Second Rater
October 28th, 2008 - 7:16 am
An event 35 years (or more) in the making:
CNBC’s Phil LeBeau reports that Toyota’s three U.S. brands could outsell GM’s eight brands in October. “This week is not only the last one of the month. It’s also the week that could determine if GM holds on to the top spot in monthly auto sales in the U.S. Initial reports of October retail auto sales show Toyota outpacing GM and Ford. If that trend holds for the full month, we could be looking at the day many in Detroit have feared for years.”
If GM needs someone to blame, I have a mirror they can look into.
Lets give ‘em $10 billion!
These idiots need to prove they can run their own company somewhere other than into the ground before they gobble up Chrysler. Killing Buick would be a good place to start. They damn well shouldn’t get one bloody dollar of my taxes.
I find it nothing other than insane that a failing company might use tax money to purchase another failing company, making another one of those “too big to fail” monstrosities. And of course they have no plan for how this will all work. What’s equally insane is how no one in Washington has told them loudly to fuck the hell off yet.
GM and Chrysler should both be broken up by the US government before that “plan” is talked about in a serious manner. The parts of these companies are worth much more than the whole, no matter the sentimental value of some brands. It’s time Nash, Oldsmobile, and Dusenberg had some new neighbors in Nostalgia-ville.
“Too big to fail” can easily mean “too big to bail.”