto industries make it that far to where we can have that discussion.

I don’t know how a communistic ideology has fallen in a discussion of business matter, or of finance. This topic is a financial problem of a car manufacturer, or domestic one. So what? There are more than one domestic car manufacturer. Let it close. GM has been pursuing a profit mentality instead of designing cars for its own country. Like what? Like safety, efficiency, and etc... That’s how other car manufacturers have caught the market. There’s no domino effects if GM just get bankrupt. There will be buyers. Just get rid of those management people from GM from getting more money out of the office, and put them on the streets, and let the union people show them a lesson.
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Right, this way it’s looking fine! Rather sporty and not massive for a sedan.
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a good car but not as good as the previous model
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10 to 16k? I can spend a couple of grand and make my car go faster than any car wearing 16K rims.
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Talk about bada$$ looks. This is the Vin Diesel of cars.
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You’d be surprised just how many high end cars share parts with other less glamorous makes. It the modern world you will not find a car which is totally bespoke, hell even the Veyron has VW components in it and thats an £800,000 car!
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hah seen pictures of a pink enzo and a pink camo veyron
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Mercedes and Chrysler could have looked at this car before the merger to know their marriage would not have worked out.
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looks nice.. but would definitely not get it in this color
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that not even a nice shade of pink at least if it was hot pink it would be better other than that its a waste even if its for a new pink panther movie i dont think that the people watching it they will realize what type of car it is they should have picked some little cheap car that a super car like this.
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to be an aston owner because i would be pissed to find out my car has volvo or ford parts good thing the sold it off
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Shivers-no problem if you can spend that much dough on a car! I’m sure he is more pissed than worried about repairs.
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Buy American! Help out the Big Three!
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I’m sorry the Camaro just doesn’t do it for me. Chevys design group stinks right now. Dodge nailed it with the Challenger, Ford nailed it with the Mustang. Chevy Missed on this one in my opinion.
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