Talk of The Villages Florida - View Single Post - Life without General Motors??
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Old 03-30-2009, 08:18 AM
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Quote:
Originally Posted by KayakerNC View Post
Wagoner is on his way out.
A good start?
http://www.autoblog.com/2009/03/29/r...hrysler-fritz/
As you know KAYAKER, I am not shy about giving my opinion however I am not sure how I feel about this...

I was against the bail out attempt in the first place and felt they should have simply gone to bankruptcy..but we did give them "low interest loans" and frankly they may still be heading for bankruptcy court !

What part will the Govt play in putting together the new board of directors ? What will the Govt do relative to the unions ? I am reading that now the Govt is the warranty back up for the cars also. Was the intiial bailout simply to get some control before bankruptcy ?

A lot to think about and then will get back to you I am sure you will be waiting with great anticipation for that !