article: "GM's Doomed Future"

[wildcat]

Jerry Forbes adds his opinion about GM's future here.

Edited April 24, 2009 by wildcat

[Camino LS6]

That's the first thing I've ever read by that old coot that made a lick of sense.

I think thigs will actually go even worse than he thinks.

[gm4life]

That's the first thing I've ever read by that old coot that made a lick of sense.

I think thigs will actually go even worse than he thinks.

Do you think we will have a GM left? Actually I agree with some of what he says, that is scary.

[Camino LS6]

I think that the government really doesn't want to save GM and Chrysler, they just want to crutch them along until the economy is strong enough to absorb their failure. A slow death fits their plans perfectly.

[FUTURE_OF_GM]

I've been screaming this for months...

[gmcbob]

I agree with Jerry on this.

I get a sense that of all of the writers out there commenting on the Auto industry he seems to have the best mix of being a realist along with still having a pro-Detroit stance. I like reading his columns.

GM isn't going to go away - but they're going to be a total and complete shadow of what they even are right now I'm afraid. It seems that the only way to profitability now is to shrink themselves down into a 12-15% market share company. It's a mindset that I'm sure many of the employees and especially a lot of the "old timers" in management and in labor are going to have a real tough time grappling with.

They have no one to blame but themselves though for so many different reasons that everyone on this board already knows and discusses frequently.

[BuddyP]

Death by Gov't.... who'd a thunk it.

[GXT]

Death by Gov't.... who'd a thunk it.

The death started long before the government started bailing GM out.

[vonVeezelsnider]

The death started long before the government started bailing GM out.

http://photos.leftlanenews.com/photos/cont...ownership-1.jpg

This is what GM ownership will look like if the debt for equity swap proposed today goes through... I don't really like this so yeah, perhaps BK is a better way out.

Edited April 27, 2009 by vonVeezelsnider