Shouldn't GM, Ford and Chrysler all merge to form a leaner, meaner single

  • Thread starter Thread starter Stephen L
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Stephen L

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U.S. auto company? Most of Congress has decided that bailing them out is not worthwhile because it won't work anyway and they'll just need more money in a matter of months. I agree with this. Some in Congress point out that a car company cannot survive in bankruptcy because need for parts and service are on-going and who the heck is going to buy a car from a bankrupt company (unless the car is sold well undervalue)? I think that's also correct. So here's what I think is the only real solution: All 3 should merge and form one company which, of course, will mean lay-offs, but not nearly as bad as the alternative. This single company would still be competing against foreign auto makers, so there are no worries about a monopoly.

Does anyone else agree with me? If not, what do you see as the alternative? Remember -- letting these companies go out of business means 2 - 3 million workers losing their jobs.
Please offer the alternative to what I'm suggesting and why yours is a good idea.
Dewey, I agree, but in the meantime these 3 auto makers are on the verge of going out of business. The CEOs of GM and Ford told Congress their companies would be out of business within a year unless they received a bail-out -- which they didn't receive. Don't even get me started about their corporate jets -- what a disgrace!
 
No. They need to start selling cars that will be purchased internationally. The cars are too big, they guzzle to much fuel and the emission standards are too low. The SUV bubble is going to burst. The question is will the death of the SUV also cause the death of these companies?

Small, fuel efficient cars are the only answer.
 
Not if any of the three bozos that are running them now have anything to do with it. Do CEOs from any of these three companies ever get fired?
 
They have done this before.
The cars was called the Trabet [something like that].
They made them in Russia.
 
definitely not because then there would be a giant monopoly and car prices would skyrocket.
 
I think you let them figure it out, also Chrysler isn't even owned by American business is it, that was the latest thing I heard. I don't think they will all shut down at once a poof 2-3 million out of work, that figure is way over-exagerated. It is what it is let free market reign!
 
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