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Reorginazation is good Posted by adl6009 [Email] (#2526) [Profile/Gallery] (more from adl6009) on Thu, 13 Nov 2008 08:29:22 In Reply to: Product first, steve, Wed, 12 Nov 2008 20:23:01 Members do not see ads below this line. - Help Keep This Site Online - Signup |
Yes it's called bankruptcy, its the system established in law to fix badly damaged companies. The auto industry has relied on lobbyists and subsidies too long. Workers and pensions must be protected from the failure of the business. A bailout or rescue will only perpetuate the failed business model. The government should then establish a positive environment for the r+d of green autos. Going natural gas is probably the best bridge to the future. Diesel may be a viable short term alternative.
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