Thursday, November 20, 2008

 

Engine Knock?

I'm getting the feeling that the big 3 auto companies are done and are just making noise like my old cars used to do when I turned off the engine. They knocked and pinged but they were not running.

"The companies themselves, meanwhile, are showing little interest in the aggressive changes critics insist are needed to reverse the industry's long-term decline."

I understand GM's argument against bankruptcy, it would cast doubt on their warranties offered and limit their ability to sell cars. But it appears that they are going for all or nothing and maybe the CEOs know already that things are not salvageable.

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