Because they’re the biggest, despite their losses, and GM going down the tubes would have far reaching effects in the economy (so would Ford, just not as much). Your points are all valid, and true, and in many ways (actually all ways) they don’t deserve it, but that won’t matter to the politicians, especially if the congress and Whitehouse are in the hands of the same party.

I doubt it. I see evidence that Ford may just make it. They are making more of the right moves than the other 2 of the D3. Maybe Cap’n Kirk wants to ‘ensure’ Ford’s survival and pick over the bones of GM when it slams into the wall. And why should should the government help GM anyway? They just lost a ton of money, have 30 plants idle due to a strike and the arrogant twit at the helm has just had his salary restored to it’s former level. GM is a company with an administrative, manufacturing and sales structure suitable for a 50% + market share with a less than 25% market share, and what is it doing about it? Wagoneer, Lutz & Fritz are all asleep at the switch!

Chrysler is more likely to be sold whole than parted out, although an IPO is another possibility, but they will have to be profitable to do that.

GM will survive either intact or after a transformation via chp 11. If they go chp 11 the government will assist them in some fashion. I don’t think it will go that far – the thought of chp 11 will cause the goverment to do something.

why on god’s green earth would anyone buy a
stock for more than market price?

does anyone else want this stock?

is this a pump and dump?

If GM goes bankrupt, they get out of a bunch of debts, and come back to the table all refreshed and able to undercut Ford. At the same time, don’t Ford buyers have to worry that Ford will be next?

I don’t exactly have his track record at investing, so I shouldn’t argue with him. Still, I don’t get it.