What is To Become of Dear Old General Motors?

A GM EV1 Prototype of a Series Hybrid - 1999










They have until June 1st. All indications point to utter failure. What will become of former US business icon, General Motors?

They need to sell Saturn.
They need to sell hummer.
They need to sell Opel.
They need to come to terms with the Canadian Auto Anion.
They need to make a one billion dollar payment.

They can do none of the above. What I would like to see GM do is repay the billions that were given them by the taxpayers of the United States. Do you think this will happen? Neither do I.

I would like to see them resume production of the EV1 and S-10 Electric pickup. Do you think that will happen? Neither do I. I would also like to see GM make the Volt TODAY with the Panasonic PbA battery that gave the EV1 a 100 mile range. That will not happen either. We have to wait another two years for them to perfect a Li ion battery for the Volt that may be incapable of perfection.

But really, what should be done with General Motors? Shouldn't they be left out to dry and go belly up? Then their sales would plummet like never before as auto buyers shy away from a miserable, decrepit bankrupt company and head over to the Toyota or Honda dealership. It is time for GM to be shuttered, have all their assets sold at auction with the proceeds going back to the US Treasury.