TTAC’s Robert Farago has written the most cynical analysis possible about the future of General Motors. And I’m not being cynical at all when I tell you that I expect every word of it to come true. A sample:
You want to talk about a perception gap? The Obama administration’s Presidential Task Force on Automobiles is busy widening the gap between the perceived value of General Motors and the actual retail price of the government’s automotive showcase. Mark my words: the feds ain’t done propping-up the unproppable; they’ll shovel more and more money at GM, dressing-up the nationalized automaker for the Great Pre-Mid-Term Election Sale.
Read the whole thing.