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How does that story hold together if GM swaps GMAC for Chrysler?

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
by BruceMcF (agila61 at netscape dot net) on Sun Oct 12th, 2008 at 10:12:37 AM EST
[ Parent ]
I would like to see the companies nationalized.  

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

by ManfromMiddletown (manfrommiddletown at lycos dot com) on Sun Oct 12th, 2008 at 12:36:44 PM EST
[ Parent ]

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