About American Cars

“Cannot Put GM and Chrysler back together again”, that’s the words that are coming out of the mouth’s of the Presidential Automotive task force. That may be a more realistic view of the whole picture for as we have been stressing over and over again, they’re not genies who just snap their fingers and the whole world gets better. They started out with optimism and they still have it in them, only this time round, they are a bit more realistic for they now know the full extent of the economic troubles that have led to the demise of the US auto industry.
The problem is that the whole deal is rotten, from housing, health and everything else in between are hit hard and no one authority, not even the Federal Reserve with all it’s gold and monetary resources can remedy the whole thing. The team is now leading efforts to restructure the auto giants and the figures don’t lie, one will have to go bust to give way to a better mix of the two auto giants that may make them better than the two individual units.