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Saturday, October 18, 2008

Gm's Proposed Merger With Chrysler Will Doom The 2 Companies

The American Automobile industry isnt competative with the foreign companies and the merging of Chrysler and Gm will make it fall even further behind. Bad management is the sole reason the American companies have lagged so badlly for so long.
Gm's Rick Wagoner perhaps the worst auto excutive ever to run an automobile company would be heading this new company. Rick is now building an electic car(the Volt)whose batteries may or may not even work. It wont be know until just a few months before the car is supposed to go into production if the batteries will perform as expected. How is that for great planning? Rick is the worst yet he wants to do this merger. He has run his company Gm into the ground and now he wants to do this merger. What Wagoner should really get is a pink slip.
The government should buy Chrylser bring it back to life with better management. This worked in the 1980's. If this isnt done we may never crawl out of this fiancial crisis