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October 30, 2008

GM wants more fed money pounded down rathole

UAW chief still clueless on formerly-Big Three or nobody

Michigan Gov. Jennifer Granholm has joined five other state leaders in asking for federal bailout money to go directly to the U.S. auto industry.

First, it's really credit card companies and banks wanting the money; that's why the governors of Delaware, New York and South Dakota are co-signers of the request.

Second, plenty of questions, and doubt, remain about the prime idea of a GM-Chrysler merger.

If consolidation of the two companies involved selling off all non-Jeep divisions of Chrysler, how well would that help? Especially if gas prices go back up as the country comes out on the far side of recession and SUV sales stay low?

That's just one of many non sequiturs of a possible merger that the article above raises.

Third, the UAW apparently Second, just doeesn't get it. Even if not a GM-Chrysler merger, somebody is likely to buy somebody within the auto world (Nissan has also been a suitor for Chrysler, for example) and more jobs will go away.

Especially when Ron Gettelfinger pins the hope of U.S. auto revival on the sale of more SUVs, it's clear he's a dinosaur, if not quite, or not necessarily, an idiot.

And, I did not link the the Dallas Morning Snooze on this; despite GM having a plant in Arlington, the Snooze ran a wire story.

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