President-Elect Obama’s between-the-lines message to Detroit: “build competitive, fuel-efficient cars or [bleep!] off and die.”
That’s not quite what he promised Michigan voters during the campaign season — but it’s a message I can get behind.
RELATED: Question from Varifrank — why can’t GM be allowed to go into bankruptcy?
Actually, GM needs C11 if it’s ever going to recover, Ford just might, and the very best Chrysler can hope for is a brutal strip & flip from Cerberus. Otherwise, it’s liquidation.