Quote:
Originally Posted by matt55
Or , or just not have taken the "bailout" and started making better business choices.
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and had they done that, they would have gone out of business and taken not only them but every parts manufacturer that depends on them out.
The simple fact is, and remains, all of the big three had to survive for the entire business model to survive (like ac delco etc). Chrysler and GM were in far worse shape than Ford and were the first to sign up.
Ford was able to get private investment based on their financial status being less horrible than the others. Chrysler and GM tried to get private financing but no one was willing to take that risk. Hence the government stepping in.
You can't fix 30 years of mismanagement without SIGNIFICANT investment. They couldn't secure it privately. oh well.
besides, if they had secured private financing, you can bet your bottom dollar that that investor would have demanded similar concessions based on logical thinking.
Besides, nothing is stopping GM from bringing back Pontiac branded cars as special one-offs sold through GMC dealerships. Like a special edition Trans-Am or GTO...of course it would probably not happen but it's still in the realm of possibility.