Right now, there's speculation that GM is going to be allowed access to funds through the Fed discount window through the pretty flimsy story that its GMAC that's taking out the loans.
There has to be retooling, and the only way that can happen is if the companies are able to create long term value while taking short term losses. And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg
Even if there GM swaps the 49% stake it holds in GMAC for Chrysler, there is still a lot of good that can come from it.
Both companies can't cut floor staff. They can cut office staff, and they have. They can merge R&D, and trade access to technology.
The gains from this aren't huge, but they just might be enough to allow the company to break a small profit. Going into the black would allow the companies to stem a lot of the pressure coming from the stock market, and would change the narrative on the companies. And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg
