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

Edited April 24, 200916 yr by wildcat

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.

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.

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.

I've been screaming this for months...

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.

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

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

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

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, 200916 yr by vonVeezelsnider