With bankruptcy looming, a new GM begins to emerge: "DETROIT (AP) - With an almost certain bankruptcy filing days away, General Motors is beginning its reinvention, planning to retool one factory to make its smallest vehicles ever in the U.S. and rid itself of the biggest."
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And the Hummer is being dumped. It seems that the Obama administration has turned the world's largest auto company into its very own government sponsored, union run, workers' cooperative that will be tasked by the federal government with building dinky little green-mobiles to save the planet. Because few people want to buy such vehicles, I suppose the next step might be to impose huge tariffs and carbon taxes on the other manufacturers so that their prices will become prohibitive for most of us.
And if that transpires, I think the next step will be gray Mao jackets for everybody.
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