Bailout Watch 117: General Mopar Would Be Too Big To Fail
Fresh off his recent membership in TTAC’s Cassandra club, Daniel Howes of the Detroit News has gone back to spinning bad news into industry gameplans. His latest column extolls the virtues of a GM-Chrysler merger, while admitting that such a move would be disasterous for everyone except GM and Chrysler. “Seen from the viewpoint of blue-collar labor, white-collar employees, local governments, dealers, the state of Michigan and the industrial Midwest, just about anyone whose livelihood depends on the dubious survival of Chrysler would pay a dear price,” writes Howes of a possible GM absorption of Chrysler. But, from the narrow perspective of an industry suit, these myriad viewpoints are just so much firewood to be burnt at the altar of survival. And Howes is conveniently on hand to stack it up and pass the matches.
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- Jor65756038 If GM doesn't sell a sedan, I'll buy elswhere. Not everybody likes SUV's or crossovers or is willing to buy one no matter what.
- ToolGuy One thing is for sure: Automakers have never gone wrong following the half-baked product planning advice of automotive journalists. LOL.I wonder: Does the executive team at GM get their financial information from the Manager of Product and Consumer Insights at AutoPacific? Or do they have another source? Hmm...
- ToolGuy There is a lot of clarity here and I am not confused at all. 🙃
- ToolGuy There is a lot of clarity here and I am not confused at all. 🙃
- ToolGuy Wait there's a TTAC Podcast?
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There is no actual need to preserve GM, other than its support network for existing product, which is sizable. The government will take this over, as well as its pension plan. It is ridiculous to believe GM-Mopar would be too big to fail. The Titanic was "unsinkable", too.